# Enersense and Siemens Energy form joint venture for synchronous condensers in Latvia

Enersense SIA and Siemens Energy formed a joint venture to supply and install three synchronous condensers for Latvian TSO Augstsprieguma Tikls, with a contract value of EUR 114 million.

- Type: Partnership
- Announced: 2022-10-18
- Where: Ventspils, Liksna, Grobina, Latvia
- Value: $112.0M (114.0M EUR)
- Status: announced
- Products: synchronous condensers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md) (partner)
- [Enersense](https://endata.com/companies/59065.md) (partner)
- [Augstsprieguma Tikls](https://endata.com/companies/65896.md) (customer)

## Sources

- [ceelegalmatters.com](https://ceelegalmatters.com/latvia/21303-Cobalt-advises-enersense-on-joint-venture-with-siemens-energy), 2022-10-18: "the joint venture was formed to supply and install three synchronous condensers for Latvian transmission system operator Augstsprieguma Tikls"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.