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 >
CGI Up 2.9% In US Premarket Trade After Saying It Was Appointed as Strategic Delivery Partner to UK Cabinet Office for Digital Transformation
CGI Up 2.9% In US Premarket Trade After Saying It Was Appointed as Strategic Delivery Partner to UK Cabinet Office for Digital Transformation
Mar 27, 2024
07:25 AM EDT, 03/27/2024 (MT Newswires) -- CGI (TSX: GIB.A and NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, said Wednesday it has been selected by the UK Government's Cabinet Office as a Strategic Delivery Partner for the Cabinet Office Digital (CO Digital) department. A statement said the five-year contract is valued...
Market Chatter: Phillips 66 Says Activist Investor Elliott Accepts Plan to Improve Performance
Market Chatter: Phillips 66 Says Activist Investor Elliott Accepts Plan to Improve Performance
Mar 27, 2024
07:23 AM EDT, 03/27/2024 (MT Newswires) -- Phillips 66 (PSX) Chief Executive Mark Lashier said activist investor Elliott Investment Management has accepted management's plans to improve the company's financial performance, Reuters reported Tuesday. They've bought into our plans that we already had in place, Lashier told Reuters in an interview. Elliott sees the progress. Elliott said in November that it...
EU's top court rejects Amazon's request to suspend EU tech rules' ad clause
EU's top court rejects Amazon's request to suspend EU tech rules' ad clause
Mar 27, 2024
BRUSSELS (Reuters) - The European Union's top court on Wednesday said it had rejected a request by Amazon ( AMZN ) to suspend its obligation to make an advertisement repository publicly available. ...
Star Diamond Completed Acquisition of Rio Tinto's 75% Interest in JV
Star Diamond Completed Acquisition of Rio Tinto's 75% Interest in JV
Mar 27, 2024
07:18 AM EDT, 03/27/2024 (MT Newswires) -- Star Diamond Corp ( SHGDF ) overnight Tuesday announced the completion of its previously announced transaction with Rio Tinto Exploration Canada Inc. (RTEC) whereby RTEC has transferred to Star Diamond ( SHGDF ) its 75% interest in the Fort a la Corne diamond project in central Saskatchewan. Star Diamond ( SHGDF ) now...
Copyright 2023-2026 - www.financetom.com All Rights Reserved