RENEWABLE ENERGY BUSINESS
Nine months 2016
The Renewable business secured an EBITDA of €1,143.1 million through September (-3.3%), primarily due to the drop in production and the effect of the exchange rate in the United Kingdom.
At the close of the first nine months of 2016:
- The business had a particularly salient performance in Spain, where the EBITDA for renewables leaped 15.9% to €410.2 million, driven by a 5.8% increase in production.
- Latin America also had prominent growth, as the business's EBITDA climbed 20.9% to €55.1 brought about by a larger contribution from Mexico (+41.7%).
Further information on economic-financial and operating data of the Iberdrola Group can be found in the section In Figures, Nine Months 2016 Report Results [PDF] and Results Presentation Nine Months 2016 [PDF].