The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. But her kids thought he was a phoney. 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. One George Street, Singapore 049145 If theres a physical tussle over the South China Sea, its not going to affect our facilities. 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: Its all relative. In 1998, David joined Macquarie Group, where he spent 12 years. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. He led Equis development of wind and solar projects in the Philippines. DAVID: Definitely. 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. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy He was charming and once flew her to Hong Kong for dinner. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. MELPOMENE: Skadden has a terrific reputation, how was it like working there? 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? MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. 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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. In Asia, power has always been the number one sector to invest in, not renewable energy. At work, I am direct with people and I encourage them to be the same with me. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? These governments need to grow and theyre putting in place very stable regulatory regimes. Please try again later. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Senectus et netus et malesuada fames ac turpis egestas sed. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. 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. Tel: +65 6220 0040, Legal Notice & Terms of Use People hear about all these guys making so much money and they fear that its because theyre doing something theyre not supposed to be doing. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Hartford, Connecticut, United States. Were working to restore it. 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. When I started out of university, my peer group worked really hard and they were more dedicated. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education Photo: Domain. 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. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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While were driving for business success, we formally make a point to give back to the community. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Shane Warne sold the Brighton mansion for about $20m in 2018. Will Others Follow? 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. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Copyright 2023 Brighton Grammar School. I think that helps people remain human in this business. 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 . David Russell Full Name: David Charles Russell Company: Equis Pte. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. 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: Why did you decide to target Asian markets? We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 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. Find contact details for 700 million professionals. Thomas has over 20 years experience working in a range of business development and energy trading roles. Construction of the Collinsville North Solar Project is expected to commence in 2017. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Another guest wore a blazer bearing an Order of Australia gong on their lapel. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. Those inside the restaurant overheard the dinner was held to mark his release from jail. DAVID: Technology and mindsets are evolving rapidly. 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. 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. 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 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. It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. David Russell who has made his fortune as the cofounder of Singapore-based private equity group Equis has been spending time aboard the impressive vessel with his family. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. We were partly fortunate because the investor market had not focused on renewable energy the way it should have, and that gave us a 6-year head start. DAVID: Years ago, we were just moving paper around. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. They had reason to celebrate. But he also told me theres no law stating that you cant act unreasonably [laughs]. Its interesting how that has come full circle. People start thinking that these are the bad guys, but based on my experience, its not the case. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Apparently Pell was flanked by a number of priests. 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. While were driving for business success, we formally make a point to give back to the community. Alberici vowed she would never front a TV show again after exiting the ABC. We acknowledge that our school is on the Country of the people of the Kulin Nations. These people deserve to be caught and punished, but they are certainly not the norm in the industry. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. MELPOMENE: Did your legal and finance background help you in this field? David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. 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. But what were we adding back to society? Monash University. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. 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. DAVID: Ive watched a couple and I always cringe [laughs]. 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. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. DAVID: My legal background helped me because it gave me discipline and an eye for detail. We definitely know a lot of people, but this business was not built on that. MELPOMENE: How do you envision the use of renewables in ten years time? 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 is also the founder and Chairman of the CSS Foundation, which is focused on supporting vulnerable parents and children in Australia, Russia, and the Philippines. Alberici's new gig is chief strategy government relations and communications officer. 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. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Did you feel restricted by that? And thats very important because we now have 84 projects totaling close to 8 billion dollars. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. China Equities: Yesterdays Story or More Compelling Than Ever? But what has changed is the level of desperation applied to the business when its your own. But there are a number of governments that came up with programmes to encourage investments in renewable energy. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. But most importantly, if you want to be successful, youll have to work hard. 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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. So by removing the glass ceiling, we dont lose our senior people as we grow. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. See our. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. 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.
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