Mirny project secures financing from a consortium of international lenders
Type: Financing · Technology: Hybrid · Country: Kazakhstan · Capacity: 1 GW · Announced: 2026-04-24
The $1.2 billion Mirny project, developed by TotalEnergies, Samruk Energy, and KazMunayGas, will be around 75% externally financed, equating to approximately $900 million. The partners have signed a Common Terms Agreement with a consortium of international lenders. This consortium includes EBRD, Proparco, DBK, DEG, Société Générale, QNB Group, China Construction Bank, and Standard Chartered. The financing will support the development of the 1GW wind and 600MWh battery energy storage system in southeast Kazakhstan.
Counterparties
- DEG (Lender)
- China Construction Bank (Lender)
- QNB Group (Lender)
- DBK (Lender)
- PROPARCO (Lender)
- TotalEnergies (Borrower)
- KazMunayGas (Borrower)
- EBRD (Lender)
- Standard Chartered (Lender)
- Samruk Energy (Borrower)
- Société Générale (Lender)