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 . And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. Russell received his M.F.A. We felt that we deserved to be paid well because we were certainly working hard. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. 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. All rights reserved. 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 . MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? Alberici vowed she would never front a TV show again after exiting the ABC. He has delivered assets in Europe, Middle East and Australia. MELPOMENE: Is what you know or who you know more important? Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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. See reunion dates, update your details and give to BGS. 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. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. But most importantly, if you want to be successful, youll have to work hard. 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. It could become micro power grid systems where power is generated and distributed locally. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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 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. But what has changed is the level of desperation applied to the business when its your own. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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. 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. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. Copyright 2023 Equis Development Pte. 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. 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. Were sorry, this feature is currently unavailable. He covers the Asia Pacific region and is based in Singapore. Does Joo Chiat Need Another Italian Joint? 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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.. 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. 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. Equis' team brings focus, experience, passion and conviction. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Find out more. People say that Asia is developing, but their frameworks are far more developed than those in Europe. There is no substitute for hard work. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. DAVID: Years ago, we were just moving paper around. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? See our. But her kids thought he was a phoney. 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. 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. Monash University. These governments need to grow and theyre putting in place very stable regulatory regimes. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. David Russell MELPOMENE: Skadden has a terrific reputation, how was it like working there? He led Equis development of wind and hydro projects in India. 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. In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. And guess who was right? I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . We are committed and responsive to the communities we serve. 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. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. 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. Its important to humble yourself. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector 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. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 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. He has also written two books. In the battery sector, the prices are falling but their performance is improving. 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. Chris Wright is Asia editor. 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. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. She wasnt joking. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] Find contact details for 700 million professionals. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. 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. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. We're sure the builders are observing strict social distancing protocols during stage four lockdown. Everything comes back to the numbers. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . One George Street, Singapore 049145 We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Do you worry about that? Empower. 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. Its not just gratuitous giving. MELPOMENE: Large corporations are almost inevitably hierarchical. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. China Equities: Yesterdays Story or More Compelling Than Ever? David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. So by removing the glass ceiling, we dont lose our senior people as we grow. Others Named David Russell. Its a matter of how theyll be utilised. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Were working to restore it. 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. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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. 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. So while I was growing and being mentored, I had that slight frustration. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. 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And thats very important because we now have 84 projects totaling close to 8 billion dollars. Emma Alberici has landed a new gig, and, as promised, it's not on TV. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. He was charming and once flew her to Hong Kong for dinner. "It was like the last supper," one onlooker said. By submitting this form, I agree to these terms and conditions. If anything we are quite an introverted group, but we knew what we were talking about. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. He has delivered assets across the Asia-Pacific. Did you feel restricted by that? 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? 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. They are part of C-Suite Department and their management level is C-Level. Congratulations to the Class of 2020, recording our best ever results. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. We definitely know a lot of people, but this business was not built on that. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Theres a whole bunch of things on there that I really dont want to do [laughs]. Its not all hindsight. You can only aspire to be like them. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. But what were we adding back to society? We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Consequat id porta nibh. 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.