Create a free Manufacturing.net account to continue

Renovables, REC post firm H1 results, upbeat on 2010

MADRID/OSLO (Reuters) - Iberdrola Renovables and Renewable Energy Corp kicked off Europe's green energy reporting season on Tuesday with sharp upticks in first-half earnings and upbeat 2010 forecasts, but neither gave a forecast for 2011.

MADRID/OSLO (Reuters) - Iberdrola Renovables and Renewable Energy Corp kicked off Europe's green energy reporting season on Tuesday with sharp upticks in first-half earnings and upbeat 2010 forecasts, but neither gave a forecast for 2011.

Spain's Renovables, the world's largest generator of wind power, reiterated its forecast to grow its core earnings by 20 percent in 2010, while Norway's REC, which makes solar power equipment, forecast growth in the second half, thanks to higher demand.

SOURCE

More