In win for Trump, oil giant Shell walks away from major New …
2 days ago · 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 …
Shell withdraws from big N.J. wind farm that Trump wanted ‘dead …
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, …
Wind - Shell Global
Shell is building an integrated energy business. Learn more about our onshore and offshore wind projects including floating wind.
N.J. offshore wind: Shell pauses involvement in project - WHYY
1 day ago · In 2023, Danish wind developer Ørsted pulled out of two planned projects off the coast of Atlantic City, citing supply chain issues, inflation and rising interest rates. Shell’s move …
Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at ...
2 days ago · NEW: Another major blow to the offshore wind scam! Shell is pulling out of the Atlantic Shores project, writing off nearly $1 billion as the industry collapses under its own …
Shell withdraws from Atlantic Shores wind project | WorkBoat ...
3 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 …
NJ offshore wind's future in doubt after Shell announcement
2 days ago · Shell was pausing its involvement in Atlantic Shores as a result, according to the website. Atlantic Shores Offshore Wind is a 1.5-gigawatt power project partnership by Shell …
Our wind projects - Shell Global
Dec 20, 2023 · Offshore wind is a key growth area for Shell. We have more than 6 gigawatts (GW) of wind projects in our portfolio and in development. We are also investing in the next …
Shell writes off $1 billion, exits US offshore wind project - Investing.com
3 days ago · Investing.com -- Shell (LON: SHEL) Plc announced its withdrawal from the Atlantic Shores offshore wind farm project in the US, resulting in a write-off of nearly $1 billion.The …
Shell Plans to Cut New Offshore Wind Spend, Split Power Division
Dec 5, 2024 · SHEL announces plans to scale back new offshore wind investments and restructure its power division, focusing on oil, gas and biofuels amid economic challenges.