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Fuji Bank Ltd. subsidiary finances Tehachapi project
1 May 1994
A subsidiary of Fuji Bank Ltd provided $19.75 million in construction and term financing for a new wind project in Tehachapi by Cannon Power Corp, which started delivering power to Southern California Edison on April 12. The project, by Canvest Partners I, is of 28 Vestas V-39 turbines from Denmark and two American Cannon C26 turbines. The subsidiary, Heller Financial, had never before invested in wind energy.
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