BNB Renewable Energy Holdings advised of its new agreement with Enfinity America in which the two companies will co-develop projects from BNB’s distributed generation pipeline in the US. The first project the two companies will develop is the 9.8MW ground-mounted solar project, which is under construction at Campbell Soup Company’s facility in Napoleon, Ohio.
Under the partnership, Enfinity will secure the financing for the project and co-manage the installation, contracts and future operations with BNB. The 9.8MW solar project will see Campbell purchase 100% of the electricity generated by the PV system, which is estimated to account for 15% of the plant’s annual electric needs, while FirstEnergy Solutions will purchase the solar renewable energy credits from the project.
“This opportunity to collaborate with Enfinity marks a great milestone in the development of BNB’s potential DG projects and ensures a successful completion and financing of the Campbell project”, said Matthew Baird, a principal and founder of BNB Renewable Energy Holdings, “The construction of this facility marks a turning point towards larger on-site renewable generation in the USA; We look forward to developing additional projects for environmentally conscious companies like Campbell.”
BNB and Enfinity advised that they had formally selected SunPower as their engineering, procurement and construction provider for the Campbell Project. SunPower will install its SunPower Oasis Tracker system for the Ohio-based project. Construction on the solar site began in June with completion and operation expected to occur by the end of 2011. The project is anticipated to generate 14.7 million kWh of solar electricity during its first year of operation.