Taihan announced on March 3 that its U.S. corporation, T.E.USA, has won an order for an ultra-high-pressure power grid supply project.
It is a large project worth about 60 billion won (some $50 million), and it is the result just in 15 days after winning a three-year long-term project in the U.S. in the middle of last month.
The project calls for supplying a 230kV underground power grid, and it is an important project that connects large-scale offshore wind farms and power systems to stabilize power supply and demand in large cities.
As the U.S. government's policy to expand new and renewable energy, including offshore wind power, is in full swing, this joint project is expected to be a positive factor in expanding Taihan's orders in the future.
A Taihan official said, "As the US subsidiary is actively participating in the bidding, the order volume this year is expected to greatly exceed that of last year."
He added, “By establishing a new subsea cable plant in Dangjin, Chungcheongnam-do, we will speed up our attack on the continuously expanding US offshore wind power market.”