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. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. They are part of C-Suite Department and their management level is C-Level. Kahn is frank in the book, telling a painful story about a former American boyfriend she calls Anton whom she dated after her marriage broke down. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo 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. 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 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. Greater Newcastle Area. 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. "Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? The other guests in the restaurant said they had to pinch themselves. 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. Its human to fear what you dont understand. David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. David Russell | Tatler Asia 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. 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. David Russell - Director, Technology Practices and Standards - LinkedIn Apparently Pell was flanked by a number of priests. 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. 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. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We have the saying: You eat what you kill. DAVID: My legal background helped me because it gave me discipline and an eye for detail. 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. Hartford, Connecticut, United States. 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. When I left my previous employer, I didnt realize how risky it actually was. David Russell - Equis Development Pte. Ltd. Ltd. David Russell - Equis 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. 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. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? The Projects will involve a capital investment of approximately A$400 million. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Were working to restore it. In Asia, power has always been the number one sector to invest in, not renewable energy. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. MELPOMENE: The project developers dont have the discretion to make decisions locally? DAVID: Technology and mindsets are evolving rapidly. He was far, far from perfect. David Russell, Equis Chairman, said, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. So by removing the glass ceiling, we dont lose our senior people as we grow. 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. 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 end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". 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: Skadden has a terrific reputation, how was it like working there? In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. 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. You can only aspire to be like them. 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. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Copyright 2023 Equis Development Pte. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. 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. Once I became nobody, a lot of those people actually went silent. 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 . The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. We definitely know a lot of people, but this business was not built on that. Its a matter of how theyll be utilised. US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain But what were we adding back to society? California Weighs $360,000 in Reparations to Eligible Black Residents. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is excited about leveraging its economies of scale in the growing Australian market to deliver lowcost renewable energy. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Will His AI Plans Be Any Different? Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. MELPOMENE: Have you ever been forced to rethink your life? 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. 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. Privacy Policy. Alberici vowed she would never front a TV show again after exiting the ABC. 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. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Equis becomes owner of USD-1.3 bn battery project in Victoria in Painting/ Art History from the University of Tulsa. Find out more. 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? 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Shane Warne sold the Brighton mansion for about $20m in 2018. That grew to be OzHarvest. DAVID: Thats the million-dollar question. 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. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. 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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Equis' team brings focus, experience, passion and conviction. Chris Wright is Asia editor. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. 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. 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. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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 Russell Archives - Saving with Solar Tel: +65 6220 0040, Legal Notice & Terms of Use We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. This website uses cookies to improve your experience. One George Street, Singapore 049145 About Us - Equis Development Pte. Ltd. Pell, according to CBD spies, was seated at the middle of a long table, with about a dozen people, and knew some of the guests at smaller tables flanking the high table. Copyright 2023 Brighton Grammar School. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. DAVID: Absolutely. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. He was charming and once flew her to Hong Kong for dinner. PDF For Immediate Release Equis Acquires South Korean Hybrid Solar David Russell 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 DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . They had reason to celebrate. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. 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. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 David Russell, Equis Funds Group: Profile and Biography MELPOMENE: Is what you know or who you know more important? 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? Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. As for the finance background, well, youve got to know the numbers when it comes to running a business. Search. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age Congratulations to the Class of 2020, recording our best ever results. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. We felt that we deserved to be paid well because we were certainly working hard. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. David Russell Full Name: David Charles Russell Company: Equis Pte. DAVID: Ive watched a couple and I always cringe [laughs]. Emma Alberici has landed a new gig, and, as promised, it's not on TV. being driven to the Seminary of the Good Shepherd. Construction of the Collinsville North Solar Project is expected to commence in 2017. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. And guess who was right? 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. 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. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly.
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