This week, the EU is reportedly planning to announce a large bond sale to finance energy and military costs resulting from Russia's invasion of Ukraine – leading many green energy equities to appreciate, reports Bloomberg News.

For instance, Vestas stock is up 3.3 percent to DKK 218.90 and Ørsted's by 1.4 percent to DKK 860.80. Other equities such as Nel, SMA Solar Technology, and ERG show rising share prices with percentual gains ranging from 5.5 to 12.4.

Power companies such as British Hunting, Germany's Uniper and its Finnish owner, Fortum, are also faring well as rumors of the EU issuing bonds circulate. Respectively, these stocks are up by 15.6, 6.3 and 4.3 percent.

Revealing the bond sale could come in connection with a summit hosted in France from March 10-11, although further details such as program scale are yet unknown to the public, the media writes.

According to Bloomberg's sources, the EU Commission will manage issuance of the fixed income securities, and later channel proceeds to member states in the form of favorable loans for use in energy and military investments.

"We must find new tools to address the new problems raised by this crisis," said EU Commissioner for Economy Paolo Gentiloni on Monday.

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