The intermittent nature of the wind resources and reactive power consumptions are major issues associated with squirrel cage induction generator wind power system when operated in an island microgrid mode. The resultant effect of these two issues are continuous fluctuations of load voltage which has adverse effects on electrical devices. This paper proposes a voltage regulation technique based on proportional controller and phase deposition sine pulse width modulation (PDSPWM) for the control of 5-level neutral point clamped multilevel inverter. The instantaneous voltage tracking strategy based on root mean square value of microgrid voltage was adopted to regulate and maintain the output load voltage at 400 𝑉𝑟𝑚𝑠 despite rotor fluctuations with wind speeds. The simulation was carried out in a MATLAB/SIMULINK environment and the performance of the control scheme was found to be excellent.