Spanish utility Iberdrola SA (BME:IBE) generated 21,689 GWh of electricity from its renewables worldwide in the first quarter of 2022, which represented a 4.9% reduction in total green power output compared to January-March 2021.
According to Iberdrola’s preliminary figures for the quarter, the home market of Spain was the only one with lower production levels in year-on-year terms.
The renewables power output in Spain dropped by 38.5% on the year to 6,260 GWh due to a production decline from onshore wind farms and small and large hydroelectric plants during this year's first quarter. Iberdrola’s hydro reservoir levels in Spain were at 36.4% at the end of March.
At the same time, the utility's solar farms at home were able to produce 382 GWh, up by 117.6% year-on-year.
Renewables performed better in all other Iberdrola’s markets -- the UK (+20.6%), the US (+7.8%), Mexico (+6.1%), Brazil (+49.4%) and the Iberdrola Energia Internacional markets, formerly the Rest of the World (+13.9%).
Between March 2022 and March 2021, Iberdrola increased its global installed renewable energy capacity by 9.1% to 38.305 MW.
Selected figures from Iberdrola’s preliminary electricity report are presented in the table below:
Technology: |
January - March 2022 (worldwide total) |
Installed capacity at end-March 2022 |
Installed capacity at end-March 2021 |
GWh |
y/y change |
Onshore wind |
12,121 |
6.6% |
19,447 MW |
18,547 MW |
Offshore wind |
1,395 |
-0.9% |
1,258 MW |
1,258 MW |
Hydro |
7,230 |
-21.9% |
13,849 MW |
12,864 MW |
Mini-hydro |
112 |
-43.8% |
284 MW |
296 MW |
Solar |
795 |
48.8% |
3,261 MW |
2,042 MW |
Batteries |
N.A. |
N.A. |
193 MW |
82 MW |
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