The Investor
26 Apr 2026, 20:51
TotalEnergies has approved a $1.2 billion investment for the Mirny wind and battery energy storage project in Kazakhstan, marking one of the country’s largest renewable initiatives. The project will combine 1 GW of wind capacity with a 600 MWh battery system and is expected to supply electricity to around 1 million people.
Construction will support Kazakhstan’s goal of increasing renewable energy’s share to 15% by 2030, with full capacity targeted by 2029. The project’s output will be sold under a 25-year power purchase agreement with the government, while financing has been secured from a consortium of international lenders.
TotalEnergies, holding a 60% stake, said the project will enhance grid stability and strengthen its broader strategy to expand renewable energy capacity across Asia.
Construction will support Kazakhstan’s goal of increasing renewable energy’s share to 15% by 2030, with full capacity targeted by 2029. The project’s output will be sold under a 25-year power purchase agreement with the government, while financing has been secured from a consortium of international lenders.
TotalEnergies, holding a 60% stake, said the project will enhance grid stability and strengthen its broader strategy to expand renewable energy capacity across Asia.