Iberdrola's global renewable energy production up 13.2% y-o-y in Q3 2024

Spanish utility Iberdrola SA (BME:IBE) generated 18,119 GWh of electricity from its renewables around the world during the third quarter, marking an increase of 13.2% year-on-year, according to its latest provisional energy report.

For the January-September period, production from renewables worldwide rose by 7.4% to 63,299 GWh, the company said.

There were some highs and lows in renewables output across Iberdrola’s global markets during both observed periods compared to the year-ago figures: Spain (Q3: +34.8%; 9-mo: +24.8%), UK (Q3: -8.0%; 9-mo: +3.2%), USA (Q3: -2.8%; 9-mo: 0.8%), Mexico (Q3: -7.0%; 9-mo: 3.6%), Brazil (Q3: 1.5%; 9-mo: -22.3%), and the Rest of the World markets (Q3: 39.1%; 9-mo: 35.3%).

A selection of figures from Iberdrola’s provisional energy report are presented in the table below:

Technology:	July - September 2024	January - September 2024	Installed capacity at end-September 2024 (in MW)	Installed capacity at end-September 2023 (in MW)
GWh	y/y change:	GWh	y/y change:
Onshore wind	10,149	1.9%	32,946	2.0%	20,747	20,764
Offshore wind	1,164	20.5%	3,978	18.0%	2,386	1,618
Hydro	4,551	38.5%	20,918	14.5%	13,100	13,046
Mini-hydro	81	-21.2%	354	12.4%	234	244
Solar	2,155	28.6%	5,046	9.8%	7,470	5,420
Batteries	N/A	N/A	N/A	N/A	198	198
Fuel cells	18	-10%	56	-3.4%	13	13