Record profits for Spain producer of wind energy
The world’s largest producer of wind energy, Spain-based Iberdrola SA, flew way analysts’ expectations last year with a whopping $4 billion in profits.
The company’s power generation rose 8 percent to 154,073 gigawatt hours and they produced half of that electricity without emitting carbon dioxide.
Iberdrola has 44,991 megawatts of energy production worldwide — they’ve got investments in many countries — and of that production wind and solar account for 28 percent, hydropower for 22 percent, and nuclear plants for 7.4 percent. Their production of wind and solar 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 in the US and UK in the coming years.
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