TotalEnergies has approved its $1.2 billion Mirny wind and battery storage project in Kazakhstan, moving one of the country’s largest renewable energy investments into the execution phase.
The project will be built in the Zhambyl region and will combine 1 GW of wind power with a 600 MWh battery energy storage system.
Around 75% of the project financing has been secured externally, reducing direct funding pressure while showing lender support for the asset. TotalEnergies will use battery technology from Saft, its wholly owned subsidiary, adding an internal supply chain benefit to the project.
Global Opportunities Trust also holds TotalEnergies in its portfolio, giving investors a direct link to the company through the trust’s exposure. The holding reflects TotalEnergies’ appeal as a diversified energy group with both established oil and gas operations and growing renewable power assets.
Global Opportunities Trust plc LON:GOT) invests globally in undervalued asset classes without reference to the composition of any stock market index.
