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November 27, 2015 5:42 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Sustainable Power Group, LLC

Company Overview

Sustainable Power Group, LLC develops, owns, and operates utility and distributed electrical generation systems in Arizona, California, Connecticut, Hawaii, Indiana, Massachusetts, New Jersey, New York, and Utah. The company operates through three divisions: Commercial Energy, Utility Energy, and Land. Its Commercial Energy division owns and operates distributed energy projects for schools, universities, cities, corporations, and other large-scale energy users; Utility Energy division focuses on delivering distribution-level projects in various markets; and Land division owns and leases land and existing renewable assets for sustainable energy projects. The company also constructs, purchases...

2749 East Parley's Way

Suite 310

Salt Lake City, UT 84109

United States





Key Executives for Sustainable Power Group, LLC

Chief Executive Officer and Director
Executive Chairman
Age: 63
Chief Financial Officer
Senior Vice President of Operations
Human Resource Director and Executive Assistant
Compensation as of Fiscal Year 2015.

Sustainable Power Group, LLC Key Developments

Sustainable Power Group Receives Contract for Power Purchase Agreement

Sustainable Power Group received contract for Power purchase agreement (PPA) for 68.8 MW direct current (DC) of solar capacity from Southern California Public Power Authority (SCPPA). The 20-year contract is for sPower's Antelope DSR 1 and 2 projects, which will be built in Lancaster, Los Angeles county and will be brought online next year. Construction is scheduled to start in the middle of 2016. The facilities' alternating current (AC) capacity will be 55 MW. Once up and running, they are expected to produce enough energy for almost 10,000 homes and reduce carbon dioxide (CO2) emissions by about 108,000 tonnes per year.

sPower Announces New Appointments

sPower announced the appointment of David Shipley as its Chief Financial Officer, effective August 24, 2015 and the hiring of Ray Henger as Senior Vice President of Structured Finance. Shipley takes over as CFO after spending the last several months as sPower’s Senior Vice President of Structured Finance. Bob Wowk, sPower’s interim CFO, will be moving on to other ventures but will continue to assist with the transition. Shipley joined sPower in February 2015 from Jones Lang LaSalle where he was a Managing Director in the Capital Markets division.

sPower Breaks Ground on 45-Megawatt Sandstone Solar Facility in Florence, Arizona

sPower announced that construction has begun on its 45-megawatt (MW) Sandstone Solar project in Florence, Arizona. The facility is scheduled to start delivering clean, renewable energy by the end of the year 2015 under a 21-year power purchase agreement between sPower and SRP. The Sandstone project successfully secured required permits and approvals from the Town of Florence and the Bureau of Indian Affairs (BIA) in compliance with the National Environmental Policy Act (NEPA) for a finding of no significant impact (FONSI) for the project’s Environmental Assessment (EA), greenlighting construction to commence.

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