{"id":286714,"date":"2023-11-05T17:35:18","date_gmt":"2023-11-05T16:35:18","guid":{"rendered":"https:\/\/climatescience.press\/?p=286714"},"modified":"2023-11-05T17:35:21","modified_gmt":"2023-11-05T16:35:21","slug":"shell-exits-us-southcoast-wind-farm-contract-agrees-to-pay-penalty","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=286714","title":{"rendered":"Shell Exits US Southcoast Wind Farm Contract, Agrees to Pay Penalty"},"content":{"rendered":"\n
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Shells\u00a0finance chief said on Thursday the firm had exited a power purchase agreement (PPA) for the planned SouthCoast windfarm off the coast of Massachusetts, agreeing to pay a penalty rather than face rising costs for building the project.<\/em><\/strong><\/p>\n\n\n\n

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https:\/\/www.reuters.com\/business\/energy\/shell-exits-us-southcoast-wind-farm-contract-agrees-pay-penalty-2023-11-02\/<\/a><\/figcaption><\/figure>\n\n\n\n

LONDON (Reuters) – Shell’s finance chief said on Thursday the firm had exited a power purchase agreement (PPA) for the planned SouthCoast windfarm off the coast of Massachusetts, agreeing to pay a penalty rather than face rising costs for building the project.<\/p>\n\n\n\n

Energy firms from BP to Orsted have announced hefty writedowns in recent days for their U.S. windfarm projects in the face of high inflation.<\/p>\n\n\n\n

\u00a0Read the\u00a0<\/strong>Original article here.\u00a0<\/strong><\/a><\/strong><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shells\u00a0finance chief said on Thursday the firm had exited a power purchase agreement (PPA) for the planned SouthCoast windfarm off the coast of Massachusetts, agreeing to pay a penalty rather than face rising costs for building the project. LONDON (Reuters) – Shell’s finance chief said on Thursday the firm had exited a power purchase agreement […]<\/p>\n","protected":false},"author":121246920,"featured_media":286722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Shells\u00a0finance chief said on Thursday the firm had exited a power purchase agreement (PPA) for the planned SouthCoast windfarm off the coast of Massachusetts, agreeing to pay a penalty rather than face rising costs for building the project.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691820412,691820753,691819831,691824312,691818879],"class_list":{"0":"post-286714","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-massachusetts","9":"tag-orsted","10":"tag-shell","11":"tag-us-southcoast","12":"tag-wind-farm","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00Shell-Logo-Wallpaper.jpg?fit=1920%2C1080&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1cAq","jetpack-related-posts":[{"id":372954,"url":"https:\/\/climatescience.press\/?p=372954","url_meta":{"origin":286714,"position":0},"title":"Beach Town Poised to Use Green Left\u2019s Favorite Legal Strategy Against Massive Offshore Wind Project","author":"uwe.roland.gross","date":"31\/03\/2025","format":false,"excerpt":"The town of Nantucket, Massachusetts looks set to use one of the green left\u2019s go-to legal strategies against a massive offshore wind farm supported by liberal environmentalists.","rel":"","context":"In \"Biden Administration\"","block_context":{"text":"Biden Administration","link":"https:\/\/climatescience.press\/?tag=biden-administration"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/02L3HNWEQAJOBFDCNIPGJJIW32U.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/02L3HNWEQAJOBFDCNIPGJJIW32U.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, 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leases.","rel":"","context":"In \"construction and operations plan (COP)\"","block_context":{"text":"construction and operations plan (COP)","link":"https:\/\/climatescience.press\/?tag=construction-and-operations-plan-cop"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQM1lxesy3_WQKys0FnfVFM8ZfOuxxWQRRR2HGsQkJFR8XSNb58kGhLAe2ZufXiaBbr3tc0WeNNcpxrUEjnIZgKlE5-JScy072SHXI3f_Gz1xPQLpsAAJd_XQQrhMGJn.jpeg?fit=1200%2C771&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQM1lxesy3_WQKys0FnfVFM8ZfOuxxWQRRR2HGsQkJFR8XSNb58kGhLAe2ZufXiaBbr3tc0WeNNcpxrUEjnIZgKlE5-JScy072SHXI3f_Gz1xPQLpsAAJd_XQQrhMGJn.jpeg?fit=1200%2C771&ssl=1&resize=350%2C200 1x, 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