European Green Transition (EGT ) delivered revenues of around £6.8 million in the four months since it completed on the acquisition of the Wind Energy Services business.
For the full six months to June 2026, the Wind Energy Services business generated revenue of around £8.5 million, through continued growth across operations, maintenance, repair, monitoring and repowering services
The repowering orderbook has expanded to 65 signed heads of terms agreements, with eight repowering projects completed as at 30 June 2026
The EGT board expects the Wind Energy Services business to generate revenue in the range of between £17 million and £18 million for the 12-month period ending 31 December 2026, although revenue attributable to EGT will represent the 10-month period since completion only.
That puts EGT on course to deliver its medium-term target of £50 million group revenue and double-digit EBITDA margins.
As at 30 June 2026, ECT had a cash balance of around £5.8 million.
Wind Energy Services continues to engage with around 280 qualified prospects across its client base, representing a potential repowering revenue opportunity of £126 million.
Anemos Analytics, in which EGT increased its stake to 79% in May 2026, saw growing engagement over the period and is now contracted with 133 turbines across the UK.
The repowering market continues to present a substantial growth opportunity for EGT, as wind turbine owners look to increase generation, operational performance and asset longevity by upgrading ageing turbines with more efficient technology.
"H1 2026 has been a transformational period for EGT, marked by our acquisition of the Wind Energy Services business,” said Cathal Friel, executive chairman of European Green Transition.
“The strong trading performance delivered since completion reinforces our confidence in the strategic rationale for the acquisition and in the team's ability to deliver on its growing orderbook and capture a greater share of the potential £126 million repowering revenue opportunity across its existing client base of circa900 turbines. With a supportive UK policy backdrop, an expanding pipeline, increasing market activity and disciplined integration progress, the board is confident in the group's revenue trajectory. We look forward to building on this momentum through H2 2026 and beyond as we progress on track towards our medium-term target of £50 million of group revenue and double-digit EBITDA margins."
View from Vox
Recent UK Government reforms to onshore wind policy, which removed planning barriers in England, continue to drive higher market activity and investment. The Wind Energy Services business remains a clear beneficiary of this favourable backdrop, with growing customer engagement, an expanding pipeline, rising contract awards and higher project delivery. Its targets are ambitious, but eminently achievable.