"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 told The Associated Press it is writing off the project, citing increased competition, delays and a changing market.
“Naturally we also take regulatory context into consideration,” spokesperson Natalie Gunnell said in an email.
Shell co-owns the large Atlantic Shores project, which has most of its permits and would generate enough power for 1 million homes if both of two phases were completed. That’s enough for one-third of New Jersey households.
It’s unclear whether Shell’s decision kills the project — partner EDF-RE Offshore Development says it remains committed to Atlantic Shores."
Jennifer McDermott reports for the Associated Press January 31, 2025.
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