Corsham-based solar energy and battery storage developer Corsham’s Luminous Energy appoints new chief investment officer has appointed Guy Lavarack to the role of chief investment officer.
Guy, who brings more than ten years’ experience in the renewable energy sector, will be responsible for raising finance for Luminous’ solar energy and battery storage projects, supporting the firm’s long term construction, ownership and operation of them.
Jolyon Orchard, CEO, Luminous Energy said: “We are delighted that Guy has agreed to join us in this pivotal position. Guy’s wealth of experience building a renewables business from 15MW to 150MW valued at more than £150m in six years at Blackfinch Investments, combined with his integrity and character are an excellent fit with our team and business.”
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Guy joins Luminous Energy from Blackfinch Investments, an FCA-registered fund manager with over £700 million of assets under management, where he was Head of Energy.
In this role, he was personally responsible for agreeing £100 million in new equity capital commitments across seventeen separate acquisitions as principal and arranging project finance facilities of more than £200 million from four leading institutions.
Guy Lavarack said: “Renewables is often seen as a quite fragmented market but Luminous is unique in its ability to demonstrate longevity, a diverse portfolio with development activity in the UK and abroad and a ready pipeline of robust, investment-grade projects.
“Luminous is in an excellent position for future growth, and we are open to discussions with institutional investors and funders who are keen to partner with us. Now, more than ever, solar energy has a vital role to play at a local, national, and international level in the fight against climate change and contributing positively to the economy.”
Guy is versed in all stages of the project life cycle, including development, construction, and operations. He has managed the construction of 50MW of solar and wind assets, taking the projects from planning consent through to commercial operations.
David Bryson, COO of Luminous Energy, said: “Luminous Energy’s decision to scale-up by building out its own pipeline of projects follows a successful couple of years both in the UK and Australia. The addition of Guy’s vast experience of structuring, financing and operating projects to Luminous’ management team will set the business on a sure footing as we enter this space.”
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