Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). Monash University. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. Equis Expands into Australia with Two Large Solar Projects DAVID: I get people coming out of Europe and the U.S. saying that theyre worried about Asian re-regulation risk and governments taking away our assets, but that happens even in Southern Europe. But what has changed is the level of desperation applied to the business when its your own. 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. 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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Ltd. DAVID: Its definitely not who you know. When the money cleared, the partners of Equis went shopping to celebrate. David Russell - Crunchbase Person Profile Apparently Pell was flanked by a number of priests. Did you feel restricted by that? Modest Rally in Asian Equities Expected as Regional Economies Remain Supportive and Valuations Reasonable, Dubai-Based Real Estate Developer Omniyat Launches Ultra-Luxury Beachfront Residences, Singapore Buyers Show Strong Interest in Mixed-Use Development in Londons Vauxhall, This Residential Tower in Dubai Features Interiors by Pagani, What to Expect at the Newly Reopened I12 Katong Retail Mall, Are You a HNWI? DAVID: Definitely. Privacy Policy. Ive always worked long hours and that hasnt changed. Senectus et netus et malesuada fames ac turpis egestas sed. Craig Marsh settled upon a black McLaren with carbon-fibre trims. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Equis Commissioned over 400MW of Renewable Energy Projects 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. Find out more. We definitely know a lot of people, but this business was not built on that. MELPOMENE: Was your background crucial to your success? Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Greater Newcastle Area. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. MELPOMENE: Skadden has a terrific reputation, how was it like working there? The firm focuses 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, across Asia Pacific. 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. Athletes' ambitions don't end when they leave the field of play. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Equis Group appoints new partner and reveals management restructure Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo Chris Wright is Asia editor. 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 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. US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. Its interesting how that has come full circle. Over there, our local guys are empowered to identify and drive growth from bottom up. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. While were driving for business success, we formally make a point to give back to the community. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Supply the annual power needs of 63,165 homes. 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. He has also written two books. 2023 Tatler Asia Limited. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. That deal was a second innings for the spin bowler. We acknowledge that our school is on the Country of the people of the Kulin Nations. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. He has delivered assets across the Asia-Pacific. Equis' team brings focus, experience, passion and conviction. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. 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. They had reason to celebrate. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Were sorry, this feature is currently unavailable. Secondly, hierarchical environments create ceilings and politics. 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. 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 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. Equis Commissions Additional 5 MW of Solar Projects in Taiwan She wasnt joking. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. 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. DAVID: Absolutely. Please try again later. 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. 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? MELPOMENE: How do you envision the use of renewables in ten years time? Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Ltd. 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. MELPOMENE: Is what you know or who you know more important? He led Equis development of wind and solar projects in the Philippines. 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: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. 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. Conversations with David Russell | High Net Worth MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. 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. So while I was growing and being mentored, I had that slight frustration. DAVID: Theres an element of that. 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Alberici's new gig is chief strategy government relations and communications officer. 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. Were a lot happier not only making money but also making a difference. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Home | David K. Russell Its a matter of how theyll be utilised. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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