Highly transparent electrodes are demonstrated based on thermally evaporated calcium:silver blend thin–films, which show unusually high transmission well above the expectations from bulk material properties and thin film optics. These electrodes exhibit a low sheet resistance of 27.3 Ω/, combined with an extraordinarily high mean transmittance of 93.0% in the visible spectral range (σdc/σopt = 186.7), superior to the commonly used inorganic electrodes made from indium tin oxide (ITO). Additionally, the metal blend electrode is flexible, showing a constant sheet resistance down to a bending radius of 10 mm and can be employed on top of organic devices without causing damage to the organic material. The spontaneously formed unique microstructure of a polycrystalline Ag network with randomly distributed nanoapertures, surrounded by a calcium shell, enables broadband transmittance enhancement due to amplified plasmonic coupling. Consequently, top‐illuminated organic solar cells using such metal blend electrodes achieve a power conversion efficiency of 7.2% (which defines a new record for top illuminated organic solar cells) and even exceed the efficiency of similar bottom‐illuminated reference solar cells (6.9%) employing common ITO electrodes.