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Stock impact report

VEON's Kyivstar Invests in Renewable Energy in Ukraine with Acquisition in Solar Power Company [Yahoo! Finance]

Kyivstar Group Ltd. - Common Shares (KYIV) 
Company Research Source: Yahoo! Finance
acquired 100% of LLC SUNVIN 11, adding 12.9 MW of solar generation capacity to its energy resilience investments. The acquisition marks Kyivstar's first investment into renewable energy. Electricity generated by the solar facility will be supplied to Ukraine's national grid in accordance with applicable market and regulatory frameworks. The acquisition will enable Kyivstar to participate in Ukraine's country-wide energy resilience, while also supporting Kyivstar's operational and financial foundations by partially hedging against volatility in energy costs and dependability. The solar power facility is also expected contribute to an incremental improvement in Kyivstar's overall carbon footprint. “Investing in renewable energy is a strategic step that contributes to the development of renewable energy in Ukraine while enabling Kyivstar to enhance operational and financial stability. This investment, combined with the recent introduction of Starlink Direct to Cell satellite connec Show less Read more
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