Iberdrola's renewables output slows down in Q3 2019

Offshore wind farm. Photo by: Iberdrola (www.iberdrola.com).

October 16 (Renewables Now) - Iberdrola SA (BME:IBE) produced globally 11,532 GWh of electricity from renewable sources during the third quarter of 2019, slowing down by 1.8% year-on-year, according to provisional data the Spanish energy company divulged on Tuesday.

Renewables had a 32% share in the total production in the July-September period, largely thanks to offshore and onshore wind farms, which performed well in almost all of the company's markets.

During the first nine months of the year, renewables generated 42,903 GWh, down by 8.5%, to hold a 38% share.

The steepest decline was registered in Spain, where the production from both large and mini hydropower plants (HPPs) took a severe hit throughout the year. Production from large HPPs plunged by 49.5% in July-September, and by 46.4% during the first nine months, while mini hydro circled 9% declines in both time periods.

Iberdrola’s reservoirs in Spain were at 34.1% full on September 30. The Spanish ministry for the ecological transition has said that the country went through its third driest water year in the 21st century.

The company's biggest source of electricity in the home market was nuclear power, which accounted for 44% of the production in the third quarter, and 43% in the nine-month period.

While outputs from power plants worldwide vary, Iberdrola's foreign markets recorded notable year-on-year increases in the overall production from renewable sources.

Overview of Iberdrola’s global power production from renewables is given in the table below:

Source: Q3 2019 9-mo 2019
GWh Share: y/y change: GWh Share: y/y change:
Onshore wind 8,063 22% 14.2% 26,674 24% -1.4%
Offshore wind 468 1% 32.5% 1,493 1% 37.9%
Hydro 2,562 7% -36.5% 13,352 12% -25.2%
Mini hydro 144 0% -9.4% 510 0% -9.2%
Solar and other 294 1% 110.8% 874 1% 159.4%
Total renewables 11,532 32% -1.8% 42,903 38% -8.5%

The Iberdrola group had 31,006 MW of installed capacity worldwide at the end of September, up from 29,592 MW a year earlier, the provisional data shows.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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