Hudson Yards development in New York
Hudson Yards is the largest private real estate development in the history of the United States and is the largest development in New York City since the Rockefeller Center. It is due to be completed in 2025 and will accommodate 125,000 people who will work and live in Hudson Yards.
The development will include more than 17 million square feet of commercial and residential space, state-of-the-art office towers and more than 100 shops and restaurants. Hudson Yards will also include around 4,000 residences, 14 acres of public open space, a 750-seat public school and an Equinox luxury hotel with more than 200 rooms. The development will also create more than 23,000 construction jobs.
Hudson Yards is one of the most complex construction projects in the history of New York City and is being constructed 28-acres over a working rail yard. 300 caissons, which are 4 feet in diameter and 20-80 feet in depth, support the platforms and buildings and are drilled deep into the bedrock between existing tracks. The finished towers extend from the caisson foundations, through the platforms, and rise skyward.
The Eastern portion of the platform will use 25,000 tons of steel, 14,000 cubic yards of concrete and will weigh more than 35,000 tons. Caisson drilling started in March 2014 and the platform was completed in 2015. The trains have remained operational during construction and the new No.7 Subway Extension opened at Hudson Yards in 2015.
The first tower on the site to be completed is 10 Hudson Yards and was opened in May 2016. It is currently fully leased to companies that include Coach Inc., L’Oréal USA, SAP, Intersection, Sidewalk Labs, VaynerMedia and Boston Consulting Group. The tower ascends 895 feet with 1.8 million square feet of commercial space.
30 Hudson is due to be completed in 2019, will have 2.6 million square feet of space and will be 1,296 feet high. It will be the second tallest office building in New York, and will be home to leading media, business and financial companies including HBO, CNN, Time Warner Inc. and Turner Broadcasting.
The third commercial tower is 55 Hudson Yards, which will be 780 feet tall and 1.3 million square feet. The office towers are part of the overall plan of 4,000 residences and retail space, including Manhattan’s first ever Neiman Marcus store, and will open to the public by 2018.
Photo credit: Metropolitan Transportation
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.