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At COP28 in Dubai, in the presence of the President of Kazakhstan, Patrick Pouyanné and the Minister of Energy of Kazakhstan signed the Investment Agreement (AoI) for TotalEnergies’ Mirny project. The project, Kazakhstan’s largest-ever wind power project, will provide low-carbon electricity to over a million people and avoid the emission of 3.5 million tonnes of CO2 annually in the country.
The Mirny project aims to build a 1 GW onshore wind farm with up to 160 turbines, combined with a 600 MWh battery energy storage system for reliable power supply. Representing an investment of around $1.4 billion, Mirny is a prime example of TotalEnergies’ ability to use its position as a major partner in the upstream sector to accelerate the development of renewable energies in oil and gas producing countries.
This Investment Agreement follows the signature in June 2023 of a Power Purchase Agreement (PPA) for the Mirny project, the first of its kind in the country for a wind power project of this scale. TotalEnergies will develop the Mirny project in partnership with the Samruk-Kazyna National Wealth Fund and the KazMunayGas National Company, which will each hold a 20% stake in the project.
“At COP28, more than 110 nations pledged to triple 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 Kazakhstan’s energy transition,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “The signing of this Investment Agreement will launch the Mirny project, which will help TotalEnergies triple its energy production from 33 TWh to more than 100 TWh by 2030.”
TotalEnergies’ Mirny project in Kazakhstan represents a major step forward in the renewable energy sector, illustrating the company’s commitment to the energy transition and its support for global sustainable development goals.
