Taihan and Hanwha Solutions have entered into an MoU to advance the “Global TOP Project” jointly.

This MoU forms a strategic partnership geared toward future growth engines. To emerge as the top tier of global businesses, the partners have committed to working together on product development, commercialisation, acquiring certifications, and expanding their market reach. To this end, both parties are determined to provide full support through their respective core capabilities and technological expertise.

Together, they will focus on the development and certification of crucial materials, including cross-linked polyethylene (XLPE) insulation used in high-voltage direct current (HVDC) and submarine cables, as well as extra-high-voltage (EHV) cables. The goal is to localise the production of materials and achieve technological independence, thereby enhancing the competitive advantage of Taihan’s cable products.

In addition, the companies are set to bolster their cooperation in the eco-friendly energy sector. Through strategic alliances in the offshore wind power and solar energy sectors, they plan to foster tight-knit business and information exchanges while exploring new opportunities.

Source: https://www.taihan.com/
Image source: Courtesy of Taihan

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