Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major setback to the state’s clean energy ambitions.

Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump seeks to stymie the industry’s development with executive orders.

Shell said Thursday that it no longer expected the wind farm to produce the returns it expected and would take a $996 million loss. The lease states that the first year’s rent was $550,000, with ...

Google LLC and Shell PLC have partnered to extend the life of the NordzeeWind project, the first wind farm on the Dutch side of the North Sea according to Shell, by at least four years.

Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Trump seeks to stymie the industry’s development with executive orders.

The offshore wind industry is floundering as President Donald Trump reverses Biden-era policies designed to boost the ...

Days after oil and gas giant Shell backed out of New Jersey’s first offshore wind farm pointing to financial reasons, the state on Monday did not award any bids for a fourth round of ...

Shell's exit follows a similar decision by Danish wind developer Orsted, which scrapped two New Jersey offshore wind farms in October 2023, citing financial unviability.

In the first serious fallout from President Donald Trump's early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey.

Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump seeks to stymie the industry’s development with executive orders.. It’s ...