This type of performance guarantee programme is normally only seen with utility scale projects and is the first of its kind offered for wind turbines up to 100kW in Britain.
Zürich, Switzerland (PRWEB UK) 13 November 2014
Northern Power Systems (http://www.northernpower.com) (TSX: NPS) has announced its new wind turbines will be backed by its 10-Year Performance Guarantee Programme (PGP) in the United Kingdom.
The PGP will protect owners of the NPS 100, Britain’s best-selling 100 kilowatt (kW) wind turbine, by ensuring 95% availability and 95% performance to power curve over 10 years. This is double the time of the current standard 5-year warranty available from most manufacturers in the British market.
The annual cost for the 10-Year PGP to the customer will be directly linked to annual power production and charged per kilowatt-hour (kWh) produced. Under the programme, both the owner and Northern Power Systems will benefit from turbines meeting and exceeding expected performance.
During the programme NPS will be the sole service provider. Knowing that the wind turbine manufacturer shares the incentive for the turbine to produce maximum energy and return on investment, while offering the lowest total cost of ownership for the turbine’s 20+ year life, provides peace of mind for the turbine owner.
Reinout Oussoren, Vice President Global Sales at Northern Power Systems commented, “This type of performance guarantee programme is normally only seen with utility scale projects and is the first of its kind offered for wind turbines up to 100kW in Britain.”
Graham Hygate, Managing Director at developer Fine Energy commented, “Northern Power Systems’ 10-Year Performance Guarantee brings further financial stability for investors in wind energy. By providing long term backing, we expect it to create opportunities for continued growth in the small wind market.”
About Northern Power Systems
Northern Power Systems designs, manufactures, and sells wind turbines, and provides engineering development services and technology licenses for energy applications, into the global marketplace from its US headquarters and European offices.
- Northern Power Systems has almost 40 years’ experience in technologies and products generating renewable energy.
- Northern Power Systems currently manufactures the NPS™ 60 and NPS™ 100 turbines. With over 5 million run time hours across its global fleet, Northern Power wind turbines provide customers with clean, cost effective, reliable renewable energy.
- Patented next generation permanent magnet/direct drive (PM/DD) technology uses fewer moving parts, delivers higher energy capture, and provides increased reliability due to reduced maintenance and downtime.
- Northern Power Systems offers comprehensive in-house development services, including systems level engineering, advanced drivetrains, power electronics, PM machine design, and remote monitoring systems to the energy industry.
- Some of the world’s largest manufacturers license NPS next generation technology and intellectual property for their utility and distributed wind products and markets.
To learn more about Northern Power Systems, please visit http://www.northernpower.com.
Notice on forward-looking statements:
This press release includes forward-looking statements regarding Northern Power Systems and its business, which may include, but are not limited to, statements with respect to continuing expansion in the markets in which Northern Power Systems sells its products, product performance, competition, execution of the company’s growth strategy and other factors. 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. Although management of Northern Power Systems believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. 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 size and timing of customer orders for Northern Power Systems’ products, performance and customer acceptance of new products, the wind power industry, risks associated with product malfunctions, risks relating to production of Northern Power Systems’ products, market conditions, economic factors, the equity markets generally and risks associated with growth and competition. Although Northern Power Systems 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 laws, forward-looking statements speak only as of the date on which they are made and Northern Power Systems undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Jesse Wijnberg (+44 808 234 6788) jwijnberg(at)northernpower(dot)com