EXTON & ATLANTA, USA: BNB Renewable Energy Holdings and Enfinity America Corp. have announced plans to co-develop a portion of BNB's distributed generation (DG) pipeline in the USA.
The first of several anticipated projects under this joint development agreement is the previously announced 9.8MW solar project which is under construction on 60 acres of land at the Campbell Soup Co.’s production facility in Napoleon, Ohio. The ground-mounted project is the largest commercial “inside the fence” (where all the electricity generated by the installation is utilized by the host operation) solar array currently under construction within the USA. The project is expected to be completed and operational by the end of 2011.
Under the terms of the agreement Enfinity is responsible for arranging the financing of the project and will co-manage the installation, contracts and future operations with BNB. Bostonia Partners (Boston), which is a financial advisor to BNB and specializes in renewable energy finance, established the partnership between BNB and Enfinity.
Campbell will purchase 100 percent of the electricity generated by the Napoleon, Ohio system, which is expected to provide approximately 15 percent of the soup plant’s annual electricity requirements. FirstEnergy Solutions (Akron, Ohio) will purchase the Solar Renewable Energy Credits from the project. The project will eliminate approximately 250,000 metric tons of CO2 greenhouse gas emissions in the region, creating a positive environmental impact.