financetom
Business
financetom
/
Business
/
New Jersey says it won't award new offshore wind contracts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
New Jersey says it won't award new offshore wind contracts
Feb 3, 2025 10:39 AM

Feb 3 (Reuters) - New Jersey's public utility regulator

on Monday said it would not grant awards for new offshore wind

contracts, days after Shell backed out of the only

project that had finalized a bid.

In a statement, the New Jersey Board of Public Utilities

cited both Shell's withdrawal from

the Atlantic Shores project

and uncertainty regarding federal support for the industry.

"The Board concluded that an award in New Jersey's

fourth offshore wind solicitation, despite the manifold benefits

the industry offers to the state, would not be a responsible

decision at this time," Christine Guhl-Sadovy, president of the

BPU, said in the statement.

Earlier this month, U.S. President Donald Trump

suspended new federal offshore wind leasing

pending an environmental and economic review, saying wind

turbines are ugly, expensive and harm wildlife.

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 >
Analysts' comments after Anthropic unveils new plug-ins
Analysts' comments after Anthropic unveils new plug-ins
Mar 11, 2026
Feb 24 (Reuters) - Artificial intelligence lab Anthropic on Tuesday unveiled 10 new ways for business customers to plug in its technology to key areas of their work, weeks after other releases sparked an aggressive selloff of traditional software company shares. The San Francisco-based startup said its plug-ins could now help with investment banking tasks, such as reviewing deals, wealth-management...
Smith & Nephew Signs Deal to Distribute Dynamic Compression Nitinol Fixation Device
Smith & Nephew Signs Deal to Distribute Dynamic Compression Nitinol Fixation Device
Mar 11, 2026
12:14 PM EST, 02/24/2026 (MT Newswires) -- Smith & Nephew ( SNN ) said Tuesday that it signed a US distribution agreement with RMR Ortho to add the A'TOMIC Nitinol Fixation System to its Trauma, Foot & Ankle and Hand & Wrist portfolio. The company said the system provides compressive fixation implants featuring a wide bridge with barbed, round legs...
Sarepta Therapeutics Says Elevidys Available in Japan for Duchenne Muscular Dystrophy
Sarepta Therapeutics Says Elevidys Available in Japan for Duchenne Muscular Dystrophy
Mar 11, 2026
10:45 AM EST, 02/24/2026 (MT Newswires) -- Sarepta Therapeutics ( SRPT ) said Tuesday that Roche's Chugai Pharmaceutical has launched Elevidys gene therapy in Japan to treat children 3 years old to under 8 years old with Duchenne muscular dystrophy. Sarepta said it will be entitled to a $40 million milestone payment tied to the first commercial sale of Elevidys...
Larimar Therapeutics (LRMR) Surges On FDA Breakthrough Therapy Designation
Larimar Therapeutics (LRMR) Surges On FDA Breakthrough Therapy Designation
Mar 11, 2026
Larimar Therapeutics Inc ( LRMR ) shares are trading sharply higher Tuesday after the company said the U.S. Food and Drug Administration granted Breakthrough Therapy Designation to its investigational Friedreich's ataxia treatment nomlabofusp. The designation covers adults and children with the rare disease and was based on data from an ongoing open-label study. Here’s what investors need to know. Larimar...
Copyright 2023-2026 - www.financetom.com All Rights Reserved