Iljin Electric Secures Largest Offshore Wind Contract
Iljin Electric has won the largest power equipment supply project in its history in Britain. Building on the latest contract, the company plans to make a full-scale entry into the European market, following North America and Southeast Asia, and actively target rising global demand for cables and tra
Iljin Electric has secured the largest offshore wind contract in its history, winning a £104 million ($140 million) deal for an extra-high-voltage underground transmission line project in Britain. The company's latest contract follows a £84.5 million ($63.1 million) deal signed in July for the same project, bringing the total value of the two orders to £271.6 million ($202.9 million).
This significant win is a testament to Iljin Electric's growing presence in the European market and its strategic focus on meeting the increasing global demand for cables and transformers for artificial intelligence (AI) data centers.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
