
European Green Transition CFO: Drax deal renewal locks in wind services revenue through to 2031
28.9.2026
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European Green Transition PLC (AIM:EGT) CFO Jack Kelly spoke with Proactive's Stephen Gunnion about the renewal of a five-year operations and maintenance contract covering 94 wind turbines with Drax Group, and what the agreement means for the company's wind services business and wider growth strategy.
Kelly described the renewal as "great news," highlighting the importance of extending the relationship with a long-term customer for a further five years, providing revenue and financial visibility across a large proportion of the company's turbines through to 2031.
The contract covers a technically varied fleet of 94 turbines, including Endurance, WTN and Vestas machines, which Kelly said showcases the engineering capabilities across the company's wind services platform, spanning Earthmill in Great Britain and Wind Energy Partners and Service It on the island of Ireland.
He also discussed the business's geographical reach, with service teams operating across the South West, Cornwall, Wales, Yorkshire, the Midlands, Scotland and the island of Ireland — a footprint Kelly said puts the company in a strong competitive position with large institutional customers and asset owners.
On the wider growth strategy, Kelly said the contract fits with European Green Transition's focus on critical industries, infrastructure and renewable assets, and its ambition to reach a £50 million revenue target. He also highlighted an opportunity targeting sub-one-megawatt wind turbines and wind farms coming off legacy manufacturer service warranties, calling it "a huge market opportunity across the UK and Ireland."
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