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European and U.S. green energy stocks have surged as Russia’s invasion of Ukraine increases pressure on governments to build more wind and solar power to reduce dependence on imported fossil fuels.

The world’s biggest wind turbine-maker Vestas Wind Systems A/S and competitor Siemens Gamesa Renewable Energy SA gained more than 15% on Monday, while Nordex SE rose as much as 21%. Denmark’s Orsted A/S, the world’s biggest developer of offshore wind farms, gained as much as 11%.

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