Taihan Cable Expands Offshore Presence in Europe... Partners with Major Players in Belgium and the Netherlands for HVDC Collaboration

MOUs for Submarine Cables Signed at the Korea-EU Energy Forum
Alliance Formed with Global Construction Leaders Jan De Nul and Boskalis
Turnkey Capabilities Accelerated with Second Dangjin Plant and Additional Cable-Laying Vessel

Taihan Cable is accelerating its efforts to penetrate the next-generation power transmission market by partnering with major European offshore infrastructure companies one after another.

On June 11, Taihan Cable announced that it had signed separate memoranda of understanding (MOUs) for cooperation in the high-voltage direct current (HVDC) submarine cable sector with Jan De Nul of Belgium and Boskalis of the Netherlands. The agreements were signed during the Korea-EU Energy Transition Win-Win Cooperation Forum, held in Brussels, Belgium, to coincide with President Lee Jaemyung's state visit to the European Union (EU).

(From left) Song Jongmin, Vice Chairman of Taihan Cable; Kim Seonghwan, Minister of Climate, Energy and Environment; Steve Marshall, Head of the Boskalis Business Division. Ministry of Climate, Energy and Environment

The forum, hosted by the Ministry of Climate, Energy and Environment, was organized to help Korean companies expand their market presence in the European power sector, where demand for renewable energy deployment and replacement of aging transmission and distribution networks is surging. The event brought together key European power operators and infrastructure companies, such as Siemens, RWE, and TenneT, as well as Korea Electric Power Corporation and Korea Power Exchange. Among domestic power equipment manufacturers, Taihan Cable was the only company to secure a substantive business partnership agreement, demonstrating its high level of trust in the global market.

Jan De Nul and Boskalis, Taihan Cable's partner companies under the agreements, are leading players with world-class engineering capabilities in offshore wind farm development and submarine projects. Taihan Cable plans to combine its advanced HVDC cable manufacturing technology with these companies' unrivaled offshore construction expertise to deliver a "total solution" covering everything from route design and manufacturing to final installation. The company expects this strategy to generate a chain of successful bids in the rapidly growing global HVDC submarine cable market through powerful synergy.

Paek Jongmin, Vice Chairman of Taihan Cable, commented, "This forum has provided us with an opportunity to strengthen cooperation with outstanding European companies and secure new growth momentum in the global market. In particular, these agreements are expected to enhance the global competitiveness of Korea's power and energy industry, boost the technological and business capabilities of the HVDC power grid sector, and expand the role and status of Korean companies on the world stage."

Currently, Taihan Cable is ramping up investment in infrastructure to gain an early lead in the next-generation HVDC market. The company is building a second plant in Dangjin, Chungnam Province, equipped with the capability to produce 640kV-class high-voltage submarine cables. In addition to already operating Korea's only cable-laying vessel (CLV), the Palos, it recently received delivery of the Scandi Connector, a 10,000-tonne specialized vessel, significantly strengthening its construction capacity. As a result, the company has further enhanced its turnkey competitiveness, enabling it to carry out everything from production and maritime transportation to on-site installation in a seamless process.

This content was produced with the assistance of AI translation services.