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Siemens May Help Fund Cape Wind Power Project, U.S. CEO Says

Siemens AG is in talks to help finance the construction of Cape Wind.

Backing the controversial wind farm off the coast of Massachusetts would ensure that the developers purchase Siemens turbines and may spur demand for offshore wind power in the U.S., according to Eric Spiegel, chief executive officer of Siemens Corp., the Munich-based company’s U.S. unit.