TotalEnergies Secures Financing for 1 GW Wind Plus 600 MWh BESS Project in Kazakhstan
TotalEnergies has reached FID and secured financing for the 1 GW wind integrated with 600 MWh BESS project in Kazakhstan, backed by a consortium of international lenders. The project's investment amounts to USD 1.2 billion, with about 75 percent externally financed.
April 28, 2026. By Mrinmoy Dey
TotalEnergies and its partners have signed a Common Terms Agreement (CTA) with an international lending consortium, securing a financing framework for the Mirny project. The lending consortium includes EBRD, Proparco, DBK, DEG, Société Générale, QNB Group, China Construction Bank, and Standard Chartered, the company stated.
TotalEnergies holds 60 percent of Mirny, jointly with its partners Samruk Energy and KazMunayGas (20 percent each).
"We are delighted to launch one of Kazakhstan's largest renewable energy initiatives to date, thereby contributing to the country's target of increasing the share of renewables in electricity generation to 15 percent by 2030,” said Olivier Jouny, SVP Renewables at TotalEnergies.
He further added, “This 1 GW onshore wind farm will also contribute to the 9 GW renewables portfolio that we are combining with Masdar through a 50/50 joint venture across nine Asian countries, including Kazakhstan.”
Located in the southeast of the country, Mirny should generate 100 TWh of renewable electricity over 25 years, enough to supply about 1 million people in Kazakhstan. The electricity produced will be sold to the Government of Kazakhstan under a 25-year Power Purchase Agreement (PPA) signed in 2023. The project's investment amounts to USD 1.2 billion, with about 75 percent externally financed, the company stated.
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