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Spanish Utility Iberdrola H1 Production Rise YOY

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Spanish utility Iberdrola on Wednesday reported total H1 electricity production of 61,318 gigawatt-hours, up nearly 1% year over year, driven by a 23% surge in offshore wind and robust output gains across the UK and US.

The company's total installed generation capacity expanded by nearly 4% over the past 12 months to reach 56,827 megawatts, driven by global investments in clean energy infrastructure.

Offshore wind generation surged 23.1% to 4,310 GWh following new capacity additions. Solar photovoltaic production rose 4.8% to 4,039 GWh, while onshore wind maintained steady output at 21,709 GWh, it stated.

Production in the UK jumped 27.3% to 4,310 GWh on strong onshore and offshore wind performance, while US output grew 6.1% to 13,891 GWh, and other international markets grew 11.5%. Meanwhile, output in Spain held steady at 32,732 GWh.

Additionally, Iberdrola also reported the acquisition of Caruna, Finland's largest electricity distribution company, in a deal valued at 5 billion euros.

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