Today, we have more than 2 gigawatts (GW) of offshore wind capacity in operation and under construction, and more than 7.9 GW in the funnel of potential projects across North America, Europe, the UK and Asia (Shell equity).

Dec 20, 2023 · Offshore wind is a key growth area for Shell. We have more than 6 gigawatts (GW) of wind projects in our portfolio and in development. We are also investing in the next generation of wind technology, including floating wind.

3 days ago · 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, citing increased competition, delays and a changing market. ...

4 days ago · NEW: Another major blow to the offshore wind scam! Shell is pulling out of the Atlantic Shores project, writing off nearly $1 billion as the industry collapses under its own weight.https://t.co ...

3 days ago · Shell is not the first company to pause or drop investments in offshore wind projects along the Jersey Shore. In 2023, Danish wind developer Ørsted pulled out of two planned projects off the coast of Atlantic City, citing supply chain issues, inflation and rising interest rates.

4 days ago · Shell announced during its fourth quarter earnings call Thursday that it would take a $996 million write down on its investment into the Atlantic Shores Offshore Wind project, according to ...

Dec 4, 2024 · Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's...

4 days ago · The Atlantic Shores offshore wind project would build up to 200 turbines off Long Beach Island and Atlantic City, N.J. BOEM graphic. Shell plc is withdrawing from the Atlantic Shores wind project of New Jersey, writing off nearly $1 billion as the energy major retreats from its earlier pivot toward renewables.

Dec 5, 2024 · Shell has decided to cease investments in new offshore wind developments as part of a review of the Shell Energy business. The oil and gas major, which has built a significant portfolio of renewable energy and clean fuel projects, will not abandon its existing offshore wind projects, but investing in new offshore wind farms is (currently) off ...

Nearby, our Hollandse Kust Noord offshore wind farm (Shell interest 79.9%) became operational in 2023. The wind farm has a generating capacity of 759 megawatts and will supply almost 3% of electricity demand in the Netherlands.