Jul 10, 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.

6 days 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.

6 days ago · Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major setback to the state’s clean energy ambitions.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

3 days ago · However, two bidders withdrew and only Atlantic Shores submitted a best and final offer." Guhl-Sadovy continued , “A number of reasons led to this decision, notably Shell backing out as an equity partner in the Atlantic Shores project and backing away from the American clean energy market, as well as uncertainty driven by federal actions and ...

6 days ago · 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 ...

5 days ago · She declined to comment on whether Shell is seeking to monetize its stake. Atlantic Shores has already received federal approval for its construction and operations plans. In an October press release, an Atlantic Shores Offshore Wind executive said the approvals meant the project could begin construction in 2025.

6 days 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 ...

Feb 25, 2022 · Atlantic Shores LLC and Mayflower Wind Energy LLC, are Shell’s two separate offshore wind 50-50 joint ventures in partnership with EDF and OW North America LLC respectively. Provisional winners will be known at the end of the auction.

Oct 1, 2024 · Atlantic Shores Offshore Wind (Atlantic Shores) is a 50:50 partnership between Shell New Energies US LLC and EDF-RE Offshore Development, LLC (a subsidiary of EDF Renewables North America). Both companies bring decades of experience developing onshore and offshore energy projects across the globe.

3 days ago · The New Jersey Board of Public Utilities (BPU) has canceled its fourth offshore wind solicitation amid significant market challenges and Shell’s withdrawal from the Atlantic Shores project.. The ...