Yahoo! Tech
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2025-01-30 22:56:52
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npub1hrmeelmxktje8vy2t6axvt5ae0emvfk4v5hxrvaceky4pfmn8guqkqj2rrSeen on
wss://relay.nostr.bandPublished at
2025-01-30 22:56:52Event JSON
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"Atlantic Shores, a joint venture between Shell and EDF, has reiterated its commitment to delivering New Jersey's first offshore wind project, despite Shell's recent $1 billion write-off. The project, which aims to generate up to 2,800 megawatts of electricity, has faced economic challenges including soaring materials costs, high interest rates, and supply-chain delays. The company has emphasized its compliance with obligations to local, state, and federal partners under existing leases and permits. Shell is now looking to monetize its stake in the project."
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