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BNB Renewable and Enfinity Co-Develop 9.8 Megawatt Solar System at Campbell Soup Plant

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  Published in House and Home on Monday, August 22nd 2011 at 7:42 GMT by Market Wire
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EXTON, Pa. & ATLANTA--([ BUSINESS WIRE ])--BNB Renewable Energy Holdings and Enfinity America Corporation today 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 Companya™s (NYSE: CPB) production facility in Napoleon, Ohio. The ground-mounted project is the largest commercial ainside the fencea (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.

"The construction of this facility marks a turning point towards larger on-site renewable generation in the USA; We look forward to developing additional projects for environmentally conscious companies like Campbell."

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 planta™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.

aThis opportunity to collaborate with Enfinity marks a great milestone in the development of BNBa™s potential DG projects and ensures a successful completion and financing of the Campbell projecta, said Matthew Baird, a principal and founder of BNB Renewable Energy Holdings, aThe construction of this facility marks a turning point towards larger on-site renewable generation in the USA; We look forward to developing additional projects for environmentally conscious companies like Campbell.a

Rafael Dobrzynski, Enfinitya™s Americas CEO, commented aPartnering with BNB means that a range of synergies and complementary skill sets have been used to bring this project to fruition. Our involvement with the Napoleon Solar project validates Enfinitya™s strategy of focusing on large-scale DG installations; moreover, our deep experience with this type of solar project and ability to rapidly deploy capital means we can accelerate the pace of development and implementation. DG projects have continued to be an important part of our USA project pipeline.a

BNB and Enfinity selected SunPower (San Jose, Calif.) to deliver the engineering, procurement, and construction services for the Napoleon solar project. The company will install its SunPower^® [Oasis^®] Tracker system, using high efficiency solar modules. Construction began in early June and is projected to create more than 200 construction jobs in Ohio this summer. When complete, the system is estimated to produce more than 14.7 million kilowatt hours during the first year of operation.

About Enfinity

Founded in 2005, Enfinity is an established leader in renewable energy (the sixth largest in the world in its sector), with operations in Europe, North America and Asia-Pacific. The company finances, develops and builds solar PV projects and also owns its own portfolio of renewable energy installations. Enfinity has been selected to build some of the largest renewable energy projects across the globe, with 200 MW installed and operational worldwide. Further information is available at [ www.enfinitycorp.com ]

About BNB Renewable Energy Holdings

BNB was founded in 2004 to develop utility scale renewable energy projects in the US market. The company has successfully constructed 180 MW of renewable generation and has a pipeline of over 1200 MW of wind and solar power projects in the USA. For more information, visit [ www.bnbrenewables.com ].

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of high-quality foods and simple meals, including soup and sauces, baked snacks and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including aCampbella™s,a aPepperidge Farm,a aArnotta™sa and aV8.a Through its corporate social responsibility program, the company strives to make a positive impact in the workplace, in the marketplace and in the communities in which it operates. Campbell is a member of the Standard & Poor's 500 and the Dow Jones Sustainability Indexes. For more information, visit [ www.campbellsoup.com ].