The Team

Meet-our-team

Management

Dave Suit PicDavid Macias
Chairman and CEO

Mr. Macias, age 53, has seven (8) years of renewable energy project experience. Mr. Macias was elected as Chairman of the Board and the Chief Executive Officer of Upower on May 1st, 2013. Upower is a renewable energy developer of Solar Projects Internationally focused on building Utility-Scale Solar Plants and Microgrid installations through Power Purchasing Agreements (PPA's) with governments or national electric companies worldwide. Upower signed via Upower Honduras a PPA with La Empresa Nacional de Energía Eléctrica (ENEE), the Honduran government owned electric company on January 2014 to develop in what became Latin America's largest photovoltaic solar power plant to date, since mid-2015. The project was funded for $232mm and is fully operational on Honduras' west coast city of Nacaome. Mr. Macias, founded and was elected as the Chief Executive Officer of ACE UPI and ACE UPI Chile, SpA as of September 23, 2015, a joint venture company of Upower, co-owned with American Capital Energy of Massachusetts. From October 2011 to December 2014, Mr. Macias was Senior Vice President of Corporate Finance and a large current shareholder of Hydro Alternative Energy, Inc., a Florida corporation specializing in the development of hydroelectric and hydrokinetic power generation with a patented ocean turbine “Oceanus” in Africa and Latin America. Mr. Macias has extensive management training experience and is a long-term veteran of the physical energy and commodities trading business, owning several trading companies over the last decade.

Today, and dating back to April 2005, Mr. Macias is CEO/Chairman and Owner of Sunshine Energy & Commodities, Inc.. Sunshine Energy & Commodities, since March 2008 is an international and domestic marketer, trader, and wholesale distributor consulting clients with petroleum-based including Crude Oil and Distillates and as a supplier to various Minerals, Metals, and other Commodities worldwide by cargo vessel, railcar, pipeline, and truck terminals. It is these relationships and experience fostering opportunities to his position with the Company as CEO of Upower. From April 2005 to October 2011, Mr. Macias was also the CEO of Sunshine Capital Funds, LLC, a Florida financial advisory firm specializing in consulting, private banking, and petroleum procurement services. From December 2002 to December 2005, Mr. Macias served as a Managing Director of Grupo Angulo Abierto Internacional, a global company whose main objective is the creation and promotion of projects and solutions that strengthened Latin American relations through its business and financial consulting activities. Mr. Macias was responsible for facilitating trade finance, project finance, money management, and client relations for such group with $100,000,000 under management as an External Asset Manager.

Mr. Macias also brings over to twenty-five (25) years of Wall Street financial experience. Mr. Macias was a registered and licensed brokerage Financial Advisor until 2013, retiring from the business as 75% Owner of a boutique investment bank and financial advisory brokerage firm Pacific Pearl Group and Pangaea Capital of Pasadena, CA and West Palm Beach, FL. Mr. Macias began his career in 1987 at Lehman Brothers top sales office, at 625 Madison Ave. learning under the mentorship of Martin Shafiroff in N.Y.C., ranked the #1 Wealth Advisor by Barron’s, with over $100 billion in assets under management. Mr. Macias simultaneously also worked in the Operations Department at that time for Shearson Lehman Hutton in their 14 Wall Street office from 1986 to 1990 learning back office while in training and part of the internal apprenticeship program at Lehman Bros. Mr. Macias served in various capacities as a Senior Vice President (“SVP”) of several different FINRA member broker dealer firms, after receiving his series 7 and 63 stock brokerage licenses initially in May 1990 at D.H. Blair & Co., and managed $400,000,000 in assets under management throughout his 25-year career as a Financial Advisor. Mr. Macias also held positions at several institutional and boutique brokerage firms including GKN Securities, Gruntal & Co., Sterling Financial Investment Group, and R.M. Stark & Co., Inc., all Financial Industry Regulatory Authority ("FINRA") member firms where he was involved with such firm’s private clients, private placement, and portfolio asset management activities. While at GKN Securities Corp. from September 1992 through August 1994 and again in the late 1990’s, Mr. Macias served as the top producing SVP and was instrumental in the initial launch, distribution, and capital raising efforts of new exchange traded investment securities such as SPACs (Special-Purpose Acquisition Companies), while heading the Mentor Program for the firm.

Through the encouragement of his late Father, Israel Izzy Macias, a Master Electrician responsible for the joy of millions of people, spearheading the efforts for 30 plus years at Rockefeller Center of Radio City Music Hall and its famous Christmas Tree Lighting, Mr. Macias was a recipient of the national 4-year full tuition Rockefeller Group Scholarship Program based on his academic achievements at Abraham Lincoln High School in Brooklyn, NY. Mr. Macias then graduated from Brooklyn College, a City University of New York, where during his attendance, ranked in the Top Ten as one of America’s Best Colleges by U.S. News & World Report receiving a Bachelor of Science in Business, Management, and Finance with a minor in Spanish in 1989. Mr. Macias is very active in various social and charitable activities with his Mother Irene as his inspiration as 15-year metastasized cancer survivor, who unfortunately passed away as well in 2016, yet continues organizing Breast Cancer Awareness events, hosting Pink Ribbon Parties, and a major contributor to No Small Affair, a charitable organization in which he is active in arranging for and chaperoning underprivileged children to football, baseball, and basketball games with the Miami Dolphins, Florida Marlins, and Miami Heat respectively.

Jorge-AizscorbeJorge Aizcorbe
President

Mr. Aizcorbe, age 68, is Managing Director at RedRock Energy Ventures, Inc. and a proven leader with 30 years as a Pioneer in the Solar Energy industry known for his ability to produce successful outcomes in demanding situations. Having worked as a Strategic Consultant, Investment Banker, and Investor. This divested set of experiences have provided the ability to fuse operational strategy and corporate finance to maximize value creation. Has deployed over 200MW of successful utility scale projects to date. Mr. Jorge Aizcorbe served as a Vice President of Strategic Alliances at American Capital Energy, Inc. until March 23, 2017. Mr. Aizcorbe is the Founder of Principal Solar, Inc. He served as Executive Vice President of Strategic Alliances at Principal Solar, Inc. Mr. Aizcorbe served as Vice President of Strategic Alliances and as Member of Advisory Board at Principal Solar, Inc.

Mr. Aizcorbe has an entrepreneurial background of founding and growing companies. He has innate skills in negotiation, focusing on the individual across the table and leveraging knowledge and experience. He worked for companies such as Chase Capital Partners, Bechtel Industries, Scotts Miracle Gro and Madison Dearborn Partners. His career began with W.R. Grace & Co. in Corporate Development and Merger & Acquisitions. Mr. Aizcorbe founded Solar Systems of Arizona, Kerrys Domeliead and Pwyford Labs and fiber optic company Optreon. Mr. Aizcorbe has provided long-standing support of the Make-a-Wish Foundation and the Wildlife Conservation Network. Mr. Aizcorbe earned his B.B.A. from the University of Florida

Corporate Finance Dept
Regional Director:

 Mr. Robert Seropian

 Or Contact The Investor Relations Dept.