# Enersense and Siemens Energy form JV for synchronous compensator stations in Latvia

Enersense SIA and Siemens Energy formed a joint venture to supply and install three synchronous condensers for Latvian transmission system operator Augstsprieguma tīkls AS. The total contract value is EUR 114 million.

- Type: Contract
- Announced: 2022-10-11
- Where: Ventspils, Līksna, Grobiņa, Latvia, Latvia
- Value: $110.0M (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

- [cobalt.legal](https://www.cobalt.legal/news-cases/cobalt-advised-enersense-on-the-formation-of-a-joint-venture-with-siemens-energy-for-the-project-to-build-synchronous-compensator-stations-in-latvia-2/), 2023-06-13: "The total contract value is EUR 114 million."

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