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Northland Power Inc. ("Northland")
(TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A)(TSX:NPI.DB.B) today
announced it has completed an amendment to its corporate credit facility with a
syndicate of financial institutions led by Canadian Imperial Bank of Commerce
and the Bank of Montreal. The credit facility has been increased from $250
million to $600 million comprising of a $350 million revolving facility and a
$250 million term facility. The revolving facility is available for general
corporate purposes and working capital, which accommodates; issuances of letters
of credit and support of growth and development opportunities. The term facility
will be used to complete funding Northland's investment in Project Gemini. The
Credit Agreement also incorporates a $100 million accordion feature which
provides Northland with access to additional revolving credit if required.


The amended credit facility benefits from lower borrowing rates and allows for
Canadian dollar, US dollar and Euro-denominated borrowings to support
Northland's international growth activities. The maturity of the revolving
facility has been extended from May 2015 to March 2019, with further annual
renewal options; the maturity of the term facility is March 2018 with a 1 year
renewal option. 


Northland CFO Paul Bradley commented, "This amendment confirms the financial
community's confidence in Northland, and reflects the quality and stability of
Northland's cash flows, our continued success in bringing projects into
operation on-time and on-budget, and our commitment to growth particularly with
our sponsorship of the 600 MW Project Gemini in the North Sea."


The syndicate of banks underwriting Northland's credit facility has increased
from nine to eleven and comprises both Canadian and international lenders. 


ABOUT NORTHLAND

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 1,349 MW of operating
generating capacity, with an additional 110 MW (80 MW net to Northland) of
generating capacity currently in construction, and another 150 MW (79 MW net to
Northland) of wind, solar and run-of-river hydro projects with awarded power
contracts. In addition, Northland has acquired the rights to a majority equity
stake in Gemini. Northland's cash flows are diversified over five geographically
separate regions and regulatory jurisdictions in Canada, Europe and the United
States.


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


FORWARD-LOOKING STATEMENTS

This release contains certain forward-looking statements which are provided for
the purpose of presenting information about management's current expectations
and plans. Readers are cautioned that such statements may not be appropriate for
other purposes. Forward-looking statements include statements that are
predictive in nature, depend upon or refer to future events or conditions, or
include words such as "expects," "anticipates," "plans," "believes,"
"estimates," "intends," "targets," "projects," "forecasts" or negative versions
thereof and other similar expressions, or future or conditional verbs such as
"may," "will," "should," "would" and "could." These statements may include,
without limitation, statements regarding the use of proceeds of the Offering and
Private Placement, future adjusted EBITDA, free cash flows, dividend payment and
dividend payout ratios, the construction, completion, attainment of commercial
operations, cost and output of development projects, plans for raising capital,
and the operations, business, financial condition, priorities, ongoing
objectives, strategies and outlook of Northland and its subsidiaries. These
statements are based upon certain material factors or assumptions that were
applied in developing the forward-looking statements, including the design
specifications of development projects, the provisions of contracts to which
Northland or a subsidiary is a party, management's current plans, its perception
of historical trends, current conditions and expected future developments, as
well as other factors that are believed to be appropriate in the circumstances.
Although these forward-looking statements are based upon management's current
reasonable expectations and assumptions, they are subject to numerous risks and
uncertainties. Some of the factors that could cause results or events to differ
from current expectations include, but are not limited to, construction risks,
counterparty risks, operational risks, foreign exchange rates, regulatory risks,
maritime risks for construction and operation, and the variability of revenues
from generating facilities powered by intermittent renewable resources and the
other factors described in the "Risks and Uncertainties" section of Northland's
2013 Annual Report and Annual Information Form, both of which can be found at
www.sedar.com under Northland's profile and on Northland's website
www.northlandpower.ca. Northland's actual results could differ materially from
those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurances can be given that any of the events anticipated by
the forward-looking statements will transpire or occur.


The forward-looking statements contained in this release are based on
assumptions that were considered reasonable on March 7, 2014. Other than as
specifically required by law, Northland undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after such date or
to reflect the occurrence of unanticipated events, whether as a result of new
information, future events or results, or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northland Power Inc.
Barb Bokla
Investor Relations
647-288-1438


Northland Power Inc.
Adam Beaumont
Director of Finance
647-288-1929
(416) 962-6266 (FAX)
investorrelations@northlandpower.ca
www.northlandpower.ca
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