- Published: 10 November 2017 10 November 2017
Iberdrola has decided to complete the process of phasing out all its coal-fired power generation capacity worldwide. The technology represents 1.8% of the group's total installed capacity of 48,062MW.
With this decision the company ratifies its commitment to reduce its CO2 emissions intensity by 50% in 2030 and become carbon neutral in 2050. Iberdrola group operates 28,778 MW clean capacity through renewable energy generation sources, mainly onshore and offshore wind (15,902 MW) and hydroelectric power (12,756 MW). Once the remaining coal-fired plants are closed the company's emissions-free capacity will stand at 68%.