Prior to joining Equis, Liz held planning and permitting roles at Goldwind. We started to participate because we saw an opportunity to make good money and invest in a growing sector. See our. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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. He has also written two books. We also bought businesses, made them better and sold them off. Employ over 400 people during the construction phase. 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. Good Graces Doesnt Need Much to Get in Your Good Books, Tiger Artist Tan Seng Yong Captures War and Peace Through His Work, Never-Seen-Before Exhibition of Andy Warhols Photography at Hotel Bel-Air, Singapores Oldest Living Pioneer Artist Has an Exhibition and Book Out, Artist Camilla Engstrm Is What the World Needs Right Now, The Lowdown on Barcelonas Most Stylish Hotel, The Standard Set to Open Its Asia Flagship Hotel in May, Why This Space-Inspired Luxury Camp in Antarctica Costs US$65,000, The Destination You Should Visit in 2022, Based on Your Chinese Zodiac, Bang & Olufsens New Beosound Theatre Is the Best Soundbar Out There, Hublot Drops Limited-Edition Watch With Crypto Company Ledger, The SaleSales Dempsey Pop-Up Offers Luxury Fashion Deals From Famous Brands, Bang & Olufsen and CLOT Release Blood Red Beosound A1 Speaker, Rolls-Royce Spectre: The Worlds Most Luxurious Electric Car, Lamborghinis Urus Performante Is a Next-Level Super SUV, Aston Martin Has Built Its First DBX707 Customer Car, Self-Partnership Isnt Just for Single People, Tan Kheng Hua: Stay-Home Notice? MELPOMENE: How do you envision the use of renewables in ten years time? This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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. "It was like the last supper," one onlooker said. But what were we adding back to society? Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Senectus et netus et malesuada fames ac turpis egestas sed. 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. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Copyright 2023 Equis Development Pte. Alberici starts on Monday. Do you worry about that? We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. 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 $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. Were sorry, this feature is currently unavailable. You connect it to the building, charge it up, and take it home to generate electricity for your house. Apparently Pell was flanked by a number of priests. I think that helps people remain human in this business. He led Equis development of wind and solar projects in the Philippines. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. DAVID: It was awesome! Were a lot happier not only making money but also making a difference. Alberici vowed she would never front a TV show again after exiting the ABC. Its not all hindsight. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. He led Equis development of wind and hydro projects in India. David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. Another guest wore a blazer bearing an Order of Australia gong on their lapel. He was far, far from perfect. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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]. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. Russell received his M.F.A. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Tel: +65 6220 0040, Legal Notice & Terms of Use in Public Practice from Otis College of Art and Design in 2011. The strategy of remaining quiet has worked well, but its now time to engage. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. in Painting/ Art History from the University of Tulsa. 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. 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. 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. MELPOMENE: Have you ever been forced to rethink your life? 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. Supply the annual power needs of 63,165 homes. His thesis and work explore the . Apr 2022 - Present11 months. There are already storage systems that are very profitable, and one of them is pump storage. 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. 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. That grew to be OzHarvest. We're sure the builders are observing strict social distancing protocols during stage four lockdown. DAVID: Technology and mindsets are evolving rapidly. DAVID: Definitely. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. California Weighs $360,000 in Reparations to Eligible Black Residents. 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.. MELPOMENE: Whats one thing off the top of your head? Its interesting how that has come full circle. When I started out of university, my peer group worked really hard and they were more dedicated. Alberici's new gig is chief strategy government relations and communications officer. 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. MELPOMENE: Was your background crucial to your success? We acknowledge that our school is on the Country of the people of the Kulin Nations. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. 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. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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 . I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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. 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. A good thing, no doubt. MELPOMENE: Skadden has a terrific reputation, how was it like working there? 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. 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. Emma Alberici has landed a new gig, and, as promised, it's not on TV. 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. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. 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$5bn of equity for Asian private equity, Former Macquarie Senior Managing Director & Head of Greater China & Asian Private Equity, Utilities lawyer, Skadden Arps (Washington DC) & Minter Ellison (Melbourne), Bachelor of Economics (Hons), LL.B (Hons), Monash University, Over 25 years of infrastructure investment experience, with 19 years in Australia, Bachelor of Commerce (Hons), Bachelor of Laws (LLB), Deakin University, Advanced Management Program, Harvard Business School, Over 17 years of Asian private equity and infrastructure investment experience, Former Macquarie Vice President & Head of Acquisitions MENA (Abu Dhabi), MKIF investment team (Korea), Bachelor of Economics, Seoul National University, 1 George Street #23-03 The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. And guess who was right? Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 2023 High Net Worth All rights reserved. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. Its important to humble yourself. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Our purpose is to help current and future generations of Australians and we wont stop until we doso. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. 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. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Equis' team brings focus, experience, passion and conviction. MELPOMENE: The project developers dont have the discretion to make decisions locally? DAVID: They worked hard. But to get to a certain point you have to think forward and consider all the paths and possibilities. 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. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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. Credit:Jason South. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Photo: Domain. In the battery sector, the prices are falling but their performance is improving. This website uses cookies to improve your experience. Youre right at the table with them as a trusted advisor. DAVID: Absolutely. Congratulations to the Class of 2020, recording our best ever results. MELPOMENE: They went silent because you left Macquarie? Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? 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 Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT 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. 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. Greater Newcastle Area. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. But most importantly, if you want to be successful, youll have to work hard. Will Others Follow? 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 Russell Full Name: David Charles Russell Company: Equis Pte. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. We may no longer need to build big cathedral type power facilities and expensive distribution systems.
How To Stop A Squeaky Wheel Bearing,
Mounted Shooting Supplies,
Rogers Park Ghetto?,
Hudson Valley Panthers Aau Basketball,
Pennsylvania Vaccine Exemption Form,
Articles D