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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


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