Gallery: World’s Biggest Producer of Wind Energy Records $4 Billion in ...

 

The world’s largest producer of wind energy, Spain-based Iberdrola SA, blew way analysts’ expectations last year with a whopping $4 billion in profits — analysts had expected their gain to clock in at $3.9 billion. To sweeten the deal even more, the company’s power generation rose 8 percent to 154,073 gigawatt hours and they produced half of that electricity without emitting carbon dioxide.

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4 Comments

  1. TFStacy February 28, 2011 at 9:58 am

    It would be better for you, Mr. Ligett, if you would refrain from nonsensically mixing units of power with units of energy. Of course, that assumes your readers go beyond religion and into science in their analysis of the electricity sector – perhaps too idealistic of ME!

    I would recommend you spend some time learning at Cork Hayden’s “The Energy Advocate.” Cork and physics get along, and he has a way of helping people like yourself overcome elementary roadblocks to credibility.

    Thank you.

  2. John Cox February 26, 2011 at 2:51 pm

    This article leaves out an important component, subsidies. Without tax payer funds no profits.
    http://www.businessweek.com/news/2010-07-05/iberdrola-renovables-acciona-climb-after-accord-on-subsidies.html

  3. Luca Semprini February 25, 2011 at 9:09 am

    While this certainly makes a great case study, it also remains an exception to the rule. WIthout a nationwide energy policy, it will be very difficult for renewable energy companies in the U.S. to turn in numbers even remotely close to this…

    That said, wind power (together with solar) shows great potential to generate ROI in a relatively narrow time frame. Check out Powering a Nation’s Roping the Wind, for example, to learn more about wind power and its economic impact.

    Luca Semprini

  4. caeman February 25, 2011 at 8:23 am

    Awesome! So, wind is profitable! No need for any more subsidies, then.

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