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TotalEnergies SE ( (FR:TTE) ) just unveiled an announcement.
TotalEnergies has approved and financed the Mirny onshore wind and battery energy storage project in southeast Kazakhstan, a $1.2 billion investment combining a 1 GW wind farm of 150 turbines with a 600 MWh storage system supplied by affiliate Saft. The project, majority-owned by TotalEnergies alongside Samruk Energy and KazMunayGas, will sell power under a 25-year agreement with the Kazakh government and is expected to generate enough renewable electricity over 25 years to supply about 1 million people.
By integrating large-scale storage, Mirny will enhance grid stability and upgrade Kazakhstan’s energy infrastructure, supporting the national target of lifting renewables’ share of power generation to 15% by 2030 and its 2060 net-zero ambition. The venture, financed about 75% by an international lending consortium including EBRD and several major banks, also strengthens TotalEnergies’ wider renewables portfolio in Asia and underlines its strategy of expanding firm, low-carbon electricity in emerging markets.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company active in oil and biofuels, natural and green gases, renewables and electricity, with operations in about 120 countries. In Kazakhstan, where it has been present since 1993, the group combines hydrocarbon production with renewable projects, holds a major stake in the North Caspian Project, and operates 128 MW of solar assets as part of its multi-energy strategy.
The company is building a portfolio that links solar, onshore and offshore wind with flexible assets such as combined-cycle gas plants and storage to supply clean, firm power. It currently has more than 34 GW of gross renewable capacity and targets a significant rise in electricity output by 2030, positioning itself as a key player in the energy transition while supporting host countries’ decarbonization goals.
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