Under the agreement, Enfinity will provide the financing of the project and will co-manage the installation, contracts and future operations with BNB.
The solar project is under construction on 60 acres of land at the Campbell Soup Company’s production facility in Napoleon.
SunPower will act as the engineering, procurement, and construction services for the project and will provide its Oasis Tracker system.
The ground-mounted project is expected to be completed and operational by the end of this year and is expected to provide about 15%of the soup plant’s annual electricity requirements.
FirstEnergy Solutions will buy the solar renewable energy credits from the project, which will eliminate nearly 250,000 metric tons of CO2 greenhouse gas emissions in the region, creating a positive environmental impact.
Bostonia Partners, which is a financial advisor to BNB, established the partnership between BNB and Enfinity.
The system is estimated to produce more than 14.7 million kilowatt hours during the first year of operation.
