TotalEnergies signs investment agreement for Kazakhstan's largest wind power project

World Oil Staff December 04, 2023

(WO) — TotalEnergies' CEO, Patrick Pouyanné, and the Minister of Energy of Kazakhstan have signed an investment agreement for TotalEnergies’ Mirny project during COP28 in Dubai. Mirny, the largest wind energy project ever initiated in Kazakhstan, will provide low-carbon electricity to over 1 million people, averting the emission of 3.5 million tons of CO2 annually in the country.

The Mirny project aims to construct a 1 GW onshore wind farm comprising up to 160 turbines, paired with a 600 MWh battery energy storage system for a reliable power supply. Mirny represents an investment of approximately $1.4 billion and serves as a prime example of TotalEnergies’ capability to leverage its position as a major partner in the upstream sector to expedite the development of renewable energy in oil and gas countries.

This investment agreement follows the signing in June 2023 of a power purchase agreement (PPA) for the Mirny project, marking the first such agreement in the country for a wind project of this scale. TotalEnergies will develop the Mirny project in collaboration with the National Wealth Fund Samruk-Kazyna and the National Company KazMunayGas, each holding a 20% stake in the project.

“At COP28, more than 110 nations committed to tripling renewable energy capacity by 2030. TotalEnergies supports this call. With this innovative wind and battery project, our company is making a direct contribution to this ambition and to the energy transition in Kazakhstan,” remarked Patrick Pouyanné, Chairman and CEO of TotalEnergies. “The signing of this Agreement on Investment will allow us to launch the Mirny project, helping TotalEnergies triple its power generation from 33 TWh to more than 100 TWh by 2030.”

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