New Jersey offshore wind farm cancelled
Economic hurdles, political setbacks, and permit loss force Atlantic Shores to withdraw from N.J. wind farm plans near Atlantic City.
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USA, New Jersey, Atlantic City: Amid rising economic pressures and shifting political winds, Atlantic Shores has officially withdrawn its plans to build a large-scale offshore wind farm off the coast of Atlantic City. The company notified New Jersey’s Board of Public Utilities (BPU) that it would terminate its OREC (Offshore Renewable Energy Certificate) order for what was dubbed Offshore Wind Project 1.
This decision follows a series of setbacks: energy giant Shell exited the venture earlier this year, the U.S. Environmental Protection Agency revoked a key air permit in March, and federal moratoriums signed by President Donald Trump stalled offshore wind development nationwide.
The project, once poised to help New Jersey achieve its ambitious goal of 7,500 MW of offshore wind capacity by 2035, had promised a potential $1.8 B economic impact.
Despite the cancellation, Atlantic Shores CEO Joris Veldhoven emphasized that this was “not the end” for the company in New Jersey, noting its continued belief in the economic and environmental value of offshore wind.
New Jersey’s BPU reaffirmed its commitment to clean energy, citing offshore wind’s potential to create jobs and stabilize energy prices, even as it acknowledged the current headwinds facing the sector.
Source: nj.com
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