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The world’s largest producer of wind energy ^[4], 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 ^[5] without emitting carbon dioxide.

Iberdrola has 44,991 megawatts of energy production ^[5] worldwide — they’ve got investments in many countries — and of that production wind ^[4] and solar ^[6] account for 28 percent, hydropower for 22 percent, and nuclear plants for 7.4 percent. Their production of wind and solar ^[5] rose to 12,532 gigawatts last year. The company generates about half their energy outside of Spain and looks to invest a huge chunk of change into renewable energy ^[5] in the US and UK in the coming years.

We all know you can shout from the rooftops about the environmental benefits of renewable energy ^[5] and there will still be a whole host of people that don’t listen but this major profit from one of the biggest renewable energy ^[5] producers in the world is great news for the clean cause because non-believers all start paying attention when “cha-chings” are heard. In a down economy Iberdrola has proven that green energy ^[5] is on the up and up. With as much as $22 billion over the next two years in investments — much of it in renewable energy generation — we can all be expecting this initial Iberdrola profit gain to keep on keeping on.

Via Bloomberg.com ^[7]