The Spanish energy group Iberdrola has released preliminary 2023 results. During the year, the group added 3,250 MW of new renewable capacity to its portfolio, reaching a total renewable portfolio of 42,175 MW. Wind energy dominates with 22.6 GW installed by the end of 2023, of which onshore wind constitutes 20.8 GW (+ 655 MW added in 2023). In addition, Iberdrola also increased its pumped-storage hydropower capacity by 160 MW corresponding to the last dam of the Alto Támega complex (Portugal), reaching a total of 100 GWh of storage.
As of renewable energy production, the group reached almost 80 TWh (+ 6.3% to 2022), with renewable power generation rising by 10% (excluding Brazil due to lower hydropower availability); in Spain, renewable power generation increased by 24%. The company’s renewable production saved nearly 14 MtCO2, with 100% emission-free generation in the United Kingdom, Brazil, France, Italy, Germany, Poland, Portugal, Greece, Romania and Bulgaria. Iberdrola’s emission-free production in Spain reached 87%.