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.
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 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continue to shift in the offshore wind sector, Shell disclosed during a quarterly earnings call Jan. 30 that it had withdrawn from the planned Atlantic Shores Offshore Wind project.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 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 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Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major setback to the state’s clean energy ambitions.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 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 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Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New ...
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 ...
Recharge19h
Shell's $1bn hit to quit US offshore wind plan Trump wants 'dead and gone'
Oil giant says Atlantic Shores project with EDF doesn't fit 'capabilities or returns' as it books near $1bn impairment ...
Windtech International2h
Shell withdraws from Atlantic Shores Wind Project in New Jersey
Shell has decided to exit the Atlantic Shores wind project off the coast of New Jersey, writing off nearly $1 billion. The company cited concerns over financial returns and strategic fit. “We just don ...
The Press of Atlantic City18h
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 ...
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 ...
WorkBoat22h
Shell withdraws from Atlantic Shores wind project
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 earn ...
shorenewsnetwork19h
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 in New Jersey's ...