June 10, 2025 — Atlantic Shores is pulling the plug on its offshore wind farm project in South Jersey, saying President Donald Trump’s war on wind and worsening economics for the fledgling industry have made the project “no longer viable.”
The project, which lost its partner when Shell pulled out, also was stripped of a key environmental permit, without which the project cannot be built.
On June 4, the company filed a petition with the New Jersey Board of Public Utilities asking to terminate the order approving the project.
In a statement from its CEO, Atlantic Shores seemed to indicate it remains open to future offshore wind projects, calling the request “a reset period.”
“This filing marks the closing of a chapter, but not the end for Atlantic Shores,” said Joris Veldhoven. “Offshore wind continues to offer New Jersey a strong value proposition that includes thousands of good paying jobs, stable power prices, and real economic benefits.
“While no ratepayer money or subsidy was spent on Atlantic Shores Project 1, this reset period presents us an opportunity to ensure utility customers continue to get a fair deal for critical infrastructure delivery,” he said. “And with record demand for electricity outpacing supply, one thing’s for sure: New Jersey needs more power generation.
“Atlantic Shores stands ready to deliver high-capacity factor projects that will safeguard American business interests, support energy security, and improve quality of life for millions of Garden State residents,” he said.