Latest news with #AtlanticShores
E&E News
3 days ago
- Business
- E&E News
New Jersey offshore wind project bows out
Offshore wind development has come to a halt in New Jersey. The project named Atlantic Shores asked New Jersey utility regulators last week to cancel its contract to supply electricity to the state, marking the latest blow to the only offshore wind project in the state with a federal permit. The 1,500-megawatt development would have generated enough electricity to power 700,000 homes. The move came as Atlantic Shores was facing economic and political headwinds. High construction costs drove up the price of the project, and President Donald Trump repeatedly targeted the proposal since returning to the White House. Advertisement In a filing with the New Jersey Board of Public Utilities, Atlantic Shores cited EPA's decision to revoke an air quality permit for the project and Trump's executive order that blocked permits for new offshore wind projects as the reason for its decision.
Bloomberg
3 days ago
- Business
- Bloomberg
NJ Wind Project That Trump Dubbed a Disaster Is Canceled
The developer of a New Jersey offshore wind farm designed to power more than 700,000 homes has pulled the plug on the project, the latest setback for a sector whose prospects have worsened under the Trump administration. 'This filing marks the closing of a chapter,' Atlantic Shores Offshore Wind Chief Executive Officer Joris Veldhoven said in a statement Monday. Last week the company filed a motion with regulators to terminate the renewable energy certificates the project had been awarded. The certificates would have underpinned the project's finances.
Yahoo
14-03-2025
- Business
- Yahoo
Permit for Offshore Wind Farm Voided After Trump Opposed Project
(Bloomberg) -- A critical permit for an offshore wind farm planned near the New Jersey Shore has been invalidated by an administrative appeals board, seven weeks after President Donald Trump declared he hoped the project was 'dead and gone.' Trump DEI Purge Hits Affordable Housing Groups Electric Construction Equipment Promises a Quiet Revolution NYC Congestion Pricing Toll Gains Support Among City Residents Open Philanthropy Launches $120 Million Fund To Support YIMBY Reforms How Britain's Most Bike-Friendly New Town Got Built The decision to remand an Environmental Protection Agency air pollution permit for the Atlantic Shores South venture is the boldest strike yet against a wind farm since Trump took office in January and halted permitting the projects. It is also an unusual decision — coming nearly six months after the EPA issued that final air permit to the wind farm, a joint venture of Shell New Energies US LLC and EDF Renewables North America. The action came at the hands of the US government's Environmental Appeals Board, after a legal challenge mounted by area residents who oppose the project and say they are concerned about possible destructive effects. In late February, the EPA asked the appeals board for a voluntary remand, sending the permit back to the agency for reconsideration. That remand was granted Friday, over the developer's objections. The developer, Atlantic Shores Offshore Wind LLC, as the joint venture is known, said it was 'disappointed by the EPA's decision to pull back its fully executed permit as regulatory certainty is critical to deploying major energy projects.' 'Atlantic Shores stands ready to deliver on the promise of American energy dominance and has devoted extensive time and resources to follow a complex, multi-year permitting process, resulting in final project approvals that conform with the law,' it added in a statement. Environmental Appeals Judge Mary Kay Lynch said the decision was appropriate given Trump's Jan. 20 executive order directing an immediate review of wind leasing and permitting on federal land. Trump's directive also charged the Interior Department with reviewing the 'necessity of terminating or amending any existing wind energy leases' and 'identifying any legal bases for such removal.' Trump has repeatedly singled out the offshore wind industry for criticism, and his first-day moves against the nascent sector have spooked developers of even existing projects. Ongoing litigation challenging wind farm approvals could present an additional opening for Trump's Interior Department to revisit earlier approvals. Atlantic Shores was initially set to include as many as 200 wind turbines and would provide as much as 2.8 gigawatts of power. It is planned to be developed about 8.7 miles (124 kilometers) off the New Jersey coast. How America Got Hooked on H Mart How Trump's 'No Tax on Tips' Could Backfire for the Working Class How Natural Gas Became America's Most Important Export Disney's Parks Chief Sees Fortnite as Key to Its Future Germany Is Suffering an Identity Crisis 80 Years in the Making ©2025 Bloomberg L.P.
Local France
21-02-2025
- Business
- Local France
France's EDF writes down US offshore wind project
EDF said it had written down by €900million in its accounts the value of its stake in the Atlantic Shores joint venture with Shell to build wind farms off the coast of New Jersey. Trump – who has long ranted against wind turbines as unsightly, dangerous to wildlife and too expensive – signed an executive order upon his return to the White House that blocks new permits and he has threatened to stymie those under construction. 'There have been significant evolutions in US offshore policy and that led us to reexamine our activities... and take a position that preserves the company and its future development,' EDF chief executive Luc Remont said a conference call with journalists. 'In order to take into account the new American orientation... the board decided, at this stage, to write down the offshore activities in Atlantic Shores.' Two Atlantic Shores projects that would generate enough energy to power one million homes received construction and operations approval from New Jersey late last year. Shell pulled out of another Atlantic Shores project in January. EDF also said Friday that it earned a record profit of €11.4billion in 2024 thanks to a recovery in its production of nuclear and hydroelectric production.
Associated Press
11-02-2025
- Business
- Associated Press
Save LBI Encouraged by Collapse of Atlantic Shores Offshore Wind Projects, Presses on with Litigation to Ensure Permanent Victory
LONG BEACH ISLAND, N.J., Feb. 11, 2025 (SEND2PRESS NEWSWIRE) — Save Long Beach Island (Save LBI), the non-partisan watchdog group formed in 2021 to protect the ocean and New Jersey Shore communities from the destructive impacts of offshore wind, announced today that, while it is gratified by the collapse of the controversial Atlantic Shores South projects, the organization will remain vigilant and continue the fight to ensure that these projects and the Atlantic Shores North project are canceled and never return. The controversial Atlantic Shores South plan to erect 200 wind turbines as close as 8.7 miles off the coast of southern Long Beach Island (LBI), Brigantine, and Atlantic City, began unraveling on January 30 when Shell New Energies, which owns 50 percent of Atlantic Shores Offshore Wind, announced that it would write off a billion-dollar loss and step away from the projects. The announcement came just 17 days after Save LBI filed a comprehensive federal lawsuit against the projects alleging noncompliance with five laws. Four days later, the New Jersey Board of Public Utilities (BPU) refused to award significant additional rate subsidies that Atlantic Shores had requested to fund the projects. 'This is a major victory for shore values, communities, and common sense,' said Bob Stern, president and co-founder of Save LBI in a letter thanking supporters. 'But there is also unfinished business here to ensure that these projects, or similar ones, never reappear, and that the flawed Federal and State processes and impact-assessment methods that carried such a costly and damaging project this far are fundamentally changed.' Stern identified several areas in which Save LBI will continue its fight to permanently end Atlantic Shores South and Atlantic Shores North, including the passage of federal legislation to remove investment tax credits and other incentives for offshore wind under the Inflation Reduction Act and the cancellation of the two wind lease areas. 'We have written to U.S. Department of the Interior Secretary [Douglas] Burgum suggesting that, and will be filing a formal petition asking for cancellation,' Stern said. 'Our recent federal lawsuit provides ample justification for such cancellation.' Save LBI will also seek to overturn prior project approvals through its ongoing litigation — which if granted, would set a precedent for other cases — and continue its longstanding campaign to protect the critically endangered North Atlantic right whale by filing a petition with the National Oceanic and Atmospheric Administration (NOAA) to establish a safe migration corridor along the East Coast. That petition, which asks NOAA to designate the corridor as critical habitat, will demonstrate that the Atlantic Shores projects and other offshore wind projects in these sensitive areas would seriously impede or block whale migration.' We will ask that all wind projects be excluded from that critical habitat corridor,' Stern said. Finally, Stern welcomed the new Administration's review of the leasing and permitting practices for all offshore wind projects and urged everyone involved with Atlantic Shores South to 'reflect on how a project with virtually no benefit, high cost, and significant environmental damage proceeded so far. Our work on this over the last few years showed that the entire process of site selection and project review was fundamentally flawed. 'We will continue our efforts to inform the public, the media, and our elected representatives as to the true costs and impacts of these projects, suggest improvements for the leasing, environmental review, and financing practices used, and offer constructive energy supply options to keep the lights on,' Stern concluded. About Save LBI: Save Long Beach Island (Save LBI) is an organization of citizens and businesses on and off the Island working together to protect the ocean and Long Beach Island and neighboring communities from the destructive impact of the Atlantic Shores Offshore Wind projects and potentially other offshore wind projects. As a not-for-profit, non-partisan entity, we do not endorse any political candidates but vigorously pursue policies and actions that protect the Island and New Jersey communities. The organization is led by Beach Haven resident Bob Stern, a Ph.D. engineer with experience in environmental law who previously managed the U.S. Department of Energy's office overseeing environment protection related to energy programs and projects. Visit for more information. Save LBI Letter to Supporters MULTIMEDIA: PHOTO CAPTION: Visual simulation of Atlantic Shores South project from Holgate, New Jersey. Source: Bureau of Ocean Energy Management (BOEM). NEWS SOURCE: Save Long Beach Island (Save LBI) Keywords: Legal and Law, Bureau of Ocean Energy Management, Save LBI, Save Long Beach Island, offshore wind, offshore wind projects, LONG BEACH ISLAND, N.J. This press release was issued on behalf of the news source (Save Long Beach Island (Save LBI)) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P123962 AP-R15TBLLI
