Iberdrola SA, the Spanish utility, reported a 13.2% year-on-year increase in renewable electricity generation, producing 18,119 GWh in the third quarter of 2024.
For the first nine months of the year, renewable energy output grew by 7.4% to 63,299 GWh.
The company experienced varied performance across its global markets. In Spain, third-quarter production surged by 34.8% and was up 24.8% for the nine-month period. The UK saw a decline of 8.0% in Q3 but a modest increase of 3.2% for the year to date.
In the US, production dropped by 2.8% in Q3, while growing by just 0.8% over nine months. Mexico’s renewables output fell 7.0% in Q3 but increased 3.6% over the year. Brazil’s production rose slightly by 1.5% in Q3 but decreased by 22.3% over the nine-month period.
The “Rest of the World” markets saw strong growth, with increases of 39.1% in Q3 and 35.3% over the first nine months.
| Technology: | July – September 2024 | January – September 2024 | Installed capacity at end-September 2024 (in MW) | Installed capacity at end-September 2023 (in MW) | ||
| GWh | y/y change: | GWh | y/y change: | |||
| Onshore wind | 10,149 | 1.9% | 32,946 | 2.0% | 20,747 | 20,764 |
| Offshore wind | 1,164 | 20.5% | 3,978 | 18.0% | 2,386 | 1,618 |
| Hydro | 4,551 | 38.5% | 20,918 | 14.5% | 13,100 | 13,046 |
| Mini-hydro | 81 | -21.2% | 354 | 12.4% | 234 | 244 |
| Solar | 2,155 | 28.6% | 5,046 | 9.8% | 7,470 | 5,420 |
| Batteries | N/A | N/A | N/A | N/A | 198 | 198 |
| Fuel cells | 18 | -10% | 56 | -3.4% | 13 | 13 |
