Campbell Soup Company announced that it has entered into a power purchase agreement (PPA) with BNB Napoleon Solar LLC, a wholly owned subsidiary of BNB Renewable Energy Holdings, of Exton, PA, to construct a 9.8-megawatt capacity PV solar power generation system on 60 acres at the company's largest plant in Napoleon, Ohio.
Campbell will lease the land to BNB, which will own the system and be responsible for its financing, construction, operation and maintenance. Under the PPA, Campbell will purchase all of the electrical power generated by the system. FirstEnergy Solutions will purchase the solar renewable energy credits from the project. Over the course of the 20-year PPA, Campbell expects to save up to $4 million dollars on energy costs. A TV news segment on the deal is available here.