In the battery sector, the prices are falling but their performance is improving. 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. Thats My Happy Place!, Rediscovering Myself Through My Sons Special Needs, Dr Wealths Alvin Chow: I Turned My Passion Into a Mission, Meet Shin Lim, the Magician Who Wowed America, This New Clinic Wants You to Get Proactive About Preventive Care, Graphic Artist Malika Favre on Pioneering Her Own Pop and Op Art Style, The World of Cats According to Author-Illustrator Susie Yi, Influential Brands Survey Shows How Prominent Brands in Singapore Overcame Covid-19 Challenges, The Secret to Beijing Tong Ren Tangs 350-Year Longevity, Influential Brands Launches Two New Platforms for Business Leaders and Influencers, Why Raffles Hotel Singapore Is One of the Best Companies to Work for. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. Monash University. 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. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game 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. 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. 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. 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. 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. 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. David Russell, Equis Chairman, said, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. 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. 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. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. That deal was a second innings for the spin bowler. They used to work at Macquarie. Equis Expands into Australia with Two Large Solar Projects Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Senectus et netus et malesuada fames ac turpis egestas sed. David Russell | Tatler Asia Consequat id porta nibh. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. 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. We have the saying: You eat what you kill. 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. David Russell - Oakland, California, United States - LinkedIn 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 DAVID: Theres an element of that. 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. That grew to be OzHarvest. So by removing the glass ceiling, we dont lose our senior people as we grow. MELPOMENE: How do you envision the use of renewables in ten years time? Apparently Pell was flanked by a number of priests. Please try again later. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. 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%. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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. The Projects will involve a capital investment of approximately A$400 million. David Russell is buying the real estate dream | The Australian 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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. All rights reserved. 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. Equis' team brings focus, experience, passion and conviction. David Russell Archives - Saving with Solar David Eugene Russell Net Worth (2023) | wallmine You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. People start thinking that these are the bad guys, but based on my experience, its not the case. "It was like the last supper," one onlooker said. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. DAVID: Years ago, we were just moving paper around. David Russell - Crunchbase Person Profile It could become micro power grid systems where power is generated and distributed locally. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Will His AI Plans Be Any Different? Its a matter of how theyll be utilised. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] But most importantly, if you want to be successful, youll have to work hard. DAVID: My legal background helped me because it gave me discipline and an eye for detail. 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. He has delivered assets in Europe, Middle East and Australia. 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. Those who want to work 9 to 5 will be successful in certain types of careers, but what we do here requires a lot of hard work. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. 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. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. David Russell Full Name: David Charles Russell Company: Equis Pte. 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 - Brighton Grammar: Leading Private School | Boys' School David Russell, Equis Funds Group: Profile and Biography Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Copyright 2023 Brighton Grammar School. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? David Russell - Director, Technology Practices and Standards - LinkedIn Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. But her kids thought he was a phoney. The strategy of remaining quiet has worked well, but its now time to engage. Will Others Follow? He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. 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. 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. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. David Russell - Equis Development Pte. Ltd. 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. 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: They worked hard. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Equis Commissioned over 400MW of Renewable Energy Projects 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. MELPOMENE: Large corporations are almost inevitably hierarchical. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. All rights reserved. Thomas has over 20 years experience working in a range of business development and energy trading roles. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. Ltd. He led Equis development of wind and solar projects in the Philippines. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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. 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. I think that helps people remain human in this business. 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. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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. 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. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo In 2011, David established Equis Energy. DAVID K. RUSSELL. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project These governments need to grow and theyre putting in place very stable regulatory regimes. 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. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader In Asia, power has always been the number one sector to invest in, not renewable energy. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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. Marshssplurgefollows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largestrenewable energy generation acquisition in history. David Russell. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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 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. There are already storage systems that are very profitable, and one of them is pump storage. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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. It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. One George Street, Singapore 049145 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. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. Craig Marsh settled upon a black McLaren with carbon-fibre trims. David Russell VZIO stock SEC Form 4 insiders trading MELPOMENE: Have you ever been forced to rethink your life? Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. David Russell | Sad Business School In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Equis Commissions Additional 5 MW of Solar Projects in Taiwan DAVID: Definitely. in Public Practice from Otis College of Art and Design in 2011. David Russell email address & phone number | Equis Chief Executive Its not just gratuitous giving. So while I was growing and being mentored, I had that slight frustration. In addition, Equis has completed a further 33 utility scale renewable energy projects in Asia over the last 3 years or on average 1 project every 5 weeks. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Ive always worked long hours and that hasnt changed. DAVID: Its definitely not who you know. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. MELPOMENE: Did your legal and finance background help you in this field? 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. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. He has delivered assets across the Asia-Pacific. MELPOMENE: How has it been different at Equis? But what were we adding back to society? 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. MELPOMENE: Skadden has a terrific reputation, how was it like working there? 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. 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. Ltd. 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. China Equities: Yesterdays Story or More Compelling Than Ever? 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. People say that Asia is developing, but their frameworks are far more developed than those in Europe. His thesis and work explore the . Equis awarded Taiwan's largest solar project at 70MW - PV Tech David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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. 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 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. They had reason to celebrate. 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. Interest is certainly high. MELPOMENE: Whats one thing off the top of your head? Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. David Russell - Head of Private Equity Asia and Greater China The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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
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