...Watch: Check out the 4.4-MW solar project at the Campbell Soup headquarters | Solar Builder

Watch: Check out the 4.4-MW solar project at the Campbell Soup headquarters

The world headquarters of the Campbell Soup Company is now home to a 4.4-MW solar system thanks to BNB Renewable Energy Holdings, SunPower Corp. and ORIX USA Corp. Construction began on the Camden-based project in May 2017 and joins four existing renewable energy projects at Campbell facilities in the U.S.

  • A 9.8 MW solar array in Napoleon, Ohio;
  • A 1 MW solar array in Bloomfield, Conn.; and
  • A 1.2 MW fuel cell and 1.4 MW fuel cell in Bloomfield, Conn.

In total, these projects contribute more than 27,000 MWh of renewable energy to the grid annually.

Project details

The Camden project features rooftop, carport and ground-mount solar solutions, with 2.7 MW arrays installed across Campbell’s World Headquarters campus and an additional 1.7 MW ground mount array on an adjacent 4.5-acre remediated brownfield that BNB purchased specifically for the project, making use of otherwise unusable land and increasing the capacity of the system. It is the largest solar array in the City of Camden.

RELATED: Financing beyond FICO: Using asset-backed loans, PACE to get solar deals done 

The system will generate more than 5 million kilowatt hours of electricity per year, or the equivalent of approximately 20 percent of the annual electricity usage of Campbell’s World Headquarters. Under the terms of a 20-year power purchase agreement (PPA), Campbell has agreed to purchase all electricity from the array at a predetermined rate. The fixed PPA rate, which is currently well below the cost of traditional electricity for Campbell, provides the company with significant savings on power as well as a long-term visibility for this portion of its electricity costs.

The project is jointly owned by BNB and ORIX USA. BNB is managing the project under a 20-year management services agreement with the project company, BNB Camden Solar LLC. The debt is being financed through PSE&G’s Solar Loan Program. The project will also feature five electric vehicle-charging stations, provided by PSE&G via its EV Workplace Charging Program, for use by Campbell employees.

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.

Tags: ,

Comments are closed here.