Iberdrola Has Recorded a Rise in Installed Renewable Capacity by 9%


Iberdrola has recorded a rise in its installed renewable capacity by 9% globally within a year.

The company’s installation has reached around 39,000 MW including specifically 38,722 MW green installations. It means that the company represents an increase of 3,150 MW in the last financial year, a latest data mentioned.

In terms of this year, energy production stood at 83,255 GWh in the first half of the year.

With this, the company expressed its determination for promoting the energy transition to accelerate decarbonisation.

According to the company, it “exceeds 59,522 MW of total capacity in the world, after increasing it by 6.6% in the last year.”

It has been informed that the Iberdrola group is making progress on its investment plan of 75,000 million euros by 2025. The company aims to reach 60,000 MW of renewable installed capacity by 2025, and to achieve 90,000 MW by 2030.

This year, the rise in renewable capacity was recorded in countries like Spain, the United States, Brazil, and the United Kingdom among others.

Meanwhile, in terms of technology, Iberdrola’s PV capacity has grown by 56% in the last financial year. The installed capacity has reached 3,448 MW at the end of the first half of 2022.

Besides, there is growth in wind energy as well as the company has reinforced its global leadership.

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