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World’s Biggest Producer of Wind Energy Records $4 Billion in Profits in 2010

Posted By Brit Liggett On February 24, 2011 @ 3:13 pm In Renewable Energy,Wind Power | 4 Comments

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The world’s largest producer of wind energy [1], 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 [2] without emitting carbon dioxide.

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Iberdrola has 44,991 megawatts of energy production [2] worldwide — they’ve got investments in many countries — and of that production wind [1] and solar [3] account for 28 percent, hydropower for 22 percent, and nuclear plants for 7.4 percent. Their production of wind and solar [2] 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 [2] 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 [2] 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 [2] 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 [2] 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 [4]


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URL to article: http://inhabitat.com/worlds-biggest-producer-of-wind-energy-records-4-billion-in-profits-in-2010/

URLs in this post:

[1] wind energy: http://inhabitat.com/energy/wind

[2] electricity: http://inhabitat.com/energy

[3] solar: http://inhabitat.com/solar-power/

[4] Bloomberg.com: http://www.bloomberg.com/news/2011-02-24/iberdrola-2010-profit-rises-to-4-billion-euros-on-higher-power-output.html

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