The Export-Import Bank of the United States (Ex-Im Bank) is awarding Northern Power Systems (NPS), a Vermont-based company that designs, manufactures and sells wind turbines globally, its Renewable-Energy Exporter of the Year Award. The honor was given today during the Bank’s 37th Annual Conference in Washington, D.C.
“Northern Power Systems is a great example of an innovative company that is creating American jobs by helping other nations meet their energy needs,” said Fred P. Hochberg, chairman and president of the Ex-Im Bank. “Ex-Im’s financing for renewable energy projects exceeded $720 million last year, and the Bank remains committed to supporting U.S. exports in this vital sector.”
NPS 100 wind turbines are exported into European Feed-in-Tariff (FIT) wind farms and hybrid power applications. Typically, the wind energy offsets diesel-generated power. To help grow its business, NPS recently used Ex-Im Bank’s Renewable Express financing to export 55 wind turbines for a FIT project in Italy. This was the largest export sale from the U.S. to date.
John P. Danner, President and CEO of Northern Power Systems said of the award, “Ex-Im Bank helps NPS successfully compete in global markets by allowing us to offer customers very attractive project financing. We are looking forward to expanding our relationship with Ex-Im beyond Italy to the United Kingdom and numerous other markets.”