NORWALK, Conn.–(BUSINESS WIRE)–Apr. 7, 2015–
Campbell Soup Company (NYSE:CPB), in partnership with BNB
Renewable Energy Holdings and SunPower Corp. (NASDAQ: SPWR), today
announced that a 1-megawatt (MW) solar array at its Pepperidge Farm
bakery in Bloomfield has officially come online. Commercial operation
for the solar array, which is generating the equivalent of 15 percent of
the bakery’s annual energy demand, began on Dec. 26, 2014.
The ground-mounted, fixed-tilt array comprises 2,720 high-efficiency
SunPower solar panels and sits on five acres of land leased from
Pepperidge Farm. In its first year, the array is projected to produce
more than 1.7MM kilowatt-hours of electricity.
The solar array in Bloomfield is the second largest to be installed at
facilities owned by Campbell, Pepperidge Farm’s parent company, and it
is one of the very few solar arrays operating at manufacturing sites in
the industry. The Bloomfield array marks the latest step in the
company’s sustainability initiatives to support the use of renewable
energy. By 2020, Campbell aims to reduce energy use by 35 percent per
ton of product produced and source at least 40 percent of the energy
used by the company from renewable or alternative energy sources.
“We have been proud to work with our partners BNB and SunPower, along
with the town of Bloomfield, to complete construction of this renewable
installation,” said Harry Pettit, Manager of Systems and Infrastructure
Engineering at Pepperidge Farm. “Pepperidge Farm has agreed to purchase
the equivalent of 100% of the electricity produced by the system for 20
years. These efforts are part of Campbell’s long-term strategy to cut
the environmental footprint of our product portfolio in half and deliver
long-term value to our business and the communities where we live and
Pepperidge Farm and BNB Renewable Energy Holdings (BNB), its corporate
partner on renewable projects, began development of the project in 2012.
A key to the project’s success is a power purchase agreement (PPA) under
which Pepperidge Farm buys electricity at rates that are competitive
with retail electricity, providing a hedge against rising electricity
rates while supporting renewable energy development. Through the state
of Connecticut’s Low and Zero Emissions Renewable Energy Credit Program,
administered by Eversource Energy (formerly Connecticut Light & Power)
and the United Illuminating Company, BNB secured an agreement with
Eversource for the utility to purchase the solar renewable energy
credits and environmental benefits associated with the system.
SunPower, a leading global solar technology and energy services
provider, provided engineering, procurement and construction services
for the project, and the project was financed through PNC Energy
Capital, LLC. With the closing of financing, SunPower, working with BNB,
will provide operations and maintenance services for the life of the
BNB and SunPower previously collaborated with Campbell on a 9.8MW solar
array at Campbell’s production facility in Napoleon, Ohio. That solar
array, which provides the equivalent of about 15 percent of the Napoleon
plant’s total annual energy draw, came online in December 2011.
About Campbell Soup Company
Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food
that matters for life’s moments.” The company makes a range of products
from high-quality soups and simple meals to snacks and healthy
beverages. 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 its iconic Campbell’s brand, the company’s
portfolio includes Pepperidge Farm, Goldfish, Bolthouse
Farms, V8, Swanson, Prego, Pace, Plum
Organics, Arnott’s, Tim Tam, Royal Dansk and Kjeldsens.
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 www.campbellsoupcompany.com
or follow company news on Twitter via @CampbellSoupCo.
About BNB Renewable Energy Holdings
BNB Renewable Energy Holdings, with offices in New York City, Boston,
Austin, Texas, and Exton, Pa., is a developer of both
distributed-generation and utility-scale wind, solar, and biogas power
plants and has developed and constructed nearly 500MW of renewable
generation throughout the United States. BNB is actively developing more
than 1GW of generation, including utility-scale wind and solar in Texas
and Mexico and several inside-the-fence renewable projects for Campbell
Soup, Pepperidge Farm, and other Fortune 500 companies. For more
information, visit www.bnbrenewables.com.
SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the
highest efficiency, highest reliability solar panels and systems
available today. Residential, business, government and utility customers
rely on SunPower’s 30 years of experience and guaranteed performance to
provide maximum return on investment throughout the life of the solar
system. Headquartered in San Jose, Calif., SunPower has offices in North
and South America, Europe, Australia, Africa and Asia. For more
information, visit www.sunpower.com.
Source: Campbell Soup Company
Campbell Soup CompanyThomas Hushen, 856-342-5227[email protected]
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