In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects.. MELPOMENE: Do you think that giving people ownership is the way to motivate them? What: Equis is focused on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure assets. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] Do you worry about that? "It was like the last supper," one onlooker said. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. They had reason to celebrate. He covers the Asia Pacific region and is based in Singapore. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? PDF For Immediate Release Equis Acquires South Korean Hybrid Solar Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Alberici vowed she would never front a TV show again after exiting the ABC. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? DAVID: Definitely. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. Private equity: The inside story of Equis and its partners' $800 Shane Warne sold the Brighton mansion for about $20m in 2018. My mentor at that time made a habit of calling me for work even at 1 a.m. And they have a 24-hour turn over, so no matter how late your client meeting ends, you have to finish your work by the next day. I like to think that I dont have a fear of heights, but the idea of jumping out of a plane and not knowing for sure if the parachute is going to work can be intimidating. He has delivered assets in Europe, Middle East and Australia. David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . Credit:Jason South. Employ over 400 people during the construction phase. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Others Named David Russell. Founding partner and chief executive David Russell has reportedly paid close to $20 million for theMelbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house ofIT entrepreneur Danny Wallis. Ive always worked long hours and that hasnt changed. It works better for senior management, while the junior staff is more interested in salary and annual bonuses rather than something that could be paid out 5 or 10 years later. David Russell - Equis In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. David Russell | Sad Business School Equis Commissions Additional 5 MW of Solar Projects in Taiwan MELPOMENE: Why did you decide to strike out on your own? We felt that we deserved to be paid well because we were certainly working hard. David Russell VZIO stock SEC Form 4 insiders trading Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. "Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Those inside the restaurant overheard the dinner was held to mark his release from jail. That grew to be OzHarvest. Like the Mosman house, Marshs purchase on the Noosa waterfront is also expected to be a rebuild, withDA plans for a rebuild already lodged with Noosa Council. David is also . When I left my previous employer, I didnt realize how risky it actually was. DAVID: They are expected to chase and secure opportunities, and I review their decisions just to make sure that what we put in place for, say the Philippines, is consistent across our entire business. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. DAVID: I get people coming out of Europe and the U.S. saying that theyre worried about Asian re-regulation risk and governments taking away our assets, but that happens even in Southern Europe. being driven to the Seminary of the Good Shepherd. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. The other guests in the restaurant said they had to pinch themselves. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. MELPOMENE: Has ownership changed your motivation towards work? Its interesting how that has come full circle. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. David Russell earned his B.F.A. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. We are committed and responsive to the communities we serve. Does Joo Chiat Need Another Italian Joint? In the Philippines, for example, the government budgets ahead so that they can afford power they need. Marsh was revealed as the buyer of a knock-down-rebuild in Mosman for $6.88 million, as well as a waterfront in Noosa Heads for about $4 million, also slated for redevelopment. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Equis has signed a Power Purchase Agreement (PPA) with Snowy Hydro Limited (Snowy Hydro) for a 100MWAC solar project located near Tailem Bend, South Australia (Tailem Bend Solar Project), which will be constructed alongside a Snowy Hydro owned 28.8MWAC diesel-fired power station. Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100MWAC solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation. And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. A good thing, no doubt. Called the Lady E, it's available to charter for a cool $767,840 a week. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. David.Russell@sbs.ox.ac.uk Sad Business School University of Oxford Park End Street Oxford OX1 1HP Profile David Russell has joined Sad Business School as an Executive in Residence, after having led the Education and Training Foundation (ETF) in England as CEO for 8 years and having previously served the UK government for 16. He led Equis development of wind and solar projects in the Philippines. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market All rights reserved. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Taiwan is at a critical juncture in the development of its energy resources, and the award of the Chiayi solar project, after a very competitive . Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. We acknowledge that our school is on the Country of the people of the Kulin Nations. Craig Marsh settled upon a black McLaren with carbon-fibre trims. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. At work, I am direct with people and I encourage them to be the same with me. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. MELPOMENE: Have you ever been forced to rethink your life? Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Greater Newcastle Area. Its a matter of how theyll be utilised. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. But the reality is that our investments have never been touched by any of these political instabilities and I think thats a credit to the regulatory regimes. Copyright 2023 Equis Development Pte. We definitely know a lot of people, but this business was not built on that. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Ltd. Industry: Private Equity Position: Chief Executive Officer & Director Ownership Type: Individual Date Status Acquired: 10/01/2010 Ownership Stake: Less than 5% Employment Details Company/Fund Name: Equis Pte. David Russell | Tatler Asia In contrast, if you look at Spain, the government gave concessions to the developers but re-regulated when they realised they couldnt afford to buy power. Equis becomes owner of USD-1.3 bn battery project in Victoria "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. In Asia, power has always been the number one sector to invest in, not renewable energy. David Russell, Equis Group CEO, commented, "As Asia's largest renewable energy developer and investor, the Tailem Bend Solar Project represents an exciting expansion into Australia for Equis and an unique opportunity to leverage our development and construction expertise to deliver low cost, large scale, reliable renewable energy for . California Weighs $360,000 in Reparations to Eligible Black Residents. She wasnt joking. But her kids thought he was a phoney. David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. This website uses cookies to improve your experience. MELPOMENE: Was your background crucial to your success? Russell received his M.F.A. Photo: Domain. David Russell who has made his fortune as the cofounder of Singapore-based private equity group Equis has been spending time aboard the impressive vessel with his family. MELPOMENE: Is what you know or who you know more important? David Russell - Crunchbase Person Profile Emma Alberici has landed a new gig, and, as promised, it's not on TV. In 1998, David joined Macquarie Group, where he spent 12 years. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Founding partner and chief executive David Russell has reportedly paid close to $20 million for the Melbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis. So guests at Sydneys Alfredo restaurant at Circular Quay did a double take when they walked into the harbourside institution and spotted the Cardinal on Wednesday evening. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. But there are a number of governments that came up with programmes to encourage investments in renewable energy. DAVID: Skydiving! We wish to honour the connection to Country of all Aboriginal and Torres Strait Islander peoples and pay respect to their Traditional Custodians and Elders past, present and emerging. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. But to get to a certain point you have to think forward and consider all the paths and possibilities. You connect it to the building, charge it up, and take it home to generate electricity for your house. Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity. David Russell - Equis Development Pte. Ltd. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age David Russell Archives - Saving with Solar Its important to humble yourself. Our experience, expertise, proven track record and strong relationships allow us to develop world-class energy assets on time, on budget and to the highest standard. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. "I understand now how people can love a person who does awful things. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. He led Equis development of wind and hydro projects in India. The partners, most of them ex-Macquarie bankers, had delivered for their investors, who included some of the biggest institutional names in the world: the University of Texas/Texas A&M Investment Company (Utimco), Partners Group, Willis Towers Watson, BlackRock, JPMorgan Pension, numerous Australian superannuation funds, and others representing the Dutch, German and Malaysian state. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. . We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Modest Rally in Asian Equities Expected as Regional Economies Remain Supportive and Valuations Reasonable, Dubai-Based Real Estate Developer Omniyat Launches Ultra-Luxury Beachfront Residences, Singapore Buyers Show Strong Interest in Mixed-Use Development in Londons Vauxhall, This Residential Tower in Dubai Features Interiors by Pagani, What to Expect at the Newly Reopened I12 Katong Retail Mall, Are You a HNWI? Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. MELPOMENE: Why did you decide to target Asian markets? We wish to honour the connection to Country of all Aboriginal and Torres Strait Islander peoples and pay respect to their Traditional Custodians and Elders past, present and emerging. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. While were driving for business success, we formally make a point to give back to the community. MELPOMENE: How do you envision the use of renewables in ten years time? DAVID: I do. Andrew has over 18 years in Australian large-scale renewable energy and has previously held senior positions at ENGIE, Goldwind and WSP where he was responsible for the development, construction, and delivery of primarily large-scale wind and storage projects. MELPOMENE: Did your legal and finance background help you in this field? In 2005-2010, based in Seoul and Hong Kong, David established three infrastructure private equity funds, including one of the first and largest South Korean private funds. Snowy Hydro is a leading integrated energy business in Australia which currently owns and operates 5,500MW of generation capacity across Australia, including the iconic 4,100MW Snowy Hydro-electric Scheme. Congratulations to the Class of 2020, recording our best ever results. Search. MELPOMENE: Whats one thing off the top of your head? An army of builders is carrying out a $5.9 million upgrade at the heritage property, famously owned (not once, but twice) by former Test cricketer Shane Warne. DAVID: Yes, and theyve gone down a certain path that they may not even be aware of until they eventually just take it too far in trying to make money. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. But maybe thats a good thing, you see all these people whose primary focus has been work all their lives and sometimes when a death happens in the family, all of a sudden they stop and go: What am I doing? One George Street, Singapore 049145 David Russell - Brighton Grammar: Leading Private School | Boys' School Some $1.3 billion of that was assumed liabilities, but still, it was a landmark: $3.7 billion of equity, the vast majority of it in unrestricted cash. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, CEO/Partner/Co-Founder, Equis Funds Group. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. Apr 2022 - Present11 months. Copyright 2023 Brighton Grammar School. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. CRICOS Provider Code: 00132K. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. The firm focuses on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure, across Asia Pacific. Youre always very careful when you speak to people and you disagree politely, rarely do people ever thump the table and storm out like they do in movies. David Russell Investments, Australia & New Zealand Equis since 2010 Over 28 years of Asia-Pacific infrastructure investment and advisory experience, having raised and invested over US$5bn of equity for Asian private equity He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. As Asias largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the worlds fastestgrowing renewable energy market., Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Apparently Pell was flanked by a number of priests. Find out more. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. Did you feel restricted by that? Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to lowcost, clean energy. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. David is also the founder and Chairman of the CSS Foundation, which is focused on supporting vulnerable parents and children in Australia, Russia, and the Philippines. When the money cleared, the partners of Equis went shopping to celebrate. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? DAVID: As I became more senior in Macquarie, I thought that I was breaking through the politics and creating more autonomy for myself, when in fact I was just extending my network of relations within the organisation. He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. DAVID K. RUSSELL. He has held senior roles in energy infrastructure asset owners, developers, and consultancy firms engaged with renewable energy across wind, solar and storage in Australia, Europe, Central America and SE Asia. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. So while I was growing and being mentored, I had that slight frustration. David Russell, Equis Group CEO, commented, As Asias largest renewable energy developer and investor, the Tailem Bend Solar Project represents an exciting expansion into Australia for Equis and an unique opportunity to leverage our development and construction expertise to deliver low cost, large scale, reliable renewable energy for Australian consumers., Mr Russell noted, By developing the Tailem Bend Solar Project and Snowy Hydro diesel projects together, the combined system will have the capability of providing stable power any time of the day across the entire year. There is no substitute for hard work. One of my early mentors said, David, if theres one thing I can teach you about doing business is that whatever you do, you must always act lawfully.. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Thats a real problem with succession planning because you might lose the person you really want to keep because theyre frustrated at the lack of opportunities to grow. Please try again later. MELPOMENE: The project developers dont have the discretion to make decisions locally?
david russell, equis