# Fingrid awards STATCOM contract to Siemens Energy

Fingrid Oyj awarded a €64.8 million turnkey contract to Siemens Energy Oy for two 300 Mvar STATCOMs at Kristinestad and Anttila substations in Finland. The project delivery period is July 2024 to July 2028.

- Type: Contract
- Announced: 2024-08-13
- Where: Kristinestad and Anttila substations, Finland
- Value: $71.0M (64.8M EUR)
- Status: announced
- Capacity: two 300 Mvar STATCOMs
- Products: STATCOMs, control and protection systems, transformers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md) (supplier)
- [Fingrid](https://endata.com/companies/41426.md) (customer)

## Sources

- [tenderroster.com](https://tenderroster.com/en/notice/486771-2024/), 2024-08-13: "Fingrid Oyj has purchased two 300 Mvar STATCOMs to Kristinestad and Anttila substations as a turnkey contract."

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