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4.4-Megawatt Solar Array Is Live at Campbell’s World Headquarters

Press Releases

Carport, Roof and Ground-Mount Arrays to Generate the Equivalent of
20 Percent of Campus’s Electricity Demand

CAMDEN, N.J.–(BUSINESS WIRE)–Mar. 12, 2018–
Campbell Soup Company (NYSE:CPB), in partnership with BNB
Renewable Energy Holdings (BNB), SunPower Corp. (NASDAQ:SPWR), and ORIX
USA Corp. (TSE: 8591; NYSE: IX), announced today that the 4.4-megawatt
(MW) solar power project at the company’s World Headquarters is
officially online.

Construction began on the Camden-based project in May 2017. The project
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.

“Campbell’s renewable projects are delivering clean energy to the grid
and demonstrating the viability of energy sources like solar. They
contribute to our long-term sustainability strategy and deliver on our
commitment to expand renewable energy,” said Jim Prunesti, Vice
President of Global Engineering for Campbell Soup.

The Camden project features rooftop, carport and ground-mount solar
solutions, with 2.7MW arrays installed across Campbell’s World
Headquarters campus and an additional 1.7MW 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

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, a diversified
financial company with a strong commitment to renewables. 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.

View aerial footage of the Solar Arrays at Campbell’s Camden

About Campbell Soup Company

Campbell (NYSE:CPB) is driven and inspired by its Purpose, “Real food
that matters for life’s moments.” The company makes a range of
high-quality soups and simple meals, beverages, snacks and packaged
fresh foods. For generations, people have trusted Campbell to provide
authentic, flavorful and readily available foods and beverages that
connect them to each other, to warm memories and to what’s important
today. Led by the iconic Campbell’s brand, its portfolio includes Pepperidge
Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal
Dansk, Kjeldsens
, Garden Fresh Gourmet and Pacific Foods.
Founded in 1869, Campbell has a heritage of giving back and acting as a
good steward of the planet’s natural resources. The company is a member
of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes.
For more information, visit
or follow company news on Twitter via @CampbellSoupCo.
To learn more about how we make our food and the choices behind the
ingredients we use, visit

About BNB

Founded in 2004, BNB Renewable Energy Holdings has developed and
constructed more than 600MW of wind and solar projects in North America
in the last 10 years, having arranged equity and debt financings in
excess of a billion dollars. With offices in New York, Pennsylvania, and
Texas, BNB has a three-year project pipeline in excess of 1,500MW in
North and South America, comprising both distributed-generation and
utility-scale renewable projects. For more information, visit

About SunPower

With more than 30 years of proven experience, SunPower is a global
leader in solar innovation and sustainability. Our unique approach
emphasizes the seamless integration of advanced SunPower technologies,
delivering The Power of One® complete solar solutions and lasting
customer value. SunPower provides outstanding service and impressive
electricity cost savings for residential, commercial and power plant
customers. At SunPower, we are passionately committed to changing the
way our world is powered. And as we continue shaping the future of Smart
Energy, we are guided by our legacy of innovation, optimism,
perseverance and integrity. Headquartered in Silicon Valley, SunPower
has dedicated, customer-focused employees in Africa, Asia, Australia,
Europe, North America and South America. Since 2011, we’ve been
majority-owned by Total, the fourth largest publicly-listed energy
company in the world. For more information, visit

About ORIX USA Corporation

Since 1981, ORIX USA has provided innovative capital solutions that
clients need to propel their business to the next level. Based in
Dallas, ORIX USA has a team of more than 700 employees spanning nearly
20 offices across the U.S. and Brazil. ORIX USA and its family of
companies offer investment capital and asset management services to
clients in the corporate, real estate, municipal and energy sectors,
while holding $6 billion of assets and managing an additional $29
billion, approximately. Its parent company, ORIX Corporation, is a
Tokyo-based, publicly owned international financial services company
with operations in 37 countries and regions worldwide. ORIX Corporation
is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For
more information on ORIX USA, visit

About PSE&G

Public Service Electric and Gas Company (PSE&G) is New Jersey’s oldest
and largest regulated gas and electric delivery utility, serving nearly
three-quarters of the state’s population. PSE&G is the winner of the
ReliabilityOne Award for superior electric system reliability. PSE&G is
a subsidiary of Public Service Enterprise Group Incorporated (PSEG)
(NYSE:PEG), a diversified energy company. For more information, visit
or visit PSEG
on Facebook
on Twitter
on LinkedIn
; or PSEG’s
blog, Energize!

Source: Campbell Soup Company

Campbell Soup Company
Nicky Thomson, 856-342-6283
[email protected]

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