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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.
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