US joint venture pursue $2.6bn offshore wind project

A joint venture comprising Cal Dive International, Flatiron Construction Corporation and Cashman Equipment Corporation is to pursue the Cape Wind offshore wind project in the US state of Massachusetts.

Cape Wind is America's first offshore wind farm to secure federal and state approval and to be issued a lease to operate by the federal government, reports Energy Business Review.

Construction on the 468 MW project is expected to begin in 2013 with electricity to be generated by 2014.

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