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Shell, New Jersey and offshore wind power

In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm

In the first serious fallout from President Donald Trump's early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey. Shell told The Associated Press it is writing off the project,

Reuters · 20h

Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off

Atlantic Shores, a joint venture between Shell Plc and France's EDF, reiterated its commitment to delivering New Jersey's first offshore wind project on Thursday, despite Shell's recent $1 billion write-off related to the venture.

The Globe and Mail · 5h

Oil giant Shell walks away from major New Jersey offshore wind farm in win for Trump

Shell told The Associated Press it is writing off the project, citing increased competition, delays and a changing market

USA Today · 20h

Atlantic Shores Offshore Wind says it remains committed to NJ, despite Shell announcement

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

6abc News · 4h

Shell withdraws from Atlantic Shores wind project off New Jersey coast

The second of four major wind farms planned off the coast of New Jersey in our area is now in limbo. Energy company Shell withdrew from the Atlantic Shores offshore wind project. Atlantic Shores said it remains committed to the project,

Danish wind giant Orsted replaces its CEO

Reuters on MSN · 5h

Orsted replaces CEO as offshore wind industry struggles

Orsted Chief Executive Mads Nipper will step down to be replaced by company insider Rasmus Errboe, the world's biggest offshore wind developer said on Friday, as it seeks to arrest an 83% slump in its share price since its 2021 peak.

Wall Street Journal · 6h

Orsted Replaces CEO as Wind Industry Faces Challenges

The company said it is parting ways with Mads Nipper as it grapples with supply-chain bottlenecks, high financing costs and President Trump’s opposition to wind power.

Bloomberg L.P. · 10h

Orsted CEO Steps Down After Failing to Turn Around Wind Firm

Mads Nipper will step down as chief executive officer of Danish wind developer Orsted A/S after a series of significant writedowns over the past few years.

Denmark, offshore wind

Reuters · 5h

Denmark to halt offshore wind tenders to revamp subsidy model

Denmark will halt all ongoing offshore wind tenders as the existing framework where no subsidies are offered does not work under current market conditions, its energy minister said on Friday.

Bloomberg L.P. · 5h

Denmark to Subsidize Offshore Wind in Bid to Reanimate Market

Denmark will offer state subsidies to offshore wind and green hydrogen projects as it seeks to revive a suffering market after a failed tender and delays to crucial infrastructure.

Hosted on MSN · 4h

Denmark to subsidize offshore wind, green hydrogen projects

Denmark is planning to offer state subsidies for offshore wind and green hydrogen projects in an effort to revive its struggling market. This comes after a failed tender and delays to vital infrastructure,

4hon MSN

Trump executive order may leave California offshore wind projects up in the air

The Golden State is counting on 25 gigawatts, or about 13% of its electricity, from offshore projects by 2045.

20hon MSN

Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at risk?

Shell has withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest hit to the state’s clean ...

Maryland offshore wind project at risk after President Trump's executive order

BALTIMORE -- An executive order issued by President Trump could threaten an offshore wind project in Maryland. The measure ...

Renewable Energy World1h

Global wind developer replaces CEO amid turbulent times for turbines

CEO Mads Nipper will step down and Rasmus Errboe, current deputy CEO and CCO, will assume his position with the company.

10d

Trump orders suspension of new offshore wind power leasing

President Donald Trump suspended new federal offshore wind leasing pending an environmental and economic review, saying wind ...

USA Today9d

Trump order puts chill on offshore wind. What does that mean for Massachusetts projects?

Trump backed up his pledge to throw up barriers to offshore wind power by immediately withdrawing "from disposition for ...

Maine’s offshore wind ambitions: Big ideas tempered by setbacks and competition

Maine’s formal interest in developing ocean wind energy dates back to 2008, when former Gov. John Baldacci created an Ocean Energy Task Force to devise a strategy.

13d

Offshore wind project to power over 840,000 Mass. homes approved by feds

“We are proud to announce [Bureau of Ocean Energy Management’s] final approval of the SouthCoast Wind project, the nation’s ...

Energy Central7h

First offshore wind production by 2028 ‘doable' if all goes well

Danish technical consultancy firm K2 Management (K2M). “The 2028 completion of the first offshore wind sounds aggressive but it is also doable, but that does require all the stakeholders to closely ...

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Shell, New Jersey and offshore wind power

Danish wind giant Orsted replaces its CEO

Denmark, offshore wind

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