CFO Pulse Videos

EGT Wind Power Pipeline Tops £100m

European Green Transition (EGT) used its quarterly update to spotlight a fast‑growing wind‑repowering business acquired earlier this year. The strategy swaps aging 250 kW turbines for 660 kW units, effectively doubling both energy generation and revenue per site. Recent installations already show a 250 kW turbine yielding £178 k annually being replaced by a 660 kW turbine projected to earn nearly £390 k. The company reports 55 signed heads of terms, with 25 projects cleared through planning and 13 already under construction. A pipeline of 280 high‑energy‑user prospects translates to an estimated £126 million of future repowering contracts, each averaging about £450,000. EGT also maintains a core O&M portfolio of 900 turbines, generating £13‑14 million annually from long‑term service agreements. Dave Broadbank emphasized the security benefits of on‑site generation amid Middle‑East geopolitical volatility, noting that excess power can be sold under power‑purchase agreements. CFO Jack Kelly highlighted the medium‑term financial targets: £15 million in revenue and a double‑digit EBITDA margin aiming for a £50 million EBITDA figure, underpinned by the repowering pipeline and upcoming regulatory changes that may ease planning for turbines under 30 m. If EGT can convert its qualified prospects and accelerate commissioning, it stands to capture a sizable share of the UK’s ambition to double onshore wind capacity to 30 GW by 2030. Success would bolster the firm’s earnings, reinforce domestic energy security, and position it as a first‑mover in a market poised for rapid expansion.