Cape Wind has yet to clear one major regulatory hurdle: the Federal Aviation Administration is reviewing the project after opponents appealed its initial approval in 2010.

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In January, six months after giving conditional approval, the Energy Department notified Severstal that it would not fund the Dearborn project after all putting plans for a third line for even more advanced steels on hold.

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However, this comes just two months after Algerian stakeholders in the project announced that their own concerns about logistics and pricing formulas would push back local approval until at least May of this year.

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