david russell, equis

We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. DAVID: Theres an element of that. 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. Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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 $20 million in an off-market deal in 2018. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. In 1998, David joined Macquarie Group, where he spent 12 years. In 2005-2010, based in Seoul and Hong Kong, David established three infrastructure private equity funds, including one of the first and largest South Korean private funds. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? And thats very important because we now have 84 projects totaling close to 8 billion dollars. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. They used to work at Macquarie. All rights reserved. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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. 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. 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. 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. Employ over 400 people during the construction phase. 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. Prior to joining Equis, Damian spent over 18 years at Macquarie and was the Head of Infrastructure, Utilities and Renewables (Australia and New Zealand) for Macquarie Infrastructure and Real Assets, one of the worlds largest infrastructure owners and developers. 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. And that has always stuck with me. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). 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). DAVID: Thats the million-dollar question. That deal was a second innings for the spin bowler. Were working to restore it. He was far, far from perfect. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Another guest wore a blazer bearing an Order of Australia gong on their lapel. 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. 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. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. MELPOMENE: Have you ever been forced to rethink your life? 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. DAVID: Years ago, we were just moving paper around. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. 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. MELPOMENE: Do you ever watch popular films that depict the financial industry? Do you worry about that? It works better for senior management, while the junior staff is more interested in salary and annual bonuses rather than something that could be paid out 5 or 10 years later. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. Its interesting how that has come full circle. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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: I am always trying to take on more responsibility or have more control over what Im doing. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? DAVID: Technology and mindsets are evolving rapidly. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Does Joo Chiat Need Another Italian Joint? 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Its not all hindsight. 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. 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. 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? That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. MELPOMENE: Large corporations are almost inevitably hierarchical. Supply the annual power needs of 63,165 homes. He has delivered assets across the Asia-Pacific. David Russell Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara's long-term stable income stream. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Over there, our local guys are empowered to identify and drive growth from bottom up. His thesis and work explore the . Privacy Policy. A good thing, no doubt. 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. 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. Will His AI Plans Be Any Different? Tel: +65 6220 0040, Legal Notice & Terms of Use California Weighs $360,000 in Reparations to Eligible Black Residents. Our purpose is to help current and future generations of Australians and we wont stop until we doso. 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. 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. When I started out of university, my peer group worked really hard and they were more dedicated. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Its human to fear what you dont understand. 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. He was charming and once flew her to Hong Kong for dinner. Its important to humble yourself. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Thomas has over 20 years experience working in a range of business development and energy trading roles. Shane Warne sold the Brighton mansion for about $20m in 2018. His work has included regulatory advice, project delivery advice, and transactional advice. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. DAVID: Definitely. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. in Public Practice from Otis College of Art and Design in 2011. 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. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. 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. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Russell received his M.F.A. 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. Credit:Jason South. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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? But most importantly, if you want to be successful, youll have to work hard. DAVID: They worked hard. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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