This office lease provision states that the landlord agrees that prior to the Commencement Date risers, feeders and wiring will be installed in the building by the landlord to furnish electrical service to the demised premises.
Bexar Texas Provision Addressing Present and Future Demands for Electricity in the Premises
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Bexar
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US-OL12022
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Forecasts by the leading companies and organizations, outlined in the GEO, conclude that despite population growth, global primary energy consumption over the next 25 years will slow considerably relative to past decades. Between 1990 and 2015 global energy consumption rose by 190 quadrillion Btu (qBtu) to 550 qBtu.
Global electricity demand will reach around 38,700 terawatt-hours by 2050 from 25,000 terawatt-hours in 2017, driving new investment in power generating capacity, according to our New Energy Outlook 2018.
After falling by about 1% in 2020 due to the impacts of the Covid-19 pandemic, global electricity demand is set to grow by close to 5% in 2021 and 4% in 2022 driven by the global economic recovery according to the latest edition of the IEA's semi-annual Electricity Market Report released today.
In its Annual Energy Outlook 2021 (AEO2021), the U.S. Energy Information Administration (EIA) projects that the share of renewables in the U.S. electricity generation mix will increase from 21% in 2020 to 42% in 2050. Wind and solar generation are responsible for most of that growth.
Demand for electricity is set to increase further as a result of rising household incomes, with the electrification of transport and heat, and growing demand for digital connected devices and air conditioning.
The world will need significantly increased energy supply in the future, especially cleanly-generated electricity. Electricity demand is increasing about twice as fast as overall energy use and is likely to rise by more than half to 2040.
Strong economic growth, combined with colder winters and warmer summers, boosted global electricity demand. The fast rebound in overall energy demand strained supply chains for coal and natural gas, pushing up wholesale electricity prices.
Based on current policy settings and economic trends, electricity generation from renewables including hydropower, wind and solar PV is on track to grow strongly around the world over the next two years by 8% in 2021 and by more than 6% in 2022.
EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia. In its newly released International Energy Outlook 2019 (IEO2019) Reference case, the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050.
For 2022-2024, the report anticipates electricity demand growing 2.7% a year on average, although the Covid-19 pandemic and high energy prices bring some uncertainty to this outlook.
