DealsAug 12, 2026, 08:31 AM
Founder Group subsidiary secures RM5.58M solar contract
AI Summary
Founder Group Limited's subsidiary, Founder Energy Sdn Bhd, has secured a turn-key EPCC contract valued at approximately RM5.58 million ($1.37 million). The contract is to build a 1.78 MW-peak rooftop solar system for a shrimp farming and processing plant in Ayer Hitam, Kedah, Malaysia. This project marks the company's second major clean energy initiative in the agricultural sector and its first combining a shrimp farm with a processing plant, aligning with Malaysia's renewable energy goals and expanding Founder Group's footprint in the region.
Key Highlights
- Founder Energy secured an EPCC contract valued at RM5.58 million ($1.37 million).
- The contract is for a 1.78 MW-peak rooftop solar system for a shrimp farming and processing plant.
- This is Founder Group's second major clean energy project in the agricultural sector.
- The project is located in Ayer Hitam, Kedah, Malaysia.
- Malaysia targets 70% renewable energy capacity by 2050.
- Domestic aquaculture produced over $1 billion in 2023.
- Rooftop solar can lower aquaculture power costs by up to 72%.
- Founder Group provides AI-driven Operations & Maintenance technologies.
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