Shell Officially Backs Out of New Jersey Offshore Wind Leases in Another Blow to the Sherrill

1Houston, TX – Shell New Energies has formally exited the US offshore wind market, withdrawing from the Atlantic Shores Offshore Wind joint venture and transferring its 50 percent stake to partner EDF.

The decision marks the end of Shell’s participation in US offshore wind development.

The company said the move aligns with a broader strategy to redirect investment toward areas with higher returns and stronger alignment with its existing capabilities.

Key Points

Shell has transferred its 50% interest in Atlantic Shores Offshore Wind to EDF.

The withdrawal signals Shell’s complete exit from the US offshore wind sector.

The move follows the 2025 termination of New Jersey’s OREC order for the Atlantic Shores Project 1.

Atlantic Shores development portfolio

Atlantic Shores Offshore Win