Founder Group Secures 100-MW Solar Farm Project

• Founder Group Ltd lands $68M solar farm project in Malaysia, powering AI innovation while spotlighting its leap into renewable energy as a newly public firm!

Founder Group Ltd has been selected as the engineering, procurement, and construction (EPC) contractor for a 100-MW solar farm in Tanjung Malim, Malaysia, in partnership with local firm Hexatoff Group Sdn Bhd. The project, valued at approximately $68 million, aims to supply power to an advanced AI data center in Enstek City.

The solar facility will cover 900 acres and is part of Founder Group's focus on large-scale and commercial solar projects. The Klang-based company recently went public in New York in October, further enhancing its profile in the renewable energy sector.

How will Founder Group's new solar farm impact Malaysia's renewable energy landscape?

• Expansion of Renewable Energy Capacity: The 100-MW solar farm will contribute significantly to Malaysia's renewable energy goals, supporting the aim to increase the share of renewables in the national energy mix and reduce reliance on fossil fuels.
• Increased Investment in Solar Energy: With an investment of approximately $68 million, this project signals growing confidence in solar energy as a viable and profitable sector, attracting both domestic and foreign investors.
• Job Creation: The construction and operation of the solar farm are expected to create numerous employment opportunities, from engineering and construction roles to operational and maintenance positions once the facility is operational.
• Promotion of Technological Innovation: By collaborating with Hexatoff Group Sdn Bhd, the project may foster local expertise in renewable energy technologies, promoting research and development within the Malaysian solar industry.
• Sustainability Goals: The solar farm will play a crucial role in Malaysia's commitment to sustainability and climate change mitigation by contributing to reductions in carbon emissions from the energy sector.
• Support for AI Infrastructure: By providing power to an advanced AI data center in Enstek City, the solar farm will enable the growth of the tech sector in Malaysia, aligning renewable energy generation with the needs of emerging industries.
• Boosting Grid Stability: The addition of a large-scale solar facility can enhance grid stability and resilience, allowing for better management of peak energy demands and integrating more renewable sources into the energy system.
• Increasing Awareness and Adoption: This project can serve as a model for future renewable energy initiatives in Malaysia and beyond, showcasing the potential of large-scale solar installations in the region and raising awareness about the benefits of transitioning to cleaner energy sources.
• Complementing National Policies: The solar farm aligns with Malaysia's national policies and renewable energy plans, helping the country meet its international commitments under agreements like the Paris Accord.
• Rural Development Opportunities: Situated in Tanjung Malim, the solar farm could spur local economic development by improving infrastructure and increasing the availability of clean energy in rural areas.
• Long-Term Sustainability Initiatives: As part of a broader trend, this project represents an ongoing shift within Malaysia towards embracing sustainable practices across various sectors, potentially influencing public and private sector policies on sustainability and energy efficiency.