Malaysia Solar Expansion
Founder Energy Secures $1.5 Million Contract for Large-Scale Solar Facility in Kedah
Founder Group Limited has won a US$1.5 million contract to build and install a massive solar farm in Malaysia. The Leader Post reports the company will handle all the equipment, installation, and startup work for a 29.99-megawatt solar facility in Kedah state. The project is valued at RM6.05 million and falls under Malaysia's Corporate Green Power Programme, which lets businesses buy renewable energy directly from solar developers.
This deal supports Malaysia's push toward renewable energy and helps companies meet their climate goals. The programme adds grid-scale solar capacity while letting corporations source clean power. Founder Energy Sdn Bhd, a subsidiary of NASDAQ-listed Founder Group, secured the work as part of its renewable energy expansion in Southeast Asia.
What the Corporate Green Power Programme Does
Malaysia's Corporate Green Power Programme is a direct power purchase system. Market Screener explains that the programme lets companies bypass traditional utilities and buy solar energy straight from large solar operators through the grid. This approach accelerates corporate decarbonization efforts while expanding Malaysia's renewable energy supply. Companies can meet their sustainability targets while developers gain guaranteed customers for grid-scale projects.
The Solar Facility in Kedah Gets Grid-Ready Power
Founder Energy's contract covers the full cycle of the 29.99-megawatt solar project. The work includes procuring all equipment, handling electrical and mechanical installation, and commissioning the facility in Daerah Kuala Muda, Kedah. This EPCC contract—engineering, procurement, construction, and commissioning—means Founder manages every step from purchase to power generation. The facility will connect to Malaysia's national grid to supply corporate clients.
Founder Group Expands Its Solar Business in Southeast Asia
Founder Group Limited, listed on NASDAQ under ticker FGL, continues building its renewable energy footprint across the region. The RM6.05 million contract demonstrates the company's ability to win large-scale solar projects under Malaysia's government-backed programmes. The deal positions Founder Energy to compete for additional renewable energy contracts as Malaysia ramps up its solar capacity targets. The company now operates across multiple markets as demand for corporate renewable power grows.
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