Northern Power Systems Reports Double Wind Turbine Orders in First Quarter 2015

HOMER Energy partner Northern Power Systems reported a double in orders for their distributed wind turbines during the first quarter of 2015. From their press release on 5/14/15:

“Orders for our distributed turbines in the first quarter doubled as compared to the fourth quarter, a strong leading indicator of our return to growth. Furthermore, favorable regulations were formally announced in Italy in April, which are helping to drive continued demand for our turbines in this region… [B]acklog has climbed, our pipeline continues to strengthen, and we remain on track to report annual growth in fiscal 2015 above 2014 levels with what we expect will be a particularly strong back half of the year…The wind industry is gaining more traction around the globe as an alternative energy of choice. We are encouraged and confident in our highly differentiated technology and products.”