Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic (PV) systems in Malaysia [1] - 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 Developments - Founder Group has secured a RM19.5 million (approximately US$5 million) EPC contract for a 5.5MW solar facility, awarded by a prominent solar investment company under Malaysia's Large Scale Solar 5 (LSS5) programme [1] - The project is expected to deliver a guaranteed Maximum Annual Available Capacity (MAAQ) of 13,568.8 megawatt-hours (MWh) during its first two years of operation, with commercial operation scheduled to begin by May 1, 2027 [5] Industry Context - The LSS5 programme represents Malaysia's largest solar tender to date, with a total generation quota of 2,000 megawatts (MW), more than doubling the capacity offered in previous iterations [2] - Since its inception in 2016, the LSS programme has approved approximately 121 projects, representing a combined capacity of 6,228 MW and an estimated investment value exceeding RM21 billion [4] - The rollout of LSS PETRA and LSS PETRA 5+ is part of Malaysia's strategy to accelerate renewable energy deployment, supporting the nation's target of achieving Net Zero emissions by 2050 [3] Market Sentiment - The contract win aligns with positive market sentiment regarding Malaysia's renewable energy landscape, with analysts maintaining an "overweight" stance on the sector due to consistent policy execution and strong momentum in the solar segment [6]

Core Viewpoint - Pardee Resources Company is making a significant investment in renewable energy by acquiring a 90% equity interest in four partnerships to install solar photovoltaic systems in Virginia schools, totaling an investment of $15.2 million [1]. Investment Details - The investment will be partially financed through commercial bank loans amounting to $8.3 million at the partnership level [1]. - The solar photovoltaic systems will have a total capacity of 4.6 MW and are scheduled for installation and service commencement in Q4 2025 [1]. Strategic Partnership - Pardee Resources Company is partnering with Secure Solar Futures, a Virginia-based solar developer, to execute this renewable energy project [1]. - The investment qualifies for federal investment tax credits, which will be utilized by the company [1].