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 ...

Beachgoers in Sea Girt, New Jersey, where a power cable from the Atlantic Shores offshore wind farm project is projected to come ashore. Inset: U.S. President Donald Trump. Associated Press Shell ...

French state-owned EDF announced its exiting the project. The announcement comes three weeks after Shell announced it was withdrawing from the joint venture.

EDF says write down against US offshore wind project it co-owns with Shell follows 'significant evolutions' in policy ...

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 ...

In Win for Trump, Oil Giant Shell Walks Away From Major New Jersey Offshore Wind Farm In the first serious fallout from President Donald Trump's early actions against offshore wind power ...

EDF has acknowledged that the project is now worth less than it was previously and reflected this loss in their financial ...

France’s state-owned electricity firm EDF said Friday it had decided to write down the value of its stake in a major US ...

The sweeping freeze affects offshore and land-based wind projects alike, with multiple federal agencies — including the Army ...