Taihan Cable Wins 115 Billion Won 380 kV Supply Deal in Germany
Taihan Cable & Solution signed the 115 billion won supply contract with its Dutch subsidiary, running to Aug. 14, 2030; the German client and total turnkey value are undisclosed.
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Taihan Cable & Solution's supply contract with its Dutch subsidiary is worth about 115 billion won; the German client and total turnkey value are undisclosed.
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Taihan Cable & Solution said in a regulatory filing on Oct. 27 that it signed a supply contract worth about 115 billion won ($87 million, by the Korea Times conversion) for a 380-kilovolt (kV) underground power grid project in Germany, with the contract running through Aug. 14, 2030.
The 115 billion won contract covers cables and joints from the parent; the Dutch subsidiary handles engineering and construction, according to The Elec and Korea Herald.
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The 115 billion won is not the value of the whole project. According to The Elec, the Korean parent signed the contract with its Dutch subsidiary, Taihan Netherlands B.V., which won the German project on a turnkey basis, meaning one contractor delivers it from start to finish. The subsidiary oversees local engineering, construction and project management, while the parent manufactures and supplies the extra-high-voltage cables, joints and accessories. The Korea Herald and Seoul Economic Daily both report that the total turnkey value is higher, and that Taihan has not disclosed it or the client, citing a confidentiality agreement.
For grid planners, the order is another sign that European transmission operators are buying underground extra-high-voltage links, and that cable makers are being asked to commit capacity years ahead. A contract window that runs to August 2030 gives a rough idea of the delivery horizon for this type of AC cable system. Taihan itself ties European demand to grid investment as AI applications and data centers raise electricity consumption, according to the Korea Herald; the company has not said that this project serves data-center load.
What the Taihan 380 kV Order Covers
The project is a 380 kV underground alternating-current (AC) transmission network. The Korea Times, citing the company, describes 380 kV as the highest voltage used in Germany's underground AC grid. Taihan previously won two 380 kV projects in Germany in January 2023, and Seoul Economic Daily reports the company credits that track record for the new order.
Taihan said it has secured more than 500 billion won in new orders across Europe this year, including Germany, Denmark and the UK. It entered Europe in 2017 with a UK branch, set up its Dutch subsidiary in 2019, and now runs five branches and one subsidiary in the region, according to the Korea Herald.
Where the Order Sits in the Cable Supply Chain
Cable supply is a known constraint on grid build-out. As Voltgrid reported, Nexans said a new XLPE cable line takes about three years to bring online. Orders like Taihan's, with delivery stretching to 2030, show how long suppliers' order books are being filled.
What Taihan Has Not Confirmed
Taihan has not named the German client, the route, the length of the line or the total project value. The filing covers only the parent's supply contract with its subsidiary. Exchange-rate conversions of the 115 billion won differ between outlets, from about $80 million to about $87 million, so the won figure is the one to rely on. Taihan said it will pursue further orders in high-voltage direct current (HVDC) transmission and submarine cables, but it gave no specific projects or timing.
