He was far, far from perfect. 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. But what were we adding back to society? David Russell - Brighton Grammar: Leading Private School | Boys' School Another guest wore a blazer bearing an Order of Australia gong on their lapel. We're sure the builders are observing strict social distancing protocols during stage four lockdown. MELPOMENE: How do you envision the use of renewables in ten years time? 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. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Private equity: The inside story of Equis and its partners' $800 In 2011, David established Equis Energy. Its not all hindsight. That grew to be OzHarvest. Once I became nobody, a lot of those people actually went silent. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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 . We felt that we deserved to be paid well because we were certainly working hard. 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. 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. 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. 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. Empower. 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. There are already storage systems that are very profitable, and one of them is pump storage. But he also told me theres no law stating that you cant act unreasonably [laughs]. MELPOMENE: The project developers dont have the discretion to make decisions locally? David Russell - Director, Technology Practices and Standards - LinkedIn DAVID: Thats the million-dollar question. The strategy of remaining quiet has worked well, but its now time to engage. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. 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. David Russell - Equis Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. in Painting/ Art History from the University of Tulsa. Interest is certainly high. I like to think that I dont have a fear of heights, but the idea of jumping out of a plane and not knowing for sure if the parachute is going to work can be intimidating. Equis becomes owner of USD-1.3 bn battery project in Victoria MELPOMENE: Do you think that giving people ownership is the way to motivate them? David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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? Thomas has over 20 years experience working in a range of business development and energy trading roles. Its interesting how that has come full circle. Conversations with David Russell | High Net Worth Senectus et netus et malesuada fames ac turpis egestas sed. "Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. In the battery sector, the prices are falling but their performance is improving. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Copyright 2023 Equis Development Pte. In 1998, David joined Macquarie Group, where he spent 12 years. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. David Russell. 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. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. But her kids thought he was a phoney. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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: Even though Im the CEO, the decision-making is a collective process. So guests at Sydneys Alfredo restaurant at Circular Quay did a double take when they walked into the harbourside institution and spotted the Cardinal on Wednesday evening. She wasnt joking. People start thinking that these are the bad guys, but based on my experience, its not the case. Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100MWAC solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation. 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. 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. 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. 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. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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: Absolutely. 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 currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Bibendum arcu vitae elementum curabitur vitae nunc sed velit. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. 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. MELPOMENE: How has it been different at Equis? Chicago Hope Cast Member Dies, Husband Doesn T Want To Go On Family Vacation, What Are The Two Components Of Linear Perspective Quizlet, Articles D
…