Enel raises global renewables output by 11.6% y/y in Q1 2023

Enel raises global renewables output by 11.6% y/y in Q1 2023 The Roadrunner solar farm in Texas. Source: Enel Green Power North America

Italian utility Enel SpA (BIT:ENEL) produced 29,951 GWh of electricity from clean and renewable sources across its markets around the world in the first quarter of 2023, recording an increase of 11.6% year-on-year.

The company categorises renewables as hydro, wind, geothermal and solar & others.

On the global level, power production from hydro, wind and solar & others rose in annual terms, while performance of geothermal plants underwhelmed. Enel operates geothermal in Italy, Latin America and North America markets.

Iberia was Enel’s best performing market during the first quarter, with all types of power plants increasing production significantly compared to the same period a year back, according to the company’s operating report.

Details of the report are summarised in the table below:

TECHNOLOGY: Global production in GWh: y/y change: Installed capacity at end of Q1 2023: y/y change:
Hydro 13,530 11.2% 28,356 MW -0.1%
Wind 11,845 10.8% 15,866 MW 5.9%
Solar & others 3,090 28.3% 8,678 MW 26.5%
Geothermal 1,486 -6.0% 931 MW 1.8%
TOTAL RENEWABLES BY MARKET: Production in GWh: y/y change: Installed capacity at end of Q1 2023: y/y changed:
Italy 4,382 1.2% 14,685 MW 0.7%
Iberia 3,940 32.3% 9,293 MW 10.0%
Latin America 13,663 13.8% 17,988 MW 7.6%
Rest of Europe (after Enel Russia disposal) 665 -11.2% 1,020 MW -19.6%
North America 6,709 11.3% 9,640 MW 21.4%
Africa, Asia & Oceania 591 -21.9% 1,206 MW -44.8%

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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