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Shell takes $1-billion hit on wind farm

Hosted on MSN · 2h

Shell withdraws from big N.J. wind farm that Trump wanted ‘dead and gone’

Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New Jersey, another huge blow to the state’s ambitious renewable energy plans. The announcement,

Recharge · 22h

Shell's $1bn hit to quit US offshore wind plan Trump wants 'dead and gone'

Oil giant says Atlantic Shores project with EDF doesn't fit 'capabilities or returns' as it books near $1bn impairment

The Boston Globe · 21h

Shell takes $1 billion hit on wind farm Trump wants ‘dead’

Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Trump seeks to stymie the industry’s development with executive orders.

Hosted on MSN · 1d

Offshore wind project Trump wanted 'dead and gone' costs Shell $1B

Shell took a $996 million loss after withdrawing from the Atlantic Shores Offshore Wind development, a project Trump recently criticized.

Shell, Atlantic Shores and offshore wind

YAHOO!Finance · 3h

Atlantic Shores commits to New Jersey wind project despite Shell’s write-off

Atlantic Shores, a joint venture between Shell and France’s EDF, has reaffirmed its commitment to delivering New Jersey’s first offshore wind project despite Shell’s recent $1bn write-off related to the venture. The write-off was part of $2.2bn in impairments reported in Shell’s fourth-quarter earnings, as reported by Reuters.

APP.com (Asbury Park, NJ) on … · 17h

Atlantic Shores Offshore Wind says it remains committed to NJ, despite Shell announcement

The future of a New Jersey offshore wind project appears in jeopardy after one of two parent companies announced pausing its involvement.

6abc News · 2h

Shell withdraws from Atlantic Shores wind project off New Jersey coast

Energy company Shell withdrew from the Atlantic Shores offshore wind project. Atlantic Shores said it remains committed to the project, and Gov. Phil Murphy has said it is vital to the state's renewable energy needs. An Action News Climate Ready report last fall highlighted the headwinds facing offshore wind.

14hon MSN

Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at risk?

Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major ...

shorenewsnetwork22h

Murphy’s Wind Energy Agenda on Life Support As Shell Takes $1 Billion Loss in New Jersey Pullout

Days after U.S. President Donald Trump put a moratorium on offshore wind energy at the Jersey Shore, labeling it as a victory in New Jersey's ...

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