Atlantic Shores Cancels Atlantic City Wind Project

Atlantic Shores Offshore Wind has canceled its planned 2.8 gigawatt offshore wind farm off the coast of Atlantic City, New Jersey, which would have powered over 700,000 homes. The decision was driven by economic pressures such as inflation and supply chain disruptions, along with political challenges following President Trump's executive actions that halted federal permitting and support for wind projects. The company formally requested the termination of its renewable energy certificates with the New Jersey Board of Public Utilities, effectively ending the project. Earlier setbacks included Shell withdrawing nearly $1 billion in investment and the loss of a crucial EPA air quality permit. This cancellation follows similar withdrawals by other developers like Orsted, prompting the state to reassess its offshore wind strategy. Despite the setback, Atlantic Shores' CEO described this as a 'reset period' and expressed openness to future projects if market and policy conditions improve.