Apex Clean Energy shifts to IPP model with solar tax equity financing deal
Jun 29, 2022 11:11 CESTApril 14 (Renewables Now) - 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 |
Apex Clean Energy shifts to IPP model with solar tax equity financing deal
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