Taihan Cable and Solution has won an additional order to build a 380-kilovolt ultra-high-voltage power grid in Germany, worth more than 115 billion won, through its Dutch subsidiary on a turnkey basis, taking its European orders this year past 500 billion won.
Taihan Cable and Solution has won an additional order to build an ultra-high-voltage power grid in Germany worth more than 115 billion won, about $80 million, continuing its push into the European grid market.
The company's Dutch subsidiary won the contract to build a 380-kilovolt ultra-high-voltage power grid in Germany on a turnkey basis, handling the project from design to materials procurement and construction. The Dutch unit will oversee local design and construction, while Taihan's headquarters will supply core materials including ultra-high-voltage cables and accessories, having signed a 115 billion won supply contract with the subsidiary on the same day.
The 380-kilovolt grid is the highest voltage among Germany's underground alternating-current transmission networks, and Taihan had already won two contracts in Germany in 2023 to build power grids at the same voltage, a track record the company credits for the additional order. Taihan has now secured more than 500 billion won in new orders in Europe alone this year.
This is a single-source company announcement carried by Seoul Economic Daily, citing Taihan and a regulatory filing, with no German client named in the report and no independent confirmation from the customer to report. The value figure also needs care: the total order value, including design and construction, exceeds the 115 billion won supply contract, but the company did not disclose the exact total under a confidentiality agreement with the client, so this story reports the order as worth more than 115 billion won rather than giving a precise total.
Taihan entered the European market with a United Kingdom branch in 2017 and has since expanded in Germany, Denmark and the United Kingdom, and it says rising investment in European power grids, driven in part by artificial intelligence data centres, is opening further work. The company plans to expand orders in high-voltage direct current transmission and submarine cables, making the German grid order a marker of whether its European turnkey model can keep converting past projects into repeat business.