We have the saying: You eat what you kill. Find out more. When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. 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. 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. They said that if youre willing to build the facility, were willing to buy that power from you at a fixed price for 20 or 25 years, and that gave us a lot of confidence. Called the Lady E, it's available to charter for a cool $767,840 a week. 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. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. Will His AI Plans Be Any Different? Yes, Only if Its Forma. 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. The Projects will involve a capital investment of approximately A$400 million. MELPOMENE: Is it important that the work you do creates value for society? Search. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. Its interesting how that has come full circle. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 In the Philippines, for example, the government budgets ahead so that they can afford power they need. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. 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. 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MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. But what were we adding back to society? Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. DAVID: Definitely. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. But he also told me theres no law stating that you cant act unreasonably [laughs]. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Once I became nobody, a lot of those people actually went silent. See our. 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, 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 RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. There is no substitute for hard work. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. Not the David Russell you were looking for? DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Ltd. Find contact details for 700 million professionals. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. But her kids thought he was a phoney. Pell, according to CBD spies, was seated at the middle of a long table, with about a dozen people, and knew some of the guests at smaller tables flanking the high table. 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 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. So by removing the glass ceiling, we dont lose our senior people as we grow. David Russell Full Name: David Charles Russell Company: Equis Pte. Interest is certainly high. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. By submitting this form, I agree to these terms and conditions. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. We also bought businesses, made them better and sold them off. MELPOMENE: How has it been different at Equis? Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara's long-term stable income stream. DAVID: Skydiving! Privacy Policy. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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. When I started out of university, my peer group worked really hard and they were more dedicated. They used to work at Macquarie. Its human to fear what you dont understand. 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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. Alberici starts on Monday. 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). 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. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. 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. This website uses cookies to improve your experience. Now the four-car basement garage is expanding to fit six, while the basement will accommodate a theatre, rumpus room, wine cellar, arcade room, plus a "modelling/crafts" room. "It was like the last supper," one onlooker said. Did you feel restricted by that? MELPOMENE: Have you ever been forced to rethink your life? 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. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. DAVID: Even though Im the CEO, the decision-making is a collective process. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Marsh was revealed as the buyer of a knock-down-rebuild in Mosman for $6.88 million, as well as a waterfront in Noosa Heads for about $4 million, also slated for redevelopment.