REG - European Green Trns. - Q1 2026 Operational Update

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RNS Number : 7071Z  European Green Transition PLC  09 April 2026

European Green Transition PLC

("EGT", or the "Company")

Q1 2026 Operational Update

9 April 2026 – European Green Transition plc (AIM: EGT), a company operating
in the critical infrastructure sector, provides an operational update on its
Wind Energy Services business for the three months ended 31 March 2026 ("Q1
2026").

Further to EGT's successful and oversubscribed £7.5 million fundraise and the
completion of the acquisition
(https://www.londonstockexchange.com/news-article/EGT/acquisition-of-infrastructure-services-platform/17475235)
of the Wind Energy Services business, the Company has had a positive start to
2026, with continued momentum across its repowering pipeline and order book,
under its brands Earthmill Maintenance, Silverford Engineering and Wind Energy
Partnership (WEP).

Repowering Pipeline and Orderbook

Repowering projects, which involves replacing and upgrading ageing wind
turbines with more powerful and efficient models while utilising existing
infrastructure, represents a significant growth opportunity for the Company.
 Following UK government policy changes in summer 2025, which lifted the
effective ban on onshore wind planning permissions, the Wind Energy Services
business has experienced a notable increase in customer engagement, contract
wins and project delivery. As at 31 March 2026, the repowering orderbook and
pipeline had expanded as follows:

·    55 signed Heads of Terms

·    25 planning approvals granted

·    Project commencements and deposits received for 13 projects

·    Three repowers completed to date

The Company expects to build on its current number of signed repowering heads
of terms during Q2 2026, with increased operational delivery and further
progress anticipated. The Company is currently engaged with approximately 280
qualified prospects across its existing client base of c. 900 turbines. With a
typical repowering contract value of approximately £450k, this represents a
potential repowering revenue opportunity of £126 million. These qualified
prospects and existing customers are typically small, industrial high-energy
users requiring energy security, particularly in light of the ongoing energy
crisis caused by geopolitical volatility and uncertainty.

Outlook

The Company has strong visibility over near and medium-term revenue, in line
with management expectations for significant growth in 2026 and beyond. UK
government policy continues to prioritise the acceleration of domestically
generated, low-cost renewable energy, with onshore wind recognised as one of
the fastest and most cost-effective technologies to deploy, with the UK
seeking to double onshore wind capacity to 2030.

Recent proposals to remove planning barriers for small-scale onshore wind
turbines are expected to support increased adoption of distributed energy
solutions, improving cost certainty for small businesses while reducing
reliance on volatile fossil fuel markets. Furthermore, it is expected that by
2035, over 50% of the UK's current onshore wind capacity will face decisions
around repowering.

EGT believes these supportive policy developments are directly aligned with
its strategy, and expect this to complement its repowering pipeline and drive
increased demand for operations, maintenance and related services.

Dave Broadbank, Managing Director of the Wind Energy Services business, said:
 "We have started 2026 with strong momentum, supported by an expanding
repowering pipeline and increasing customer activity. In an environment where
energy security is a growing priority for us all, demand for onshore wind and
repowering solutions continues to build. With supportive policy tailwinds and
clear visibility over future projects, we are confident in our ability to
deliver significant growth in 2026 and beyond and of reaching our medium-term
target of £50 million Group revenue and double-digit EBITDA margin."

Enquiries

 

 European Green Transition plc                           +44 (0) 208 058 6129

 Cathal Friel, Executive Chair

 Jack Kelly, CFO

 Panmure Liberum - Nominated Adviser & Joint Broker      + 44 (0) 20 7886 2500

 James Sinclair-Ford / Gaya Bhatt

 Mark Murphy / Rauf Munir

 OAK Securities - Joint Broker                           +44 (0) 20 3973 3678

 Jerry Keen / Calvin Man                                 +44 (0) 7733 117328

 Camarco - Financial PR                                  + 44 (0) 20 3757 4980

 Billy Clegg / Tilly Butcher / Poppy Hawkins             europeangreentransition@camarco.co.uk

 

Notes to Editors

European Green Transition plc (AIM: EGT) is a company focused on acquiring,
integrating and optimising revenue-generating and profitable services
businesses in the critical infrastructure sector across the UK and Ireland.

 

In 2026, EGT delivered a significant milestone in this strategy by acquiring
an EBITDA profitable operation, maintenance, repairs, and remote monitoring
platform business which serves over 900 onshore wind turbines across the UK
& Ireland. This platform includes Earthmill, Wind Energy
Partnership, Silverford Engineering, and Anemos Analytics.

 

The Company's strategy is to deliver sustained organic growth by expanding its
service offering, driving operational efficiencies to support margin
improvement, and generating strong free cash flow to fund reinvestment and a
progressive dividend strategy. EGT is pursuing a disciplined capital
allocation policy, including targeting selective bolt-on acquisitions across
the critical infrastructure space in the UK, Ireland, and Europe, such as
water, energy, roads, and data centres. The Company is also seeking to sell or
partner its existing portfolio of non-core mining projects, including the
Olserum Rare Earth Element (REE) Project.

 

Stay updated: Website (https://www.europeangreentransition.com/)  | Sign up
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(https://www.linkedin.com/company/european-green-metals-ltd)

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