Shell has exited the planned 2.4GW SouthCoast offshore wind project off Massachusetts.
The oil company is selling its stake to its project partner, Ocean Winds North America, a joint venture of EDP Renewables and Engie.
The selling price of the project, formerly called Mayflower, was not disclosed.
"In line with our strategy, Shell continues to hone our portfolio of renewable generation projects in key markets where we have an advantaged position," said Glenn Wright, senior vice president, Shell Energy Americas.
In October, Massachusetts regulators approved SouthCoast Wind 1’s proposal to walk away from its power purchase agreements (PPAs) for a termination fee of $60 million.
The project is eligible to be rebid when Massachusetts, Connecticut and Rhode Island issue their joint request for proposals for offshore wind on 27 March.
Shell has been rolling back its interests in renewable energy globally, though it remains a partner in the 1.5GW Atlantic Shores 1 project off New Jersey with EDF Renewables.
Earlier this month, the US Bureau of Ocean Energy Management issued a notice that it will start a routine environmental review of Atlantic Shores 1.
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