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My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. Were sorry, this feature is currently unavailable. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Its human to fear what you dont understand. These days, Equis Development is setting its sights on consolidating its position in Asias renewable energy and biomass power generation markets, having developed more than 200 renewable energy and waste infrastructure projects across the region. DAVID: Even though Im the CEO, the decision-making is a collective process. If anything we are quite an introverted group, but we knew what we were talking about. Copyright 2023 Equis Development Pte. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy But there are a number of governments that came up with programmes to encourage investments in renewable energy. Tel: +65 6220 0040, Legal Notice & Terms of Use 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. MELPOMENE: How do you envision the use of renewables in ten years time? When I started out of university, my peer group worked really hard and they were more dedicated. 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. MELPOMENE: Has ownership changed your motivation towards work? Does Joo Chiat Need Another Italian Joint? 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. 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. 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. Where does the fallout from the Adani crisis take India now? MELPOMENE: Do you think that giving people ownership is the way to motivate them? The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] Ltd. 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. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. That deal was a second innings for the spin bowler. Another guest wore a blazer bearing an Order of Australia gong on their lapel. But the reality is that our investments have never been touched by any of these political instabilities and I think thats a credit to the regulatory regimes. David is also . These people deserve to be caught and punished, but they are certainly not the norm in the industry. MELPOMENE: Large corporations are almost inevitably hierarchical. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. China Equities: Yesterdays Story or More Compelling Than Ever? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Empower. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. 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. 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). Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. DAVID: Yes, and theyve gone down a certain path that they may not even be aware of until they eventually just take it too far in trying to make money. 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. DAVID: Ive watched a couple and I always cringe [laughs]. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Find contact details for 700 million professionals. 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. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. Its not all hindsight. They had reason to celebrate. MELPOMENE: Is it important that the work you do creates value for society? 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. But to get to a certain point you have to think forward and consider all the paths and possibilities. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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. DAVID: I do. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Will His AI Plans Be Any Different? DAVID: They worked hard. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Senectus et netus et malesuada fames ac turpis egestas sed. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. By submitting this form, I agree to these terms and conditions. We may no longer need to build big cathedral type power facilities and expensive distribution systems. "Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. Alberici's new gig is chief strategy government relations and communications officer. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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 puts new $5.9m spin on Shane Warne's former pad.