1 day ago · Shell plc is withdrawing from the Atlantic Shores wind project of New Jersey, writing off nearly $1 billion as the energy major retreats from its earlier pivot toward renewables.. In its quarterly earnings report on Jan. 30, Shell disclosed a $996 million impairment associated with Atlantic Shores, planned as a 2,800-megawatt array of 197 turbines off Long Beach Island and Brigantine, N.J.

Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major setback to the state’s clean energy ambitions.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 ...

Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New Jersey, another huge blow to the state’s ambitious renewable energy plans.

Jul 2, 2024 · Atlantic Shores Offshore Wind, LLC is a 50:50 partnership between Shell New Energies US LLC and EDF Renewables North America and its Lease Area is located approximately 10-20 miles off the coast of New Jersey between Atlantic City and Barnegat Light.

15 hours ago · TRENTON, N.J. (WPVI) -- The second of four major wind farms planned off the coast of New Jersey in our area is now in limbo. Energy company Shell withdrew from the Atlantic Shores offshore wind ...

1 day ago · Shell was pausing its involvement in Atlantic Shores as a result, according to the website. Atlantic Shores Offshore Wind is a 1.5-gigawatt power project partnership by Shell New Energies U.S. and ...

Investing.com -- Shell (LON:SHEL) 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 ...

1 day ago · Shell’s withdrawal comes a little more than a week after President Donald Trump issued a presidential memorandum blocking new leases and permits for onshore and offshore wind projects. Atlantic Shores South, set to generate 2,800 megawatts as early as 2028, is the only New Jersey offshore wind project still being developed to have obtained ...

1 day ago · Investing.com -- Shell (LON: SHEL) 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 ...

Shell is pulling out of the Atlantic Shores project, writing off nearly $1 billion as the industry collapses under its own weight,” U.S. Rep. Jeff Van Drew (R), who represents much of the shore ...