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Iberdrola exceeds 42,000 MW of renewable capacity

Iberdrola exceeds 42,000 MW of renewable capacity
(Image credit: Iberdrola)

Iberdrola announces it has closed 2023 with a renewable capacity of 42,175 MW, after adding 3,250 MW of new capacity, as reported to the National Securities Market Commission (CNMV).

Thanks to its renewable production, which is close to 80 billion kWh and 6.3% more than the previous year, the company saves nearly 14 million tonnes of CO2 from being released into the atmosphere.

Renewable production increased by 10%, excluding Brazil, which has been affected by the hydroelectric situation. In Spain, renewable production grew by 24% in the year and hydroelectric reserves increased by 13% to 6,298 GWh.

The group generates 100% emission-free energy in countries such as the UK, Brazil, France, Italy, Germany, Poland, Portugal, Greece, Romania and Bulgaria. Emission-free production reaches 87% in Spain.

Iberdrola has strengthened its wind energy leadership after reaching 22,676 MW installed at the end of the year, 6% more than in 2022. The company has 20,883 MW in onshore wind power, after adding 655 MW. Growth in offshore wind is offsetting the lower onshore wind production in countries such as the UK, where, after growing by 13% in the year, offshore wind now accounts for 50% of total production. Iberdrola Energía Internacional’s focus on offshore wind power in Germany and France led to a 28% increase in production in the quarter, accounting for 10% of the group’s total renewable production in the period. 

In addition, the company continues to increase its hydroelectric storage capacity: 160 MW have been added, corresponding to the last dam of the Alto Támega complex in Portugal. Thanks to this, Iberdrola now has 100 million kWh of storage, enabling an increasing flow of clean energy, promoting greater electrification and continuing to provide the best service to its customers, according to a release. Iberdrola supplies electricity to 100 million people in dozens of countries.