Kyivstar has purchased six solar power plants in the Lviv region, with a total capacity of 105 MW.
Kyivstar has purchased six solar power plants in the Lviv region, with a total capacity of 105 MW.
As Interfax-Ukraine writes, citing information from the company’s press service, the purchase of assets cost UAH 3.6 billion, or about $80.8 million.
«Renewable energy is one of the key areas of Kyivstar’s investment portfolio, as it opens up opportunities for the further use of „green“ electricity to cover part of the company’s energy needs,» said Kyivstar President Oleksandr Komarov on this occasion.
Thus, taking into account the purchase in December last year of the 13 MW Sanvin 11 solar power plant for $3 million in the Zhytomyr region, the total volume of Kyivstar’s «green» generation increased to 118 MW.
Accordingly, according to the company, this allows it to produce solar electricity volumes that account for about 30% of the company’s current annual consumption.
«Electricity from the acquired group of solar power plants will be supplied to the unified power system of Ukraine in accordance with current market and regulatory rules, which will allow Kyivstar to partially hedge risks associated with fluctuations in electricity prices,» Kyivstar explained.
According to the operator, «green» projects also give it the opportunity to build a long-term energy consumption model.
We will remind, in December last year , Kyivstar announced that it was starting investments in the alternative energy sector and announced the acquisition of 100% of the corporate rights of LLC «SANVIN 11» — the owner of an operating solar power plant in the Zhytomyr region.
