Iberdrola's profit rises despite lower RE generation

Iberdrola's renewable energy generation declined 8.4 percent in the first nine months of this year, but the Spanish utility still managed to boost its profit by 20 percent to EUR 2.52 billion against the comparable period of 2018.

BY VICTOR EMIL KRISTENSEN

Spanish utility Iberdrola's investments counteracted lower electricity output in the third quarter of 2019 compared to the same period of 2018.

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