The Diplomat
Iberdrola has increased its installed renewable capacity worldwide by 9% in the last 12 months, to almost 39,000 MW – specifically 38,722 MW – according to data provided by the company to the Spanish National Securities Market Commission (CNMV).
This figure represents an increase of 3,150 MW of renewable energy installed in the last financial year, which is part of the company’s objective of promoting the energy transition, accelerating decarbonisation and eliminating dependence on fossil fuels.
With this progress, the company now has more than 59,522 MW of total power worldwide, after increasing it by 6.6% in the last year.
In this way, the Iberdrola group is making progress on its investment plan of 75,000 million euros by 2025, with which it aims to reach 60,000 MW of renewable installed capacity by 2025, which will exceed 90,000 MW by 2030.
This increase in renewable capacity was recorded in all the core countries where it operates, such as Spain (+9.3%), the United States (+6.2%), Brazil (+14.7%) and the United Kingdom (+2%), as well as in its new renewable growth platforms, grouped in the subsidiary Iberdrola Energía Internacional, which increased its capacity by 20% to 2,371 MW in the last twelve months.
By technology, Iberdrola’s photovoltaic capacity grew strongly, increasing by 56% in the last financial year – with 1,240 MW of new installed capacity – to 3,448 MW at the end of the first half of 2022. This momentum is mainly due to the incorporation of almost 800 MW in Spain, more than 240 MW in the United States and more than 170 MW in the rest of the world.
Also noteworthy is the growth in wind energy, where the group strengthens its global leadership, with a 4.4% increase in this technology – both onshore and offshore – to 20,942 MW: 1,258 MW offshore and 19,683 MW onshore.
Iberdrola’s energy production amounted to 83,255 GWh in the first half of the year, up 0.4%. This figure was achieved despite the negative first half of the year for renewables, so that own production with ‘green’ energy fell by 1.5% to 40,446 GWh.
