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]
Founder Group Secures Contract Valued at US$2.6 Million to Build a Roof-Top Solar Generating Facility in Malaysia