REG-TotalEnergies SE COP28: TotalEnergies Signs the Agreement on Investment for its 1 GW Wind Power Project in Kazakhstan

TotalEnergies SEAnnouncement

04/12/2023 08:30

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COP28: TotalEnergies Signs the Agreement on Investment for its 1 GW Wind Power
Project in Kazakhstan

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE):

On the occasion of the COP28 in Dubai, in presence of the President of
Kazakhstan, Patrick Pouyanné and the Minister of Energy of Kazakhstan signed
the Agreement on Investment (AoI) for TotalEnergies’ Mirny project. Largest
wind energy project ever initiated in Kazakhstan, Mirny will supply more than
1 million people with low-carbon electricity and will avoid the emission of
3.5 million tons of CO2 annually in the country.

The Mirny project aims to build a 1 GW onshore wind farm of up to 160 turbines
combined with a 600 MWh battery energy storage system for a reliable power
supply. Mirny represents an investment of about $1.4 billion and is a prime
example of TotalEnergies’ ability to leverage its position as a major
partner in the upstream sector to speed up the development of renewable energy
in Oil & Gas 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 nations committed to tripling renewable energy
capacity by 2030. TotalEnergies supports this call. With this innovative wind
and battery project, our Company is making a direct contribution to this
ambition and to the energy transition in Kazakhstan”, said Patrick
Pouyanné, Chairman and CEO of TotalEnergies. “The signing of this Agreement
on Investment will allow to launch the Mirny project, which will help
TotalEnergies triple its power generation from 33 TWh to more than 100 TWh by
2030.”

***

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and accessible to as
many people as possible. Active in nearly 130 countries, TotalEnergies puts
sustainable development in all its dimensions at the heart of its projects and
operations to contribute to the well-being of people.

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TotalEnergies’ financial results or activities is provided in the most
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TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).

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