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. Once I became nobody, a lot of those people actually went silent. Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. 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. The strategy of remaining quiet has worked well, but its now time to engage. DAVID: Skydiving! Its a matter of how theyll be utilised. 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 . As for the finance background, well, youve got to know the numbers when it comes to running a business. MELPOMENE: Was your background crucial to your success? 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. These governments need to grow and theyre putting in place very stable regulatory regimes. 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. When the money cleared, the partners of Equis went shopping to celebrate. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] DAVID K. RUSSELL. People start thinking that these are the bad guys, but based on my experience, its not the case. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . He has delivered assets across the Asia-Pacific. DAVID: Theres an element of that. In the battery sector, the prices are falling but their performance is improving. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Senectus et netus et malesuada fames ac turpis egestas sed. Copyright 2023 Brighton Grammar School. Kahn thought Anton was like Cary Grant. Find out more. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Apr 2022 - Present11 months. Employ over 400 people during the construction phase. Where does the fallout from the Adani crisis take India now? 2023 High Net Worth All rights reserved. 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. Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. David Russell. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. DAVID: Thats the million-dollar question. 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. In 1998, David joined Macquarie Group, where he spent 12 years. Do you worry about that? 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. And that has always stuck with me. MELPOMENE: Skadden has a terrific reputation, how was it like working there? When I started out of university, my peer group worked really hard and they were more dedicated. The memoir coming out later this year is expected to dish on a nasty stoush with ABC management after Alberici published an economics comment piece which incensed the Turnbull government so much so it sent several letters of complaint to the ABC. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. 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. We started to participate because we saw an opportunity to make good money and invest in a growing sector. 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 vowed she would never front a TV show again after exiting the ABC. See reunion dates, update your details and give to BGS. MELPOMENE: Is what you know or who you know more important? Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education 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. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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One George Street, Singapore 049145 So while I was growing and being mentored, I had that slight frustration. DAVID: I do. "I understand now how people can love a person who does awful things. You connect it to the building, charge it up, and take it home to generate electricity for your house. DAVID: Years ago, we were just moving paper around. And thats very important because we now have 84 projects totaling close to 8 billion dollars. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? Greater Newcastle Area. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Chris Wright is Asia editor. If theres a physical tussle over the South China Sea, its not going to affect our facilities. "It was like the last supper," one onlooker said. Credit:Jason South. Youre right at the table with them as a trusted advisor. Co-Founder, Managing Director. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Will His AI Plans Be Any Different? Its not all hindsight. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. We have the saying: You eat what you kill. 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. He led Equis development of wind and solar projects in the Philippines. DAVID: Its definitely not who you know. Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara's long-term stable income stream. MELPOMENE: They went silent because you left Macquarie? Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. MELPOMENE: Large corporations are almost inevitably hierarchical. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. But there are a number of governments that came up with programmes to encourage investments in renewable energy. DAVID: Even though Im the CEO, the decision-making is a collective process. He has also written two books. Secondly, hierarchical environments create ceilings and politics. A good thing, no doubt. By submitting this form, I agree to these terms and conditions. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. But what were we adding back to society? Now the four-car basement garage is expanding to fit six, while the basement will accommodate a theatre, rumpus room, wine cellar, arcade room, plus a "modelling/crafts" room. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Several months earlier a consortium led by Global Infrastructure Partners (GIP), with partners including the China Investment Corporation sovereign wealth fund, had agreed to buy the renewable energy asset portfolio of Equis, a Singapore-headquartered independent infrastructure asset manager, for $5 billion. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. So by removing the glass ceiling, we dont lose our senior people as we grow. The combined power and large-scale generation certificates price of the Tailem Bend Solar Project is approximately 40% less than prevailing South Australian market prices, delivering significant savings to South Australian consumers. Equis Energy , AsiaPacific's largest renewable energy IPP, has been awarded a contract by Taiwan's Ministry of Economic Affairs' Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County's Yizhu Township. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. MELPOMENE: The project developers dont have the discretion to make decisions locally? HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. While were driving for business success, we formally make a point to give back to the community. 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. They are part of C-Suite Department and their management level is C-Level. MELPOMENE: Do you think that giving people ownership is the way to motivate them? My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. As CEO, David has raised and invested seven infrastructure private equity funds comprising over US$5 billion of equity for some of Asia-Pacifics largest independent and institutional infrastructure funds. All rights reserved. Alberici's new gig is chief strategy government relations and communications officer. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Pell, according to CBD spies, was seated at the middle of a long table, with about a dozen people, and knew some of the guests at smaller tables flanking the high table. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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 . We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Musk Made a Mess at Twitter. All rights reserved. Ive always worked long hours and that hasnt changed. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. MELPOMENE: Is it important that the work you do creates value for society? Were sorry, this feature is currently unavailable. We felt that we deserved to be paid well because we were certainly working hard. We are committed and responsive to the communities we serve. If you benchmark me against our local project developers, Im risk-averse; but if you benchmark me against a credit guy from a central bank, youll probably view me as risk-seeking [laughs]. DAVID: It was awesome! In the Philippines, for example, the government budgets ahead so that they can afford power they need. David Russell MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. US$5 billion sale of Equis Energy prompts Craig Marsh's high end real estate splurge, The Rosenthal family owned this three-bedroom house at Clifton Gardens since the 1940s. 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. MELPOMENE: Why did you decide to target Asian markets? Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. "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. Monash University. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. MELPOMENE: Has ownership changed your motivation towards work? DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Thomas has over 20 years experience working in a range of business development and energy trading roles. Consequat id porta nibh. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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 I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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? Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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. 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. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . 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. DAVID: The level at which you can supply renewable energy into the grid is actually quite highfor example, Germany is at around 50% now and theyre targeting 100%. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. David Russell Full Name: David Charles Russell Company: Equis Pte. DAVID: Technology and mindsets are evolving rapidly. MELPOMENE: Do you ever watch popular films that depict the financial industry? Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. 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. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. These people deserve to be caught and punished, but they are certainly not the norm in the industry. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. To be developed entirely by Equis, the Tailem Bend Solar Project and Collinsville North Solar Project will bring the number of renewable energy projects under development and construction by Equis to 49. 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. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. 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. MELPOMENE: Whats one thing off the top of your head? The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. They said that if youre willing to build the facility, were willing to buy that power from you at a fixed price for 20 or 25 years, and that gave us a lot of confidence. 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. Vignesh has over 7 years experience in infrastructure investment and development across Asia. The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. Construction of the Collinsville North Solar Project is expected to commence in 2017. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? He was far, far from perfect. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. DAVID: Absolutely. Its interesting how that has come full circle. 2023 Tatler Asia Limited. 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. The company was part of reportedly the largest global renewable energy transaction in history in 2018 when its subsidiary, Equis Energy, was sold to Global Infrastructure Partners for US$5 billion. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? Kahn is frank in the book, telling a painful story about a former American boyfriend she calls Anton whom she dated after her marriage broke down. Alberici starts on Monday. Called the Lady E, it's available to charter for a cool $767,840 a week. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. 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.
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