Reported about 10 hours ago
Despite Shell's recent $1 billion write-off related to its joint offshore wind venture with EDF, Atlantic Shores reiterated its commitment to New Jersey's first offshore wind project. The company emphasized its adherence to existing agreements with local, state, and federal partners while highlighting the project's potential to generate 2,800 megawatts of electricity, enough to power nearly 1 million homes. This commitment comes amid broader economic challenges in the offshore wind sector, including rising material costs and project delays.
Source: YAHOO