Iberdrola Reports Mixed Renewable Energy Production

Iberdrola (ES:IBE) has released an update.

Iberdrola’s latest net electricity production report shows a mixed performance with an overall decrease in total group production by 16.7% for the year 2024 compared to 2023. Despite the decline, renewable energy sources, particularly onshore and offshore wind, hydroelectric, and solar, have seen varying levels of growth in different regions, with notable increases in renewable production in Spain and the United States. However, combined cycle gas production suffered significant reductions across most regions.

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