Principle Power Announces Appointment of Chief Operating Officer

Seattle, WA (USA), May 15, 2014 – Principle Power, Inc. (Principle Power) is pleased to announce the recent appointment of João Metelo as the Chief Operating Officer and acting Chief Financial Officer.

Mr. Metelo joins Principle Power with over 14 years of experience in the energy sector, having held several executive and leading roles with special focus in finance areas such as M&A, Financing, Strategic Planning and Control.  Prior to joining Principle Power, Mr. Metelo was an Executive Vice President and previously Chief Financial Officer of EDP Renewables North America, having managed and raised several billions of dollars in financings and grants.  While working for EDP, Mr. Metelo managed several large M&A transactions such as the acquisition of Horizon Wind Energy from Goldman Sachs as well as multiple other transactions in renewables and conventional power plants and electric distribution in multiple countries. Earlier in his career he worked in finance with a focus on debt financing and management, namely loans, bonds, commercial paper and credit facilities programs. Mr. Metelo holds a Degree in Economics from Nova University, Lisbon and has completed an Advanced Management Program at the University of Chicago, Booth School of Business.

“As Principle Power transitions from a start-up to a mature operating company, it is important to bring on additional resources, with aligned expertise.  João brings the necessary skills to help facilitate Principle Power’s growth and ensure it is well positioned to capture opportunities in key offshore wind markets,” said Alla Weinstein, President and CEO of Principle Power.