Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New Jersey, another huge blow to the state’s ambitious renewable energy plans.

In its quarterly earnings on Thursday, Shell disclosed a $996 million impairment related to an offshore wind farm known as Atlantic Shores. “We just don’t see that it fits both our ...

With a new administration in Washington, 2025 has been a year of turbulence for the once promising offshore wind sector in New Jersey.