Spanish utility Iberdrola SA recorded a total production of 24,024 GWh of electricity from its renewables worldwide during the first quarter of 2024, marking a decrease of 0.3% year-on-year, primarily due to lower onshore wind power output.
According to the company's quarterly energy report, globally, Iberdrola's onshore wind farms generated 11,844 GWh during the trimester, representing a 4.5% decline compared to the same period last year. However, the output from offshore wind farms and mini-hydro power stations saw an increase of over 15% year-on-year, while solar photovoltaic plants generated 1,158 GWh, matching the output from the first quarter of 2023.
The report also highlighted significant increases in power production from renewables in the Rest of the World market (+30.4%) and Spain (+19.4%), with modest growth in Mexico (5.6%) and the UK (4.3%).
Notably, onshore wind power production increased in the UK (6.6%), Mexico (25.9%), and Rest of the World (12.6%), but declined in Spain (-7.1%), the US (-9.4%), and Brazil (-12.1%).
Similarly, solar farm output rose in the UK (44.8%), the US (26.2%), and Brazil (6.6%), while experiencing declines in Spain (-20.5%) and Mexico (-14.1%).
In terms of offshore wind power production, there was a 1.6% increase in the UK and a significant surge of 56.6% in the Rest of the World. However, the report did not include electricity generated during the commissioning of the Vineyard Wind offshore wind farm in the US.
Iberdrola reported an increase in installed renewables capacity, reaching 42,387 MW at the end of the first quarter, compared to 40,290 MW a year earlier.
