Iberdrola has installed almost 3,000 MW of new renewable capacity (2,952 MW) in the last 12 months, which means it has reached a total capacity of 41,303 MW of clean energy at the end of September. Clean energy production grew by 6.1%, to 58,742 GWh between January and September, compared to the same period last year.
By technology, growth has been delivered in Iberdrola's solar PV capacity, which increased by 45.6% in the last 12 months (1,697 MW of new installed capacity) to reach a total of 5,420 MW at the end of the third quarter of 2023.
Offshore wind power has advanced by 28.6%, to 1,618 MW, at the end of September 2023 (360 MW added). Recently Iberdrola connected the Saint-Brieuc offshore wind farm to the grid, which it is building in the waters of Brittany in France. Meanwhile, onshore wind power has grown by 4.5% in the last twelve months (900 MW added) to reach a total capacity of 20,764 MW.
Iberdrola is currently progressing with its 47 billion euros investment plan between 2023 and 2025, which aims to see 52,000 MW of renewables installed by 2025. In offshore wind alone the company has planned investments of over 11 billion euros by 2026.
