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Iberdrola increases its renewable installed capacity in Mexico 42%

Iberdrola recorded a 42% year-on-year growth in its renewable installed capacity in Mexico in 2020, to 1,222 MW.

At the global level, Iberdrola is an energy leader, the largest wind producer and one of the largest electricity companies by market capitalization in the world.

The company supplies energy to nearly 100 million people in dozens of countries, has a workforce of more than 37,000 employees and has assets of over 122,000 million euros1

In Mexico, Iberdrola’s own installed capacity was 3,527 MW in 2020, which represented an annual increase of 11.9%.

Also in this country, the company’s own net production increased 37.4%, to 18,138 MW.

After investing 486 million euros in 2019, Iberdrola’s investments in 2020 were for a total of 449 million euros.

Regarding its installed capacity for third parties, this was 7,146 MW last year, an increase of 12% year-on-year, while this same indicator but limited to renewable energy was 103 MW, the same level as in 2019.

Iberdrola

In November 2020, the company presented the most ambitious investment plan in its history, endowed with 75,000 million euros until 2025.

51% of this amount will be dedicated to promoting clean energy with the aim of doubling the group’s renewable power in just five years, reaching 60,000 MW at the end of the period.

Electric grids, the backbone of the ecological transition, will be the second major investment destination, with 40% of the total, to multiply its network asset base by 1.5 times.

The remaining 9% will be invested in new products and services that respond to the needs of its customers in a context of acceleration in the electrification of energy uses with greater digitization.

Likewise, the plan will also strengthen the internationalization of the group: organic investments in all its markets are joined by the integrations of PNM Resources in the United States, Aalto Power in France, CEB-D in Brazil, and Infigen, in Australia, and the entry into new countries such as Sweden, Japan and Poland through the acquisition of an offshore wind portfolio.,

 

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