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 focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon-neutrality [7] Recent Contract Announcement - The company has secured a contract worth RM11.6 million (approximately US$2.6 million) with a prominent solar installation company in Malaysia [1][2] - Founder Group will be responsible for the design, engineering, procurement, supply, delivery, construction, and commissioning of a rooftop solar PV generating facility [3] Project Details - The construction contract is expected to be completed in 2 years, followed by an Operations and Maintenance agreement that will provide benefits over the next 15 to 21 years [4] - The project is anticipated to be profitable with a double-digit profit margin [4] Industry Context - The Malaysian government has increased its renewable energy targets to achieve 40% (23GW) capacity 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 the government initiating a new wave of large-scale solar (LSS) projects [6] - The total value of EPCC contracts in the market has risen to RM12.4 billion, up from RM7.4 billion, indicating sustained sector activity through the end of 2027 [6]
Founder Group Secures Contract Valued at US$2.6 Million to Build a Roof-Top Solar Generating Facility in Malaysia