This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. David Russell, Equis Funds Group CEO, said, "This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. His thesis and work explore the . Consequat id porta nibh. And thats very important because we now have 84 projects totaling close to 8 billion dollars. That deal was a second innings for the spin bowler. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. 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. Kahn thought Anton was like Cary Grant. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. Copyright 2023 Brighton Grammar School. DAVID: Ive watched a couple and I always cringe [laughs]. In the Philippines, for example, the government budgets ahead so that they can afford power they need. This is firstly because Ive observed that as people become more autocratic, their decision-making becomes skewed and over time, they start to make costly mistakes, and very quickly theyre gone. MELPOMENE: Why did you decide to strike out on your own? Craig Marsh settled upon a black McLaren with carbon-fibre trims. People hear about all these guys making so much money and they fear that its because theyre doing something theyre not supposed to be doing. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. DAVID: Theres an element of that. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? 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. Employ over 400 people during the construction phase. Yes, Only if Its Forma. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. It could become micro power grid systems where power is generated and distributed locally. DAVID: Thats the million-dollar question. MELPOMENE: Is it important that the work you do creates value for society? In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects.. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. DAVID: Years ago, we were just moving paper around. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Now, the pendulum has swung from us being very quiet about our growth, to people asking questions because were the largest renewable energy developer in Asia. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). But there are a number of governments that came up with programmes to encourage investments in renewable energy. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy They are part of C-Suite Department and their management level is C-Level. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. In 2011, David established Equis Energy. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . 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. DAVID: I do. MELPOMENE: Why did you decide to target Asian markets? Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. DAVID: Absolutely. We're sure the builders are observing strict social distancing protocols during stage four lockdown. See reunion dates, update your details and give to BGS. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Please try again later. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). 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. 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. Hlne Darroze in Conversation With Violet Oon, DPR Construction Used Technology for the Construction of Curtin Singapore Without Physical Meet-Ups, How to Work With Family, and Still Like Each Other, Making Sense of Interest Rates Is Common Sense, Singapore Bond Markets: Sit Back, Lie Flat, Bond Market Thoughts: Sitting Around Waiting to Catch Covid, Union Bank of the Philippines to Issue First Social Bond, Inflation Rule of Thumb Means You Should Not Buy Bonds. Congratulations to the Class of 2020, recording our best ever results. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. 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. Youre right at the table with them as a trusted advisor. MELPOMENE: How do you envision the use of renewables in ten years time? This website uses cookies to improve your experience. 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. Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. They had reason to celebrate. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. 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. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. 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. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. 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. Alberici's new gig is chief strategy government relations and communications officer. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. He led Equis development of wind and solar projects in the Philippines. When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. We are committed and responsive to the communities we serve. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Its interesting how that has come full circle. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. He covers the Asia Pacific region and is based in Singapore. Were a lot happier not only making money but also making a difference. being driven to the Seminary of the Good Shepherd. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Were sorry, this feature is currently unavailable. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. We have the saying: You eat what you kill. Over there, our local guys are empowered to identify and drive growth from bottom up. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Will Others Follow? We felt that we deserved to be paid well because we were certainly working hard. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. "It was like the last supper," one onlooker said. 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. 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.. 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. David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. 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. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. By submitting this form, I agree to these terms and conditions. Head of Acquisitions, Macquarie Korea Infrastructure Fund (KOSPI), Bachelor of Commerce, LL.B, Canterbury University, NZ, Over 28 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Macquarie Senior Managing Director & Head of Infrastructure Advisory for Korea and North Asia, Bachelor of Arts (Hons), Major in Business Economics, UC Santa Barbara, MBA, Sloan School of Business, MIT, Investments, Australia & New Zealand Equis since 2010, Over 28 years of Asia-Pacific infrastructure investment and advisory experience, having raised and invested over US$5bn of equity for Asian private equity, Former Macquarie Senior Managing Director & Head of Greater China & Asian Private Equity, Utilities lawyer, Skadden Arps (Washington DC) & Minter Ellison (Melbourne), Bachelor of Economics (Hons), LL.B (Hons), Monash University, Over 25 years of infrastructure investment experience, with 19 years in Australia, Bachelor of Commerce (Hons), Bachelor of Laws (LLB), Deakin University, Advanced Management Program, Harvard Business School, Over 17 years of Asian private equity and infrastructure investment experience, Former Macquarie Vice President & Head of Acquisitions MENA (Abu Dhabi), MKIF investment team (Korea), Bachelor of Economics, Seoul National University, 1 George Street #23-03 As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. You can only aspire to be like them. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. Outside of work, its important to be approachable and to talk to people, grab a beer with them, and let them know that I shouldnt be treated differently. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. But to get to a certain point you have to think forward and consider all the paths and possibilities. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. But her kids thought he was a phoney. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is excited about leveraging its economies of scale in the growing Australian market to deliver lowcost renewable energy. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. But he also told me theres no law stating that you cant act unreasonably [laughs]. Others Named David Russell. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Shane Warne sold the Brighton mansion for about $20m in 2018. 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. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? Equis Energy had a clear strategy of developing and constructing renewable energy generation assets in Asian rural areas, and David mandated that each investment support the health, education and infrastructure of the communities in which each asset was located, changing the lives of thousands of vulnerable parents and children. She managed a renewable energy portfolio of over 625MW in Australia, sat on the board of Avertas Waste to Energy as well as managed transport and social infrastructure projects. See our. Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together.
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