The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] MELPOMENE: How do you envision the use of renewables in ten years time? Emma Alberici has landed a new gig, and, as promised, it's not on TV. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? 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, 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 . MELPOMENE: Did your legal and finance background help you in this field? The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. 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. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Hartford, Connecticut, United States. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Apparently Pell was flanked by a number of priests. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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. 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. 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. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. 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. See reunion dates, update your details and give to BGS. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Marshssplurgefollows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largestrenewable energy generation acquisition in history. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Another guest wore a blazer bearing an Order of Australia gong on their lapel. Construction of the Collinsville North Solar Project is expected to commence in 2017. Athletes' ambitions don't end when they leave the field of play. Where does the fallout from the Adani crisis take India now? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 MELPOMENE: Do you ever watch popular films that depict the financial industry? 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An army of builders is carrying out a $5.9 million upgrade at the heritage property, famously owned (not once, but twice) by former Test cricketer Shane Warne. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Musk Made a Mess at Twitter. 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. While were driving for business success, we formally make a point to give back to the community. David is also . Were sorry, this feature is currently unavailable. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. He has also written two books. MELPOMENE: Is it important that the work you do creates value for society? Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. DAVID: It was awesome! Our purpose is to help current and future generations of Australians and we wont stop until we doso. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Its important to humble yourself. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. They had reason to celebrate. 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Did you feel restricted by that? The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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. MELPOMENE: Why did you decide to target Asian markets? 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 also bought businesses, made them better and sold them off. They used to work at Macquarie. We may no longer need to build big cathedral type power facilities and expensive distribution systems. We're sure the builders are observing strict social distancing protocols during stage four lockdown. 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. 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. Its not just gratuitous giving. 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. 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But there are a number of governments that came up with programmes to encourage investments in renewable energy. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. In Asia, power has always been the number one sector to invest in, not renewable energy. He led Equis development of wind and solar projects in the Philippines. 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. These days, Equis Development is setting its sights on consolidating its position in Asias renewable energy and biomass power generation markets, having developed more than 200 renewable energy and waste infrastructure projects across the region. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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. In the Philippines, for example, the government budgets ahead so that they can afford power they need. DAVID: Definitely. Please try again later. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? One George Street, Singapore 049145 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. See our. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. 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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. But what were we adding back to society? Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. In the battery sector, the prices are falling but their performance is improving. MELPOMENE: Is what you know or who you know more important? Chris Wright is Asia editor. MELPOMENE: How has it been different at Equis? Privacy Policy. 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. DAVID: They worked hard. Supply the annual power needs of 63,165 homes. Others Named David Russell. Copyright 2023 Equis Development Pte. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. DAVID: Thats the million-dollar question. Its a matter of how theyll be utilised. I think that helps people remain human in this business. 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 earned his B.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. 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. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Consequat id porta nibh. That deal was a second innings for the spin bowler. He covers the Asia Pacific region and is based in Singapore. His work has included regulatory advice, project delivery advice, and transactional advice. When the money cleared, the partners of Equis went shopping to celebrate. 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 . in Painting/ Art History from the University of Tulsa. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. 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. Copyright 2023 Brighton Grammar School. 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. MELPOMENE: They went silent because you left Macquarie? MELPOMENE: Those who behave egregiously are a very small percentage of the industry. Kahn thought Anton was like Cary Grant. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Will His AI Plans Be Any Different? 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. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. 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. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. David Russell VZIO stock SEC Form 4 insiders trading I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. At work, I am direct with people and I encourage them to be the same with me. Monash University. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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? Not the David Russell you were looking for? DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. You can only aspire to be like them. 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.. 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. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. If theres a physical tussle over the South China Sea, its not going to affect our facilities. The other guests in the restaurant said they had to pinch themselves. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. MELPOMENE: Why did you decide to strike out on your own? Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education 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. 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. 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.
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