Business
Kazakhstan: TotalEnergies Takes Final Investment Decision for Its Giant Wind and BESS Project
PARIS, April 24, 2026-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has taken the Final Investment Decision and secured financing for the Mirny onshore wind and Battery Energy Storage System (BESS) project in Kazakhstan. Located in the southeast of the country, Mirny should generate 100 TWh of renewable electricity over 25 years, enough to supply about 1 million people in Kazakhstan. The electricity produced will be sold to the Government of Kazakhstan under a 25-year Power Purchase Agreement
About this update from Totalenergies Se
[{"type":"list","items":[{"val":[{"type":"text","content":"The Mirny project combines 1 GW of wind capacity with 600 MWh of BESS.","length":70,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"It will supply renewable electricity to ~1 million people.","length":58,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The project will reach full capacity in 2029.","length":45,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":173,"olType":false},{"type":"text","content":"PARIS, April 24, 2026--(BUSINESS WIRE)--","length":40,"tagName":"p"},{"type":"text","content":"TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has taken the Final Investment Decision and secured financing for the Mirny onshore wind and Battery Energy Storage System (BESS) project in Kazakhstan. Located in the southeast of the country, Mirny should generate 100 TWh of renewable electricity over 25 years, enough to supply about 1 million people in Kazakhstan. The electricity produced will be sold to the Government of Kazakhstan under a 25-year Power Purchase Agreement (PPA) signed in 2023. The project’s investment amounts to $1.2 billion, with about 75% externally financed.","length":584,"tagName":"p"},{"type":"text","content":"A flagship project for Kazakhstan","length":33,"tagName":"p"},{"type":"text","content":"The Mirny project consists of a 1 GW onshore wind farm totaling 150 turbines, combined with a 600 MWh battery energy storage system supplied by TotalEnergies’ wholly owned affiliate Saft, for a reliable power supply to the national grid. The inclusion of a storage facility will enhance grid stability and represents a significant upgrade to the country's energy infrastructure. TotalEnergies holds 60% of Mirny, jointly with its partners Samruk Energy and KazMunayGas (20 % each).","length":485,"tagName":"p"},{"type":"text","content":"Financing secured from international lenders","length":44,"tagName":"p"},{"type":"text","content":"TotalEnergies and its partners signed yesterday a Common Terms Agreement (CTA) with an international lending consortium, securing a financing framework for the Mirny project. The lending consortium includes EBRD, Proparco, DBK, DEG, Société Générale, QNB Group, China Construction Bank, and Standard Chartered.","length":310,"tagName":"p"},{"type":"text","content":""We are delighted to launch one of Kazak...