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Home›Business & Finance›EDF Books EUR 934 Million Atlantic Shores Offshore Wind Impairment, Maintains Projects Could Still Contribute to US, New Jersey Energy Plans
Business & Finance

February 25, 2025 · about 1 year ago

EDF Books EUR 934 Million Atlantic Shores Offshore Wind Impairment, Maintains Projects Could Still Contribute to US, New Jersey Energy Plans

EDF Renewables has booked a EUR 934 million impairment in connection with the Atlantic Shores offshore wind project(s) in the United States, for which EDF’s joint venture partner Shell also recently included impairment charges in its full-year 2024 financial report and said it was pausing its involv

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Atlantic Shores Partners Up with SJI for Green Hydrogen Pilot

The northern part of the block was given a new lease number, OCS-A 0549, and named Atlantic Shores North by the lease owners. The US Bureau of Ocean Energy Management initiated the environmental review of the Atlantic Shores North project at the beginning of last year.

Atlantic Shores Offshore Wind also holds rights for lease area OCS-A 0541, secured in the New York Bight auction in 2022. This lease area is currently referred to by the developer as Atlantic Shores Bight.

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