# Siemens Energy wins €12.1M Fingrid capacitor bank contract

Fingrid Oyj awarded Siemens Energy Oy a contract worth €12,132,000 for the supply of 400kV 100Mvar and 20kV 50Mvar shunt capacitor banks with damping reactors, with deliveries planned between 2026-2027 to eleven substations in Finland.

- Type: Contract
- Announced: 2024-12-27
- Where: Helsinki, Finland
- Value: $13.2M (12.1M EUR)
- Status: completed
- Products: capacitor banks, damping reactors
- Sectors: [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/796375-2024/), 2024-12-27: "Fingrid Oyj awarded this contract on 27 Dec 2024."

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