Atlantic Shores Offshore Wind, the developer behind the 1.5-gigawatt (GW) Atlantic Shores 1 wind energy project in progress offshore New Jersey, filed a petition asking the state’s Board of Public Utilities to terminate the project’s offshore renewable energy credits and release it from all associated obligations. The petition cites President Donald Trump’s executive order pausing the development of offshore wind, along with other actions from his administration and the overall macroeconomic environment as reasons that “the project is no longer viable upon the terms and conditions set forth in the [Offshore Wind Renewable Energy Certificate] Order,” which was issued in 2021. Atlantic Shores Offshore Wind’s CEO Joris Veldhoven said in a release that the project is seeking a “reset period” and that “this filing marks the closing of a chapter, but not the end for Atlantic Shores.” More information can be found here.
