Founder Group Limited to Significantly Benefit From up to RM17.4 billion [USD4.1 billion] Solar EPCC Contract Value Expected to Ignite Green Energy, Data Center Expansion and National AI Ambitions in Malaysia

Core Insights - Founder Group Limited is well-positioned to capitalize on the growth opportunities in Malaysia's renewable energy sector, particularly in solar photovoltaic systems, with an expected EPCC contract value increase to RM17.4 billion (USD 4.1 billion), representing a 40% rise [1] - The company has signed a Memorandum of Understanding (MOU) with GCL Systems Integration Technology Co. Ltd. for renewable energy projects valued at up to USD 220 million across Malaysia and other ASEAN countries [2] - The growth of the renewable energy market is supported by initiatives such as LSS Petra, LSS Petra 5+, and the Corporate Renewable Energy Supply Scheme (CRESS), which are crucial for enhancing Malaysia's data center and AI infrastructure [3][4] Company Positioning - Founder Group Limited focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to provide innovative solar installation services and promote eco-friendly resources [2][8] - The company is exploring AI-powered solutions to enhance project management, engineering, design, and operation and maintenance [2] - CEO Lee Seng Chi emphasized the company's commitment to advancing Malaysia's renewable energy goals and enhancing shareholder value through innovative services [5] Market Opportunities - The anticipated completion of LSS Petra 5 and LSS Petra 5+ contracts, valued at up to RM12 billion for 6GW installed capacity, offers significant project development opportunities [7] - The resurgence of the CRESS program, following a tariff hike for data centers, is expected to generate an additional RM5 billion in EPCC works driven by 2GW of firm output demand [7] - The integration of AI capabilities in Malaysia's companies highlights a national commitment to leveraging technology, supported by sustainable and economical power from renewable energy sources [4]