Our Purpose

At Equis, our team is driven by the opportunity to sustainably transform Australia’s energy landscape ‘together’ and leave a positive legacy for future generations. We are committed to using innovative, responsible and sustainable practices to help Australia in the energy transition.

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. Our locally based staff have a strong understanding of rural and regional Australia. We are committed and responsive to the communities we serve.

Our People

Equis' team brings focus, experience, passion and conviction. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects.

Our purpose is to help current and future generations of Australians and we won’t stop until we do so.

Management Team

David Russell
Founding Managing Director
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Mahesh Reddy Indluri
Managing Director
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Roby Camagong
Investment Director
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Investment Team

Ben Zhang
Associate, Investments
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David Luu
Associate, Investments
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Eamonn McBurnie
Analyst, Investments
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Matthew Antico
Vice President, Investments
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Matthew Carolan
Analyst, Investments
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Thomas Galloway
Associate, Investments
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Development Team

Andrew Kerley
Director - Wind
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Bryce Paterson
Director - Head of Legal, Australia
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Edoardo Viel
Director - Grid Connections
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Elizabeth Zorondo
Approvals and Permit Compliance Manager
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Johan Mouton
Director - Project Delivery
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Michael Jellis
Director - Head of Energy Markets
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Vincenzo Di Gennaro
Director - BESS & Solar
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Management

David Russell

Founding Managing Director
David is a Founder and Managing Director of Equis based in Melbourne. David has over 30 years of Asia-Pacific infrastructure and private equity experience, raising and investing over A$8.3 billion of equity for some of Asia-Pacific’s largest regional, and country specific (China, Japan and South Korea), independent and institutional infrastructure funds. David was previously the CEO and Chairman of Equis Energy which was the largest independent renewable energy power producer in the Asia-Pacific at the time. In 2017, David led the Equis team in successfully completing the sale of the Equis Energy portfolio to Global Infrastructure Partners which, at the time, the largest renewable energy transaction in the Asia-Pacific region (excluding China). David graduated from Monash University with a Bachelor of Economics (Honours) and a Bachelor of Laws (Honours) and has been admitted to the Supreme Court of Victoria. He began his career as a Senior Associate at Minter Ellison where he was responsible for originating, developing, negotiating and executing numerous acquisitions, greenfield developments and project financings across the energy generation, distribution and transmission sectors. In 2005, David became the Representative Director at Macquarie Capital Funds in Seoul, Korea, where he established the A$1.5 billion Macquarie Korea Opportunities Fund (MKOF), Korea’s largest private equity infrastructure fund. He was responsible for MKOF’s establishment and all of MKOF’s capital raisings. David was then appointed as Head of the Macquarie Capital Funds offices in Hong Kong, Beijing and Shanghai where he was responsible for developing Macquarie’s infrastructure funds management business in Greater China. In a joint venture with China Everbright Limited, David developed the Macquarie Everbright Greater China Infrastructure Fund, which invested in power generation and distribution, water and sewerage treatment, gas and oil distribution and storage, toll roads, airports, container and other sectors in Greater China. David is also the founder and Chairman of the CSS Foundation, which is focused on supporting vulnerable parents and children in Russia, Uzbekistan and the Philippines

Management

Mahesh Reddy Indluri

Managing Director
Mahesh is a seasoned senior executive with over 14 years of experience in investment management and infrastructure development. His career has focused on the development and execution of infrastructure projects across solar energy generation, wind energy generation, hydro energy generation, battery energy storage, and waste infrastructure in the Asia-Pacific region. Mahesh joined Equis in 2012 and became a Managing Director in 2023. In this capacity, he played a pivotal role in establishing Equis’ presence in Australia, identifying key investment opportunities and setting up the EIA business. He was instrumental in expanding Equis Energy into the solar and wind sectors in India, overseeing investment of over US$500 million and the successful construction of over 500MW of renewable energy projects. Additionally, Mahesh contributed to Equis' expansion into other Southeast Asian markets, particularly the Philippines and Indonesia, where Equis invested over US$200 million. Mahesh moved to Singapore in 2016 where he led the sell-side M&A process for the sale of Equis Energy, which was valued at an enterprise value of US$5 billion, marking it as the largest renewable energy transaction in the Asia-Pacific region (excluding China). Mahesh was also pivotal in the US$1.25bn capital raise for Equis Development.Prior to joining Equis, Mahesh was an investment banking analyst at Assetz Group. Notable transactions include investment and divestment to Blackstone in a mix-use real estate development in Bangalore, India.Mahesh holds a Bachelor and Masters of Technology (Electrical Engineering) from the Indian Institute of Technology, Madras.‍

Management

Roby Camagong

Investment Director
Roby is an Investment Director and is the Platform Lead for Equis Renewables. He has over 13 years of experience in renewable energy, private equity and infrastructure development and investment across Australia, the Philippines and other regions across Asia. Roby has completed several high-profile infrastructure transactions in Asia worth approximately A$1.8bn, including renewable energy projects totaling more than 1.5GW in generation capacity. In 2018, Roby played a key role in the development, execution, capital raising, asset management, and strategic divestment of the largest solar and wind portfolio in the Philippines. In 2021, he contributed to the successful US$1.25bn fundraising of Equis’ Asia Pacific development vehicle. In Equis, Roby has worked on 8 diversified infrastructure platforms across 6 private equity funds and one development corporate vehicle. Most recently, Roby co-founded Equis’ Renewables BESS platform in Australia in 2022 which has attracted an investment of A$1.6bn into the Australian economy as at 2024. The Platform has now grown to a 4.5GW portfolio, with 1,600 MWh of storage capacity under construction and a further 1,000 MWh of storage capacity with development consent and grid connection access. Prior to joining Equis, Roby was an Investment Banking Associate at RCBC Capital working across project finance and capital market transactions. Notable deals include the preemptive US$85 million restructuring of Petrosolar Energy Corp and a US$50 million refinancing of the Maibarara geothermal power facility. Roby also worked as a Professor of Finance at De La Salle University where he led the teaching of various advanced subjects to finance undergraduates. Roby holds a Bachelor of Science (Psychology) from De La Salle University and a Masters in International Business from Hult Business School.

Investment

Ben Zhang

Associate, Investments
Ben joined Equis in 2023 as an Investment Analyst, focusing on renewable energy transactions and project development in Australia. Ben played a key role in the execution of the 300MW/600MWh, Calala BESS, where he was the lead financial modeller as well as playing a significant role in the securement of the $345m senior debt financing. Prior to Equis, Ben was a Senior Consultant in the modelling team at EY, having worked on a range of engagements across large-scale core infrastructure and utilities, multinational corporates and renewable energy. During his time at EY, he also worked on a variety of assurance engagements for listed and unlisted clients in Banking and Capital Markets (BCM), Insurance, and Wealth & Asset Management (WAM). Ben holds a Bachelor of Commerce (Accounting and Finance) from the University of Melbourne and is a qualified Chartered Accountant.

Investment

David Luu

Associate, Investments
David joined Equis in 2021 and has been involved in various renewable infrastructure projects in Australia. David played a key role in the development of the 600MW/1600MWh, Melbourne Renewable Energy Hub (MREH), where he worked as the lead financial modeller as well as successfully negotiating the connection agreements. He has also worked on Equis’ onshore wind platform and energy from waste assets, assisting in forming the strategic direction of the Australian business. Prior to Equis, David worked at Morgan Stanley, covering healthcare and TMT M&A transactions. His role included sell-side advisory with select experience including an A$500 million division divestment in the healthcare sector and advisory on a dual track process for a TMT company at an estimate of A$1.5 billion. David holds a Bachelor of Commerce (Finance) and a Bachelor of Biomedical Sciences from Monash University.

Investment

Eamonn McBurnie

Analyst, Investments
Eamonn joined Equis in 2023 as an Investment Analyst to lead the financial modelling workstreams for Equis’ Australian Onshore Wind assets and support the development of the broader portfolio. Prior to joining Equis, Eamonn gained experience in the Project and Infrastructure Advisory teams at both BDO and EY, providing financial and commercial advice to the public and private sector regarding investment into major projects. Eamonn has primarily specialised in the Power and Utilities sectors but also has experience in social infrastructure and urban renewal projects. Eamonn holds a Bachelor of Advanced Finance and Economics (Honours) from the University of Queensland.

Investment

Matthew Antico

Vice President, Investments
Matthew has over 6 years of experience across core infrastructure, power, and renewable energy in the Asia Pacific region. His responsibilities for the Equis Renewables BESS platform have included managing debt and equity raisings and supporting the commercial aspects of the development, delivery and asset management activities. He led the deal team responsible for raising A$410 million of debt for MREH A3. Prior to joining Equis, Matthew worked at Serco, covering commercials for several core-plus and social infrastructure PPP transactions structuring major operations services and delivery contracts. He also gained experience working in the Global Infrastructure Finance (Corality) team at Mazars, focusing on financial modelling and transaction advisory services to both public and private sector clients across social and economic infrastructure, renewable energy, power generation and natural resources. Matthew started his career within the Assurance and Advisory division at EY, advising large to medium sized entities within the Technology, Media and Communications sector. Matthew holds a Bachelor of Business (Accounting and Finance) from the University of Technology Sydney.

Investment

Matthew Carolan

Analyst, Investments
Matthew joined Equis in 2022, concentrating on the development of the Equis Renewables BESS platform and Equis Onshore Wind projects. He has played a significant role in the execution of the Australian BESS assets, leading the financial modelling of the Advanced Development assets and Insurance. Prior to joining Equis, Matthew gained experience in the field of Australian industrials private equity and strategy consulting at Accenture and Spark Equity Partners. His work at Accenture focused on post-M&A integration, where he played a key role in streamlining operations, optimizing resources, and driving strategic initiatives to ensure successful mergers and acquisitions. Matthew holds a Bachelor of Commerce (Finance and Economics) from the University of Melbourne.

Investment

Thomas Galloway

Associate, Investments
Tom joined Equis in 2022 as an Investment Analyst and is responsible for the portfolio level financial modelling efforts for the Equis Renewables BESS platform and wider Equis development portfolio in addition to supporting on the development of Equis Renewable’s BESS assets. Since starting at Equis, Tom has gained experience across the entire development lifecycle of Equis’ BESS assets in addition to supporting the development activities across various other technologies including waste-to-energy and offshore wind. Prior to joining Equis, Tom gained significant experience in robotics engineering, designing and building robotic solutions for large-scale mining operations. He worked with industry leaders such as BHP, Rio Tinto, and Nyrstar, developing systems to enhance operational efficiency, safety, and productivity. Tom holds a Bachelor of Mechatronics Engineering (Honours) and a Bachelor of Commerce majoring in Finance from Monash University.

Development

Andrew Kerley

Director - Wind
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.

Development

Bryce Paterson

Director - Head of Legal, Australia
Bryce is a Director and Head of Legal at Equis and is responsible for all legal and compliance matters in Australia including project delivery, project finance, corporate governance, risk and regulatory oversight. Prior to joining Equis, Bryce was a Senior Legal Counsel at AGL Energy and Senior Associate at White & Case and Herbert Smith Freehills. Bryce’s experience involved acting for developers, owners and financiers on large renewable energy and infrastructure projects across Australia, Asia and the Middle East. Bryce has negotiated complex construction and finance documentation for numerous core infrastructure, oil and gas, and large-scale renewable energy projects. Bryce holds a Doctor of Law and Bachelor of Arts (First Class Honours) from the University of Melbourne.

Development

Edoardo Viel

Director - Grid Connections
Ed joined Equis in 2021 and has over 25 years of experience in the energy and infrastructure industry. His key responsibilities as Grid Connections Director include managing and executing key connection agreements for Equis projects, grid compliance obligations, and advising on key technical and regulatory workstreams for the Equis Renewables BESS platform. Prior to joining Equis, he served as a GM Asset Engineering at AusNet Services, where he strategically led a team of over 70 engineers in the development of projects, overseeing on average A$175 million of capital expenditure per year. Ed also worked across business development at Mondo where he managed a commercial infrastructure asset portfolio of over A$1 billion. Succeeding this, he held the role of Executive Manager of Engineering Services at Pacific Hydro, where he oversaw the delivery of their first solar grid connection and previously commissioned their first project in South Australia. Ed has a PhD in Electrical Engineering from Cardiff University and a Doctorate in Electrical Engineering from the University of Padua.

Development

Elizabeth Zorondo

Approvals and Permit Compliance Manager
Elizabeth has over 17 years of experience in planning with 15 years spent across the infrastructure and renewable energy sector in Australia. At Equis, she manages an in-house team of planning and environmental professionals to ensure streamlined approval outcomes for Equis' various renewable energy projects. She also ensures that projects comply with all permitting obligations. Before joining Equis, Elizabeth served as a Senior Environmental Planner at Goldwind Australia, where she gained extensive experience in managing permit compliance for multiple large-scale wind energy projects totalling over 800MW. She also held roles at CPS Global and Pacific Hydro. Elizabeth is registered with the Planning Institute of Australia, holds a Masters in Urban Planning and Environment from RMIT University and a Bachelor of Environmental Science (Biology/Biological Sciences) from Deakin University.

Development

Johan Mouton

Director - Project Delivery
Johan began his career as a Mechanical Engineer in South Africa and has since gained 22 years of international experience in Engineering, Procurement, and Construction (EPC) management projects. His expertise spans various industries, including civil,infrastructure, mining, oil and gas, project services, nuclear energy, renewable energy, and power. Throughout his career, Johan has held senior positions at leading companies such as Leighton Contractors, UGL, Alstom, GeneralElectric, and Vestas. He has successfully led the delivery of over 10.2GW of conventional power projects and 512MW of wind power projects. At Equis, Johan upholds a management philosophy grounded in integrity, quality, safety and service.

Development

Michael Jellis

Director - Head of Energy Markets
Michael recently joined Equis as a Director – Head of Energy Markets. Michael has worked for some of Australia’s large Gentailers for the past 13 years focusing on Market and Credit Risk, Hedging Strategy development, Portfolio Optimisation and Product Structuring. Michael is focused on expanding the Energy Markets expertise and function within Equis, which will deliver in-house market modelling and advisory services to the Investment and broader Development teams. Energy Markets will also provide key avenues to market to transact long term asset tolling as well as derivative trading, in order to manage the risk and return for any merchant exposed assets. Energy Markets will be responsible for the market operations of Equis’ assets. This will include development of battery bidding strategy and in time development of in-house battery bidding algorithms. Reference Projects: Pelican Point (CCGT), Hazelwood BESS, Kidston Pump Hydro, Tallawara (OCGT), Willogoleche WF, Canunda WF, Gannawarra SF, Yallourn, Mount Piper, Loy Yang A, Bayswater and Liddle Power Stations in addition to the management of AGL’s, EnergyAustralia’s and Engie’s broader generation asset and PPA books.

Development

Vincenzo Di Gennaro

Director - BESS & Solar
Vincenzo has over 18 years of experience in Europe, the Middle East, and Australia, working across power and renewable energy sectors as an engineer, consultant, and entrepreneur. At Equis, he specialises in photovoltaic generation, energy storage and electrical high voltage distribution, focusing on technology development, system design, procurement, and construction. Prior to joining Equis, Vincenzo served as a Senior Electrical Engineer at Raygen Resources, where he was responsible for product and system development across the business, delivering up to 50% cost reductions and regulatory compliance with Australian and International Standards. He also worked as a Director of Technical Services and Products – APAC at Canadian Solar, where he oversaw the local Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M) teams in executing large projects such as the Darlington Point Solar Farm. Vincenzo has a Master of Engineering (Electrical) with Honours from Politecnio di Bari and a Master of Business Administration from SDA Bocconi Business School.