Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at risk?
Shell has withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest hit to the state’s clean energy plans. Spokespeople told NJ Advance Media on Thursday that the developer remained committed to the project.
Shell pauses N.J. offshore wind project as industry faces ‘high level of uncertainty’
The Atlantic Shores wind project was expected to start construction this year. The remaining developer says it’s still committed.
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.
Atlantic Shores commits to New Jersey wind project despite Shell’s write-off
Atlantic Shores, a joint venture between Shell and France’s EDF, has reaffirmed its commitment to delivering New Jersey’s first offshore wind project despite Shell’s recent $1bn write-off related to the venture. The write-off was part of $2.2bn in impairments reported in Shell’s fourth-quarter earnings, as reported by Reuters.
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 writes off $1 billion, exits US offshore wind project
Plc announced its withdrawal from the Atlantic Shores offshore wind farm project in the US, resulting in a write-off of nearly $1 billion. The decision was disclosed in the company's quarterly earnings report on Thursday,
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 ...
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 ...
Shell withdraws from big N.J. wind farm 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Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New ...
In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm
In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell ...
The Press of Atlantic City1d
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 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 Donald Trump ...
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 ...
The Press of Atlantic City2d
Atlantic City to hold special meeting, consider ending offshore wind ordinance
Atlantic City Council will hold a special meeting Feb. 5 to consider rescinding an ordinance that gave Atlantic Shores ...