4.4 MW PV system at Campbell Soup’s headquarter
Post date: 18/05/2017 - 14:10
Campbell Soup Company, in partnership with BNB Renewable Energy Holdings (BNB), Sunpower Corp., and Orix USA Corp. broke ground on a 4.4 MW solar power project at the company’s world headquarters in Camden, New Jersey. Scheduled to come online in fall 2017, the system will provide energy to Campbell through a 20-year power purchase agreement (PPA) and generate more than 5 million kilowatt hours of electricity per year. According to the company, the fixed PPA rate, which is currently lower than the cost of traditional electricity for Campbell, »provides the company with long-term visibility for this portion of its electricity costs.« The project will also feature five electric vehicle-charging stations.
The project, developed by BNB, will feature Sunpower’s rooftop, carport and ground-mount solar solutions. At Campbell’s 38-acre campus, 2.7 MW will be installed on the rooftops of existing structures and on new solar canopies that will be erected in the parking lots. An additional 1.7 MW will be installed on an adjacent 4.5-acre remediated brownfield that BNB purchased specifically for the project.
The system in Camden will be the third solar project that BNB has developed for Campbell, following the 9.8 MW system at Campbell’s facility in Napoleon, Ohio, and the 1 MW system at Campbell’s Pepperidge Farm bakery in Bloomfield, Connecticut. BNB and ORIX USA, a diversified financial company, will jointly own the project. The term debt is being financed through PSE&G’s solar loan program.