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].
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