European renewable energy companies' shares rise after revised US senate bill

Vestas Wind Systems A/S

02/07/2025 09:07

July 2 (Reuters) - Shares in European renewable energy companies rose on Wednesday after the 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 VWS.CO were up around 9% at 0745 GMT, while its German peer Nordex NDXG.DE rose some 3%.

Danish offshore wind developer Orsted ORSTED.CO and Portuguese renewable energy firm EDP ​​Renovaveis EDPR.LS were up between around 3% and 4%.

German utility RWE RWEG.DE, which is also the world's second-largest developer of offshore wind farms, inched about 1% higher.

German solar power parts supplier SMA Solar S92G.DE jumped about 9% to its highest price since March.

 (Reporting by Jesus Calero and Marleen Kaesebier in Gdansk, editing by Milla Nissi-Prussak)

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