Overview
- TotalEnergies approved the final investment decision for the Mirny onshore wind farm in Kazakhstan, a $1.2 billion project rated at 1 gigawatt with a 600 megawatt-hour battery.
- The company will hold a 60% stake, with KazMunayGas and Samruk Energy each taking 20% in the venture.
- Mirny will be folded into a 50/50 renewables partnership with Masdar, with about 75% of project costs covered by external lenders and full capacity expected in 2029.
- The decision comes as TotalEnergies contests a $4.6 billion environmental fine and other cost disputes tied to the Kashagan offshore oilfield.
- The project supports Kazakhstan’s goal to lift renewables to 15% of power by 2030 and aligns with TotalEnergies’ plan to grow from about 31 GW toward 100 GW of capacity by 2030.