European Green Transition ( ) has secured a five-year operations and maintenance contract renewal across a portfolio of 94 wind turbines in Great Britain and Northern Ireland with the Drax Group.
The portfolio of 94 wind turbines was acquired by Drax as part of its acquisition of Bluefield Solar Income Fund in July 2026.
Drax is a renewable and flexible generation energy company engaged in generating dispatchable power, producing sustainable biomass and selling renewable electricity to businesses.
The renewed five-year O&M contract with the portfolio, extends a successful partnership first established in 2021 and provides long-term, revenue visibility through recurring contracted income to 2031.
The contract encompasses a diverse fleet of turbines, including Endurance E-Series and X-Series, Vestas and WTN models, highlighting the breadth of technical expertise inside EGT and its ability to support multiple turbine technologies across varied operating environments.
The turbines will be serviced by EGT’s integrated Wind Services business, combining the expertise of the Earthmill, Silverford and WEP teams.
“This agreement with Drax marks an important step for EGT’s Wind Services platform and reflects our strategy of securing long-term, recurring revenue streams through high-quality operational contracts,” said Cathal Friel, executive chair of European Green Transition.
“The scale and geographic reach of this mandate underline Earthmill’s growing capability to deliver at a national level and support a broad base of wind energy assets. As the UK’s onshore wind fleet continues to expand and mature, we see a significant opportunity to secure further contracts of this nature, strengthening our market position while driving stable, long-term value for shareholders.”
View from Vox
The deal demonstrates EGT’s ability to manage diverse turbine fleets at scale and reinforces EGT’s position as a trusted partner to large renewable energy providers across the UK and Ireland. It also maintains the strong momentum that EGT has built up since it committed to the wind turbines business. The company now expects to generate between £17 million and £18 million in revenues in the year to end 2026. In that context, it’s not surprising that the shares have steadily risen over the past 12 months, and now stand at roughly double the price they were at in September 2025.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
