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 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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