OREC

Interim report for the first nine months of 2023 – Ceased the development of Ocean Wind 1 and Ocean Wind 2, took final investment decision on Revolution Wind, and impairment losses of DKK 28.4 billion

Retrieved on: 
Tuesday, November 7, 2023
Comment, Hornsea, OREC, DKK, EBITDA, Wind, Partnership, ROCE, Investment, Renewable energy, Bookkeeping

Interim report for the first nine months of 2023 – Ceased the development of Ocean Wind 1 and Ocean Wind 2, took final investment decision on Revolution Wind, and impairment losses of DKK 28.4 billion

Key Points: 
  • Interim report for the first nine months of 2023 – Ceased the development of Ocean Wind 1 and Ocean Wind 2, took final investment decision on Revolution Wind, and impairment losses of DKK 28.4 billion
    Today, Ørsted’s Board of Directors approved the interim report for the first nine months of 2023.
  • Excluding new partnerships, EBITDA amounted to DKK 15.4 billion, DKK 1.0 billion higher than in the same period last year.
  • The majority of these (DKK 19.9 billion) relates to our US offshore project Ocean Wind 1.
  • “Therefore, as part of our ongoing review of our US offshore wind portfolio, we’ve decided to cease the development of Ocean Wind 1 and Ocean Wind 2.

Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments

Retrieved on: 
Tuesday, November 7, 2023
OREC, FID, Eversource Energy, DKK, Government, EBITDA, Carbon, Wind, WACC, Development, Partnership, Investment, Renewable energy

Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments

Key Points: 
  • Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments
    Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project.
  • On 29 August 2023, Ørsted announced anticipated impairments on its US portfolio of up to DKK 16 billion.
  • Ørsted has taken the decision to cease the development of the Ocean Wind 1 and 2 projects.
  • Ørsted has today taken the final investment decision (FID) on the 704 MW Revolution Wind project, which Ørsted owns in a 50/50 partnership with Eversource.

Ørsted announces anticipated impairments on its US portfolio, continues to progress projects

Retrieved on: 
Tuesday, August 29, 2023
Probability, OREC, Sunrise, DKK, Wind, FID, EBITDA, Risk, ROCE, 2020 Formula Regional Americas Championship, CEST, ITC, Tax credit, Block Island Wind Farm, Renewable energy

The Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are adversely impacted by a handful of supplier delays.

Key Points: 
  • The Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are adversely impacted by a handful of supplier delays.
  • Ørsted has concluded that there is a continuously increasing risk in these suppliers’ ability to deliver on their commitments and contracted schedules.
  • These impacts will lead to impairments of up to DKK 5 billion, assuming no further adverse developments in the supply chains on these projects.
  • Furthermore, the US long-dated interest rates have increased, which affect our US offshore projects and certain onshore projects.

Fujitsu launches new 5G vRAN solution, contributing to the realization of flexible, open networks

Retrieved on: 
Monday, February 20, 2023
AR, NTT DOCOMO, Telecommunications, Graphics processing unit, Senior, XR, Augmented reality, Virtual reality, Automated guided vehicle, MWC, Software, MEC, DPU, AGV, AI, NTT, VR, Attention, Omniverse, OREC, GPU, TCO, VDU, CO2, Radio access network, Exhibition, Cryptocurrency, Video game, Network equipment provider, Telecom, Fujitsu, NVIDIA

This enables telecommunication carriers to build a flexible open network with a simple device configuration that can be ramped up with a variety of functions.

Key Points: 
  • This enables telecommunication carriers to build a flexible open network with a simple device configuration that can be ramped up with a variety of functions.
  • With this new solution, Fujitsu aims to contribute to the global expansion of the open 5G network in cooperation with telecom operators including NTT DOCOMO.
  • The construction of more effective and resilient systems represents an increasingly urgent challenge for telecommunications carriers that operate their own networks.
  • In this way, Fujitsu realized a system where various applications can be operated via 5G networks with a simpler all-in-one device configuration than before.

NTT DOCOMO Selects Spirent for O-RAN Ecosystem Testing

Retrieved on: 
Thursday, February 23, 2023
Payments, Technology, Other Technology, Software, Networks, Carriers and Services, Spirent, NTT DOCOMO, SPT, NTT, Ecosystem, LSE, Communication, OREC, Network equipment provider

Spirent Communications plc (LSE:SPT), the leading provider of test and assurance solutions for next-generation devices and networks, today announced that NTT DOCOMO, INC. is using Spirent technology for its 5G Open RAN Ecosystem (OREC) testing.

Key Points: 
  • Spirent Communications plc (LSE:SPT), the leading provider of test and assurance solutions for next-generation devices and networks, today announced that NTT DOCOMO, INC. is using Spirent technology for its 5G Open RAN Ecosystem (OREC) testing.
  • Utilizing Spirent’s O-RAN capabilities, NTT DOCOMO is testing the O-RAN for multi-vendor interoperability and real-world performance to support the implementation of Open RANs.
  • “Customers like NTT DOCOMO have an excellent opportunity to leverage O-RAN to build a true multi-vendor network that drives increased innovation to deliver unique and differentiated services to their customers,” says Doug Roberts, general manager of Spirent Lifecycle Service Assurance.
  • The OREC project leverages NTT DOCOMO ’s expertise and the capabilities of major global vendors.

NTT DOCOMO to Add Fourth Virtualized Base Station to Open RAN Verification Environment

Retrieved on: 
Thursday, September 29, 2022
GM, Hewlett Packard Enterprise, VP, OpenShift, Efficiency, NEC Corporation of America, OREC, Autodesk Media and Entertainment, HPE, INC, Hewlett Packard Enterprise Networking, Technology, Computing, TCO, Red Hat, Ecosystem, NTT DOCOMO, OEM, NEC, NTT, Open, Vran, SVP, RAN, Network equipment, Qualcomm, Telco

TOKYO, Sept 29, 2022 - (JCN Newswire) - NTT DOCOMO, INC. announced today that it will be adding a fourth type of flexible and highly scalable virtualized base station to its verification environment for open radio access networks (Open RAN) that allow equipment and components of various vendors to integrate via standardized specifications.

Key Points: 
  • TOKYO, Sept 29, 2022 - (JCN Newswire) - NTT DOCOMO, INC. announced today that it will be adding a fourth type of flexible and highly scalable virtualized base station to its verification environment for open radio access networks (Open RAN) that allow equipment and components of various vendors to integrate via standardized specifications.
  • The new virtualized base station will combine NEC Corporation's open virtualized RAN software, Red Hat Openshift, Qualcomm Technologies, Inc.'s inline accelerator cards and Hewlett Packard Enterprise's servers.
  • We are pleased to collaborate with NTT DOCOMO and other industry leaders to further accelerate Open RAN."
  • In February 2021, DOCOMO was joined by 12 global equipment vendors in establishing the 5G Open RAN Ecosystem (OREC) to promote Open RAN, which supported the development of the virtualized base station being announced today.

Regulatory licensing software company, Thentia, announces opening of new regional office in Oklahoma City to support growing platform adoption across central U.S. markets

Retrieved on: 
Tuesday, June 28, 2022
Cloud, Government, Oklahoma State University–Oklahoma City, Heart, Campo, Program, Management, Oklahoma Department of Central Services, Growth, Commerce, Software as a service, Automation, United Kingdom, Partnership, Improper integral, General manager, Oklahoma Office of Management and Enterprise Services, Interview, OREC, Multimedia, Oil, Renewable energy, Public relations, Cardarelli, Leadership Square

Thentia has seen a significant expansion in its U.S. client portfolio in 2021 and 2022, particularly in Oklahoma and other central U.S. states.

Key Points: 
  • Thentia has seen a significant expansion in its U.S. client portfolio in 2021 and 2022, particularly in Oklahoma and other central U.S. states.
  • CEO Julian Cardarelli says the company saw a new opportunity to capitalize on this growth and chose to seize it.
  • "We are excited to continue investing in our team to support our growing customer base in the central U.S.," Cardarelli says.
  • The new office represents a major step forward in Thentia's endeavor to become the state-supported software vendor across all 50 states.

VIAVI Enables Global Access to NTT DOCOMO Open RAN Ecosystem Lab

Retrieved on: 
Tuesday, June 21, 2022
Solution, Intelligence, RAN, Government, NTT DOCOMO, LinkedIn, Delta Upsilon, NTT Docomo, Ecosystem, YouTube, General manager, NASDAQ, 3D, NTT, Twitter, Automation, OREC, Asia-Pacific, Element, RIC, UES, Network equipment, Video game console, Facebook

CHANDLER, Ariz., June 21, 2022 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that it is supporting NTT DOCOMO, INC.'s 5G Open RAN Ecosystem (OREC).

Key Points: 
  • CHANDLER, Ariz., June 21, 2022 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that it is supporting NTT DOCOMO, INC.'s 5G Open RAN Ecosystem (OREC).
  • NTT DOCOMO launched OREC in 2021, growing the ecosystem to 13 vendor partners.
  • As such, NTT DOCOMO is committed to allowing overseas mobile operators to remotely access the Shared Open Lab in Yokosuka, Japan to validate their own virtualized RAN.
  • VIAVI offers the most comprehensive test suite on the market for lab validation, field deployment and service assurance of O-RAN networks.

BOEM Approves Bureau Veritas' Nomination as a Certified Verification Agent (CVA)

Retrieved on: 
Wednesday, April 27, 2022
Momentum, BOEM, Conflict of interest, CFR, Verification, ITC, CVA, Twitter, CAC, Social responsibility, Interest, Group, ESG, Bureau, Sea, LinkedIn, ISIN, OREC, MWS, Laboratory, Certification, SBF, US Wind, Marwin, Euronext Paris, CAC Next 20, Safety, Conflict, Wind, Health, Senior, Renewable energy, Industry, Bureau Veritas

NEW YORK, April 27, 2022 /PRNewswire/ -- Bureau Veritas today announced that the U.S. Bureau of Ocean Energy Management (BOEM) had approved its nomination as Certified Verification Agent (CVA) for the US Wind, Inc. (US Wind) MarWin project, offshore of Maryland.

Key Points: 
  • NEW YORK, April 27, 2022 /PRNewswire/ -- Bureau Veritas today announced that the U.S. Bureau of Ocean Energy Management (BOEM) had approved its nomination as Certified Verification Agent (CVA) for the US Wind, Inc. (US Wind) MarWin project, offshore of Maryland.
  • This approval of the nomination demonstrates that Bureau Veritas meets the strict CVA criteria, and successfully maintains adherence to highly regulated qualifications requirements set forth by BOEM.
  • Bureau Veritas works closely with US Wind as an independent third-party verification agent for its MarWin offshore wind project.
  • "We are excited to be appointed as the Certified Verification Agent by US Wind.

DOCOMO Opens vRAN Verification Facility to Global Mobile Operators

Retrieved on: 
Monday, February 28, 2022
INC, Data lake, Yahoo Beijing Global R&D Center, Adoption, NEC, Vran, Mavenir, Red Hat, NTT DOCOMO, Fujitsu, Qualcomm, Intel, OREC, AMD, VMware, NTT, Mobile phone, NVIDIA

The verification environment is now open to remote access by global operators, eliminating their need to prepare in-house verification environments.

Key Points: 
  • The verification environment is now open to remote access by global operators, eliminating their need to prepare in-house verification environments.
  • DOCOMO believes the lab will help operators to greatly reduce overall costs, including constructing in-house labs and/or traveling to vendors' labs, for the verification of base station functions and performance prior to commercial deployment.
  • DOCOMO looks forward to deepening its cooperation with an expanding range of stakeholders, including overseas mobile operators, via the Shared Open Lab.
  • and Wind River
    NTT DOCOMO, Japan's leading mobile operator with over 83 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies.