-- Spanish utility Iberdrola Wednesday reported a 1.6% year-over-year increase in its electricity production in Q1, supported by a 3.8% rise in installed capacity.
Net electricity production for the quarter ended March 31 stood at 36.106 terawatt-hours, of which 25.62 TWh were sourced from renewable energy sources.
Offshore wind generation jumped 42% to 2.639 TWh, and solar output rose 1.7% to 1.703 TWh. On the other hand, production from onshore wind sources declined 2.7% to 11.775 TWh and hydro output fell 1.1% to 9.366 TWh.
Electricity output from gas combined cycle plants surged 42.5% to 3.453 TWh, while nuclear generation dropped 12.7% to 5.464 TWh.
At the same time, Iberdrola's installed capacity expanded 3.8% year over year to 58.877 gigawatts, primarily due to additional energy storage, solar, and wind capacities.
Both supplies of electricity and gas grew during the period by 10.6% to 27.132 TWh and 2.4% to 15.196 TWh, respectively.
In the network business, electricity distributed by the company climbed 9.7% to 68.645 TWh, driven by an 8.7% increase in supply points to 37.1 million. The UK led the growth, with electricity distributed jumping 72.6% to 14.687 TWh, and supply points expanding 69.4% to 6.1 million.
On the other hand, gas distributed in the US fell 5.5% to 25.582 TWh, as supply points narrowed 0.7% to 1 million.