Exhibit C.1
Contract Price Specification
Equipment | Quantity | Unit Price | Total |
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Vestas V82, 1,65 MW, 60 Hz (IEC Class II) Wind Turbine | 18 | $1,130,945 and €946,200 | $20,357,005 |
Including: |
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Delivery to the Delivery Point |
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Tower, 80 meter hub height, IEC II, 4 sections |
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Advanced Grid (LVRT) option |
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Low temperature package |
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Power factor correction |
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Packing of Turbine Nacelles, Blade Sets and Towers at the factory |
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Import duties |
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Commissioning of Wind Turbines |
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Technical Advisors in accordance with the Agreement |
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Customer Training |
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Vestas Online Business SCADA |
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Total Price: |
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| $20,357,005 |
Component of Contract Price | Amount | Exchange Rate ($ per €) | Post-Hedging Amount |
US Dollar Component | $20,357,005 | 1.27 |
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Adjustable Portion | €17,031,600 |
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| Total Contract Price: |
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Exhibit C.2
Payment Schedule
Exhibit C.3
Form of Application for Payment
DATE:
1.
Capitalized terms used, but not otherwise defined, herein have the meanings set forth in that certain Wind Turbine Supply Agreement dated as of September 29, 2006 (the “Agreement”), by and between Vestas-American Wind Technology, Inc., a California corporation (“Supplier”), and Madison Gas and Electric Company, a Wisconsin corporation (“Buyer”).
2.
Pursuant toSection 4.5 of the Agreement, Supplier hereby submits this Application for Payment with respect to the achievement or deemed achievement of the following Supplier Milestone(s) along with documentation related to such Supplier Milestone(s) (Check all that apply):
| Payment Event | Amount Due | ||
A. ____ | Wind Turbines Shipped: _______ Blades have been shipped _______ Turbine Nacelles have been shipped _______ Hubs have been shipped 1. List of serial numbers (or other form of identification)attached. 2. Copies of Shipping Certificates or bills of lading or other evidence of shipmentattached. | $____________ | ||
B. ____ | Tower Sections Shipped: _____ Tower sections have been shipped 1. List of Tower section serial numbers (or other form of identification)attached. 2. Copies of Shipping Certificates or bills of lading or other evidence of shipment attached. | $____________ | ||
C. ____ | Wind Turbine Delivery: _______ Blades have been delivered to the Delivery Point _______ Turbine Nacelles have been delivered to the Delivery Point _______ Hubs have been delivered to the Delivery Point 1. Identification of equipment deliveredattached. 2. Applicable Delivery Certificate or Delayed Delivery Certificate executed by Supplier and countersigned (or deemed countersigned) by Buyerattached. | $____________ | ||
D. _____ | Tower Section Delivery: _______ Tower sections have been delivered to the Delivery Point 1. Identification of equipment deliveredattached. 2. Applicable Delivery Certificate or Delayed Delivery Certificate executed by Supplier and countersigned (or deemed countersigned) by Buyerattached. | $____________ | ||
E. _____ | Commissioning Completion: _____ Wind Turbines have achieved Commissioning Completion 1. Identification of Wind Turbines that achieved Commissioning Completionattached. 2. Applicable Commissioning Completion Certificate or Delayed Commissioning Completion Certificate executed by Supplier and countersigned (or deemed countersigned) by Buyerattached. | $____________ | ||
F. | Final Completion: _____ Final Completion has been achieved _____ The Final Completion payment with respect to ___ Wind Turbines is payable pursuant toSection 4.2.5. 1. Final Completion Certificate or Delayed Final Completion Certificate executed by Supplier and countersigned (or deemed countersigned) by Buyerattached. | $____________ | ||
| G. _____ | Punch List Holdback Amount: _____ Supplier has completed the following Punch List item: [___________] [i.e. specify the Punch List item completed] | $____________ | |
H. _____ | CHANGE ORDERS (check all that apply): ____ Supplier has performed such portion of the Equipment Supply Obligations described in Change Order No. [____] as [_____________] [i.e. specify the payment event] 1. Documentation identified in the Change Order reflecting completion of the relevant Equipment Supply Obligationsattached. | $____________ | ||
I. ____ | Other Payment Events: A payment event other than those listed above has occurred and is described in theattached. | $____________ | ||
| Total Payment: | $____________ |
3.
____ (check if applicable) Attached is a Vestas-American standard invoice for amounts due (provided that any terms for payment set forth therein shall be superceded by the terms and conditions of the Agreement).
4.
Payments to Supplier shall be wire transferred in accordance with the following instructions:
Wachovia Bank
Charlotte, NC
ABA No.: 053000219
Account No. 2000022-984115
Account Name: Vestas-American Wind Technology, Inc.
5.
The person signing immediately below is authorized to submit this form for and on behalf of Supplier.
Vestas-American Wind Technology, Inc. | |
By: Name: Title: |
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Exhibit C.4
Supplier’s Account Information
Payments in United States Dollars to be made by wire transfer to the following account:
Wachovia Bank
Charlotte, NC
ABA No.: 053000219
Account No.: 2000022-984115
Account Name: Vestas American Wind Technology, Inc.
And e-mail wire details to: ar@vestas-awt.com