Lanthanide (III) complexes are used extensively in solar conversion devices, such as Luminescent Solar Concentrators (LSCs) and Luminescent Down-Shifting (LDS) for their peculiar characteristics of narrow band emission, avoidance of re-absorption losses due to large Stokes shift and possibility of high photoluminescence quantum yield (PLQY). The study has looked into the synthesis of Ln (III) complexes of the general formula: [Ln(hfac)3DPEPO], where DPEPO = bis(2-(diphenylphosphino)phenyl)ether oxide, and hfac = hexafluoroacetylacetonate. The work presented in this thesis focuses on the synthesis, and subsequent photophysical characterisation of these Ln(III) complexes, plus characterisation and spectroscopic study of [Tb(pobz)3(hacim)2], (where Hpobz = phenoxybenzoic acid, and Hacim = acetylacetone imine), yielding results that open new design of functional Ln(III) systems. Spectroscopic study of Chromium dioxalate and analogous compounds has revealed that with the appropriate design, Cr(III)Ln(III) energy transfer can be achieved, while study of polyaromatic hydrocarbons (PAH) such as coronene, enable to explore a ligand with better absorption in the whole UV region. These results open attractive perspectives for light-conversion systems, such as LSC devices.