Shell's Atlantic Shores Wind Projects Receive Federal Approval
SHELShell Global(SHEL) ZACKS·2024-10-04 18:50

The British energy giant, Shell plc (SHEL) , which entered into a joint venture (JV) with EDF-RE Offshore Development, LLC through its subsidiary Shell New Energies US LLC to create Atlantic Shores Offshore Wind, has received final approval from the federal agencies for two of its wind farms. Overview of the SHEL's JV The Atlantic Shores JV is a partnership between SHEL and EDF Renewables where both companies share a 50% stake in constructing two offshore wind farms. The wind farms, located 8.7 miles off th ...