Andrew Kellar joins Luminia, bringing useful experience and 218 MWs of group photo voltaic tasks
SAN DIEGO, Calif., February 22, 2023 – Luminia has executed a Memorandum of Understanding (MOU) to amass the property, growth sources and pipeline of the New Hampshire Photo voltaic Backyard challenge, together with 15 MWs of group photo voltaic corporations closed in 2022 Luminia will now management and handle the developer’s group photo voltaic portfolio of greater than 218 MWs.
New Hampshire Photo voltaic Backyard founder Andrew Kellar joins Luminia, bringing in depth group photo voltaic experience and a confirmed observe document in Northeast photo voltaic growth. The acquisition follows Luminia’s long-standing partnership with the developer and builds on the corporate’s rising portfolio within the photo voltaic group.
“New Hampshire Photo voltaic Backyard has been an unbelievable accomplice and influential chief in constructing profitable group photo voltaic tasks all through the Northeast,” stated David Area, CEO and Co-Founding father of Luminia. “As we proceed to scale our group photo voltaic enterprise, we’re delighted to welcome Andrew to our staff to steer our inner supply strategy – each straight and with growth companions and strategic off- takers in key markets.”
New Hampshire Photo voltaic Backyard actively serves Maine, New Hampshire, Vermont, Rhode Island, Massachusetts, Connecticut, New York and New Jersey. The corporate is the primary to supply Group Photo voltaic offtake options in New Hampshire on a big scale, impacting many alternative communities. Kellar was instrumental in convincing municipalities to function offtake backstops for group photo voltaic property, main financing and selling innovation within the area. Along with the New Hampshire Photo voltaic Backyard’s Northeast pipeline, Kellar can be bringing greater than 140 MWs of growth tasks to Puerto Rico. He seems ahead to leveraging Luminia’s core competencies for increasing group photo voltaic portfolios throughout the US
“Having been a part of the event of the photo voltaic group within the Northeast since its inception greater than a decade in the past, I’m excited to share my imaginative and prescient and construct credibility with Luminia’s developer companions,” stated Andrew Kellar, Vice President, Luminia Growth. “Being on the developer aspect, I understand how Luminia permits me to spend most of my day doing what I really like, with the platform and help individuals to resolve the monetary and authorized features of the deal that occupies most of my earlier capability.”
Group photo voltaic is a rising market section inside the photo voltaic trade, with help from federal insurance policies together with the Biden Administration and the Division of Vitality’s group photo voltaic pilot applications and the Inflation Discount Act. ten 12 months, 30 % ITC extension. Luminia’s acquisition of the New Hampshire Photo voltaic Backyard will assist help this rising want for brand spanking new group photo voltaic tasks by offering distinctive financing and know-how options for deploying tasks in group photo voltaic at scale. To be taught extra, go to: luminia.io/community-solar
Based in 2019, California-based Luminia offers distinctive monetary and know-how platform options that allow the deployment of business property sustainability enhancements and group photo voltaic tasks at scale. Via novel financing choices and synthetic intelligence-driven business actual property portfolio evaluation, Luminia empowers business and industrial house owners to implement holistic clear power and power effectivity upgrades with out boundaries. Luminia works with property house owners, photo voltaic builders and portfolio managers to ship purpose-built options that provide the best potential financial profit and advance the property’s capability to fulfill ESG necessities . For extra info, go to luminia.io.