Offshore Wind Company Cancels New Jersey Project

Offshore Wind Company Cancels New Jersey Project

Atlantic Shores Offshore Wind petitioned the New Jersey Board of Public Utilities to terminate its Offshore Renewable Energy Certificates (ORECs) order due to economic and political headwinds. Terminating this order cancels its offshore wind power project in New Jersey. The company, which is a partnership between UK-Dutch oil company Shell and France’s EDF Renewables North America, was in the process of developing a 1.5-gigawatt wind turbine pow…