I think that helps people remain human in this business. 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. Kahn thought Anton was like Cary Grant. Alberici starts on Monday. There is no substitute for hard work. About Us - Equis Development Pte. Ltd. DAVID: They worked hard. 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. Its not just gratuitous giving. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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.. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project Senectus et netus et malesuada fames ac turpis egestas sed. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. David Russell - Crunchbase Person Profile The Projects will involve a capital investment of approximately A$400 million. When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Equis becomes owner of USD-1.3 bn battery project in Victoria Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Interest is certainly high. 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. David Russell - Oakland, California, United States - LinkedIn MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. 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. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. He led Equis development of wind and hydro projects in India. 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. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. In the Philippines, for example, the government budgets ahead so that they can afford power they need. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. 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: Absolutely. Everything comes back to the numbers. David Russell | Sad Business School 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. Ltd. DAVID: As I became more senior in Macquarie, I thought that I was breaking through the politics and creating more autonomy for myself, when in fact I was just extending my network of relations within the organisation. 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. See reunion dates, update your details and give to BGS. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? But there are a number of governments that came up with programmes to encourage investments in renewable energy. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? The firm focuses 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, across Asia Pacific. 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. While were driving for business success, we formally make a point to give back to the community. 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. Its a matter of how theyll be utilised. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. 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 was charming and once flew her to Hong Kong for dinner. Apparently Pell was flanked by a number of priests. 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: Its definitely not who you know. 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. So by removing the glass ceiling, we dont lose our senior people as we grow. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. We wish to honour the connection to Country of all Aboriginal and Torres Strait Islander peoples and pay respect to their Traditional Custodians and Elders past, present and emerging. They used to work at Macquarie. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. 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. 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. Private equity: The inside story of Equis and its partners' $800 Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. We started to participate because we saw an opportunity to make good money and invest in a growing sector. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Tel: +65 6220 0040, Legal Notice & Terms of Use Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. California Weighs $360,000 in Reparations to Eligible Black Residents. They are part of C-Suite Department and their management level is C-Level. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. People start thinking that these are the bad guys, but based on my experience, its not the case. Apr 2022 - Present11 months. We felt that we deserved to be paid well because we were certainly working hard. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? 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. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. When I left my previous employer, I didnt realize how risky it actually was. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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 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. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project 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. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader 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. He was far, far from perfect. We have the saying: You eat what you kill. If you benchmark me against our local project developers, Im risk-averse; but if you benchmark me against a credit guy from a central bank, youll probably view me as risk-seeking [laughs]. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. David Russell earned his B.F.A. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). DAVID K. RUSSELL. Were a lot happier not only making money but also making a difference.
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