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].
Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia