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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. MELPOMENE: Skadden has a terrific reputation, how was it like working there? That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. MELPOMENE: How do you envision the use of renewables in ten years time? Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, CEO/Partner/Co-Founder, Equis Funds Group. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. He was charming and once flew her to Hong Kong for dinner. 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. 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. And that has always stuck with me. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Greater Newcastle Area. 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. These governments need to grow and theyre putting in place very stable regulatory regimes. My mentor at that time made a habit of calling me for work even at 1 a.m. And they have a 24-hour turn over, so no matter how late your client meeting ends, you have to finish your work by the next day. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. DAVID: Theres an element of that. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Snowy Hydro is a leading integrated energy business in Australia which currently owns and operates 5,500MW of generation capacity across Australia, including the iconic 4,100MW Snowy Hydro-electric Scheme. 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. 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They had reason to celebrate. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. 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. Construction of the Collinsville North Solar Project is expected to commence in 2017. MELPOMENE: The project developers dont have the discretion to make decisions locally? DAVID: Its all relative. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Equis has signed a Power Purchase Agreement (PPA) with Snowy Hydro Limited (Snowy Hydro) for a 100MWAC solar project located near Tailem Bend, South Australia (Tailem Bend Solar Project), which will be constructed alongside a Snowy Hydro owned 28.8MWAC diesel-fired power station. David Russell, Equis Group CEO, commented, "As Asia's 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 . 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. Photo: Domain. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Called the Lady E, it's available to charter for a cool $767,840 a week. 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 . Empower. 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. "I understand now how people can love a person who does awful things. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. So while I was growing and being mentored, I had that slight frustration. MELPOMENE: They went silent because you left Macquarie? Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. The other guests in the restaurant said they had to pinch themselves. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. David is also . 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. Were a lot happier not only making money but also making a difference. 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Ltd. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. 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. David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. It could become micro power grid systems where power is generated and distributed locally. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. 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. 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. MELPOMENE: Have you ever been forced to rethink your life? Its not all hindsight. Tel: +65 6220 0040, Legal Notice & Terms of Use 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. 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. Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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. You can only aspire to be like them. Privacy Policy. in Public Practice from Otis College of Art and Design in 2011. 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. If anything we are quite an introverted group, but we knew what we were talking about. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. Athletes' ambitions don't end when they leave the field of play. Thomas has over 20 years experience working in a range of business development and energy trading roles. While were driving for business success, we formally make a point to give back to the community. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. MELPOMENE: Has ownership changed your motivation towards work? Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. DAVID: Definitely. 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. 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. And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. Its important to humble yourself. 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. In 1998, David joined Macquarie Group, where he spent 12 years. In the Philippines, for example, the government budgets ahead so that they can afford power they need. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. DAVID: It was awesome! Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . Its human to fear what you dont understand. 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.. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. Interest is certainly high. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. "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. But what were we adding back to society? 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. David Russell 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 Painting/ Art History from the University of Tulsa. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? 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.