Taihan Cable荷兰子公司再获德国380kV超高压电网turnkey订单 总部供货额约1150亿韩元

Taihan Cable & Solution (001440.KS) has won an additional order to build an ultra-high-voltage power grid in Germany worth more than 115 billion won ($80 million). The company has secured more than 500 billion won in new orders in Europe alone this year, accelerating its push into the regional market.
Taihan Cable said on the 27th that its Dutch subsidiary won the contract to build a 380-kilovolt ultra-high-voltage power grid in Germany on a turnkey basis. Under a turnkey arrangement, a single contractor handles the entire project, from design to materials procurement and construction.
The Dutch unit will oversee local design and construction, while Taihan Cable's headquarters will supply core materials including ultra-high-voltage cables and accessories. The headquarters said in a regulatory filing the same day that it had signed a 115 billion won supply contract with the Dutch subsidiary. The total order value, including design and construction costs, exceeds that figure, but the company did not disclose the exact amount under a confidentiality agreement with the client.
The 380-kilovolt grid that Taihan Cable will build is the highest voltage among Germany's underground alternating-current transmission networks. The company also won two contracts in Germany in 2023 to build power grids at the same voltage. Its track record on those earlier projects led to this additional order.
Taihan Cable entered the European market with the establishment of a U.K. branch in 2017 and has since expanded operations in Germany, Denmark and the U.K. With investment in European power grids rising amid the spread of artificial intelligence data centers, the company plans to expand orders in high-voltage direct current (HVDC) transmission and submarine cables as well.