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. Greater Newcastle Area. Privacy Policy. We felt that we deserved to be paid well because we were certainly working hard. David.Russell@sbs.ox.ac.uk Sad Business School University of Oxford Park End Street Oxford OX1 1HP Profile David Russell has joined Sad Business School as an Executive in Residence, after having led the Education and Training Foundation (ETF) in England as CEO for 8 years and having previously served the UK government for 16. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Its not all hindsight. 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. Another guest wore a blazer bearing an Order of Australia gong on their lapel. We are committed and responsive to the communities we serve. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. I think that helps people remain human in this business. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. We definitely know a lot of people, but this business was not built on that. Kahn thought Anton was like Cary Grant. Consequat id porta nibh. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. In 1998, David joined Macquarie Group, where he spent 12 years. He was far, far from perfect. 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. 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. Senectus et netus et malesuada fames ac turpis egestas sed. 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.. He covers the Asia Pacific region and is based in Singapore. 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. Its important to humble yourself. 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 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. Apr 2022 - Present11 months. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. See our. But most importantly, if you want to be successful, youll have to work hard. David Russell email address & phone number | Equis Chief Executive Shane Warne sold the Brighton mansion for about $20m in 2018. David Russell earned his B.F.A. 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Secondly, hierarchical environments create ceilings and politics. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? 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. MELPOMENE: Is what you know or who you know more important? MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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. Its not just gratuitous giving. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Supply the annual power needs of 63,165 homes. Musk Made a Mess at Twitter. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. Thats a real problem with succession planning because you might lose the person you really want to keep because theyre frustrated at the lack of opportunities to grow. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. China Equities: Yesterdays Story or More Compelling Than Ever? 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 also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Our experience, expertise, proven track record and strong relationships allow us to develop world-class energy assets on time, on budget and to the highest standard. Equis Commissioned over 400MW of Renewable Energy Projects Apparently Pell was flanked by a number of priests. Equis to Develop 1,000 MW Solar Project in Queensland, Australia In 2011, David established Equis Energy. Russell received his M.F.A. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. One George Street, Singapore 049145 They used to work at Macquarie. 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: It was awesome! And thats very important because we now have 84 projects totaling close to 8 billion dollars. Not the David Russell you were looking for? We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. David Russell, Equis Funds Group: Profile and Biography DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. "It was like the last supper," one onlooker said. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. 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%. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. We also bought businesses, made them better and sold them off. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Home | David K. Russell DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. 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. 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. 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. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT 2023 High Net Worth All rights reserved. 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Alberici's new gig is chief strategy government relations and communications officer. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. David Russell | Sad Business School This website uses cookies to improve your experience. DAVID: Definitely. It could become micro power grid systems where power is generated and distributed locally. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. 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. 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. Warnie, whose acumen in real estate is starting to rival his spin bowling prowess, had bought the 3000sq m property, which he once dubbed his favourite house, for $14.25m, 18 months before selling it to the Russells. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. MELPOMENE: How has it been different at Equis? He led Equis development of wind and solar projects in the Philippines. California Weighs $360,000 in Reparations to Eligible Black Residents. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. DAVID: Its definitely not who you know. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. 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. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. 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. Chris Wright is Asia editor. But there are a number of governments that came up with programmes to encourage investments in renewable energy. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. But to get to a certain point you have to think forward and consider all the paths and possibilities. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. There is no substitute for hard work. 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. While were driving for business success, we formally make a point to give back to the community. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Employ over 400 people during the construction phase. 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. She wasnt joking. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. David is also . Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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? 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, 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. That grew to be OzHarvest. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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. 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. 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. Were working to restore it. In 2005-2010, based in Seoul and Hong Kong, David established three infrastructure private equity funds, including one of the first and largest South Korean private funds. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 DAVID: Technology and mindsets are evolving rapidly. Equis Expands into Australia with Two Large Solar Projects But what has changed is the level of desperation applied to the business when its your own. Lady E: David Russell's birthday bash gets Brighton - Heraldsun He has also written two books. 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. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. David Eugene Russell Net Worth (2023) | wallmine We may no longer need to build big cathedral type power facilities and expensive distribution systems. DAVID: Theres an element of that. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. DAVID: Absolutely. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Empower. Equis awarded Taiwan's largest solar project at 70MW - PV Tech You connect it to the building, charge it up, and take it home to generate electricity for your house. 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 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo 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. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. And guess who was right? Entrepreneur, Private Equity Professional, Brighton Grammar School Fees and payments, Senior Managing Director, Head of Asian Private Equity and Head of Greater China, Macquarie, Founding partner of Equis Energy and Equis Funds Group. 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. MELPOMENE: Have you ever been forced to rethink your life? In Asia, power has always been the number one sector to invest in, not renewable energy. While were driving for business success, we formally make a point to give back to the community. 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. 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. These people deserve to be caught and punished, but they are certainly not the norm in the industry. When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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. 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. 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. 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. DAVID: Skydiving! 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. Find out more. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads.