New Jersey has abandoned plans for a fourth offshore wind solicitation, effectively ending the proposed Atlantic Shores project following Shell’s withdrawal as an equity partner. This decision by the state Board of Public Utilities marks a significant retreat from Governor Phil Murphy’s renewable energy goals and represents a victory for New Jersey commercial fishermen who had opposed large-scale wind projects near their fishing grounds. The Atlantic Shores project was to be the state’s flagship offshore wind development after Ørsted cancelled its Ocean Wind plan in late 2023 due to rising costs. While Governor Murphy maintains that offshore wind development remains a valuable opportunity for job creation and energy independence, he acknowledged the industry faces significant challenges and supported the decision to pause. More information can be found here.
