A-Power Energy Generation Systems, Ltd.(fka APWR)

[spinning still]

A-Powers wind farm project in Texas may have been partly sold to TriGlobal, LLC (https://www.linkedin.com/company/tri-global-energy-llc?trk=public_profile_experience-item_result-card_subtitle-click) if I understand the information on Shweta Sharma´s LinkedIn page correctly:

https://www.linkedin.com/in/shwetasharma3

Seems like she is hanging in there and doing something with the cadaver A-Power left behind. The money she is making goes back to China I guess... Would be nice if A-Power could rise from the ashes, so the stock got some value again. I have written them off, but they still sit in the brokerage account doing nothing...Anyways, it is nice to see that something is going on there that we helped pay for...

From Shweta´s LinkedIn page:

CEO
Spinning Star Energy LLC

Mar 2011 – Present9 years

Spinning Star Energy is developing a 615 MW wind power project and a 355 miles transmission project in Texas with a total investment of approximately $1.3 billion. SSE is a JV created by a US private equity firm US Renewables Energy Group LLC (US-REG) and Shenyang Power Group LTD (SPG), a chinese investment firm.

• Managed 100% of previous CEO’s duties and replaced his 20 member team, managed those responsibilities singlehandedly for 6 months before building a development team; renegotiated critical contracts to provide significant savings to the company; personally negotiated one of the best tax abatement agreements with the county officials; turned around a terminal issue with an O&G operator on SSE’s wind site in SSE’s favor; personally negotiated contracts, some with very difficult counterparties (regulated, government, land owners and private entities), in SSE’s favor
• Fully developed and sold 175MW wind project to the 4th largest wind developer in the country Tri Global Energy LLC. During this time generated significant interest and bids from Southern Company, Calpine and several other large IPPs in the country
• Developed a large contact base of IPPs, utilities and financial institutions via cold calling and reestablishing previous connections for marketing deal pipeline, originating investments, originating power sales, negotiating PPAs and other critical contracts
• Brought approximately $150 million financing from US and Chinese investor advance stages of closing (financing ultimately did not close)
• Significantly more involvement in legal, operations, engineering, design and onsite activities than usual for a CEO

Spinning Star Energy is developing a 615 MW wind power project and a 355 miles transmission project in Texas with a total investment of approximately $1.3 billion. SSE is a JV created by a US private equity firm US Renewables Energy Group LLC (US-REG) and Shenyang Power Group LTD (SPG), a chinese investment firm.

• Managed 100% of previous CEO’s duties and replaced his 20 member team, managed those responsibilities singlehandedly for 6 months before building a development team; renegotiated critical contracts to provide significant savings to the company; personally negotiated one of the best tax abatement agreements with the county officials; turned around a terminal issue with an O&G operator on SSE’s wind site in SSE’s favor; personally negotiated contracts, some with very difficult counterparties (regulated, government, land owners and private entities), in SSE’s favor
• Fully developed and sold 175MW wind project to the 4th largest wind developer in the country Tri Global Energy LLC. During this time generated significant interest and bids from Southern Company, Calpine and several other large IPPs in the country
• Developed a large contact base of IPPs, utilities and financial institutions via cold calling and reestablishing previous connections for marketing deal pipeline, originating investments, originating power sales, negotiating PPAs and other critical contracts
• Brought approximately $150 million financing from US and Chinese investor advance stages of closing (financing ultimately did not close)
• Significantly more involvement in legal, operations, engineering, design and onsite activities than usual for a CEO
Tri Global Energy, LLC
Project Manager/Consultant
Tri Global Energy, LLC

Feb 2019 – Present1 year 1 month

SSE fully developed and marketed sale of 175MW wind project in Upton County TX in 2018/2019. During this time bids were received from some of the largest IPPs in the US like Southern Power Company, Calpine etc. SSE accepted Tri Global Energy, LLC’s bid and executed a sale agreement in Feb 2019. As part of the sale agreement Ms. Sharma has been contracted to lead residual development and construction.

SSE fully developed and marketed sale of 175MW wind project in Upton County TX in 2018/2019. During this time bids were received from some of the largest IPPs in the US like Southern Power Company, Calpine etc. SSE accepted Tri Global Energy, LLC’s bid and executed a sale agreement in Feb 2019. As part of the sale agreement Ms. Sharma has been contracted to lead residual development and construction.