The reservation agreement enables Mont Louis Wind to secure a manufacturing and delivery schedule for the 61 A-1650 wind turbines while a turbine supply agreement (TSA) and warranty, maintenance and service agreement (WMSA) are being agreed upon by Mont Louis Wind and AAER. Mont Louis Wind and AAER have agreed on a cost-plus structure for the supply of the wind turbines.
The final pricing and other terms and conditions will be set at the signature of the TSA. The overall sale price is currently estimated at approximately $142 million. The 61 A-1650s are scheduled for delivery during the third quarter of 2010.
Dave Gagnon, president and CEO of AAER, said: This agreement is a milestone for AAER as it represents the lead order for our new 1.65MW A-1650 wind turbine and provides important validation of our turbine technology and production capacity.
