Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at risk?
Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major setback to the state’s clean energy ambitions. Spokespeople told NJ Advance Media on Thursday that the developer remained committed to the project.
Shell Pulls Out of Atlantic Shores Offshore Wind Project
On a fourth quarter earnings call Jan. 30, Shell plc told analysts that the company was pausing its involvement in the Atlantic Shores offshore wind farm project. The company said it will take a $956 million write-off.
Shell hits pause on NJ offshore wind project
The announcement clouds the future of the Atlantic Shores Offshore Wind venture, a punching bag for President Donald Trump.
Shell withdraws from NJ’s first planned offshore wind project
As the political and economic winds continue to shift in the offshore wind sector, Shell disclosed during a quarterly earnings call Jan. 30 that it had withdrawn from the planned Atlantic Shores Offshore Wind project.
Shell takes $1 billion hit on wind farm Trump wants ‘dead’
Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Trump seeks to stymie the industry’s development with executive orders.
Shell withdraws from big N.J. windfarm that Trump wanted ‘dead and gone’
Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New Jersey, another huge blow to the state’s ambitious renewable energy plans. The announcement,
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Atlantic Shores commits to New Jersey wind project despite Shell’s write-off
Atlantic Shores has committed to deliver New Jersey’s first offshore wind project despite Shell’s $1bn write-off related to ...
Atlantic Shores Offshore Wind says it remains committed to NJ, despite Shell announcement
The future of a New Jersey offshore wind project appears in jeopardy after one of two parent companies announced pausing its ...
The Press of Atlantic City17h
Atlantic Shores vows to push forward with NJ wind farm despite Shell's reported pullout
Atlantic Shores says it will push forward with its planned wind energy farm off the coast of southern New Jersey despite the ...
Shell dividend hike drives shares higher despite profit miss
Shell on Thursday reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower ...
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Murphy’s Wind Energy Agenda on Life Support As Shell Takes $1 Billion Loss in New Jersey Pullout
Days after U.S. President Donald Trump put a moratorium on offshore wind energy at the Jersey Shore, labeling it as a victory ...
Wind farm developer said project will continue despite loss of major investor
The news comes about a week after President Trump issued an order blocking new leases and permits for onshore and offshore wind projects.
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off
Atlantic Shores, a joint venture between Shell Plc and France's EDF, reiterated its commitment to delivering New Jersey's ...
Waiting for signs of which way the wind blows at Shell
Notably, savings in 2024 were boosted by the decision to pause a major biofuels project in Rotterdam. According to a fresh analysis by environmental and human rights group Global Witness, Shell's ...