Spanish electricity company Iberdrola SA (IBE.MC) Monday said third-quarter electricity output rose 2% to 35,367 gigawatt-hours, amid a surge in hydroelectric and coal-fired power production.
Spanish electricity company Iberdrola SA (IBE.MC) Monday said
third-quarter electricity output rose 2% to 35,367 gigawatt-hours, amid a surge
in hydroelectric and coal-fired power production.
Hydroelectric power rose 64% on the year, following heavy rains in
Spain
earlier in the year that replenished hydroelectric reservoirs.
The company's power output from coal-fired plants also rose, by 24%, while
nuclear power and renewables production both rose 17% in the third quarter from
a year earlier.
At the end of the third quarter, Iberdrola had an installed capacity of 44.46
gigawatts, 0.7% higher than a year earlier. The company's capacity to produce
electricity from fuel oil fell, while its renewable power output rose.
Iberdrola, based in
Bilbao
,
northern
Spain
, is
the world's biggest wind-power generator.
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