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Founder Group Ltd. ( (FGL) ) has issued an announcement.
On September 26, 2025, Founder Group Limited announced a Heads of Agreement with PLANET QEOS SDN. BHD. to jointly develop a large-scale renewable energy facility in Sarawak, Malaysia, valued at approximately RM1.16 billion (USD276 million). This project, part of the Baram DeepTech Energy Programme, includes a 310 MWp solar power plant and a 620 MWh battery energy storage system, marking a significant advancement in Malaysia’s clean energy sector. The initiative is expected to drive economic and digital transformation in Sarawak, supporting the region’s goal to become a major exporter of clean energy and contributing to its target of achieving 10 GW generation capacity by 2030.
More about Founder Group Ltd.
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. The company aims to offer innovative solar installation services, promote eco-friendly resources, and achieve carbon neutrality.
Average Trading Volume: 2,968,796
Technical Sentiment Signal: Strong Sell
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