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In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm

Shell is exiting the Atlantic Shores offshore wind project in New Jersey, citing increased competition and a changing market, as reported by The Associated Press.
Shell's decision results in a nearly $1 billion write-off, impacting the project's future viability, according to Robin Shaffer, president of Protect Our Coast NJ.
Trump's executive order halting offshore wind permits is seen as a significant factor in Shell's withdrawal, according to sources familiar with the situation.
Despite Shell's exit, partner EDF-RE Offshore Development remains committed to the project, which could power one-third of New Jersey households if completed.

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Washington Times

Shell abandons $1 billion New Jersey offshore wind project following Trump order

Shell announced its withdrawal from the Atlantic Shores offshore wind project off New Jersey's coast, marking the first major industry response to President Trump's recent executive order targeting offshore wind development.

1 month ago·United States

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Independent Sentinel

Offshore Wind Energy Flim-Flammers Are Packing Up

President Donald Trump acted to halt the wasteful offshore wind projects. His executive order halted all new and renewed approvals, permits, leases, and loans for both onshore and offshore wind projects. The order is titled “Temporary Withdrawal of All Areas on the Outer Continental Shelf from Offshore Wind Leasing and Review of the Federal Government’s […] The post Offshore Wind Energy Flim-Flammers Are Packing Up appeared first on www.independ…

1 month ago

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NJ Spotlight News

Another blow to NJ's offshore wind industry

Shell pauses involvement in Atlantic Shores project, will retain 50% ownership The post Another blow to NJ’s offshore wind industry appeared first on NJ Spotlight News.

1 month ago

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India Today

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 market challenges and uncertainty. Offshore wind opponents celebrate, while clean energy advocates warn of setbacks.

1 month ago·India

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