COP28: TotalEnergies Indicators Settlement On Funding For Its 1 GW Wind Energy Mission In Kazakhstan

On the event of the COP28 in Dubai, in presence of the President of Kazakhstan, Patrick Pouyanné and the Minister of Vitality of Kazakhstan signed the Settlement on Funding (AoI) for TotalEnergies’ Mirny mission. Largest wind power mission ever initiated in Kazakhstan, Mirny will provide greater than 1 million individuals with low-carbon electrical energy and can keep away from the emission of three.5 million tons of CO2yearly within the nation.

The Mirny mission goals to construct a 1 GW onshore wind farm of as much as 160 generators mixed with a 600 MWh battery power storage system for a dependable energy provide. Mirny represents an funding of about $1.4 billion and is a major instance of TotalEnergies’ potential to leverage its place as a serious associate within the upstream sector to hurry up the event of renewable power in Oil & Fuel nations.

This Settlement on Funding comes after the signature in June 2023 of a Energy Buy Settlement (PPA) for the Mirny mission, the primary to be signed within the nation for a wind mission of such scale. TotalEnergies will develop the Mirny mission in partnership with the Nationwide Wealth Fund Samruk-Kazyna and the Nationwide Firm KazMunayGas, which can every personal a 20% stake within the mission.

“At COP28, greater than 110 nations dedicated to tripling renewable power capability by 2030. TotalEnergies helps this name. With this revolutionary wind and battery mission, our Firm is making a direct contribution to this ambition and to the power transition in Kazakhstan”, stated Patrick Pouyanné, Chairman and CEO of TotalEnergies. “The signing of this Settlement on Funding will permit to launch the Mirny mission, which can assist TotalEnergies triple its energy era from 33 TWh to greater than 100 TWh by 2030.”