Copyright 2023 Equis Development Pte. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. A good thing, no doubt. While were driving for business success, we formally make a point to give back to the community. 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. Kahn thought Anton was like Cary Grant. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. Supply the annual power needs of 63,165 homes. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. China Equities: Yesterdays Story or More Compelling Than Ever? 2023 Tatler Asia Limited. DAVID: Absolutely. 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.. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market When I left my previous employer, I didnt realize how risky it actually was. The memoir coming out later this year is expected to dish on a nasty stoush with ABC management after Alberici published an economics comment piece which incensed the Turnbull government so much so it sent several letters of complaint to the ABC. Its human to fear what you dont understand. 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. His work has included regulatory advice, project delivery advice, and transactional advice. Youre right at the table with them as a trusted advisor. We felt that we deserved to be paid well because we were certainly working hard. DAVID K. RUSSELL. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. Did you feel restricted by that? CRICOS Provider Code: 00132K. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. DAVID: I do. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. DAVID: My legal background helped me because it gave me discipline and an eye for detail. Russell received his M.F.A. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Theres a whole bunch of things on there that I really dont want to do [laughs]. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. But to get to a certain point you have to think forward and consider all the paths and possibilities. 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 . That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. 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 . Founding partner and chief executive David Russell has reportedly paid close to $20 million for the Melbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Photo: Domain. David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . In Asia, power has always been the number one sector to invest in, not renewable energy. Construction of the Collinsville North Solar Project is expected to commence in 2017. You can only aspire to be like them. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. DAVID: Years ago, we were just moving paper around. If anything we are quite an introverted group, but we knew what we were talking about. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. 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. 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. He led Equis development of wind and solar projects in the Philippines. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Ive always worked long hours and that hasnt changed. 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Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Its important to humble yourself. DAVID: They worked hard. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. And thats very important because we now have 84 projects totaling close to 8 billion dollars. We're sure the builders are observing strict social distancing protocols during stage four lockdown. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Those inside the restaurant overheard the dinner was held to mark his release from jail. There is no substitute for hard work. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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. 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. 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. 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. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. 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? Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 2023 High Net Worth All rights reserved. But what were we adding back to society? California Weighs $360,000 in Reparations to Eligible Black Residents. 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. MELPOMENE: They went silent because you left Macquarie? Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. 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$5 billion. Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. So by removing the glass ceiling, we dont lose our senior people as we grow. "I understand now how people can love a person who does awful things. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Copyright 2023 Brighton Grammar School. MELPOMENE: The project developers dont have the discretion to make decisions locally? DAVID: Even though Im the CEO, the decision-making is a collective process. They had reason to celebrate. People say that Asia is developing, but their frameworks are far more developed than those in Europe. 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. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. 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. How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. 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. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. 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. 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. We also bought businesses, made them better and sold them off. 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 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Musk Made a Mess at Twitter. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. Its a matter of how theyll be utilised. Athletes' ambitions don't end when they leave the field of play. 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 Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. DAVID: Its all relative. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to lowcost, clean energy. 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. 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. Alberici vowed she would never front a TV show again after exiting the ABC. 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. in Painting/ Art History from the University of Tulsa. They are part of C-Suite Department and their management level is C-Level. 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. But her kids thought he was a phoney. 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%. 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.
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