Recurring O&M Revenue ModelA service-based O&M model generates recurring, contract-linked fees tied to asset availability and lifecycle work. This creates predictable revenue streams, high client stickiness and scalable margins over time as the wind asset base grows, supporting durable cash flow generation.
Improving Balance Sheet And LeverageA materially stronger equity position and improved debt-to-equity reduce refinancing risk and enhance financial flexibility. This durability allows the firm to compete for long-term service contracts, absorb project timing variances, and fund major repairs without immediate distressed financing.
Positive Operating And Free Cash FlowThe shift to positive operating and free cash flow signals improving operational efficiency and begins to support self-funding of maintenance and spares. If sustained, this strengthens liquidity, reduces dependence on external capital, and underpins longer-term reinvestment in service capabilities.