David Russell. 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. 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. Co-Founder, Managing Director. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. If theres a physical tussle over the South China Sea, its not going to affect our facilities. Do you worry about that? My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. While were driving for business success, we formally make a point to give back to the community. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. She wasnt joking. See our. 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 . Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. 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. 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. Tel: +65 6220 0040, Legal Notice & Terms of Use 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%. 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. Will Others Follow? In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. But her kids thought he was a phoney. It could become micro power grid systems where power is generated and distributed locally. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. All rights reserved. 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. His work has included regulatory advice, project delivery advice, and transactional advice. 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: Large corporations are almost inevitably hierarchical. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. David Russell The knock-down rebuild of the rear of the house will feature two linked pavilions and include a dining and kitchen space as well as rumpus room, a master bedroom and gym. Consequat id porta nibh. Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Bibendum arcu vitae elementum curabitur vitae nunc sed velit. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Everything comes back to the numbers. 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. We definitely know a lot of people, but this business was not built on that. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. He has delivered assets across the Asia-Pacific. The partners, most of them ex-Macquarie bankers, had delivered for their investors, who included some of the biggest institutional names in the world: the University of Texas/Texas A&M Investment Company (Utimco), Partners Group, Willis Towers Watson, BlackRock, JPMorgan Pension, numerous Australian superannuation funds, and others representing the Dutch, German and Malaysian state. He covers the Asia Pacific region and is based in Singapore. People start thinking that these are the bad guys, but based on my experience, its not the case. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. 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 . 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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. 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 think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. Now, the pendulum has swung from us being very quiet about our growth, to people asking questions because were the largest renewable energy developer in Asia. 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. 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. The other guests in the restaurant said they had to pinch themselves. Hartford, Connecticut, United States. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. There is no substitute for hard work. The Projects will involve a capital investment of approximately A$400 million. 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. I think that helps people remain human in this business. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". A good thing, no doubt. Equis Energy , AsiaPacific's largest renewable energy IPP, has been awarded a contract by Taiwan's Ministry of Economic Affairs' Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County's Yizhu Township. David Russell earned his B.F.A. Were a lot happier not only making money but also making a difference. 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. We are committed and responsive to the communities we serve. MELPOMENE: Why did you decide to target Asian markets? Alberici's new gig is chief strategy government relations and communications officer. 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. Were working to restore it. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. You can only aspire to be like them. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? Its a matter of how theyll be utilised. 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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. All rights reserved. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. DAVID: Years ago, we were just moving paper around. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Monash University.
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