Taihan Cable & Solution wins turnkey contract for Germany's 380kV power grid

Taihan Cable & Solution announced Tuesday that its Dutch subsidiary, Taihan Netherlands B.V., has secured a turnkey contract for a 380-kilovolt extra-high-voltage power grid project in Germany.

Under the arrangement, Taihan Netherlands B.V. will oversee the entire project, including local engineering and construction, while the Korean headquarters will produce and supply core materials such as extra-high-voltage cables and accessories.

As part of the deal, Taihan Cable & Solution's headquarters signed a contract worth about 115 billion won ($86.8 million) with its Dutch subsidiary, covering material supply and related work. The total turnkey contract value held by the Dutch unit — which includes local engineering and construction — exceeds that figure. The full contract value and the identity of the client will not be disclosed under a confidentiality agreement.

The project involves building a 380kV underground AC power network, the highest voltage level in Germany's underground grid. Taihan Cable & Solution had previously demonstrated its competitiveness in January 2023, when it won two consecutive 380kV extra-high-voltage power grid contracts in Germany.

The company has been on a winning streak in Europe this year. In June, it signed a contract worth 65 billion won to supply an extra-high-voltage cable system in the United Kingdom, and has continued to secure orders in Germany, Denmark and other markets. New orders from Europe alone have surpassed 500 billion won this year.

"We will further strengthen cooperation with customers and partners in Europe, deepen our understanding of local markets and enhance our project capabilities," a company official said. "Building on the trust we have established in the extra-high-voltage power grid sector, we will expand business opportunities in HVDC and submarine cable fields and convert them into new orders."