The Team

Meet-our-team

Management

David Macias
Chairman and CEO

Mr. Macias, age 50,  has seven (7) years of renewable energy project experience.  Is Chairman of the Board and the Chief Executive Officer of Upower Group, Inc. since May 2013.  Upower is a renewable energy developer of solar projects internationally focused on building utility-scale Solar power plants 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 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 has extensive management training experience and is a long term veteran of the physical energy and commodities 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 since March 2008, a trading and procurement company specializing in the international trade of bulk petroleum-based cargos (Crude Oil, Gasoline, Ultra Low Sulphur Diesel (ULSD), Low Sulphur Diesel, Gasoil, Naptha, and Jetfuel), minerals, metals (Iron Ore and Coal), and other commodities (Sugar) adding to his “Hands On” experience and “Know How” to his positions with the Company. 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” aiming for deployments in Africa and Latin America.  From April 2005 to October 2011, Mr. Macias was 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.
Mr. Macias brings over to thirty (30) years of Wall Street financial experience.  Mr. Macias was a registered and licensed brokerage firm Owner and Broker in 2013 of a boutique investment bank and financial advisory brokerage firm Pacific Pearl Group and Pangaea Capital of Pasadena, CA and West Palm Beach, FL.  Beginning his career in 1987 at Lehman Brothers in N.Y.C., Mr. Macias worked in the operations department for Shearson Lehman Brothers in their Wall Street office from 1987 to 1990 while in training in 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, managing several hundred million dollars throughout his career as a Financial Advisor.  Mr. Macias held positions over a period of 25 years as Senior Vice President managing assets for Private Clients at several institutional and boutique brokerage firms including Lehman Bros., Shearson Lehman Hutton, GKN Securities, Gruntal & Co., and Sterling Financial Investment Group.  From July 2009 through October 2012, Mr. Macias was associated with R.M. Stark & Co., Inc., a Financial Industry Regulatory Authority (“FINRA”) member firm located in Delray Beach, Florida.  From November 2001 to November 2003, Mr. Macias served as a SVP with Sterling Financial Investment Group, Inc., a FINRA member firm located in Boca Raton, Florida, where he was involved with such firm’s private placement and portfolio asset management activities.  Mr. Macias managed assets, including leveraged buying power, of approximately $400 million, at times, while at such firm.  While at GKN Securities Corp. from September 1992 through August 1994 and from April 1998 through September 1999, Mr. Macias served as a top producing SVP and was instrumental in the initial launch, distribution, and capital raising efforts of new exchange traded investment products such as SPACs (Special-Purpose Acquisition Companies), while heading the mentor program for the firm.
Mr. Macias was 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 as his inspiration as 15-year metastasized cancer survivor, passing away Nov. 9, 2016, by 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 Aizcorbe
Strategic Partner

Mr. Aizcorbe, age 66, is Managing Director at RedRockEnergy Ventures, Inc., is Vice President of Strategic Alliances of American Capital Energy, Inc., and Founder of Principal Solar, Inc., a publicly traded NASDAQ company.  A proven leader 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 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.  He served as Member of Advisory Board at Principal Solar, Inc..  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.

 

Strategic Alliances

GCL

Golden Concord Holdings Limited (GCL) Is a Strategic and Joint Venture Partner with Upower For Both Equipment Procurement and Full Financing of Our Projects

GCL develops, finances, builds, and operates commercial and utility-scale solar photovoltaic (PV) projects. GCL is an integrated energy group that specializes in clean and new energy. GCL is China’s largest non-state-owned green energy holdings company and the world’s largest photovoltaic material manufacturer.
GCL PV Ranking
GCL Group
GCL-Poly Energy
GCL Power Overview
GCL New Energy
GCL System Integration
Poly-GCL Petroleum

 

 

ACE

 

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American Capital Energy, Inc. (ACE) In Joint Venture as ACE UPI, LLC.

American Capital Energy, Inc. develops, finances, builds, and operates commercial and utility-scale solar photovoltaic (PV) projects. With a portfolio of 85 solar photovoltaic projects to date, ACE‘s experience offers services for grid-connected, ground-mounted, and utility-scale projects; and commercial rooftop solar PV systems, solar thermal (hot water) energy systems, fuel cells, and energy storage. The company also provides origination services; development services, including permitting and interconnection services; financing services, such as financing structures, debt, industrial revenue bonds, tax equity, and sponsor equity; engineering, procurement, and construction services; distributed power solutions in the areas of solar photovoltaics, solar thermal, energy storage, and hybrid systems and microgrids; and asset management services that include monitoring and performance optimization. It serves landfill and brownfield solar, commercial and industrial, REITs, utilities and generation, municipalities, and municipal utilities and public power markets in the United States. American Capital Energy, Inc. was founded in 2005 and is based in Lowell, Massachusetts.

ACE Clients

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Wind Turbine and Energy Cables Corp. (“WTEC”) or WTEC Energy

On August 14th, 2013, the Company entered into a Memorandum of Understanding (MOU) and Master EPC Agreement with WTEC Energy (www.wtecenergy.com) which will allow the Company to incorporate WTEC’s Solar Technology into its planned portfolio of energy producing products. WTEC, together with its subsidiaries, are a U.S. domestic and internationally recognized EPC contractor, a.k.a. an engineering, manufacturing, procurement and construction company dedicated to the alternative energy market. WTEC designs and produces products to move energy from the generation point to utility interconnect for both wind and solar energy. WTEC’s approach is to offer a comprehensive package of electrical components, and its goal is to provide a one stop approach to its customers, thereby minimizing errors and maximizing efficiency with a current portfolio of 15 GW Wind and 5 GW Solar projects installed to date.
The WTEC Energy group consists of WTEC, Alternative Energy Development, Corp. (“AED”), and Renewable Energy Resource, Corp. (“RERC”). Additionally, WTEC provides OEM products; AED is the construction unit for WTEC; and RERC provides engineering services.  WTEC manufactures several components in the Solar Industry including Cables, Wiring, Inverters, while WTEC Steel controls an 85% marketshare of the steel used in solar projects across the United States.

WTEC Clients