PDF For Immediate Release Equis Acquires South Korean Hybrid Solar DAVID: Ive watched a couple and I always cringe [laughs]. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. 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 . Copyright 2023 Brighton Grammar School. Congratulations to the Class of 2020, recording our best ever results. 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. David Russell - Oakland, California, United States - LinkedIn 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. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. 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. being driven to the Seminary of the Good Shepherd. So by removing the glass ceiling, we dont lose our senior people as we grow. 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. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Apr 2022 - Present11 months. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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. Ltd. DAVID: Its all relative. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. People say that Asia is developing, but their frameworks are far more developed than those in Europe. DAVID: It was awesome! 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. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. Its important to humble yourself. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. While were driving for business success, we formally make a point to give back to the community. There are already storage systems that are very profitable, and one of them is pump storage. We're sure the builders are observing strict social distancing protocols during stage four lockdown. The strategy of remaining quiet has worked well, but its now time to engage. See reunion dates, update your details and give to BGS. Our locally based staff boast a strong understanding of rural and regional Australia. 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. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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 have the saying: You eat what you kill. Apparently Pell was flanked by a number of priests. We are committed and responsive to the communities we serve. MELPOMENE: Whats one thing off the top of your head? Another guest wore a blazer bearing an Order of Australia gong on their lapel. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. Alberici's new gig is chief strategy government relations and communications officer. He has also written two books. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? They had reason to celebrate. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Photo: Domain. We acknowledge that our school is on the Country of the people of the Kulin Nations. In the battery sector, the prices are falling but their performance is improving. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader Warnie, whose acumen in real estate is starting to rival his spin bowling prowess, had bought the 3000sq m property, which he once dubbed his favourite house, for $14.25m, 18 months before selling it to the Russells. 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. MELPOMENE: Did your legal and finance background help you in this field? DAVID: My legal background helped me because it gave me discipline and an eye for detail. California Weighs $360,000 in Reparations to Eligible Black Residents. Theres a whole bunch of things on there that I really dont want to do [laughs]. Youre right at the table with them as a trusted advisor. David Russell email address & phone number | Equis Chief Executive Did you feel restricted by that? But her kids thought he was a phoney. 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: Theres an element of that. 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Hartford, Connecticut, United States. Equis has signed a Power Purchase Agreement (PPA) with Snowy Hydro Limited (Snowy Hydro) for a 100MWAC solar project located near Tailem Bend, South Australia (Tailem Bend Solar Project), which will be constructed alongside a Snowy Hydro owned 28.8MWAC diesel-fired power station. Will Others Follow? MELPOMENE: How do you envision the use of renewables in ten years time? I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Once I became nobody, a lot of those people actually went silent. In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Andrew has over 18 years in Australian large-scale renewable energy and has previously held senior positions at ENGIE, Goldwind and WSP where he was responsible for the development, construction, and delivery of primarily large-scale wind and storage projects. MELPOMENE: Large corporations are almost inevitably hierarchical. See our. Outside of work, its important to be approachable and to talk to people, grab a beer with them, and let them know that I shouldnt be treated differently. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. He led Equis development of wind and solar projects in the Philippines. About Us - Equis Development Pte. Ltd. Our purpose is to help current and future generations of Australians and we wont stop until we doso. 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. Where does the fallout from the Adani crisis take India now? "It was like the last supper," one onlooker said. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Privacy Policy. And guess who was right? Tel: +65 6220 0040, Legal Notice & Terms of Use China Equities: Yesterdays Story or More Compelling Than Ever? All rights reserved. If anything we are quite an introverted group, but we knew what we were talking about. The Projects will involve a capital investment of approximately A$400 million. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. MELPOMENE: How has it been different at Equis? MELPOMENE: Skadden has a terrific reputation, how was it like working there? Search. And thats very important because we now have 84 projects totaling close to 8 billion dollars. We may no longer need to build big cathedral type power facilities and expensive distribution systems. David Eugene Russell Net Worth (2023) | wallmine Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. 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, 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. His work has included regulatory advice, project delivery advice, and transactional advice. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. That deal was a second innings for the spin bowler. MELPOMENE: Do you ever watch popular films that depict the financial industry? 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 George Street, Singapore 049145 Shane Warne sold the Brighton mansion for about $20m in 2018. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Alberici vowed she would never front a TV show again after exiting the ABC. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. DAVID: I do. Its interesting how that has come full circle. The other guests in the restaurant said they had to pinch themselves. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. Were a lot happier not only making money but also making a difference. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Called the Lady E, it's available to charter for a cool $767,840 a week. 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. MELPOMENE: Is what you know or who you know more important? 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. Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. DAVID: Skydiving! 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. It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Senectus et netus et malesuada fames ac turpis egestas sed. Alberici starts on Monday. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Equis to Develop 1,000 MW Solar Project in Queensland, Australia David Russell - Head of Private Equity Asia and Greater China 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. MELPOMENE: They went silent because you left Macquarie? You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. 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. 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. 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. While were driving for business success, we formally make a point to give back to the community. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. 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 AsiaPacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to lowcost, clean energy. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. DAVID: Even though Im the CEO, the decision-making is a collective process. 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 - Equis Development Pte. Ltd. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. 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. So while I was growing and being mentored, I had that slight frustration. Those who want to work 9 to 5 will be successful in certain types of careers, but what we do here requires a lot of hard work. MELPOMENE: Was your background crucial to your success? 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%. MELPOMENE: Why did you decide to target Asian markets? David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Its a matter of how theyll be utilised. Empower. Yes, Only if Its Forma. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. 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.
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