* Gamesa more optimistic on U.S. renewables market outlook
* Sees continued uncertainty in Spain
MADRID, May 20 Spanish wind turbine manufacturer
Gamesa (GAM.MC) said it was more optimistic on the outlook for
the U.S. renewable energy market, while regulatory uncertainty
in Spain was still a concern.
"The U.S. market has a huge potential ... Recently I have
seen things going in a more positive direction. There are
senators in Washington who want to create a framework for
renewable energies," Gamesa chairman Jorge Calvet told
journalists on Friday.
"Draft legislation is being drawn up, and I think there will
be more developments at the end of the year," he said.
Calvet expressed concern, however, about the outlook for
Spain's renewable energies market, where regulatory uncertainty
has blocked new projects in a sector considered key for job
creation in a country with the highest unemployment rate in the
"As there is no regulatory framework from 2013 onwards, our
clients are not investing, and we are not selling anything,"
Gamesa has set up a fund to invest 50 million euros ($72
million) over five years in new renewable technologies, Calvet
Gamesa Venture Capital will buy minority stakes in companies
developing products using the latest technology and has recently
taken stakes in two U.S. firms, he said.
(Reporting by Jose Elias Rodriguez; writing by Judy MacInnes;
Editing by Will Waterman)