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TotalEnergies approves $1.2B Mirny wind and battery project in Kazakhstan, powering 1 million people.

Technical Signals
24 Apr 2026
Lekha Gupta
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Neutral
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TotalEnergies SE has approved a $1.2 billion investment for the Mirny wind and battery project in Kazakhstan, with 75% of funding secured from external lenders. The project combines 1 GW of onshore wind capacity with a 600 MWh battery system to enhance grid reliability and is expected to generate 100 TWh of electricity over 25 years, enough to power roughly 1 million people. TotalEnergies holds a 60% stake alongside local partners. The stock trades near its 52-week high, with earnings expected on April 29, 2026, and analysts maintaining a hold rating with mixed momentum and value signals.

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