GREENYELLOW AND AJP GROUP PARTNER TO DEPLOY A 4.6 MW SOLAR PHOTOVOLTAIC PROJECT ACROSS 10 SHOPPING CENTERS IN EAST RAND

7,500 SOLAR PANELS INSTALLED ACROSS 10 AJP GROUP SHOPPING CENTERS
Deployed across 10 sites, this large-scale program will include a combination of rooftop photovoltaic solar installations and solar carports, dedicated to self-consumption. It aims to generate 7.5 GWh of green electricity per year, totalling 150 GWh over the 20-year contract period. The project will reduce reliance on traditional coal-powered electricity grids while optimizing energy costs. With over 7,500 solar panels installed, it will avoid the emission of 6,952 tons of CO₂ annually—the equivalent of planting 34,800 trees per year—further strengthening AJP Group’s sustainability strategy.

The first construction phase began in March 2025 at AJP’s Brentwood Park shopping center in Benoni (Gauteng province). All 10 shopping centers are expected to be completed by September 2025, enabling AJP Group properties to benefit from green, local, and cost-efficient energy before the end of the year.

A ZERO-INVESTMENT SOLUTION, TARGETING 120% ENERGY COST SAVINGS OVER THE CONTRACT DURATION
Recognizing the complexities and responsibilities associated with managing energy assets, AJP Group has selected GreenYellow South Africa to fully operate and maintain the photovoltaic solar plants. This collaboration ensures a seamless and optimized solution, perfectly aligned with AJP Group’s operational requirements. The project highlights GreenYellow’s expertise in multi-site installations on active sites, without impacting AJP Group's day-to-day operations.

Thanks to GreenYellow’s third-party financing model, AJP Group gains access to renewable energy with no initial investment, operational constraints, or maintenance responsibilities. The power purchase agreement (PPA) will generate significant savings, reducing energy expenses by approximately 120% over the project’s lifetime.
To mark the official project launch, representatives from GreenYellow South Africa and AJP Group gathered on Friday, February 21, at the AJP campus in Kempton Park for an inauguration ceremony.

During the event, Michael ILIAS, Managing Director of GreenYellow South Africa, emphasized the strategic importance of this partnership: "Our collaboration with AJP Group reaffirms our commitment to delivering clean and cost-effective energy solutions. This initiative not only reduces the group’s reliance on grid electricity but also generates significant financial and environmental benefits in the long run. We look forward to witnessing the positive impact of these installations, which will enhance both operational efficiency and the sustainability goals of AJP Group’s commercial properties. This power purchase agreement is more than just a contract—it represents shared values, a commitment to sustainability, and the strength of a long-term partnership."

John BALADAKIS, CEO of AJP Group, also expressed his enthusiasm for the project:
"We are thrilled about this partnership, and today we celebrate this significant milestone with the GreenYellow team. AJP Group has always prioritized innovation and sustainability in its real estate developments, and this collaboration further strengthens our commitment to reducing environmental impact while creating meaningful value for our stakeholders."