In the last 12 months, Iberdrola, the leading clean energy company, has managed to increase its installed renewable energy capacity by 6.5%, reaching 41,246 megawatts (MW) at the end of June, according to figures published by the company in the National Data from the Securities Markets Commission (CNMV). This increase demonstrates the company’s commitment to driving the transition to a more sustainable and environmentally friendly energy model.
At the stock exchange level, Iberdrola is very strong in the stock market. According to Investment Strategies technical indicators, the company is using last month’s stock market declines to gain momentum.
The strategy would be to break the resistance or buy at value supports.
At a fundamental level, Maria Mira, an analyst at Investment Strategies, believes the company continues to create value and the market knows it. Free cash flow of $3 trillion in the first quarter is great information for investors. And let us recall that the company is one of the analysts’ favorites due to its “green” business and is also included in Premium Investment Strategies’ Global Macro portfolio
Iberdrola continues to increase its own clean energy production
In addition to the growth in installed capacity, Iberdrola also managed to increase its own production of clean energy by 5.7% in the first half of the year compared to the same period last year. Production reached 42,756 gigawatt hours (GWh), further strengthening Iberdrola’s position as a leader in renewable energy generation.
Increase in photovoltaic capacity
Of particular note is the strong growth in Iberdrola’s photovoltaic capacity, with an increase of almost 45% over the last twelve months. The company added 1,543 new MW and reached almost 5,000 MW of photovoltaic capacity at the end of June. This progress demonstrates Iberdrola’s commitment to solar energy, an increasingly important energy source for the development of a clean and sustainable energy system.
Leadership in the field of wind energy
Iberdrola continues to consolidate its global leadership in wind energy. Onshore wind capacity grew by 4.5% over the past 12 months, reaching 20,577 MW. On the other hand, offshore wind capacity increased by 8.9%, reaching 1,370 MW at the end of June 2023.
In line with its commitment to decarbonization, Iberdrola has increased its renewable capacity in most of the countries where it operates. Brazil recorded growth of 12%, Spain 6.3% and the United States 2.5%. In addition, renewable capacity in the rest of the world has increased by 25%.
Important milestones in the second quarter of 2023
In the second quarter of 2023, Iberdrola achieved several important milestones. The connection of the Saint-Brieuc offshore wind farm in the waters of French Brittany to the French electricity grid is particularly noteworthy. This project, the first large-scale offshore wind farm in Brittany and the second in France, will contribute to the region’s clean energy production.
Ambitious investment plan
With the aim of continuing to promote the production of renewable energy, Iberdrola has launched an investment plan of 47,000 million euros between 2023 and 2025. With this plan, the company aims to reach 52,000 MW of installed renewable energy by 2025, with a particular focus on offshore wind. It is estimated that investments in this sector will exceed 11,000 million euros by 2026.
Thanks to the increasing use of renewable energies, Iberdrola has managed to increase the emission-free production rate to 83%. In the case of Spain, this proportion is even higher, at 89%. These results demonstrate the company’s commitment to reducing its environmental impact and contributing to the fight against climate change.
Based on the installed capacity, more than 81% of Iberdrola’s own electricity is emission-free. In the United States, this percentage is 91%, while in Brazil it reaches 90%. In the UK, on the other hand, the company has a 100% “green”, i.e. emission-free, installed capacity.
In summary, Iberdrola remains at the forefront of renewable energy with its continuous investments in installed capacity and its own clean energy production. With its ambitious investment plan and commitment to decarbonization, the company is positioning itself as a benchmark in the transition to a more sustainable and greener energy model.