The preparation of double-cable polymers, which consist of a hole conducting conjugated chain carrying pendant electron accepting/conducting moieties, is a promising strategy to prevent donor/acceptor phase segregation and to achieve defined microscopic structure in organic bulk heterojunction solar cells. In this paper we report the electrochemical synthesis and the investigation of a double-cable consisting of a polythiophene backbone bearing, via covalent bonds, electron accepting tetracyanoanthraquinodimethane (TCAQ) type moieties. Electrochemical studies and UV- VIS absorption spectroscopy reveal, that in dark, the polythiophene chain and the TCAQ moieties retain their individual ground-state properties. Upon illumination photoinduced electron transfer occurs, which is studied by photoinduced VIS-NIR absorption spectroscopy.