TotalEnergies Accelerates Renewable Energy Development in Kazakhstan with Mirny Wind Farm Agreement

TotalEnergies Accelerates Renewable Energy Development in Kazakhstan with Mirny Wind Farm Agreement

(IN BRIEF) TotalEnergies has signed a Power Purchase Agreement (PPA) for the Mirny wind project in Kazakhstan, marking the country’s largest wind energy initiative. The project involves a 1 GW onshore wind farm and a 600 MWh battery energy storage system, with an investment of $1.4 billion. The electricity generated will be sold to the Financial Settlement Center of Renewable Energy for supply to the national grid, benefiting one million people. TotalEnergies’ successful track record in renewable energy projects in Kazakhstan, including solar farms, demonstrates its commitment to the country’s energy transition. The Mirny project contributes to Kazakhstan’s renewable energy targets and will reduce CO2 emissions.

(PRESS RELEASE) PARIS, 9-Jun-2023 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with over 100,000 employees and presence in more than 130 countries as well as the world’s 3rd-largest low-carbon LNG company, has reaffirmed its commitment to the energy transition in Kazakhstan through the signing of a significant Power Purchase Agreement (PPA) for the Mirny wind project. This landmark agreement marks the country’s first PPA for a wind project of such magnitude. Located in the Zhambyl region, the project aims to establish a 1 GW onshore wind farm paired with a 600 MWh battery energy storage system to ensure reliable power supply. With an investment of approximately $1.4 billion, this project showcases TotalEnergies’ ability to expedite renewable energy development in oil and gas countries, following its success in Iraq.

The electricity generated by the Mirny project will be exclusively sold to the Financial Settlement Center of Renewable Energy, a public entity owned by the Kazakh government, for supply to the national grid, providing electricity to one million people.

The agreement was signed in Astana between Total Eren, a subsidiary of TotalEnergies, and the Financial Settlement Center in the presence of Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Almasadam Satkaliyev, Minister of Energy and Mineral Resources of the Republic of Kazakhstan. TotalEnergies will partner with the National Wealth Fund Samruk-Kazyna and the National Company KazMunayGas, each holding a 20% stake in the project, to develop the Mirny project.

“This project will contribute to the transition of Kazakhstan to the green energy and will be a breakthrough in strengthening French-Kazakh investment cooperation,” said Almassadam Satkaliyev, Minister of Energy and Mineral Resources of the Republic of Kazakhstan.

“As a global energy leader, TotalEnergies is proud to drive the energy transition in Kazakhstan through such an innovative project as Mirny. This wind and battery project will contribute to the supply and security of the Kazakh power grid. I would like to express my sincere gratitude to the Kazakh authorities for their support and collaboration throughout this process. This represents a significant milestone in TotalEnergies’ multi-energy strategy. TotalEnergies will bring its expertise in managing large-scale projects to make it a success, ” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

The Mirny project, featuring approximately 200 wind turbines, represents the largest wind energy initiative ever undertaken in Kazakhstan. Supported by both Kazakh and French authorities, it will significantly contribute to Kazakhstan’s goal of achieving 15% of electricity from renewable sources by 2030. Moreover, the project will avoid the emission of around 3.5 million tons of CO2 annually throughout the duration of the PPA.

Total Eren, with a successful track record in renewable energy projects in Kazakhstan, has played a vital role in diversifying the country’s energy mix and reducing carbon emissions. Notably, the company successfully developed, financed, built, and commissioned two solar photovoltaic farms, M-KAT and Nomad, in 2019. These farms, located in the Zhambyl and Kyzylorda regions, have contributed significantly to Kazakhstan’s renewable energy landscape.

TotalEnergies’ commitment to the Mirny wind project underscores its dedication to advancing renewable energy in Kazakhstan and strengthening the country’s position in the global energy transition.