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Taihan won the contract for the supply of submarine cables for the Yeonggwang Nakwol Project
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Taihan won the contract for the supply of submarine cables for the Yeonggwang Nakwol Project
- Demonstrates Competitiveness by Securing Multiple Large-Scale Offshore Wind Projects in Korea
- Production to Start Immediately After Completion of Phase 1 of Submarine Cable Plant in Dangjin
- Plans to Lead the Market by Constructing a Second Submarine Cable Plant Dedicated to HVDC Submarine Cables
Taihan Cable & Solution is accelerating
its achievements in the submarine cable sector.
On the 17th, Taihan Cable & Solution announced
that it had won the contract to supply submarine cables for the Yeonggwang
Nakwol Offshore Wind Farm project. The company will provide the entire supply of
internal submarine cables and related materials.
The Yeonggwang Nakwol Offshore Wind Farm
project is a large-scale offshore wind power initiative located near Songi
Island, off the coast of Nakwol-myeon, Yeonggwang County, Jeollanam-do. The total
facility capacity is 365MW, and 64 wind turbines, each with a capacity of 5.7
MW, will be installed.
Taihan will supply internal submarine cables that connect the wind turbines, as well as cables that connect the wind farm to a new substation on Songi Island. These submarine cables will be produced at the first phase of the Dangjin submarine cable plant in Chungcheongnam-do, which is scheduled to begin full operation early next year.
A representative from Taihan Cable &
Solution commented, "This contract ensures a significant volume of
production that will commence immediately after the completion of Phase 1 of
the submarine cable plant," adding, "We are rapidly achieving results
in the submarine cable sector by leveraging our existing experience,
technology, and network."
The representative also added, "With
the Yeonggwang Nakwol project as a catalyst, we will actively participate in
various offshore wind projects being developed in Korea, contributing to the
stabilization of the submarine cable supply chain. Furthermore, we aim to boost
our export competitiveness by using this as a stepping stone to expand into the
growing offshore wind markets in Europe, the U.S., and beyond."
In response to the growing global demand for submarine cables, Taihan is constructing a dedicated submarine cable plant in the hinterland of the Godeok Pier in Dangjin, Chungcheongnam-do. Currently, Phase 1 of Plant 1 is under construction, and the second phase will begin in March 2024. The company plans to build a second submarine cable plant from 2025, with the goal of producing 345kV external network and 525kV HVDC submarine cables by 2027, positioning itself to lead the expanding market.
