A New Bedford pet food company has received a MassDevelopment bond in order to acquire and install a solar panel array at its manufacturing facility on Blackmer Street.

The array will consist of approximately 1,000 panels, producing about a megawatt of power.

Finicky Pet Food Inc., which sources fresh fish, frozen fish and fish scrap from local fish cutting-houses for processing into pet food, will receive a $5.267 million tax-exempt bond, which MassDevelopment enhanced with two export guarantees.

Bond proceeds will also go toward refunding a previous MassDevelopment bond, which the company used to buy and rehabilitate its manufacturing facility, and purchase land and equipment in 2006.

Webster Bank purchased the bond, and MassDevelopment estimates the project will create 20 construction jobs.

“Finicky Pet Food Inc. provides an integral connection between the south coast seafood industry and the pet food manufacturing industry,” MassDevelopment President and CEO Marty Jones said in a statement. “This tax-exempt bond will help this Gateway City company invest in renewable energy, helping it reduce overall electricity costs and devote more resources to delivering quality frozen seafood to the pet food industry.”