Energy giant Shell has withdrawn its involvement in a proposed large-scale offshore wind farm off the coast of New Jersey, following a change in administration. The project had been championed by former US President Donald Trump as a “dead and gone” idea.
According to sources close to the matter, Shell’s decision is attributed to changing market conditions and regulatory uncertainty post-Trump’s presidency. The project was initially touted as a key initiative by the Trump administration, with plans for a wind-related port in Paulsboro potentially generating jobs and revenue for local communities.
The pullout from the project could have significant implications for those affected, as it would likely lead to job losses and reduced economic benefits. As Shell exits the project, the future of the offshore wind farm remains uncertain, highlighting the challenges facing renewable energy development in the region.
Source: https://www.inquirer.com/real-estate/commercial/new-jersey-windfarm-shell-withdraws-20250130.html