Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited, secured a RM6.05 million (US$1.5 million) subcontract for a 29.99MWac solar facility in Malaysia. This engagement under the Corporate Green Power Programme represents a new revenue stream and expands the company's footprint in the renewable energy sector.
Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited (FGL), has been awarded a subcontract valued at RM6.05 million (approximately US$1.5 million) for a 29.99MWac solar photovoltaic facility in Malaysia. This engagement is under Malaysia's Corporate Green Power Programme (CGPP), which aims to boost renewable energy adoption and corporate decarbonization. For FGL, this represents a new revenue stream and strengthens its position in the growing Malaysian renewable energy market. While the contract value is relatively small for a public company, it signifies successful project acquisition and potential for future growth in the green energy sector, offering a long-term positive outlook for FGL's diversification strategy.