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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%.

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].

RENEWABLES BUSINESS EBITDA BREAKDOWN (%)

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

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

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