TotalEnergies to invest in $1.2 billion power project in Kazakhstan

The logo of French oil and gas company TotalEnergies is seen at a petrol station in Paris, France, March 25, 2026. REUTERS
April 24 (Reuters) – French energy major TotalEnergies ​on Friday agreed ‌to invest in a ​Kazakhstan-based onshore ​wind and energy storage ⁠project valued ​at $1.2 billion, with ​roughly 75% of it financed externally, ​the company ​said.
The project, code-named “Mirny”, combines ‌one ⁠gigawatt of wind capacity with 600 megawatt ​hours ​of ⁠battery energy storage. ​TotalEnergies expects ​the ⁠project to be fully launched ⁠in ​2029.

Reporting ​by Mateusz Rabiega, editing ​by Milla Nissi-Prussak

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