(BRIEF) TotalEnergies signed an Investment Agreement (AoI) for its Mirny project at COP28 in Dubai. The project, the largest wind energy initiative ever undertaken in Kazakhstan, will supply low-carbon electricity to more than one million people and reduce CO2 emissions in the country to 3. 5 million tonnes per year. Mirny’s project involves the construction of a 1 GW onshore wind farm with up to 160 turbines and a 600 MWh battery energy storage formula to ensure a reliable power supply. With an investment of approximately $1. 4 billion, TotalEnergies is partnering with the Samruk-Kazyna National Wealth Fund and national company KazMunayGas, either of which has a 20% stake in the task. The task is part of TotalEnergies’ commitment to the development of renewable energy and provides a contribution to Kazakhstan’s power transition goals.
(PRESS RELEASE) PARIS, December 5, 2023 — /EuropaWire/ — At the request of COP28 in Dubai, in the presence of the President of Kazakhstan, Patrick Pouyanné and the Minister of Energy of Kazakhstan, the Investment Agreement (AoI) was signed to TotalEnergies’ Mirny Project. The largest wind energy project ever announced in Kazakhstan, Mirny will supply more than one million people with low-carbon electricity and emit 3. 5 million tonnes of CO2 per year in the country.
Mirny’s assignment aims to build a 1 GW onshore wind farm comprising up to 160 turbines combined with a battery power garage formula of six hundred MWh for a reliable power supply. Mirny represents an investment of approximately $1. 4 billion and is an example of TotalEnergies’ ability to capitalize on its position as a leading partner in the upstream sector to drive the advancement of renewable strength in oil and fuel countries.
This Agreement on Investment comes after the signature in June 2023 of a Power Purchase Agreement (PPA) for the Mirny project, the first to be signed in the country for a wind project of such scale. 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.
“At COP28, more than 110 countries pledged to triple their renewable energy capacity by 2030. TotalEnergies supports this call. With this state-of-the-art wind and battery project, our company is contributing to this ambition and the energy transition in Kazakhstan,” said Patrick Pouyanné, President and CEO of TotalEnergies. The signing of this investment agreement will enable the release of the Mirny project, which will allow TotalEnergies to triple its electricity production from 33 TWh to more than 100 TWh by 2030. “
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