Corporate Green Power Programme (CGPP)
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Founder Group Limited Secures US$4 million 25.4MW Utility-Scale Solar Contract under Malaysia’s CGPP Programme
Globenewswire· 2026-03-09 12:30
Core Insights - Founder Group Limited has been awarded an EPCC contract worth approximately RM16 million (US$4.14 million) for a 25.40MW large-scale solar project in Malaysia [1][3] - The project is part of Malaysia's Corporate Green Power Programme (CGPP), aimed at accelerating corporate decarbonization through Virtual Power Purchase Agreements and new utility-scale solar capacity [2] - The solar project is expected to generate around 53,000 MWh of clean energy annually, offsetting approximately 35,000 tonnes of carbon dioxide emissions and contributing about 53,000 Renewable Energy Certificates to the market [3] Company Positioning - This contract strengthens Founder Group's position in Malaysia's utility-scale solar segment and enhances visibility into recurring, multi-year revenue opportunities [4] - The company is pursuing additional large-scale solar programs and regional solar tenders, viewing this contract as a significant milestone that reinforces its competitiveness [5] - The CEO emphasized the company's role in Malaysia's energy transition and its strong execution track record under the CGPP framework, indicating expectations for future project wins [6] 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 [7]