The irrational exuberance that peaked at the Feb. 2022 New York Bight Wind Sale already seems like a distant memory.
In their quarterly earnings report released on Jan. 30, Shell disclosed a $996 million impairment associated with their withdraw from the controversial Atlantic Shores wind project offshore New Jersey.
Shell is no longer a participant in any US offshore wind projects. This leaves Equinor (2/3 Norwegian govt ownership) as the only major oil company pursuing US offshore wind development.
Those Atlantic states that have linked their economic future to offshore wind better be reassessing their energy strategy.
Bud's Offshore Energy (BOE) 