TotalEnergies has secured financing for the Mirny onshore wind and battery energy storage system (BESS) project in Kazakhstan. The project includes a 1 GW onshore wind farm, with 150 turbines and a 600 MWh battery system which will be supplied by Saft, an affiliate of TotalEnergies. The power generated will be sold to the Government of Kazakhstan under a 25-year PPA which was signed in 2023.
Furthermore, the project is expected to generate 100 TWh over 25 years, supplying power to approximately 1 million people. Total investment for the project involves $1.2 billion, with TotalEnergies owning 60 per cent of the project and Samruk Energy and KazMunayGas owning 20 per cent each. The project’s financing is backed by EBRD, Proparco, DBK, DEG, Société Générale, QNB Group, China Construction Bank, and Standard Chartered.
In April 2026, TotalEnergies and Masdar signed a $2.2 billion 50/50 JV agreement to merge their onshore renewable activities in Asia. The JV will manage 3 GW of operational assets and 6 GW under advanced development that are expected to commence operation by 2030. The JV will be the sole platf
