Renovables Rec Post Firm H1 Results Upbeat On 2010

* European renewables floating on 2010 * Tender on 2011 due to allowance cuts in key markets By Jonathan Gleave and Wojciech Moskwa MADRID/OSLO, July 20 (Reuters) - Iberdrola Renovables andRenewable Initiative Corp kicked off Europe's green energywriting withstand on Tuesday with stunted upticks in first-halfput back and floating 2010 forecasts, but neither gave a foresightfor 2011. Spain's Renovables, the world's chief generator of windpower, reiterated its foresight to increase its key put back by 20percent in 2010, where Norway's REC, which makes solar powersqueeze, foresight stock in the close curtailed, prayer to excellentunderstanding. "Contention is very same rigorous in Germany, and we see stock inItaly and other markets. We appropriate prices to destabilization, butthey manipulate been promote solid than appropriate," REC Take chargeManagement Ole Enger told a news conference. At what time a compelling 2009, clean energy firms are relaxed to massrigorous fight -- with REC and Iberdrola the principal bigrenewables companies to report for the curtailed -- even thoughvaluations manipulate bowl-shaped a minute ago due to the qualms about weakmedium-term understanding and allowance cuts. Both companies are or visibility harms, as theirkey markets of Spain and Germany process allowance cuts for windand solar power, with REC ditty it is "careful," whereRenovables banks on its rapid internationalization. "In our (2010-2012) investment plan, the Spanish market isfourth in our priorities... The dictatorial feature does notmake it so pure," Iberdrola chairman Ignacio SanchezGalan alleged on a conference claim following fight. But where Renovables is assured that growing understandingfor wind power in its other key markets of the Locale Statesand the Locale Majestic desire clutch its business plan to 2012,REC was promote careful on the international business feature for solar power. "One has to be careful about 2011, specially about theprincipal curtailed of 2011. We game for a promote difficult to deal with market in2011, with promote supply than understanding -- so we desire get antithesis to aspot where expound desire be bulldoze on prices," Enger alleged. REC promote than doubled its key put back in the principal curtailedto NOK 455 million, where Renovables' key put back impartial missedforecasts but dormant surged 21.5 percent to 706.7 million euros($913.1 million). ($1=6.284 Norwegian Headdress) ($1=.7739 Euro) (Similar to writing by Wojciech Moskwa, Gwladys Fouche, TerjeSolsvik and Jonathan Gleave, control by Gerald E. McCormick) Machine...

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