Former military base in Serbia to become Novi Nis apartment units
A former military base located in Niš, southern Serbia, is being transformed into housing and commercial centre dubbed Novi Nis.
The centrally-located Bubanjski Heroji base was used during the Ottoman Empire but was decommissioned several years ago, the New York Times reported.
The construction site spreads across 37 acres of land, and is being developed by Clean Earth Capital, a US-based real estate and development firm.
The company acquired the property in 2011 through a public bidding process, and have since planned to create a technical university, hospital, and art centre in the space.
Novi Nis, which translates from Serbian to “New Nis”, is expected to be complete by 2024.
“This is the first military base in Serbia which was sold in a public auction for military-civilian conversion,” remarked Philip H. Bay, Founder and CEO of Clean Earth Capital.
“Next fall, we will have several apartment blocks with a classic 1930s Bauhaus design,” Bay added.
In Latvia’s capital city, Riga, a military base has been transformed into a cultural and recreational space, featuring playgrounds and a skate park.
Estonia has also repurposed an old military facility, transforming a site in Tartu into a glass and stell museum.
Masdar, PT PLN begin work on floating PV solar project
UAE-based renewable energy company Masdar, in partnership with PT PLN, an organisation specialising in electrical power and owned by the Indonesian government, has announced today it has started work on a floating photovoltaic (PV) solar project in West Java. The company says the 145MW plant is the first of its kind in the country. The project, which will be constructed on the Cirata reservoir in West Java, was financed by the Sumitomo Mitsui Banking Corporation, Societe Generale, and Standard Chartered Bank.
Developing the project is PT Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar and PT PLN subsidiary PT PJBI. Bahlil Lahadalia, Minister of Investment for the Republic of Indonesia and chairman of the Indonesia Investment Coordinating Board, said: “This is a flagship project of the UAE’s investment in Indonesia, and most importantly, it is in line with the Indonesian Government’s target to increase renewable energy by 23% by 2025.”
Ladhadalia added: “The Ministry of Investment fully supports the investment realisation of the Cirata Floating Solar Project by PT PJBI and Masdar.” The plant is said to be the largest in south-east Asia, and one of the biggest in the world. Around 800 jobs will be created during its construction phase.
During the project’s development, Masdar has conducted several social initiatives to raise awareness of sustainability and strengthen the engagement of the local community. Talking about the partnership with Masdar, Amir Faisal, president director of PJBI, said: “We see tremendous potential for similar projects in Indonesia and we look forward to continuing our fruitful collaboration with Masdar to work on more renewable energy projects and help our nation achieve its clean energy objectives.
“This floating power project is a first for Indonesia and is also a significant step in PJBI’s renewable energy journey,” he added.
Facts about solar energy
- Solar power is the most abundant energy source on earth: There’s enough solar energy reaching the earth every hour to meet all of humanity’s power needs for a whole year.
- The cost of solar panels has fallen by 99% since 1977: The price per watt for a single solar cell in 1977 was US$77. Today that same cell costs Us$0.21 per watt US$0.39 per watt for an assembled module, according to the Solar Energy Industries Association.
- China is the global leader in solar energy: Whilst solar power is increasing in popularity in the US, China is currently the country with the biggest uptake. Research conducted by GTM in 2017 predicted that the US would install 12.4GW of solar power during that year. China, on the other hand, installed 24.4GW of power in the first half of 2017 alone.