We felt that we deserved to be paid well because we were certainly working hard. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. At work, I am direct with people and I encourage them to be the same with me. He has delivered assets in Europe, Middle East and Australia. 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. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education This website uses cookies to improve your experience. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. We also bought businesses, made them better and sold them off. His work has included regulatory advice, project delivery advice, and transactional advice. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. There are already storage systems that are very profitable, and one of them is pump storage. 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. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. They are part of C-Suite Department and their management level is C-Level. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. Alberici's new gig is chief strategy government relations and communications officer. Vignesh has over 7 years experience in infrastructure investment and development across Asia. In 2011, David established Equis Energy. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. People start thinking that these are the bad guys, but based on my experience, its not the case. 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. These governments need to grow and theyre putting in place very stable regulatory regimes. In 1998, David joined Macquarie Group, where he spent 12 years. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Its human to fear what you dont understand. 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. Ive always worked long hours and that hasnt changed. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. 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. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. 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. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Thats My Happy Place!, Rediscovering Myself Through My Sons Special Needs, Dr Wealths Alvin Chow: I Turned My Passion Into a Mission, Meet Shin Lim, the Magician Who Wowed America, This New Clinic Wants You to Get Proactive About Preventive Care, Graphic Artist Malika Favre on Pioneering Her Own Pop and Op Art Style, The World of Cats According to Author-Illustrator Susie Yi, Influential Brands Survey Shows How Prominent Brands in Singapore Overcame Covid-19 Challenges, The Secret to Beijing Tong Ren Tangs 350-Year Longevity, Influential Brands Launches Two New Platforms for Business Leaders and Influencers, Why Raffles Hotel Singapore Is One of the Best Companies to Work for. 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. Empower. MELPOMENE: Did your legal and finance background help you in this field? Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. MELPOMENE: How has it been different at Equis? They used to work at Macquarie. 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. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. When the money cleared, the partners of Equis went shopping to celebrate. 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: Theres an element of that. Find contact details for 700 million professionals. 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 . DAVID: I do. MELPOMENE: Large corporations are almost inevitably hierarchical. 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. 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. All rights reserved. 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. Congratulations to the Class of 2020, recording our best ever results. DAVID K. RUSSELL. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. So while I was growing and being mentored, I had that slight frustration. David Russell earned his B.F.A. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. 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. Russell received his M.F.A. We definitely know a lot of people, but this business was not built on that. While were driving for business success, we formally make a point to give back to the community. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. Others Named David Russell. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy 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. 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. We're sure the builders are observing strict social distancing protocols during stage four lockdown. MELPOMENE: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest? 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. 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. . MELPOMENE: Has ownership changed your motivation towards work? Shane Warne sold the Brighton mansion for about $20m in 2018. California Weighs $360,000 in Reparations to Eligible Black Residents. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). DAVID: I am always trying to take on more responsibility or have more control over what Im doing. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Does Joo Chiat Need Another Italian Joint? The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. MELPOMENE: They went silent because you left Macquarie? The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. This is firstly because Ive observed that as people become more autocratic, their decision-making becomes skewed and over time, they start to make costly mistakes, and very quickly theyre gone. 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. Alberici vowed she would never front a TV show again after exiting the ABC. But what were we adding back to society? Will Others Follow? 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. 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. 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
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