financetom
Business
financetom
/
Business
/
Atlantic Shores seeks first offshore wind role in New Jersey
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Atlantic Shores seeks first offshore wind role in New Jersey
Jul 11, 2024 9:20 AM

July 11 (Reuters) - Atlantic Shores, a joint venture of

Shell and France's EDF, on Wednesday submitted

a proposal to be the initial provider of offshore wind energy to

the state of New Jersey in the Fourth Offshore Wind

Solicitation.

The project proposed involves Atlantic Shores Projects 1 and

2, which can generate more than 2,800 megawatt of electricity,

enough to serve more than 1 million New Jersey homes combined.

Last year, Atlantic Shores selected Vestas wind systems as a

preferred turbine supplier for its 1.5 gigawatt project in New

Jersey.

In 2020, South Jersey Industries Inc announced a green

hydrogen partnership with Atlantic Shores Offshore Wind.

However, according to an analysis by an industry group, it

is expected that the U.S. will fall far short of the Biden

administration's 2030 offshore wind goal but will catch up

quickly in the following years.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: QuidelOrtho Shares Gain After Q1 Adjusted Earnings Beat Consensus
Update: QuidelOrtho Shares Gain After Q1 Adjusted Earnings Beat Consensus
May 26, 2025
11:52 AM EDT, 05/08/2025 (MT Newswires) -- (Updates headline and first paragraph to reflect stock movement.) QuidelOrtho ( QDEL ) shares rose 36% in recent trading on Thursday after its Q1 adjusted earnings surpassed analysts' consensus. The company reported Q1 adjusted earnings late Wednesday of $0.74 per diluted share, up from $0.44 a year earlier. Analysts polled by FactSet expected...
FTX lawsuit against Tom Brady, Stephen Curry, Shohei Ohtani, others is narrowed
FTX lawsuit against Tom Brady, Stephen Curry, Shohei Ohtani, others is narrowed
May 26, 2025
(Reuters) - A federal judge narrowed but stopped short of dismissing a lawsuit by investors seeking to hold celebrities like sports stars Tom Brady, Stephen Curry and Shohei Ohtani liable for promoting the collapsed cryptocurrency exchange FTX. The investors said the defendants ignored red flags and hid millions of dollars of payments to promote FTX as brand ambassadors, as part...
Apollo-backed Aspen Insurance valued at $3 billion in NYSE return
Apollo-backed Aspen Insurance valued at $3 billion in NYSE return
May 26, 2025
(Reuters) - Shares of Aspen Insurance ( AHL ) rose 10.8% above the offer price in their New York Stock Exchange return on Thursday, valuing the Bermuda-based specialty insurer at $3.05 billion. ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved