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Shell, Atlantic Shores and New Jersey
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 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.
Shell withdraws from Atlantic Shores wind project off New Jersey coast
Energy company Shell withdrew from the Atlantic Shores offshore wind project. Atlantic Shores said it remains committed to the project, and Gov. Phil Murphy has said it is vital to the state's renewable energy needs. An Action News Climate Ready report last fall highlighted the headwinds facing offshore wind.
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 Reaffirms Commitment to New Jersey Offshore Wind Despite Shell's Write-Off
(Reuters) - 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.
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 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.
7h
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 ...
11h
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Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New ...
India Today
5h
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 ...
1d
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.
1d
on MSN
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 ...
12h
Oil giant Shell walks away from major New Jersey offshore wind farm in win for Trump
Shell told The Associated Press it is writing off the project, citing increased competition, delays and a changing market ...
6h
on MSN
Offshore Wind Takes a Blow From Trump's Attacks on Clean Energy
Announcements of cutbacks and changes in leadership this week showed the offshore industry faces "a series of headwinds." ...
shorenewsnetwork
1d
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 ...
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