ORENCO Hydropower Expands Team Internationally with Luciano Pellettieri as European Business Development Manager

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ORENCO Hydropower has expanded its business development activities to Europe with the addition of Luciano Pellettieri to its team. As European Business Development Manager, Mr. Pellettieri will address opportunities for ORENCO’s small hydropower products and services throughout Europe.

ORENCO Hydropower has announced the company has expanded its business development activities to Europe with the addition of Luciano Pellettieri to its team. In the position of European Business Development Manager, Mr. Pellettieri will address opportunities for ORENCO’s small hydropower products and services throughout Europe.

Commenting on the addition to the company, Vice Chairman Mark Matousek said: “We are very pleased that Mr. Pellettieri has joined the ORENCO Hydropower team, which expands our development capabilities internationally and now gives us an ongoing presence in Europe. His experience, skills and expertise will allow us to take advantage of the diverse opportunities in the active European market and better serve potential customers.”

Based near Potenza in Southern Italy, Luciano Pellettieri has over 15 years' experience as a finance director and European representative for various international companies. Most recently, he worked as an advisor for several investment funds, private equity firms and utilities based in Europe and the U.S. to find and select renewable energy projects/assets in wind, hydro and solar, with over 15 MW under management. Mr. Pellettieri also served as European representative for Avant Capital Group, an investment bank based in Shanghai, China. His responsibilities were to find and select renewable energy projects in wind and solar, and to manage about 60 MW of projects for company investors, including acquisition, construction and asset sale. He also served as the Italy Representative for Friedland Global Capital Markets of New York and Castlestone Management of London. As Finance Director, he worked for M.C. Meccanica Cromali S.r.l., Euroline S.r.l. and Pellettieri S.p.A., serving on the Board of Directors for the latter two companies. Mr. Pellettieri received a diploma in Accounting from Istituto Tecnico Commerciale 'Giovanni Falcone' in Potenza, Italy.

His contact information is as follows:

Luciano Pellettieri
European Business Development Manager
ORENCO Hydropower
Phone: +39 09711 835515
Fax: +39 09711 830185
Italian Mobile: +39 39336 45503
European Mobile: +37 25922 9749
Email: lpellettieri(at)orencohydro(dot)com

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ABOUT ORENCO HYDROPOWER
ORENCO Hydropower, Inc. develops small hydropower generation assets at existing dams and waterways that are low-cost and low-impact. The company assembles and manages a portfolio of hydro projects; and provides engineering, equipment procurement and financing for ongoing projects. Products and services include end-to end development of 1 MW to 50 MW hydropower projects; resale and integration of reliable Chinese turbines and generators to other hydro developers – at significant cost advantages; and partnering with small hydro developers to provide project financing and support.

Founded in 2010, ORENCO Hydropower brings together experts in hydro asset design and development, power markets, licensing and business strategy. In addition, key venture partners provide project financing. Based in Palo Alto, California, ORENCO Hydropower builds upon the expertise, experience and international business relationships of ORENCO, Inc., begun in 1979.

For more information, please contact ORENCO Hydropower by telephone at 650-475-4403, by email at info(at)orencohydro(dot)com or online at http://www.orencohydro.com

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For more information, contact:

JILL TURNER, Rodin & Shelley Associates Public Relations
Phone/Fax: 415-346-7300     Email: jillturnerpr(at)gmail(dot)com
        or
MARK MATOUSEK, Vice Chairman, ORENCO Hydropower
Phone: 650-475-4403    Email: mmatousek(at)orencohydro(dot)com
http://www.orencohydro.com

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Jill Turner
Rodin & Shelley Associates
+1 (415) 346-7300
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