TotalEnergies, a French oil and gas company, has signed a power purchase agreement (PPA) to supply electricity generated by Kazakhstan’s 1 GW Mirny wind farm to the state-owned Financial Settlement Centre of Renewable Energy. The wind farm, which will be situated in the country’s Zhambyl region, will have a 600 MWh battery energy storage system to ensure a steady supply of energy. The development of the wind farm is anticipated to cost $1.4 billion total.
The project is being developed by the TotalEnergies subsidiary Total Eren in collaboration with KazMunayGas and Samruk-Kazyna, the country’s sovereign wealth fund. The two Kazakh firms will each own a 20 per cent share in the project. Under the terms of the 25-year PPA, electricity from the wind farm will be sold to the Financial Settlement Centre of Renewable Energy for the national grid. The 200 turbine Mirny wind farm will be the largest wind project in the nation.
In June 2023, TotalEnergies announced plans to develop a 1 GW solar power plant in Iraq to supply electricity to the Basrah regional grid. The project is part of the Gas Growth Integrated Project (GGIP), which aims to enhance the development of Iraq’s natural resources and improve the country’s electricity supply. The project, located in the Artawi oilfield in Basra, received the go-ahead from Electricity Minister Ziad Fadil during discussions with a TotalEnergies delegation in Baghdad.
REGlobal’s Views: As renewable energy takes centerstage globally, new economies in Asia and the MENA region are emerging as attractive hotspots for clean energy investments. TotalEnergies is significantly focusing on expanding its reach in these emerging markets. This new announcement by TotalEnergies comes soon after the one regarding its 1 GW solar plant in Iraq. This massive wind farm in Kazakhstan will cement the company’s position in the country. Meanwhile, the project will greatly help the country to to reach its goal of producing 15 per cent of its electricity from renewable sources by 2030.
