European renewable energy companies' shares rise after revised US senate bill
U.S. Senate
passed on Tuesday a revised budget bill that was more positive for the wind industry compared to an earlier version.
"Last-minute changes provide significantly better conditions for the wind industry compared to the previous draft," Sydbank analysts say in a research note.
Shares of Danish wind turbine manufacturer
Vestas
were up around 9per cent at 0745 GMT, while its German peer
Nordex
rose some 3 per cent.
Danish offshore wind developer Orsted and Portuguese renewable energy firm EDP Renovaveis were up between around 3per cent and 4 per cent.
German utility RWE, which is also the world's second-largest developer of offshore wind farms, inched about 1per cent higher.
German solar power parts supplier
SMA Solar
jumped about 9per cent to its highest price since March.
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