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 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."