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Renewables generate 42% of Iberdrola's electricity in 2018

Wind turbines. Source: Avangrid Renewables (www.avangridrenewables.us)

February 11 (Renewables Now) – Iberdrola (BME:IBE) produced a total of 61,754 GWh of electricity from renewables sources in 2018, equivalent to 42% of its output, according to the Spanish utility’s provisional data published on Friday.

By technology, onshore wind power dominated with 25% of the renewables output, followed by 15% that came from hydropower. 

Renewable power generation grew by 21.7% year-on-year. Total power generation by Iberdrola was up by 5.9% to 145,597 GWh.

In the US, where Iberdrola operates via its 81.5%-owned subsidiary Avangrid Inc (NYSE:AGR), renewables accounted for 86% of the output in 2018, which stood at 19,983 GWh, boosted by the onshore wind production.

Details by country are presented in the table below:

Country Renewables share in %
USA 86
Brazil 74
UK 48
Spain 45
Mexico 3
Rest of the world 100

Iberdrola had a total of 47,448 MW of installed capacity worldwide in 2018. Renewables accounted for 29,177 MW, or 61% of the total. This includes 15,671 MW of wind and 12,252 MW of hydro.

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Sladjana is the newest addition to the Renewables Now team. She has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry.

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