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Renewable Energy Business

Renewables EBITDA up 22.7% to €1,126.5 million driven by the recovery in Spain and strong UK performance

During the first nine months, EBITDA by geographical areas have been:

  • In Spain, EBITDA was  €353.8 million with a (-5,5%) drop in production of energy compensated by a recovery in prices.
  • Renewables in the UK recorded EBITDA of £219.4 million in a year marked by an increase in operating capacity (+30.3%) and the startup of West of Duddon Sands, IBERDROLA's first offshore wind farm.
  • In the US, EBITDA from renewables came to $396.9 million, affected mainly by lower output (-7.0%) vs same period in 2014, due to climate conditions in the West.
  • In Latin America, EBITDA came to €45.6 million, as a consequence of higher output (+16.2%) in Mexico and Brazil.
  • In the rest of the world, EBITDA came to €70.2 million, underpinned by a better load factor that increased production by 13%.

At the end of the first nine months of 2015, the Renewables business had an installed capacity of 14,659 MW. IBERDROLA has consolidated 14,056 MW and manages through investee companies a further 283 MW.

Further information on economic-financial and operating data of the IBERDROLA Group can be found in the section In Figures, Nine Months 2015 Report Results [PDF] and Nine Months 2015 Results Presentation [PDF].


2015 THIRD QUARTER RENEWABLES BUSINESS EBITDA BREAKDOWN (%): U.S. 32%; Spain 31%; UK 27%; RoW - 6%; Latin America - 4%.

The 14,659 MW installed as at the end of the first nine months of 2015, have the following geographic distribution:


2015 THIRD QUARTER INSTALLED CAPACITY: Wind power Spain 39.2%; Wind power Other Renewables 2.8%; Wind power rest of the worls 5%; Wind power Bazil 1.3%; Wind power Mexico 2%; Wind power United Kingdom 11.1%; Wind power USA 38.5%

To find out the results of previous years access to Quarterly information.

  • © 2015 Iberdrola, S.A. All rights reserved.