KUALA LUMPUR, Malaysia, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic (PV) systems in Malaysia, is pleased to announce that it has secured a contract with prominent solar installation companies in Malaysia.
The Company secured RM10 million (approximately US$2,358,490) contract for an engineering, procurement, construction, and commissioning of a 30-megawatt large-scale solar (LSS) photovoltaic plant. The Founder Group will be responsible for the civil and structural works, infrastructural works, installation, commissioning and testing and interconnection facility of the facility.
This project awarded is anticipated to contribute nearly 60,000 Renewable Energy Certificates (RECs) to the market. These RECs will help corporate consumers meet their sustainability objectives and reduce their carbon footprints. Upon completion, the solar farm is expected to generate approximately 60,000 MWh of clean energy annually, which is equivalent to offsetting around 40,000 tonnes of CO2 emissions.
This partnership with prominent industry players will be a construction contract that is expected to be completed by the end of 2025. Founder Group has secured contracts with this solar installation company for similar types of facilities over the past few years.
“We are honored to be awarded this project, a recognition that underscores Founder Group’s longstanding reputation and consistent performance in delivering high-quality solutions. This milestone demonstrates industry trust and our commitment to excellence and sustainable growth. We look forward to deepening our engagement with key partners who share our vision of supporting Malaysia’s renewable energy ambitions and contributing to a greener, more sustainable future,” said Lee Seng Chi, Chief Executive Officer of Founder Group Limited.
About Founder Group Limited
Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.