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Photo) 1. Overview of the Anma Offshore Wind Farm and Taihan’s Submarine Cable Supply Scope   Photo) 2. The "PALOS" Cable Laying Vessel—Deployed for Major Offshore Wind Projects in Korea​​   Taihan Secures 181.6 Billion KRW Turnkey Contract for Anma Offshore Wind Power Project, Marking Major Progress in Korea’s Offshore Wind Market - Proven Full Turnkey Competence in Submarine Cables: From Design to Production, Transport, and Installation- To Be Manufactured at the Recently Completed Dangjin Submarine Cable Plant 1; Installed by Korea’s Sole CLV, “PALOS”- Extensive Experience and Track Record from Successive Offshore Wind Projects- Expanding 640kV HVDC Production Infrastructure to Prepare for the “West Coast Energy Highway Taihan has once again demonstrated its comprehensive competitiveness in the submarine cable sector by winning a large-scale offshore wind contract. On August 4, Taihan announced the signing of a turnkey contract to supply and install over 100km of inter-array submarine cables for Korea’s largest offshore wind development, the Anma Offshore Wind Power project. The contract, valued at approximately KRW 181.6 billion (VAT included), runs until the end of 2028. The Anma Offshore Wind Power project involves constructing a 532MW wind farm on the west coast of the Anma Archipelago in Yeonggwang-gun, Jeollanam-do, covering an area of 83.9 million square meters. Anticipated annual output is 1,400GWh—enough electricity to power 1.4 million people each year. For this project, Taihan will oversee the entire turnkey process, including the design, manufacturing, transportation, and installation of inter-array cables, which link turbines and connect turbines to offshore substations. As wind farms scale up, cable volumes grow commensurately. All submarine cables will be produced at the recently completed Dangjin Submarine Cable Plant 1. For cable laying operations, Taihan will utilize “PALOS,” Korea’s only cable laying vessel (CLV). Previously, Taihan participated in key domestic offshore wind projects such as Yeonggwang Nakwol and Southwest Offshore Wind, accumulating technological expertise and project execution capabilities. The “PALOS” vessel was deployed for the Yeonggwang Nakwol project, proving its outstanding performance on Korea’s West Coast. A Taihan spokesperson commented, “Leveraging our submarine cable competitiveness built since 2009, Taihan is achieving rapid results in Korea’s offshore wind segment. By consistently strengthening our turnkey capabilities, we aim to contribute to supply chain stability for Korea’s offshore wind expansion and the West Coast Energy Highway, while also enhancing export competitiveness as we actively join growing offshore wind projects in Europe and Asia.” To meet fast-growing domestic and international demand, Taihan is steadily strengthening its production and installation capacity. Submarine Cable Plant 1 will supply both inter-array and export cables for offshore wind, and, as of July 16, Taihan has approved investment in Submarine Cable Plant 2, capable of producing 640kV HVDC and 400kV HVAC cables. Construction on Plant 2 is set to begin this year, with operations targeted for 2027.​ 

Taihan signed an MOU with Ocean Winds to collaborate on the Offshore Wind Power ProjectOn the 27th, Taihan signed an MOU with Ocean Winds (OW), a Spanish company specializing in offshore wind power generation, to collaborate on the 1,125MW “Hanbando Offshore Wind Power Project ” in the Incheon exclusive economic zone. The two parties will leverage this agreement to amplify synergies in the Hanbando Offshore Wind Power Project and explore diverse avenues for joint growth. They agreed to cooperate in various fields, including stabilizing the supply chain of submarine cables, identifying market trends, and exchanging information related to the project. Furthermore, they plan to maintain a close partnership in the mid-to-long term, enhance personnel exchanges, and extend the scope of cooperation. This MOU was concluded during the “APAC Wind Energy Summit,” the first international offshore wind power exhibition in Korea, held in Songdo, Incheon, from November 26 to 28. 

<Taihan’s newly acquired cable laying vessel > Offshore Wind Power Business Sailing SmoothlyTaihan Acquired “Korea’s Only Cable Laying Vessel for Offshore Wind Power”- A 6,200-ton CLV specialized for submarine cables, capable of self-propulsion and dynamic positioning- Future-proofing business and securing revenue sources amid expected shortages of cable ships- Emerging as a total solution provider covering both underwater cable production and installationTaihan Cable & Solution is gearing up to leap forward as a total solution provider capable of laying submarine cables. On December 20th, , led by CEO Song Jong-min, announced the acquisition of a 6,200-ton cable laying vessel, or CLV. Korea’s only CLV designed for offshore wind power, is equipped with advanced features such as self-propulsion and a dynamic positioning system (DP2). The vessel can load up to 4,400 tons of submarine cables at once.  This acquisition positions Taihan competitively in turn-key projects that span from submarine cable production to laying. As there are only a few cable manufacturers with cable-laying capabilities, Taihan is set to lead in the burgeoning offshore wind power industry globally. Furthermore, the increasing demand for submarine cables is likely to cause a shortage of cable layers, leading to higher charter rates for such vessels. Owning this vessel positions Taihan favorably to undertake projects steadily and tap into new revenue sources. A cable laying vessel is specifically designed for submarine cables. Therefore, it outperforms cable laying barges, or CLB, converted barges originally used for carrying cargo.  Capable of sailing at 9 knots on average under its own power, the CLV can transport and lay cables much faster that CLBs, which mostly rely on tugboats. This efficiency is especially beneficial for distant projects in regions like Europe and the Americas. The vessel also boasts high stability in rough seas and resistance to severe weather conditions.  In addition, a dynamic positioning system (DP2) mounted on the vessel automatically maintains its designated position for hours, allowing for precise cable installation and stable navigation.   Taihan is planning to make full use of this vessel first for the Yeonggwang Nakwol Offshore Wind Power Project it recently won, and later, the Anma Offshore Wind Power Project. In January next year, the company will collect suggestions from its employees in naming the vessel. A company official said, “As this CLV meets the global standard for the European offshore wind power market, it opens up various business opportunities in the global market.” The official added, “We will work to leap forward as a total solution provider in the global submarine cable market through aggressive investments, including the construction of a second submarine cable plant for HVDC and export cables, and expanding our sales network both in Korea and internationally.”  

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 CablesTaihan 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.​  

Submarine cables are cables installed on the submarine to transport power, and demand is rapidly increasing as renewable energy generation expands.
Starting with the Yeosu project in 2009, Taihan has supplied submarine cables to global projects such as Russia, Australia, and Vietnam, and has also supplied and constructed submarine cables for R&D projects and demonstration projects for the West South offshore wind farm. By successfully carrying out these domestic and international projects, we have built up a high level of technological prowess and competitiveness.
Taihan is also focusing on technology development to actively respond to diversifying demand. We have developed a 154kV external EHV submarine cable for power transmission and obtained international certification, and are developing HVDC submarine cables and dynamic submarine cables.