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]
Founder Group Secures Multiple Contracts Worth Approximately US$5.5 Million