News
© EPH
EUROPE
Flexible Power in Europe: TotalEnergies Completes a Major Acquisition
TotalEnergies has completed the acquisition of a 50% stake in EPH’s flexible power generation platform in Western Europe. Approved by all competent authorities and by the Boards of Directors of both TotalEnergies and EPH, this transaction leads to the creation of TTEP, the second-largest flexible power generation player in Europe, headquartered in Amsterdam.
Through its subsidiaries, TTEP owns and operates flexible natural gas- and biomass-fired power plants, as well as battery energy storage systems (BESS), across Italy, the United Kingdom, Ireland, the Netherlands and France, representing a total capacity of 14 GW installed or under construction. Its electricity production reached close to 30 TWh in 2025.
TotalEnergies and EPH have entered into tolling contracts with TTEP, allowing each partner to market its share of electricity production.
With a project portfolio of 5 GW, TTEP will serve as the preferred investment vehicle for both shareholders to develop their flexible power generation activities and large-scale battery storage solutions across the five countries concerned.
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© TANKHA Ishan - Elephant at work – TotalEnergies
KAZAKHSTAN
Final Investment Decision for a Giant Wind and Battery Project
TotalEnergies has taken the Final Investment Decision (FID) and secured financing for the Mirny onshore wind and battery energy storage project in Kazakhstan. With a capacity of 1 GW of wind and 600 MWh of batteries, it is one of the country’s largest renewable energy projects.
Located in the southeast of the country, Mirny is expected to generate around 100 TWh of renewable electricity over 25 years—enough to supply approximately 1 million people. The electricity produced will be sold to the Government of Kazakhstan under a 25-year Power Purchase Agreement (PPA) signed in 2023. Representing an investment of $1.2 billion, the project is financed at around 75% through external funding.