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Founder Group Limited Announces Additional US$8.6 Million Contract Under Malaysia’s Large Scale Solar Programme
Globenewswire· 2026-03-25 12:30
Group 1 - Founder Group Limited has secured an EPC contract valued at RM34 million (approximately US$8.6 million) under Malaysia's Large Scale Solar 5 (LSS5) programme, bringing the total contract value under this programme to RM70 million (approximately US$17.7 million) [1][2] - The new contract involves the design, construction, testing, and commissioning of a 9.5 MW solar facility, which is expected to achieve commercial operation by May 1, 2027 [2] - LSS5 is part of the Malaysian government's initiative to reach a target of 70 percent renewable energy installed capacity and carbon neutrality by 2050, marking a significant step towards solar energy adoption in the country [3] Group 2 - MBSB Investment Bank Bhd indicates that Malaysia may soon launch LSS6, potentially adding another 2GW of solar capacity, which could support a multi-year growth trajectory for solar players [4] - The CEO of Founder Group, Lee Seng Chi, emphasized that the new LSS5 contract reflects growing trust in the company's technical capabilities and reinforces its momentum in Malaysia's utility-scale solar market [5] - The company aims to leverage this milestone to secure additional contracts under LSS6 and other renewable energy initiatives, establishing a foundation for sustained recurring revenue generation [6]
Ameresco and City of Chandler Launch Energy Initiative to Cut Municipal Utility Costs by Over $1 Million Annually
Businesswire· 2025-11-14 13:05
Core Insights - Ameresco, Inc. has initiated a significant solar project in Chandler aimed at enhancing energy security and reducing utility costs while promoting sustainability [1] Company Overview - Ameresco, Inc. is recognized as a leading provider of energy infrastructure solutions [1] Project Details - The solar project will implement solar photovoltaic (PV) systems across 22 municipal facilities [1] - This initiative is designed to create a municipal blueprint for resilient and cost-efficient energy solutions [1] - The total portfolio of the project is 7 [1]
WITH THE SOLARHK ACQUISITION COMPLETE, WANG & LEE GROUP WILL DRIVE HONG KONG'S RENEWABLE ENERGY FUTURE
Newsfilter· 2025-04-01 14:54
Core Insights - WANG & LEE GROUP, Inc. has successfully closed its acquisition of Solar (HK) Limited, marking a significant step in enhancing Hong Kong's renewable energy transition through integrated solar and energy storage solutions [1][2] Group 1: Acquisition Details - The acquisition of SolarHK, initially announced on March 3, 2025, strengthens WLGS's position as a comprehensive provider of sustainable energy systems [1][2] - SolarHK's expertise in solar photovoltaic technology will be combined with WLGS's advanced lithium-ion battery technology to deliver end-to-end renewable energy solutions [2][3] Group 2: Technological Synergy - SolarHK operates over 50 locations in Hong Kong, providing WLGS with immediate access to a robust client base and localized expertise [3] - The integration of SolarHK's solar infrastructure with WLGS's battery storage systems will enable energy storage and reduce reliance on traditional power grids [3] Group 3: Leadership Perspectives - WLGS's CEO emphasized that the acquisition is a milestone in building a cleaner energy ecosystem, aiming to drive Hong Kong's decarbonization goals [4] - The founder of SolarHK highlighted the acquisition as an opportunity to scale their impact and accelerate the adoption of solar energy and smart technologies [5] Group 4: Future Initiatives - WLGS plans to expand SolarHK's service offerings, including next-generation energy storage systems and smart grid solutions, aligning with Hong Kong's 2050 Carbon Neutrality Strategy [5][6] - The company will also launch community outreach programs to educate on renewable energy benefits and government sustainability incentives [6]
WITH THE SOLARHK ACQUISITION COMPLETE, WANG & LEE GROUP WILL DRIVE HONG KONG'S RENEWABLE ENERGY FUTURE
Globenewswire· 2025-04-01 14:54
Core Insights - WANG & LEE GROUP, Inc. has successfully closed its acquisition of Solar (HK) Limited, marking a significant step in enhancing Hong Kong's renewable energy transition [1][2] - The acquisition combines SolarHK's solar photovoltaic expertise with WLGS's lithium-ion battery technology to provide comprehensive renewable energy solutions [2][3] Group 1: Acquisition Details - The acquisition was initially announced on March 3, 2025, and has now been finalized [1] - SolarHK's extensive project portfolio includes installations at notable sites such as Tsing Yi Shipyard and Quon Hing Concrete Manufacturer, which will now integrate with WLGS's energy storage innovations [2] Group 2: Technological Synergy - SolarHK operates over 50 locations in Hong Kong, providing WLGS with immediate access to a robust client base and localized expertise [3] - The integration of SolarHK's solar infrastructure with WLGS's battery storage systems will enable energy storage and reduce reliance on traditional power grids [3] Group 3: Leadership Perspectives - WLGS's CEO emphasized that the acquisition is a milestone in building a cleaner energy ecosystem, aiming to reduce costs and lower emissions [4] - The founder of SolarHK expressed excitement about the new resources and technological advantages gained through the acquisition, which will enhance the adoption of solar energy [5] Group 4: Future Initiatives - WLGS plans to expand SolarHK's service offerings, including next-generation energy storage systems and smart grid solutions, aligning with Hong Kong's 2050 Carbon Neutrality Strategy [5][6] - The company will also launch community outreach programs to educate on renewable energy benefits and government sustainability incentives [6]