LONDON, Dec 4 (Reuters) - Shell (SHEL.L), opens new tab is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that ...

The offshore wind industry is floundering as President Donald Trump reverses Biden-era policies designed to boost the industrialization of America’s ...

Shell's exit follows a similar decision by Danish wind developer Orsted, which scrapped two New Jersey offshore wind farms in October 2023, citing financial unviability.

Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump seeks to stymie the industry’s development with executive orders.. It’s ...

Shell is not the first company to pause or drop investments in offshore wind projects along the Jersey Shore. In 2023, Danish wind developer Ørsted pulled out of two planned projects off the coast of ...

Days after oil and gas giant Shell backed out of New Jersey’s first offshore wind farm pointing to financial reasons, the state on Monday did not award any bids for a fourth round of ...

Google LLC and Shell PLC have partnered to extend the life of the NordzeeWind project, the first wind farm on the Dutch side of the North Sea according to Shell, by at least four years.

Atlantic Shores Offshore Wind petitioned the New Jersey Board of Public Utilities to terminate its Offshore Renewable Energy ...

Shell in recent months scaled back operations in offshore wind, solar and hydrogen, sold retail power businesses, refineries and some oil and gas production, including in Nigeria.