Offshore wind is getting a standing 10 count in New Jersey!
Orsted tapped out back on Halloween 2023, Save Jerseyans, and President Trump’s recent executive order had the effect of freezing new offshore wind farm development near the Jersey Shore coast. On Thursday, the Shell corporation announced it would withdraw from the Atlantic Shores project near Long Beach Island and Brigantine, a $1 billion write-off that effectively dooms the state’s only present active offshore wind adventure.
“We just don’t see that it fits both our capabilities nor the returns that we would like,” Shell Chief Financial Officer Sinead Gorman told journalists. “So we took the decision to effectively write that off and pause our involvement.”
The Biden Administration recently provided the project with a final greenlight at the federal level (via BOEM) but shifting economic and political winds proved too much for the ill-advised plan to plant scores of wind turbines off of the coast.
“This is a major development,” the anti-wind Protect Our Coast organization explained on X. “It is a huge win for the ocean, our coast, wildlife, fishermen and working families all across New Jersey! We at POCNJ are absolutely thrilled to see this news today. It represents the latest major domino to fall in a reckless scheme by the climate industry to deliver unaffordable, unsustainable, unreliable wind power to the grid.”
