Powering the Future: Spain’s Iberdrola Exceeds Clean Energy Targets

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Iberdrola, a global leader in the energy sector, continues to spearhead the transition to clean energy with remarkable achievements in renewable production. According to recent data released by the National Securities Market Commission, Iberdrola has significantly increased its renewable installed capacity by 6.5% worldwide in the past year, reaching an impressive 41,246 MW.

Iberdrola has expanded its own clean energy production by 5.7% during the first half of this year, amounting to an impressive 42,756 GWh. This impressive growth in renewable energy is a testament to the company’s unwavering commitment to a greener future. Solar PV capacity has experienced an outstanding boost, surging by almost 45% over the last 12 months, with an addition of 1,543 MW of new installed capacity. The total solar capacity now stands close to 5,000 MW, marking significant progress in harnessing the potential of solar energy.

Iberdrola has also reinforced its position as a global wind energy leader. Onshore wind power capacity has grown by 4.5% over the past year, reaching an impressive 20,577 MW. Meanwhile, offshore wind power has surged by 8.9%, with 1,370 MW installed by June 2023. Notably, the company recently connected the Saint-Brieuc offshore wind farm to the French electricity grid, furthering France’s clean energy objectives.

This remarkable growth in renewables has propelled Iberdrola’s emission-free production ratio to 83%, with an even more impressive 89% in Spain. The company maintains emissions levels significantly lower than its European counterparts, a testament to its commitment to sustainability.

Emphasizing its dedication to a low-carbon future, Iberdrola is executing an ambitious investment plan of 47,000 million euros between 2023 and 2025. The goal is to reach an astounding 52,000 MW of renewable installed capacity by 2025, with particular focus on offshore wind power. The company plans to invest over 11,000 million euros by 2026 in offshore wind projects, further solidifying its position as a pioneer in clean energy.

With over 81% of its total capacity being emissions-free, Iberdrola boasts one of the cleanest generation portfolios globally. In the United States, 91% of its capacity is emissions-free, 90% in Brazil, and an outstanding 100% in the United Kingdom, where all of its capacity is derived from green sources.

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