Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. In Asia, power has always been the number one sector to invest in, not renewable energy. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. You can only aspire to be like them. DAVID: Absolutely. 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.. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. A good thing, no doubt. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is excited about leveraging its economies of scale in the growing Australian market to deliver lowcost renewable energy. Were a lot happier not only making money but also making a difference. Employ over 400 people during the construction phase. Were working to restore it. Copyright 2023 Equis Development Pte. He has held senior roles in energy infrastructure asset owners, developers, and consultancy firms engaged with renewable energy across wind, solar and storage in Australia, Europe, Central America and SE Asia. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. One George Street, Singapore 049145 Another guest wore a blazer bearing an Order of Australia gong on their lapel. At work, I am direct with people and I encourage them to be the same with me. She wasnt joking. 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. All rights reserved. David Russell, Equis Chairman, said, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). When I started out of university, my peer group worked really hard and they were more dedicated. Called the Lady E, it's available to charter for a cool $767,840 a week. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Alberici starts on Monday. That grew to be OzHarvest. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? In 1998, David joined Macquarie Group, where he spent 12 years. Search. 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. Where does the fallout from the Adani crisis take India now? The Projects will involve a capital investment of approximately A$400 million. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects.. DAVID: Ive watched a couple and I always cringe [laughs]. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. 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. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . 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. Supply the annual power needs of 63,165 homes. MELPOMENE: Why did you decide to strike out on your own? 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. 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. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Youre right at the table with them as a trusted advisor. He led Equis development of wind and hydro projects in India. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. David Russell VZIO stock SEC Form 4 insiders trading MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. But most importantly, if you want to be successful, youll have to work hard. David Russell earned his B.F.A. The other guests in the restaurant said they had to pinch themselves. There are already storage systems that are very profitable, and one of them is pump storage. And thats very important because we now have 84 projects totaling close to 8 billion dollars. 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. He has delivered assets across the Asia-Pacific. 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. So while I was growing and being mentored, I had that slight frustration. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. Founding partner and chief executive David Russell has reportedly paid close to $20 million for theMelbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house ofIT entrepreneur Danny Wallis. David Russell who has made his fortune as the cofounder of Singapore-based private equity group Equis has been spending time aboard the impressive vessel with his family. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Will Others Follow? If anything we are quite an introverted group, but we knew what we were talking about. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. 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 Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. . We also bought businesses, made them better and sold them off. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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? Our purpose is to help current and future generations of Australians and we wont stop until we doso. Find contact details for 700 million professionals. Empower. Hartford, Connecticut, United States. Ive always worked long hours and that hasnt changed. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. [email protected] 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, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy 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. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? 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? David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. MELPOMENE: Large corporations are almost inevitably hierarchical. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company.