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Cobalt Advises Enersense on Joint Venture with Siemens Energy

Cobalt Advises Enersense on Joint Venture with Siemens Energy

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Cobalt has advised energy infrastructure contractor Enersense SIA on the formation of a joint venture with Siemens Energy Global.

Enersense SIA is a Latvian subsidiary of Enersense, an international group of energy and technology companies. 

According to Cobalt, “the joint venture was formed to supply and install three synchronous condensers for Latvian transmission system operator Augstsprieguma Tikls. The total contract value is EUR 114 million.”

According to the firm, “the construction of synchronous condensers is one of the projects to strengthen the transmission system infrastructure. This project is necessary for the synchronization of the Baltic electricity system with Continental Europe, which is planned for 2025. The synchronous condensers will be installed in three substations of the power transmission system – Ventspils, Liksna, and Grobina, all located in Latvia.”

Cobalt’s team included Partner Gatis Flinters and Senior Associate Martins Tarlaps.

Cobalt did not respond to our inquiry on the matter.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.