Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump ...

Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major ...

Atlantic Shores has committed to deliver New Jersey’s first offshore wind project despite Shell’s $1bn write-off related to ...

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

On a fourth quarter earnings call Jan. 30, Shell plc told analysts that the company was pausing its involvement in the ...

The announcement clouds the future of the Atlantic Shores Offshore Wind venture, a punching bag for President Donald Trump.

As the political and economic winds continue to shift in the offshore wind sector, Shell disclosed during a quarterly ...

The news comes about a week after President Trump issued an order blocking new leases and permits for onshore and offshore wind projects.

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 quarterly earn ...

Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump seeks to stymie the industry’s development with executive orders.

Atlantic Shores says it will push forward with its planned wind energy farm off the coast of southern New Jersey despite the ...