Core Insights - Founder Group Limited has secured a contract worth RM11.6 million (approximately US$2.6 million) for a rooftop solar PV generating facility in Malaysia [1][4] - The company will act as a contractor responsible for the design, engineering, procurement, supply, delivery, construction, and commissioning of the facility [3][4] - The partnership is expected to yield a double-digit profit margin and recurring revenue opportunities over the next 15 to 21 years [4][5] Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic (PV) systems in Malaysia [1][7] - The company specializes in large-scale solar projects and commercial and industrial (C&I) solar projects, focusing on innovative solar installation services [7] - It is a major supplier of solar PV mounting structural systems and the sole supplier of ground-mounted tracking systems in Malaysia [2][7] Industry Context - The Malaysian government has increased its renewable energy targets to achieve 40% capacity (23GW) by 2035, up from the current 27% (12GW) [6] - Solar energy is expected to contribute over 80% of the 11GW growth required by 2035, with new large-scale solar initiatives being launched [6] - The total value of EPCC contracts in the market has risen to RM12.4 billion, indicating sustained sector activity through the end of 2027 [6]

Core Viewpoint - Founder Group Limited has secured a Letter of Award worth RM20 million (approximately US$4.5 million) for the construction of a floating solar farm in Kuala Langat, Selangor, Malaysia [1]. Group 1: Project Details - The floating solar farm project spans approximately 24 acres and is designed to generate 9.99MWac/15.033625MWp of solar power [2]. - The project utilizes floating photovoltaic (FPV) technology, which reduces land usage while maximizing energy generation, contributing to land conservation and natural habitat preservation [2]. - The completion date for the floating solar farm is expected by June 30, 2025 [3]. Group 2: Company Role and Commitment - Founder Group will act as a sub-contractor, responsible for supplying labor, hand tools, materials, and necessary machinery and equipment for the project [3]. - The CEO of Founder Group expressed pride in being selected as a key subcontractor and emphasized the company's commitment to supporting Malaysia's renewable energy goals and promoting sustainability [4]. Group 3: Company Overview - Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia, focusing on large-scale solar projects and commercial and industrial solar projects [5]. - The company's mission includes providing innovative solar installation services, promoting eco-friendly resources, and achieving carbon neutrality [5].

Core Viewpoint - Founder Group Limited (FGL) has announced a partnership with VC AI Limited to enhance the development of artificial intelligence solutions for the solar energy sector, particularly focusing on Unmanned Aerial Vehicles (UAVs) for solar panel maintenance and operations [1] Company Overview - Founder Group Limited specializes in Engineering, Procurement, Construction, and Commissioning (EPCC) services for solar energy projects [1] - VC AI Limited focuses on providing AI solutions, including hardware and software for large language models (LLMs) [1] Market Insights - The global market for UAVs in solar energy maintenance is projected to grow significantly, with estimates reaching $180 billion by 2024, up from $50 billion in 2023, and expected to hit $800 billion by 2030 [1] - The compound annual growth rate (CAGR) for the UAV market from 2024 to 2032 is forecasted at 16.5% [1] - The market for solar energy operations and maintenance (O&M) is expected to reach $16.4 billion by 2034, with a CAGR of 10.1% from 2024 to 2034 [1]

Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, focusing on large-scale solar projects and commercial and industrial solar projects [5] Strategic Partnership - Founder Group has formed a strategic partnership with VC AI Limited to co-develop advanced AI-powered Unmanned Aerial Vehicles (UAV) for solar farm inspections, aimed at ensuring optimal performance of solar farms [1][4] Technology Integration - The UAVs will utilize VC.AI's proprietary generative AI software and advanced deep learning algorithms, enabling autonomous identification of anomalies and defects in solar panels, thus enhancing inspection efficiency compared to traditional methods [2] Market Trends - The global artificial intelligence market exceeded US$180 billion in 2024, with a projected growth to over US$800 billion by 2030, while the drone-based solar inspection services market is expected to reach US$3.8 billion by 2032, growing at a CAGR of 16.5% from 2024 to 2032 [3] Operational Efficiency - By deploying AI-powered UAVs on its own solar farms and those of its clients, the company aims to improve operational efficiency and optimize solar operations and maintenance processes [2][4] Future Opportunities - The partnership is expected to unlock new revenue streams and enhance solar farm management through the integration of UAV technology [4]

Core Viewpoint - Founder Group Limited has announced a significant investment in renewable energy projects in Malaysia, focusing on solar energy and related infrastructure development, with a projected revenue growth of 23.5% CAGR by 2026 [1]. Group 1: Company Overview - Founder Group Limited is engaged in the renewable energy sector, specifically in solar energy projects in Malaysia [1]. - The company has secured a contract worth approximately 2.9926 billion Malaysian Ringgit (around 680 million USD) for the construction of solar power plants [1]. - The company is collaborating with Hexatoff Group Sdn. Bhd. for the Engineering, Procurement, and Construction (EPC) of these projects [1]. Group 2: Project Details - The solar power projects will include the establishment of 100 megawatt (MW) solar plants, contributing to Malaysia's National Energy Transition Roadmap (NETR) [1]. - The expected revenue from these solar projects is projected to reach approximately 3.5 billion Malaysian Ringgit (around 15 million USD) by 2026 [1]. - The projects are part of a broader initiative to enhance Malaysia's renewable energy capacity and align with national energy goals [1]. Group 3: Market Context - The Malaysian Investment Development Authority (MIDA) supports the National Energy Transition Roadmap, which aims to scale up renewable energy sources [1]. - The renewable energy sector in Malaysia is expected to grow significantly, driven by government initiatives and increasing investment in sustainable energy solutions [1].

Company Overview - Founder Group Limited has been awarded a conditional Letter of Award (LOA) valued at approximately US$68 million (around RM299,260,000) for the development of a 100-megawatt solar farm in Tanjung Malim, Malaysia [1] - The company will serve as the Engineering, Procurement, and Construction (EPC) partner for this project, which will provide 100MW of export capacity to power an advanced AI data center in Enstek City, Malaysia [1] - Founder Group focuses on large-scale solar projects and commercial and industrial solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [4] Industry Insights - Malaysia's solar EPCC services industry is projected to reach approximately US$350 million (about RM1.5 billion) by 2026, with a compound annual growth rate (CAGR) of 23.5% [3] - The growth in the industry is driven by Malaysia's commitment to renewable energy, highlighted by the National Energy Transition Roadmap (NETR) launched in August 2023, which aims to enhance renewable energy capacity [3] - The roadmap emphasizes solar installations, renewable energy zones, and utility-scale storage systems, creating significant opportunities for EPCC firms as Malaysia accelerates its renewable energy development [3]

Core Insights - Founder Group Limited has entered into a partnership with VES Joint Stock Company to develop solar energy projects in Vietnam, focusing on the construction and engineering of solar power plants [1] - The collaboration aims to enhance the capacity of VES1, with plans to reach 50 MWp by 2025 and 58 MWp by 2026, contributing to Vietnam's renewable energy goals [1] - The solar energy market in Vietnam is projected to grow significantly, with an estimated CAGR of 16% from 2023 to 2030, reaching a market size of $124 billion [1] Company Overview - Founder Group Limited specializes in solar energy solutions, particularly in the engineering, procurement, construction, and commissioning (EPCC) of solar power projects [1] - VES Joint Stock Company is a key player in the Vietnamese solar energy sector, focusing on the development and management of solar power projects [1] Market Trends - The Vietnamese solar energy market is expected to see substantial growth, with projections indicating a capacity increase to 33.47 TWh by 2032, reflecting a CAGR of 3.1% from 2024 to 2032 [1] - The government of Vietnam aims to achieve 15-20% of its energy from renewable sources by 2030, with a long-term goal of 80-85% by 2050 [1]

Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia [1][5] - The company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [5] Acquisition Details - Founder Group plans to acquire approximately 80% of VES 1 Joint Stock Company (VES1), a subsidiary of VES Joint Stock Company, which specializes in solar and wind power solutions in Vietnam [2] - VES1 is involved in several solar energy projects, including solar rooftop projects with a combined capacity of 5.6MWp, and has secured rights for future expansions totaling 50MWp and 58MWp installations with energy storage [2] Market Potential - Vietnam's strategic energy development plan aims for a renewable energy share of 15-20% in the overall primary energy mix by 2030, with a long-term goal of 80-85% by 2050 [3] - The solar energy systems market in Vietnam is projected to generate US$12.4 billion in revenue by 2030, with a compound annual growth rate (CAGR) of 16% from 2023 to 2030 [3] Strategic Importance - The acquisition enhances Founder Group's position in the renewable energy sector and provides exclusive access to key opportunities in rooftop solar and energy storage projects in Vietnam for the next three years [2][4] - The collaboration is expected to contribute significantly to Vietnam's strategic energy development plan and advance sustainable energy solutions [4][8]

Core Insights - Founder Group Limited is focusing on expanding its Corporate Green Power Programme (CGPP) with a projected compound annual growth rate (CAGR) of 23.5% by 2026 [1] - The company is actively involved in the ASEAN Energy Database System, aiming for a 20% increase in green energy initiatives by 2025, compared to just 2% in 2018 [1] Group 1 - Founder Group Limited is engaged in the energy sector, specifically in green technology financing schemes, indicating a commitment to sustainable energy solutions [1] - The company has launched the SolaRIS initiative, which is part of its efforts to enhance its renewable energy portfolio [1] - The projected growth in the Corporate Green Power Programme highlights the company's strategic focus on renewable energy and sustainability [1] Group 2 - The company is leveraging its expertise in energy project management and engineering, procurement, and construction (EPCC) to drive its green energy initiatives [1] - Founder Group Limited's efforts align with regional goals for energy sustainability and environmental responsibility within the ASEAN region [1] - The emphasis on green technology financing reflects a broader industry trend towards sustainable investment practices [1]

Company Overview - Founder Group Limited is a pure-play, end-to-end engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia [1][4] - The company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [4] Recent Developments - Founder Group has received several Letters of Award (LOAs) for multiple large-scale solar projects, with a combined contract value of approximately US$5.5 million (about RM22.5 million) [1][2] - Under the LOAs, Founder Energy will provide full EPCC services, including the supply and installation of DC and AC electrical systems, Instrumentation & Control (I&C) systems, and civil works [2] Industry Insights - Malaysia's solar EPCC services industry is projected to reach approximately US$350 million (about RM1.5 billion) by 2026, with a compound annual growth rate (CAGR) of 23.5% [3] - The growth is driven by Malaysia's commitment to renewable energy, aiming for a 20% renewable energy mix by 2025, up from just 2% in 2018 [3] - Initiatives such as the Green Technology Financing Scheme and the Solar for Rakyat Incentive Scheme (SolaRIS) are expected to further accelerate the adoption of solar energy in the residential sector [3]