TotalEnergies Seeks $250m for 1GW Kazak Build

Why It Matters

The financing enables one of Central Asia’s largest renewable projects, accelerating Kazakhstan’s clean‑energy transition and delivering significant CO₂ cuts. It also highlights the EBRD’s role in mobilising capital for high‑impact green infrastructure.

Key Takeaways

• TotalEnergies seeks $250 million EBRD loan for 1 GW wind
• Project includes 140 turbines and 300 MW/600 MWh BESS
• Three 500‑kV lines, 231 km, upgrade two substations
• Expected annual CO₂ reduction of 2.48 million tonnes
• Power purchase agreement ensures all output sold to Kazakh state

Pulse Analysis

Kazakhstan has set ambitious renewable‑energy targets, aiming to source 30% of its electricity from clean power by 2030. TotalEnergies’ Mirny wind farm aligns with this national strategy, offering a substantial boost to the country’s wind capacity. By partnering with local giants NC KazMunayGas and NWF Samruk‑Kazyna, the project leverages domestic expertise while attracting international financing, exemplifying how multilateral banks like the EBRD can de‑risk large‑scale green investments in emerging markets.

The technical scope of Mirny is noteworthy: 140 turbines rated up to 7.7 MW each will be sited in the harsh climate of southeast Kazakhstan, demanding robust design and logistics solutions. Complementing the turbines, a 300 MW/600 MWh battery energy storage system from SAFT will provide grid‑balancing services, smoothing intermittent generation and enhancing reliability. The inclusion of three 500‑kV transmission lines spanning 231 km, alongside upgrades to existing substations, addresses the challenge of evacuating power from a remote location to the national grid, underscoring the project’s integrated infrastructure approach.

From a market perspective, the $250 million senior secured loan signals growing investor confidence in Central Asian renewables. The power purchase agreement with the Financial Settlement Center of Renewable Energy guarantees revenue certainty, making the asset attractive for future debt refinancing or equity participation. As the first power is expected in 2028, the Mirny project will not only cut 2.48 million tonnes of CO₂ annually but also set a precedent for large‑scale wind‑plus‑storage deployments across the region, potentially catalysing further private‑sector involvement in the continent’s energy transition.

TotalEnergies seeks $250m for 1GW Kazak build

6 February 2026

TotalEnergies is seeking finance of up to $250 million from the European Bank for Reconstruction and Development to support the development and construction of its 1 GW Mirny on‑shore wind farm in Kazakhstan.

The developer and its project partners – NC KazMunayGas JSC and NWF Samruk‑Kazyna JSC – plan to install around 140 turbines as well as a 300 MW/600 MWh battery energy storage system (BESS) in the Zhambyl region in southeast Kazakhstan.

The project also includes the construction of transmission infrastructure to evacuate the energy from the facility, including three 500‑kV overhead transmission lines of 231 km length and the upgrade of the existing 500‑kV Shu and Yukgress substations.

The EBRD, which has reviewed the application for the senior secured loan, says the project “is expected to result in significant environmental benefits through introduction of 1 GW of new wind renewable energy capacity corresponding to yearly reduction of 2.48 million tonnes of CO₂ emissions”.

Information published by TotalEnergies and the EBRD shows that the developer intends to install a mixture of Sany and Envision turbine units rated at between 6.5 MW and 7.7 MW, while SAFT will supply the battery.

In June 2023 TotalEnergies signed a power purchase agreement under which all the electricity produced by the Mirny project will be sold to the Financial Settlement Center of Renewable Energy, a public entity owned by the government of Kazakhstan.

TotalEnergies says that the project represents “a real technical challenge” because of its size, the region’s extreme weather conditions, and its distance from the electricity grid.

First power is scheduled for 2028.