New Jersey Cancels Fourth Offshore Wind Solicitation as Shell Exits Atlantic Shores Project

The New Jersey Board of Public Utilities (BPU) has canceled its fourth offshore wind solicitation amid significant market challenges and Shell’s withdrawal from the Atlantic Shores project.

The solicitation, which initially targeted between 1,200 MW and 4,000 MW of capacity, faced setbacks when two of three bidders withdrew, leaving Atlantic Shores as the sole remaining participant.

BPU President Christine Guhl-Sadovy cited Shell’s exit as an equity partner and uncertainty in federal actions and permitting as key factors in the decision. “The Board concluded that an award in New Jersey’s fourth offshore wind solicitation, despite the ma…