Founder Group Limited Unveils Major RM1.16 Billion [USD276 Million] 310 MWp Solar-Plus-Storage Initiative in Sarawak, Supporting Regional Green Data Center Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2025
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Should l Buy FGL?
Source: Newsfilter
Joint Development Agreement: Founder Group Limited has signed a Heads of Agreement with Planet QEOS Sdn. Bhd. to develop a large-scale renewable energy facility in Sarawak, Malaysia, valued at up to RM1.16 billion (USD 276 million), which includes a 310 MWp solar power plant and a 620 MWh Battery Energy Storage System.
Economic and Digital Growth: The project aims to support Sarawak's digital economy by establishing a 200 MW Tier-4 Green Data Centre Park, expected to generate over RM1 billion in foreign direct investment and contribute to the region's goal of becoming a major exporter of clean energy by achieving a 10 GW generation capacity by 2030.
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Analyst Views on FGL
About FGL
Founder Group Limited is principally engaged in providing engineering, procurement, construction and commissioning (EPCC) solutions provider for solar PV facilities in Malaysia. The Company’s segments include Large-scale solar projects and Commercial & Industrial (C&I) projects. Large-scale solar projects are utility scale solar photovoltaic (PV) power plants with installed generating capacity of one megawatt alternating current or more. Large-scale solar projects are ground mounted and are designed to supply power to the power grid. C&I projects are smaller scale solar projects where the solar PV systems are installed on rooftops and are designed to generate electricity for commercial and industrial properties for their own consumption, such as factories, warehouses and commercial stores. The Company offers engineering and design, from initial conceptualization up to detailed system design. This includes designing the solar PV array and balance of system.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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