Procurement News Notice |
|
| PNN | 91885 |
| Work Detail | EDF has reduced the value of its stake in the Atlantic Shores wind energy project off the coast of New Jersey by €900 million. This move follows Shell’s withdrawal from the project. The decision comes as a result of significant shifts in United States offshore wind policy, which prompted the company to review its operations. EDF chief executive Luc Remont explained during a conference call with journalist of Agence France-Presse that the evolving policy environment led the board to reassess its offshore strategy. He noted that the revised approach is intended to secure the company’s long-term sustainability and support future development |
| Country | United States , Northern America |
| Industry | Energy & Power |
| Entry Date | 04 Mar 2025 |
| Source | https://www.windtech-international.com/projects-and-contracts/edf-revises-investment-valuation-in-atlantic-shores-wind-project |
