RWE sticks with US market despite local push to curb renewable growth

FRANKFURT, Aug 14 (Reuters) - RWE RWEG.DE spent more than half of its investment budget in the United States in the first half, its finance chief said on Thursday, as Germany's largest power producer remains optimistic on the market despite efforts to curb the growth of renewables.

Around 1.4 billion euros ($1.6 billion) of the 2.5 billion in investments were spent in the U.S. in the first six months, Michael Mueller told reporters after presenting first-half results.

"We envisage that the expansion of onshore renewable energy in the U.S. will continue, primarily due to the dynamic growth in electricity demand," CEO Markus Krebber said.

($1 = 0.8564 euros)