SOURCE: Northland Power Inc.

Northland Power Inc.

February 24, 2015 18:12 ET

Northland Power's 2014 Performance Receives International Recognition From Project Finance International, IR Magazine, and IJ Global

TORONTO, ON--(Marketwired - February 24, 2015) - Northland Power Inc. ("Northland") (TSX: NPI) (TSX: NPI.PR.A) (TSX: NPI.PR.C) (TSX: NPI.DB.B) (TSX: NPI.DB.C), an international producer of wind, solar and thermal power, was recognized by three prominent international publications for its achievements in 2014. The awards were presented at various events throughout the month of February.

On February 4th, Project Finance International, a leading source of global project finance news and information, awarded the Gemini project "Power Deal of the Year" for Europe. Northland is the majority owner of the 600 MW offshore wind project located off the coast of the Netherlands. The award was presented at the publication's annual awards dinner in London, England. The Gemini project represents the largest project-based financing for a renewable energy project in the world.

Also on February 4th, Investor Relations Magazine, a global publication originally launched by the Economist Group, awarded Northland's Paul Bradley "Best Investor Relations (Canada) by a Chief Financial Officer, mid-cap (a company with a market capitalization between $2 and $10 billion)" at their annual awards dinner in Toronto. Paul was selected directly by the investment community, through an investor perception survey issued each year by IR Magazine; all publicly traded companies in Canada are eligible for consideration. Northland was also short-listed for the publication's "Utilities Sector Award".

On February 19th, Infrastructure Journal and Project Finance Magazine (IJ Global), a source for in-depth news, insight and analysis on all aspects of global infrastructure finance presented the Gemini project with two awards at their annual awards ceremony in London: "Wind Deal of the Year" for Europe as well as "Overall Winner" for Europe and Africa.

In addition to the above-noted awards, in November 2014, Northland was named 2014 Business of the Year by the Netherlands-Canadian Chamber of Commerce.

"We are very appreciative of this recognition," said John Brace, CEO of Northland. "I believe we have every reason to be proud of our performance this past year. We achieved record annual sales and growth in 2014, while delivering stable, attractive returns to our shareholders. To have our accomplishments and people recognized by such reputable publications is a welcome affirmation of our business strategy. I would like to thank our partners, shareholders and team for their support and contributions, which provide the foundation for our past and continued success."


Northland is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce 'clean' (natural gas) and 'green' (wind, solar, and hydro) energy, providing sustainable long-term value to shareholders, stakeholders, and host communities.

The Company owns or has a net economic interest in 1,345 MW of operating generating capacity; 640 MW (400 MW net to Northland) of generating capacity under construction, including a 60% equity stake in Gemini, a 600 MW (360 MW net to Northland) offshore wind project in the North Sea near the Netherlands; and 432 MW (332 MW net to Northland) of projects with awarded power contracts under advanced development, including an 85% equity stake in Nordsee One. Northland's cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.

Northland's common shares, Series 1 and Series 3 preferred shares and Series B and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C, NPI.DB.B, and NPI.DB.C, respectively.

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