TotalEnergies has announced the signature of a Power Purchase Agreement (PPA) for the Mirny project in Kazakhstan. Located in the Zhambyl region, the project aims to build a 1 GW onshore wind farm combined with a 600 MWh battery energy storage system.
It represents an investment of about $1.4 billion. The electricity to be produced by the Mirny project will be sold in its entirety to the Financial Settlement Center of Renewable Energy (FSC) a public entity owned by the Government of Kazakhstan, for the supply of the national grid. This agreement has been signed in Astana between Total Eren, an affiliate of TotalEnergies, and the FSC. TotalEnergies will develop the Mirny project in partnership with the National Wealth Fund Samruk-Kazyna and the National Company KazMunayGas, which will each own a 20% stake in the project.
