Founder Group (FGL) announce that it has secured a Letter of Award, LOA, worth RM20 million, approximately US$4.5 million, for the construction of a floating solar farm in Kuala Langat, Selangor, Malaysia. Spanning approximately 24 acres, this project, utilizing floating photovoltaic technology, is designed to generate 9.99MWac/15.033625MWp of solar power. The project is expected to significantly contribute to land conservation, preserve natural habitats, and reinforce Founder Group’s mission of delivering innovative, eco-friendly energy solutions. It further underscores the Company’s commitment to advancing carbon neutrality.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FGL:
- Founder Group partners with VC AI to co-develop UAV for solar farm inspections
- Founder Group secures conditional LOA worth $68M for 100MW solar farm
- Founder Group expands Southeast Asia presence with proposed acquisition
- Opening Day: Invizyne Technologies jumps after IPO
- Founder Group secures multiple contracts worth $5.5M