Iberdrola produces 55.3 TWh of renewable power in 9-mo 2022

Barcience solar farm. Image by Iberdrola (www.iberdrola.com)

Spanish electric utility Iberdrola SA (BME:IBE) announced on Friday its renewable energy plants generated 55,354 GWh worldwide in the first nine months of 2022.

The figure represents only a slight increase of 0.4% year-on-year which is attributable to the new installed capacity and the strong performance of onshore wind power, which compensated for a sharp decline in hydropower output caused by the lack of rain.

Onshore wind farms produced 33,184 GWh of clean power in the period under review, up 12% in annual terms.

Selected figures from Iberdrola’s energy report are available in the table below:

Power generation in GWh

Technology	Q3 2022	Y/Y change	Q1-Q3 2022	Y/Y change
Onshore wind	9,895	17%	33,184	12%
Offshore wind	759	-6.5%	3,058	-0.5%
Hydro	3,002	-21.3%	15,717	-20.5%
Mini-hydro	130	-9.3%	364	-32.8%
Solar	1,105	33.4%	2,976	42.7%
Renewables Total Output	14,908	5.9%	55,354	0.4%

During the last 12 months, the utility added almost 2,000 MW of new renewable installed capacity, boosting its green portfolio to over 39 GW. The growth was driven by additions mainly in Brazil and the US.

Active in Brazil through Neoenergia SA (BVMF:NEOE3), Iberdrola is developing the 566.5-MW Otis onshore wind complex, which started the test operation of the first seven wind turbines in June. The Spanish company also started commercial operation of the 149-MW Luzia solar farm, its first in the country.

In the US, Iberdrola installed 524 MW in the last 12 months, of which 295 MW is onshore wind and 229 MW -- photovoltaic (PV).

Back at home, the utility added 380 MW of new renewable capacity, with 278 MW of it coming from solar energy, it noted.

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