Shell said Thursday that it no longer expected the wind farm to produce the returns it expected and would take a $996 million loss. The lease states that the first year’s rent was $550,000 ...

Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump seeks to stymie the industry’s development with executive orders.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 had touted its intentions to offer “100% renewable electricity plans” in Texas when it launched Shell Energy Solutions ...

Shell has effectively withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest major setback to the state’s clean energy ambitions. Spokespeople told NJ ...

French state-owned EDF announced its exiting the project. The announcement comes three weeks after Shell announced it was withdrawing from the joint venture.

EDF says write down against US offshore wind project it co-owns with Shell follows 'significant evolutions' in policy ...

EDF has acknowledged that the project is now worth less than it was previously and reflected this loss in their financial ...

France’s state-owned electricity firm EDF said Friday it had decided to write down the value of its stake in a major US ...