Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. The Projects will involve a capital investment of approximately A$400 million. Equis Commissions Additional 5 MW of Solar Projects in Taiwan Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Singapore, 27 March, 2017 In 2015, Equis, Asias largest independent renewable energy investor, commissioned nine (9) solar, wind and hydro projects in India, Japan and the Philippines, with a total generation capacity of 407.4 MW. 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. Not the David Russell you were looking for? Senectus et netus et malesuada fames ac turpis egestas sed. in Painting/ Art History from the University of Tulsa. 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. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. So while I was growing and being mentored, I had that slight frustration. Copyright 2023 Equis Development Pte. Congratulations to the Class of 2020, recording our best ever results. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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 . The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company. Employ over 400 people during the construction phase. 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. 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. 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. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. We are committed and responsive to the communities we serve. 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. Apr 2022 - Present11 months. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. Another guest wore a blazer bearing an Order of Australia gong on their lapel. David Russell - Oakland, California, United States - LinkedIn Construction of the Collinsville North Solar Project is expected to commence in 2017. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. You connect it to the building, charge it up, and take it home to generate electricity for your house. MELPOMENE: Has ownership changed your motivation towards work? Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. 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. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. In India, Equis commissioned four wind projects in Andhra Pradesh, Madhya Pradesh and Gujarat with generation capacity of 206 MW, and a hydro project in Sikkim added another 96 MW of generation capacity. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. These days, Equis Development is setting its sights on consolidating its position in Asias renewable energy and biomass power generation markets, having developed more than 200 renewable energy and waste infrastructure projects across the region. 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DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. 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. 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. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. David Russell - Equis Development Pte. Ltd. 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. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. 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. 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 $4 million, also slated for redevelopment. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. CRICOS Provider Code: 00132K. 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. She wasnt joking. 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. People start thinking that these are the bad guys, but based on my experience, its not the case. 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.. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. DAVID: Skydiving! 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. Called the Lady E, it's available to charter for a cool $767,840 a week. 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. Russell received his M.F.A. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? 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 . 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. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. Theres a whole bunch of things on there that I really dont want to do [laughs]. These governments need to grow and theyre putting in place very stable regulatory regimes. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. MELPOMENE: Was your background crucial to your success? Co-Founder, Managing Director. We're sure the builders are observing strict social distancing protocols during stage four lockdown. In the Philippines, for example, the government budgets ahead so that they can afford power they need. MELPOMENE: Why did you decide to target Asian markets? He was far, far from perfect. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. 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. When I left my previous employer, I didnt realize how risky it actually was. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Brighton Grammar old boy David Russell, the billionaire founder of the Singapore-based Equis private equity group, along with wife Elena, bought the mansion for about $20 million in an off-market deal in 2018. Vignesh has over 7 years experience in infrastructure investment and development across Asia. But there are a number of governments that came up with programmes to encourage investments in renewable energy. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Equis awarded Taiwan's largest solar project at 70MW - PV Tech David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Its important to humble yourself. MELPOMENE: Is it important that the work you do creates value for society? 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. While were driving for business success, we formally make a point to give back to the community. But what has changed is the level of desperation applied to the business when its your own. 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. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. His work has included regulatory advice, project delivery advice, and transactional advice. MELPOMENE: Large corporations are almost inevitably hierarchical. We felt that we deserved to be paid well because we were certainly working hard. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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. While were driving for business success, we formally make a point to give back to the community. There is no substitute for hard work. 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. David Russell is buying the real estate dream | The Australian Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader Secondly, hierarchical environments create ceilings and politics. Our purpose is to help current and future generations of Australians and we wont stop until we doso. A good thing, no doubt. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 MELPOMENE: How has it been different at Equis? 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. David Russell | Sad Business School See reunion dates, update your details and give to BGS. Greater Newcastle Area. 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. 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 "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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. In 2011, David established Equis Energy. DAVID: It was awesome! David Russell. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . We definitely know a lot of people, but this business was not built on that. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. But her kids thought he was a phoney. 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. Its interesting how that has come full circle. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. The other guests in the restaurant said they had to pinch themselves. When I interview young people now, I hear more and more of them talk about work-life balancesomething that we never talked about when I was younger. By submitting this form, I agree to these terms and conditions. DAVID: Technology and mindsets are evolving rapidly. 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. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. US$5 billion sale of Equis Energy prompts Craig Marsh's high end real estate splurge, The Rosenthal family owned this three-bedroom house at Clifton Gardens since the 1940s. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Ltd. And thats very important because we now have 84 projects totaling close to 8 billion dollars. If theres a physical tussle over the South China Sea, its not going to affect our facilities. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big. The knock-down rebuild of the rear of the house will feature two linked pavilions and include a dining and kitchen space as well as rumpus room, a master bedroom and gym. They are part of C-Suite Department and their management level is C-Level. 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. He covers the Asia Pacific region and is based in Singapore. 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. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. MELPOMENE: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest? Ive always worked long hours and that hasnt changed. 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: You are headquartered in Singapore but your operations are in other parts of Asia? As for the finance background, well, youve got to know the numbers when it comes to running a business. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Equis to Develop 1,000 MW Solar Project in Queensland, 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 . Bibendum arcu vitae elementum curabitur vitae nunc sed velit. being driven to the Seminary of the Good Shepherd. But most importantly, if you want to be successful, youll have to work hard. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. He was charming and once flew her to Hong Kong for dinner. 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. Were working to restore it. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate.