Atlantic Shores Offshore Wind

What Atlantic Shores Offshore Wind does

Atlantic Shores Offshore Wind is a private U.S. offshore wind project developer headquartered in Atlantic City, New Jersey, and operating as a joint venture whose sole remaining parent is EDF Renewables North America following Shell New Energies' withdrawal in October 2025. The company is developing a 5+ gigawatt portfolio across three federal lease areas covering more than 400 square miles off the coast of New Jersey and in the New York Bight, anchored by Project 1 (1,510 MW) and Project 2 (combined 2,800 MW), with first power from Project 1 targeted for 2027.

The company's product is utility-scale offshore wind generation using Vestas V236-15MW turbines, monopile foundations designed by Ramboll, subsea export and inter-array cables buried at a six-foot target depth, and four metocean LiDAR buoys feeding public data via MARACOOS. It has built a U.S. supply chain footprint through agreements with EEW American Offshore Structures (monopile manufacturing at Port of Paulsboro), Vestas (nacelle assembly at the New Jersey Wind Port), Riggs Distler (Cardiff Substation expansion), and Creamer-Jingoli (onshore underground cable route). Research partnerships with Rutgers, Stockton University, and ROSA support environmental studies across fisheries, artificial reefs, red knot migration, and EMF mitigation.

Atlantic Shores' business model is business-to-government: it generates revenue through long-term Offshore Renewable Energy Credit contracts awarded by the New Jersey Board of Public Utilities via competitive solicitation, with power delivered to the regulated PSEG grid through the Cardiff Substation interconnection in Egg Harbor Township. End customers are effectively New Jersey ratepayers, with the State of New Jersey acting as the sole contracted offtaker. The original 2021 OREC award for Project 1 was rescinded in 2025 at the developer's request, and a replacement contract from the NJ4 solicitation was not awarded, leaving the company's near-term revenue pipeline contingent on future procurement rounds, New York offtake, or alternative structures.

Name

Atlantic Shores Offshore Wind

Legal name

Atlantic Shores Offshore Wind, LLC

Website

https://atlanticshoreswind.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Atlantic Shores Offshore Wind is a private U.S. offshore wind developer, now solely owned by EDF Renewables following Shell's October 2025 exit, building a 5+ GW portfolio off New Jersey and in the New York Bight to deliver utility-scale offshore wind energy to New Jersey ratepayers.

Ownership category

akta.pro rank

Product category

Offshore Wind Energy Generation

NAICS

Wind Electric Power Generation (221115)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Offshore Wind Project Development & Leasing (EUAMACAB)

akta.pro secondary industries

Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI), Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE)

Keywords

• Offshore wind development
• Renewable energy generation
• Wind farm construction
• Clean power infrastructure
• Marine energy projects

Headquarters

HQ city

Atlantic City

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Offshore Renewable Energy Credits (ORECs): Atlantic Shores sells renewable energy to the State of New Jersey under long-term Offshore Renewable Energy Credit (OREC) contracts awarded through NJBPU competitive solicitations. Project 1 was awarded a contract in June 2021 to deliver 1,510 MW of offshore wind energy. Revenue is earned over the life of the power delivery agreement as electricity is generated and delivered to the grid. Additional project stages (Project 2 and beyond) are subject to separate procurement awards and regulatory approvals.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

Atlantic Shores Offshore Wind develops, constructs, and operates large-scale offshore wind energy projects off the U.S. East Coast. Its flagship Project 1 will deliver 1,510 MW of offshore wind power under a long-term Offshore Renewable Energy Credit (OREC) contract awarded by the New Jersey Board of Public Utilities, with electricity distributed through the regulated utility grid. The portfolio spans more than 400 square miles across three lease areas totaling 5+ GW of potential capacity.

Product overview

Atlantic Shores Offshore Wind is an offshore wind development company operating as a 50:50 joint venture between Shell New Energies US LLC and EDF Renewables North America. The company is structured as a unified offshore wind development platform delivering multiple project phases across its portfolio. Its core offerings include Atlantic Shores Project 1 (1,510 MW, New Jersey's first offshore wind project) and Atlantic Shores Project 2, which together form a 2,800 MW combined capacity approved for construction. The portfolio spans four lease areas totaling over 400 square miles across three designated areas: OCS A-0499 and OCS A-0549 off the New Jersey coast between Atlantic City and Barnegat Light, and OCS A-0541 in the New York Bight. Project 1 is designed to power over 700,000 New Jersey homes with construction scheduled to begin in 2024 and first power delivery in 2027.

Differentiator

Problem solved

Functional benefit

Products and services

• Atlantic Shores Project 1 Offshore wind energy generation project located 10-20 miles off the coast of New Jersey between Atlantic City and Barnegat Light. Designed to generate 1,510 MW of renewable energy, enough to power over 700,000 New Jersey homes, with first power delivery expected in 2027.
• Atlantic Shores Project 2 Follow-on offshore wind energy project to be developed in New Jersey lease areas, forming combined 2,800 MW capacity with Project 1 and approved under the same Construction and Operations Plan to serve over 1 million New Jersey homes.
• Atlantic Shores Offshore Wind Portfolio 5+ gigawatt offshore wind portfolio strategically positioned to meet renewable energy demands of multiple East Coast markets including New Jersey and New York, encompassing four lease areas totaling more than 400 square miles under active development.
• Atlantic Shores Lease Area OCS A-0541 (New York Bight) Offshore wind lease area located in the New York Bight, acquired in February 2022 BOEM auction, enabling Atlantic Shores to support both New Jersey and New York offshore energy development goals.

Quantifiable outcome

• 1,510 MW of offshore renewable energy capacity delivered to New Jersey (Project 1)
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

22 partnerships are on record, tiered core, major and minor.

• Shell New Energies US LLCcoreStrategic or Co-development PartnerAtlantic Shores Offshore Wind is a 50:50 joint venture partnership between Shell New Energies US LLC and EDF-RE Offshore Development LLC (a subsidiary of EDF Renewables North America). Shell brings global offshore wind experience from Shell New Energies Wind, including supply chain management expertise. Note: Shell withdrew from the project in October 2025 per news sources (RechargeNews), leaving EDF Renewables as the remaining partner and the future ownership structure in question.
• EDF-RE Offshore Development, LLC (EDF Renewables North America)coreStrategic or Co-development PartnerAtlantic Shores Offshore Wind is a 50:50 joint venture between Shell New Energies US LLC and EDF-RE Offshore Development LLC (a subsidiary of EDF Renewables North America). EDF Renewables brings decades of renewable energy project development experience. EDF's EDF power solutions subsidiary is referenced as the parent company of Atlantic Shores on the company website. The JV is dedicated to delivering a 5+ GW offshore wind portfolio across US East Coast markets.
• VestascoreTechnology or IntegrationAtlantic Shores selected Vestas as the preferred turbine supplier for its 1.5 GW Project 1 in New Jersey, committing to supply V236-15MW turbines with installation expected in 2027. Vestas intends to establish a nacelle assembly facility at the New Jersey Wind Port in Salem County for hub, cooler top, and heli-hoist module assembly. A full-service operations and maintenance solution will be provided from an O&M base in Atlantic City.
• RambollcoreTechnology or IntegrationAtlantic Shores Project 1 selected Ramboll as the design and structural engineering firm for turbine foundations. Ramboll is a global leader in offshore wind turbine foundation design and brings decades of industry experience. The design service is being led by experts across the US and Europe, supporting local clean tech sector employment in Princeton, NJ and globally.
• EEW American Offshore Structures (EEW-AOS)coreTechnology or IntegrationAtlantic Shores Project 1 signed a Pre-Commitment and Capacity Reservation Agreement (PCCRA) with EEW-AOS for monopile manufacturing at the Port of Paulsboro Marine Terminal. EEW-AOS will be the largest offshore wind manufacturing facility in the US. The PCCRA enables Atlantic Shores Project 1 to fully fabricate monopiles in New Jersey and provides EEW-AOS with order book commitments to support Phase 2 of their facility expansion, including startup assistance for local workforce training.
• Riggs Distler & Company, Inc.majorImplementation/ SI/ Consulting PartnerAtlantic Shores selected Riggs Distler (a Centuri company) to lead the Cardiff Substation expansion program for Project 1. Based in Cherry Hill, NJ with over a century of local market experience, Riggs Distler will handle engineering, procurement, construction, and installation of all new electrical equipment for the 230 kV Cardiff Substation expansion in Egg Harbor Township, Atlantic County.
• Creamer-JingolimajorImplementation/ SI/ Consulting PartnerAtlantic Shores awarded Creamer-Jingoli (a JV between J. Fletcher Creamer & Son, Inc. of Hackensack and JINGOLI of Lawrenceville) an early works contract to engineer and design the full onshore underground cable route for Project 1. The scope includes detailed design for 12 miles of underground infrastructure from Atlantic City landfall to the point of interconnection in Egg Harbor Township, plus field surveys, environmental sampling, and site preparation for duct bank installations.
• Rutgers University Center for Ocean Observing Leadership (RUCOOL) and Tuckerton Marine Field StationmajorStrategic or Co-development PartnerAtlantic Shores partners with Rutgers University for ocean environment research including surfclam fishery modeling (using the SEFES simulator), Cold Pool study, and red knot migration research. Rutgers provides scientific expertise in marine and coastal sciences, and Atlantic Shores funds the research. The company also collaborates with Rutgers Future Scholars Program for first-generation students from low-income backgrounds and the Tuckerton Marine Field Station for data collection.
• Stockton UniversitymajorStrategic or Co-development PartnerAtlantic Shores partners with Stockton University on artificial reef research to study the effects of turbine foundations and scour materials on New Jersey recreational fisheries and how reef effects could differ from existing artificial reefs. The study is designed to inform project planning and scour material selection to support long-lasting artificial reefs within the project area.
• New Jersey Economic Development Authority (NJEDA) WIND Institute for Innovation and TrainingmajorStrategic or Co-development PartnerAtlantic Shores is partnered with NJEDA's WIND Institute for Innovation and Training to prepare the next generation clean energy workforce. Atlantic Shores is also the second major tenant at the New Jersey Wind Port (35-acre lease) managed by NJEDA in Lower Alloways Creek, Salem County, with ~$50 million committed to community programs and strategic partnerships including the WIND Institute.
• New Jersey Board of Public Utilities (NJBPU)coreStrategic or Co-development PartnerNJBPU awarded Atlantic Shores Project 1 an Offshore Renewable Energy Credit (OREC) allowance to deliver 1,510 MW of offshore renewable energy into New Jersey in 2021. Atlantic Shores submitted a bid into NJ's Fourth Offshore Wind Solicitation (NJ4) for Projects 1 & 2, though NJ4 concluded without an award to Atlantic Shores. NJBPU later rescinded Atlantic Shores' contract at the developer's request.
• South Jersey Industries (SJI)minorStrategic or Co-development PartnerAtlantic Shores partnered with South Jersey Industries and JINGOLI on an innovative 10 MW green hydrogen pilot project as part of the Project 1 development, announced as part of the NJBPU award in 2021. The green hydrogen pilot is designed to unlock additional decarbonized energy sources for New Jersey and diversify the renewable energy mix.
• MARACOOSmajorStrategic or Co-development PartnerAtlantic Shores partnered with MARACOOS to publicly release data from its metocean buoys on the OceansMap web platform. MARACOOS (Mid-Atlantic Regional Association for Coastal Ocean Observing) integrates ocean observation data to support research and mariners. Atlantic Shores uses this partnership to share meteorological and oceanographic data collected from its four LiDAR buoys near Lease Area 0499.
• Responsible Offshore Science Alliance (ROSA)majorStrategic or Co-development PartnerAtlantic Shores is a founding member and active funder of ROSA, formed to fund research, build communication, and enhance regional collaboration and cooperative science on offshore wind development and fisheries. Atlantic Shores views ROSA as the primary mechanism for cooperative science between developers and fishermen, supporting topics important to the recreational fishing community.
• New Jersey Audubon SocietyminorStrategic or Co-development PartnerAtlantic Shores partnered with New Jersey Audubon Society, Wildlife Restoration Partnerships (WRP), and U.S. Fish and Wildlife Service for the second phase of the red knot migration study. Up to 60 red knots are being satellite-tagged during migration stopovers in New Jersey and Brazil to inform risk assessment for birds within the Atlantic Shores Lease Area.
• Rowan College of Burlington County Workforce Development InstituteminorStrategic or Co-development PartnerAtlantic Shores partners with Rowan College of Burlington County Workforce Development Institute to provide scholarships preparing South Jersey workforce for offshore wind jobs in transportation, logistics, supply chain, and fabrication sectors.
• EcoComplex WindIgnite Offshore Wind Supply Chain AcceleratorminorStrategic or Co-development PartnerAtlantic Shores partnered with EcoComplex WindIgnite Offshore Wind Supply Chain Accelerator to champion Minority/Women-owned Business Enterprises (MWBEs) and underrepresented small businesses across New Jersey to open the door to business opportunities in the offshore wind industry.
• Ocean County College Barnegat Bay PartnershipminorStrategic or Co-development PartnerAtlantic Shores partnered with Ocean County College's Barnegat Bay Partnership to help restore, protect, and enhance the natural resources of the Barnegat Bay ecosystem near the project area.
• Boys & Girls Club of Atlantic CityminorStrategic or Co-development PartnerAtlantic Shores partnered with the Boys & Girls Club of Atlantic City to create a STEAM lab and provide OSHA10 certification programs, building the changemakers of South Jersey through science, technology, engineering, arts, and math education.
• New Jersey Offshore Wind AllianceminorOthersThe New Jersey Offshore Wind Alliance (NJOWA) is an industry coalition that has publicly supported Atlantic Shores' projects, with Executive Director Paulina O'Connor praising the COP approval as a major milestone for New Jersey's clean energy future.
• International Union of Operating Engineers Local 825majorOthersAtlantic Shores signed a six-union agreement in February 2021 to train and hire New Jersey union workers for construction and maintenance of the wind project. The agreement with IUOE Local 825 and other unions ensures access to skilled labor for the project. Union labor is described as essential to building New Jersey's offshore wind industry.
• EDF Group (Atlantic Shores project reference)coreStrategic or Co-development PartnerEDF Group is referenced in the context of Atlantic Shores' EDF Renewables parent company. A federal judge ruling in May 2026 (from CleanTechnica, published 2026-05-04) referenced EDF Group's Atlantic Shores project proceeding off the coast of New Jersey, confirming the EDF Renewables entity is the primary operating parent. The JV with Shell New Energies was originally 50:50 between Shell and EDF-RE Offshore Development.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ørsted: Global offshore wind leader and the most direct competitor to Atlantic Shores in the US market, developing Revolution Wind, Sunrise Wind, and other Northeast offshore wind projects. Shares the same OREC/offtake contract model, BOEM regulatory pathway, and large-scale project economics.
• Equinor: Major international energy company developing Empire Wind 1 and 2 offshore New York and other US offshore wind projects. Direct competitor for Northeast US offshore wind capacity, lease rights, and supply chain infrastructure.
• Vineyard Wind (Avangrid / Iberdrola): Operating the first commercial-scale US offshore wind farm (Vineyard Wind 1, 806 MW). Direct peer as a US offshore wind developer using the same BOEM permitting framework, Massachusetts/Rhode Island OREC model, and large-scale turbine procurement approach.
• RWE Renewables: German utility developing Community Offshore Wind in New York / New Jersey, directly competing with Atlantic Shores for the same Northeast US offshore wind market and BOEM lease areas. Comparable scale, project structure, and customer base.
• Copenhagen Infrastructure Partners (CIP): Global fund manager developing multiple US offshore wind projects including Vineyard Wind (with Avangrid) and additional Northeast lease areas. Direct competitor for BOEM leases, supply chain partnerships, and project finance.
• Invenergy: US-based independent power producer developing Leading Light Wind offshore New Jersey. Direct competitor for NJ lease areas, OREC contracts, and NJ Wind Port infrastructure, with overlapping target market and customer base.

Broad incumbents

• EDF Renewables North America: Atlantic Shores' continuing JV parent and a major US renewable energy developer with onshore wind, solar, and storage projects across North America. Parent-subsidiary relationship provides capital, technical expertise, and operational scale relevant to comparable project developers.
• Iberdrola (parent of Avangrid): Global renewable energy major with significant US offshore wind exposure through Avangrid (Vineyard Wind, Park City Wind). Operates as a broad incumbent in the same industry and geography with comparable BOEM-permitted projects and customer base.
• TotalEnergies: Global energy major with offshore wind development activities including US Northeast projects. Broad incumbent operating across the full energy value chain with overlapping capabilities in offshore wind development, supply chain, and offtake contracting.
• Shell New Energies: Was Atlantic Shores' 50:50 JV partner from 2018 until October 2025. Historical relationship, shared global offshore wind supply chain expertise, and prior capital commitment make Shell a comparable incumbent — though Shell has publicly retreated from US offshore wind.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ATLShoresWind
• Facebookfacebook.com/atlshoreswind
• LinkedInlinkedin.com/company/atlantic-shores-wind
• Instagraminstagram.com/atlshoreswind

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atlantic Shores Offshore Wind