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Shell, offshore wind and Atlantic Shores
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.
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 involvement.
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,
Shell Gives Donald Trump a Win Off New Jersey Shore
Shell abandoning a $1 billion investment highlights uncertainties introduced by Trump's order about 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 first offshore wind project on Thursday, despite Shell's recent $1 billion write-off related to the venture.
Shell withdraws from Atlantic Shores wind project off NJ coast
The second of four major wind farms planned off the coast of New Jersey in our area is now in limbo. The former figure skater issued a message to anyone who 'remembers me.' President Donald Trump began his White House briefing Thursday with a moment of silence and a prayer for victims of Wednesday's crash at Reagan National Airport.
Offshore wind troubles threaten NJ climate ambitions
New Jersey’s offshore wind ambitions are on the verge of collapse after two projects announced setbacks Thursday. The day began with an announcement from Shell that it was pausing its involvement in a project under development near Atlantic City.
15h
on MSN
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Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New ...
WHYY
3h
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.
1d
on MSN
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 ...
11h
on MSN
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 ...
1d
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 ...
India Today
9h
Trump's executive order shakes offshore wind industry as oil giant Shell backs out of New Jersey project
Oil giant Shell exits a $1 billion New Jersey offshore wind project amid Trump’s restrictions on renewable energy, citing ...
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Donald Trump
Offshore wind power
New Jersey
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