European Green Transition PLC (AIM:EGT), in its first half trading update, said its newly acquired wind services operation is expected to generate between £17 million and £18 million of revenue in 2026 after a strong first-half performance.
The Wind Energy Services business produced around £8.5 million of revenue in the six months to June, with £6.8 million recognised by EGT during the four months following completion of the acquisition on 25 February.
"H1 2026 has been a transformational period for EGT, marked by our acquisition of the Wind Energy Services business," said chief executive Cathal Friel.
"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."
The company's repowering orderbook expanded to 65 signed heads of terms. By the end of June, 30 projects had secured planning approval, 20 had commenced with deposits received and eight repowers had been completed.
EGT said around 280 qualified prospects within its existing 900-turbine customer base represented a potential £126 million revenue opportunity. Anemos Analytics, in which the company increased its stake to 79% in May, was contracted across 133 UK turbines.
The group remained debt-free with approximately £5.8 million of cash at period-end. It also reiterated its medium-term target of £50 million in group revenue and double-digit EBITDA margins.
