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StocksMediumUpdated•Originally published 24 April 2026•Updated 24 April 2026•

1 min read

TotalEnergies to Invest $1.2 Billion in Kazakhstan Wind and Storage Project

Key Facts

1French energy major TotalEnergies agreed to invest in a Kazakhstan-based onshore wind and energy storage project valued at $1.2 billion.

2Roughly 75% of the project will be financed externally, according to the company.

TotalEnergies has reached a Final Investment Decision (FID) for the $1.2 billion 'Mirny' wind and energy storage project located in southeast Kazakhstan. A key milestone in this development is the signing of a 25-year Power Purchase Agreement (PPA) with the Government of Kazakhstan, ensuring long-term revenue stability. The project is slated to produce 100 TWh of electricity, sufficient to power approximately 1 million people. Approximately 75% of the total investment will be covered through external financing, optimizing the company's capital structure for large-scale infrastructure. This strategic move reinforces TotalEnergies' commitment to the energy transition and its expansion into Central Asian renewable markets. The Mirny project stands as a significant addition to the firm's global green portfolio, backed by sovereign-level agreements.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Confirmation of the Final Investment Decision (FID), identification of the 'Mirny' project name, and announcement of a 25-year PPA.