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Iberdrola's global renewables capacity rises to over 42 GW in 2023

19 FEB 2024 PV JOURNAL

Iberdrola SA announced on Friday that its global renewable energy capacity surpassed 42 GW by the end of 2023, following significant expansions in wind and solar sectors. As of December 2023, the company reported a net own capacity of 42,072 MW across various sources, including onshore and offshore wind, solar PV, hydro, mini-hydro, batteries, and fuel cells.

This marks an increase from 39,962 MW the previous year, as outlined in Iberdrola's preliminary energy report. Including net renewable capacity managed for third parties, the total capacity reached 42,175 MW for 2023.

Renewable electricity generation by the company grew by 6.3% annually to 79,329 GWh in 2023, driven by enhanced production from offshore wind, large hydro, and solar facilities. However, onshore wind generation saw declines in Spain, the UK, the US, and Mexico, while Brazil and other global markets experienced increases. Solar generation decreased in the UK but grew significantly in Spain, the US, Mexico, and Brazil, with no available data for other regions.