Shell Quits Atlantic Shores Offshore Wind Project in NJ
Oil Supermajor Takes $1B Impairment on Move
Shell has withdrawn from the partnership behind Atlantic Shores Offshore Wind, which is planned to be built off the New Jersey coast. | Shutterstock
Jan 30, 2025
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Atlantic Shores said its offshore wind project in New Jersey will continue despite Shell's exit, which caused the oil supermajor a $1 billion impairment.