European Green Transition has reported strong early trading from its newly acquired wind energy services arm, booking around £6.8m of statutory revenue in the four months since the deal completed.
The AIM-listed critical infrastructure group bought the Wind Energy Services business out of the liquidation of Arena Capital Partners in February. Across the full six months to 30 June, that business generated about £8.5m of revenue, spanning operations, maintenance, repair, monitoring and turbine repowering work.
EGT said growth was driven by a swelling repowering orderbook, where turbine owners upgrade ageing kit with more efficient technology to lift output and extend asset life.
And the foundations are in place for further growth.
The orderbook reached 65 signed heads of terms by the end of June, with eight repowers completed, 30 planning approvals granted and 20 projects under way. The company said it is in talks with around 280 qualified prospects across a client base of roughly 900 turbines, an opportunity it values at some £126m.
The unit, made up of Earthmill Maintenance, Silverford Engineering, Wind Energy Partnership and Anemos Analytics, is benefiting from UK government reforms that have removed planning barriers to onshore wind in England.
EGT lifted its stake in Anemos Analytics, a remote monitoring business, to 79% in May; it is now contracted across 133 turbines.
The group ended the half debt free with about £5.8m of cash. It expects the wind services business to bring in £17m to £18m of revenue over the 12 months to December, of which roughly ten months’ worth will be attributable to EGT.
The board said it remains on track for its medium-term target of £50m in group revenue at double-digit EBITDA margins.
Cathal Friel, Executive Chairman of EGT, said: “H1 2026 has been a transformational period for EGT, marked by our acquisition of the Wind Energy Services business. 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 c.900 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.”