The company said its renewables division Iberdrola Renovables recorded a gross operating profit of €1,455 billion, an increase of 9.8%. However, its net earnings fell 3% as a result of poor performance from gas.
The company added that electricity production from renewables had increased by 18%, with wind contributing to 96.5% of overall production.
Overall wind capacity is at 12,532MW, which includes 1780MW of new capacity. 60% of the new capacity comes from the US; 420MW from Spain; 130MW from the UK; and 187 from the rest of Europe and Latin America.
Iberdrola Group results