Oil giant Shell walks away from major New Jersey offshore wind farm
3 comments
·January 31, 2025joecool1029
Arnt
Wikipedia: "Atlantic Shores is a proposal by EDF Renewables/Shellm which acquired rights for BOEM OCS-A 0499 (NJWEA North), an 183,353 acres (74,200 ha) area".
An acquisition, in other words. The $1b is "mainly relating to renewable generation assets in North America", including that acquisition.
adolph
Is it weird that the executive order [0] mentioned in the article specifically names a wind project (Lava Ridge [1]) that is nowhere near the outer continental shelf?
0. https://www.whitehouse.gov/presidential-actions/2025/01/temp...
1. https://eplanning.blm.gov/eplanning-ui/project/2013782/510
It's not really a surprise and not much of a headline. It was a bigger deal when Orsted pulled out a couple years ago.
In Shell's case this just sounds like tax fraud at work. What's there to right off? They didn't build shit yet and this isn't their industry.