Nearly 15 months after a Danish-based wind energy company pulled the plug on what was to be New Jersey’s first offshore wind farm, London-based Shell PLC withdrew from projects to be built off the coast of Long Beach Island, writing off $1 billion in losses. Still, that doesn’t mean Atlantic Shores is going away anytime soon.
“Atlantic Shores is committed to New Jersey and delivering the Garden State’s first offshore wind farm,” the company said in a statement Jan. 30.
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