Unable to use native module sharp with Electron 4.0.1

[void-soul]

Output of node_modules/.bin/electron --version: 4.0.1
Operating System (Platform and Version): Windows 10
Output of node_modules/.bin/electron --version on last known working Electron version (if applicable): 3.0.7

Expected Behavior
A native module works when compiled against Electron.

Actual behavior
A native module sharp when required throws the following error:

Error: The specified module could not be found.
\\?\D:\pro\my\project\dmce-erp\client\node_modules\sharp\build\Release\sharp.node
    at process.module.(anonymous function) [as dlopen] (ELECTRON_ASAR.js:160:31)
    at Object.Module._extensions..node (internal/modules/cjs/loader.js:722:18)
    at Object.module.(anonymous function) [as .node] (ELECTRON_ASAR.js:160:31)
    at Module.load (internal/modules/cjs/loader.js:602:32)
    at tryModuleLoad (internal/modules/cjs/loader.js:541:12)
    at Function.Module._load (internal/modules/cjs/loader.js:533:3)
    at Module.require (internal/modules/cjs/loader.js:640:17)
    at require (internal/modules/cjs/helpers.js:20:18)
    at bindings (D:\pro\my\project\dmce-erp\client\node_modules\bindings\bindings.js:84:48)
    at Object.<anonymous> (D:\pro\my\project\dmce-erp\client\node_modules\sharp\lib\constructor.js:10:34)

To Reproduce

setup a .yarnrc file with belows contents
disturl "https://atom.io/download/electron"
target "4.0.1"
runtime "electron"

add a dependency to package.json: "sharp": "^0.21.0"
run yarn
require sharp in the electron app
get the error

sharp's binding.gyp
win_delay_load_hook is not set to false, when I set win_delay_load_hook=true, still have this error

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[MarshallOfSound]

See lovell/sharp#1522 and electron/node-abi#55 (comment)