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New NPS 60-24 empowers wind energy in Italy

Northern Power Systems launches new wind turbine for Italian market, empowering wind energy in Italy.

Barre, VT USA (16 July 2014) – Northern Power Systems Corp. (TSX: NPS), a next-generation renewable energy technology company, has launched a new 60 kilowatt (kW) permanent magnet/direct drive wind turbine, the NPS 60-24.

The unit has been specifically engineered for the Italian and other low wind regime markets and can generate up to 15% more energy than the outgoing NPS 60-23. The blade and rotor have been redesigned to maximize annual energy production (AEP), the new nacelle is 30% smaller, and an improved tower configuration provides further operating efficiencies.

The NPS 60-24 is currently exclusively available in Italy. It has been designed to meet local market requirements and government regulations to optimize revenue generating capabilities for owners.

Locally based service teams will help ensure reliability as these new turbines are added to Northern Power Systems’ global fleet of 100kW and 60kW turbines.

The fleet has surpassed 5 million run time hours with over 99% grid-connected median availability and zero incidents since its initial product introduction in 2008.

Reinout Oussoren, Northern Power Systems’ VP of Global Sales, said, “In 2013, the NPS 60-23 surpassed all previous sales records with triple digit orders coming from the Italian market. Northern Power Systems currently has the largest fleet of 60kW wind turbines in Italy and plans to further expand its market leading position. The NPS 60-24 is designed to meet specific new needs and customer expectations in the Italian market, while increasing the company’s addressable market and providing further opportunities for growth.”

For more information contact Jesse Wijnberg (+1 802 461 2955) jwijnberg@northernpower.com.

Notice regarding forward-looking statements:

This release includes forward-looking statements regarding Northern Power Systems Corp. and its business, which may include, but is not limited to, expansion into new markets, and execution of the company’s growth strategy. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of Northern Power Systems Corp. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding the wind power industry, performance and acceptance of the company’s products, economic factors, competition, the equity markets generally and many other factors beyond the control of Northern Power Systems Corp. Although Northern Power Systems Corp. has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Northern Power Systems Corp. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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