Storage Luminous Energy hires CIO to help company build, own and operate solar and battery storage projects
Luminous Energy has confirmed it has hired Guy Lavarack as chief investment officer (CIO). In the new role, Lavarack will be responsible for raising finance for Luminous’ solar energy and battery storage projects, to enable the company to build out, own and operate them in the long term “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.” Lavarack has also overseen the construction of 50MW of solar and wind assets, taking the projects from planning consent through to commercial operations. In May, Welbar Energy Storage joint venture – made up of Penso Power and Luminous Energy – secured planning permission for a 350MW connection capacity battery storage development in North Warwickshire. The Hams Hall site includes approval for more than 1,750MWh of battery storage, with the lithium-ion battery asset having scope for more than five hours of duration.