Taihan Wins 380kV Underground Grid Project in Germany

Taihan Cable & Solution's Netherlands subsidiary secured the 380kV extra-high-voltage power grid project in Germany on October 27. The Netherlands subsidiary will manage the project, while the headquarters will manufacture and supply crucial materials like extra-high-voltage cables and joints. The company announced a materials supply contract worth KRW 115.0 billion ($84.4 million) with the Netherlands subsidiary on the same day.

The exact value of the turnkey order and the client's identity remain undisclosed under a non-disclosure agreement, but they are believed to surpass the headquarters' supply amount. The project involves the construction of a 380kV-class network, which is the highest voltage level among underground power grids in Germany. Earlier this year, Taihan Cable & Solution won two additional 380kV extra-high-voltage power grid projects in Germany.

The company's success in the European market has grown significantly this year, with the Netherlands subsidiary winning a series of large-scale projects in Germany, Denmark, and the United Kingdom, resulting in over KRW 500.0 billion in new orders in Europe alone. The company's growth can be attributed to its timely response to local market conditions, driven by the rising demand for extra-high-voltage power infrastructure due to the proliferation of artificial intelligence (AI) and the expansion of data centers.

A company official expressed that Taihan Cable & Solution is continuing to enhance its understanding of local markets and business capabilities, confident that its established relationships with customers will lead to further success in the next-generation power grid sector.