Founder Group Limited announces that it has secured a conditional Letter of Award (LOA) worth approximately USD 68 million (equivalent to around RM 299,260,000) for the development of a 100-megawatt solar farm in Tanjung Malim, Malaysia.
Founder Group Powers AI Data Center with 900-Acre Solar Farm
Founder Group will serve as the Engineering, Procurement and Construction (EPC) partner for this groundbreaking initiative, a 900-acre solar farm that will provide 100MW of export capacity to power an advanced AI data center in Enstek City, Malaysia.
Hexatoff Group — the main collaborator in this project — is a turnkey solutions provider specializing in infrastructure and building construction. The company is registered with the Ministry of Finance Malaysia and holds the highest-grade construction license (G7) in the country. This partnership is set to enhance Malaysia’s role as a leading hub for AI and digital infrastructure in Southeast Asia, thereby supporting the nation’s goals in advanced technology and sustainable development.
Malaysia's Solar EPCC Industry to Hit US$350M by 2026
Malaysia's solar EPCC services industry is expected to grow to approximately US$350 million (around RM1.5 billion) with a compound annual growth rate (CAGR) of 23.5% by 2026, highlighting the nation’s strong dedication to renewable energy. This commitment is reinforced by the launch of the National Energy Transition Roadmap (NETR) in August 2023, aimed at boosting renewable energy capacity.
Key focus areas of the roadmap as outlined by the Malaysian Investment Development Authority (MIDA) include solar installations, renewable energy zones and utility-scale storage systems. These initiatives are increasingly aligned with corporate sustainability goals in sectors like data centers and semiconductors, thereby creating significant growth opportunities for EPCC firms as Malaysia advances its renewable energy agenda.
Lee Seng Chi, Chief Executive Officer of Founder Group Limited, said: "Today marks a significant milestone for Founder Group as we are awarded the conditional Letter of Award for the development of a 100-megawatt solar farm in Tanjung Malim, Malaysia. This project not only reinforces our commitment towards renewable energy initiatives in Malaysia but also aligns with the country’s National Energy Transition Roadmap, which aims to scale up renewable energy capacity. Our collaboration with Hexatoff Group, a recognized leader in infrastructure solutions, underscores our dedication to driving innovation and sustainability in the energy sector while contributing to Malaysia’s aspirations as a hub for advanced AI and digital infrastructure,”
Partnerships' Commitment to Sustainable Development
Founder Group Limited is a dedicated EPCC solutions provider specializing in solar PV facilities in Malaysia. The company focuses on two core segments: large-scale solar projects and commercial and industrial (C&I) solar installations. Its mission is to deliver innovative solar solutions, advance eco-friendly resources and support the transition to carbon neutrality.
Hexatoff Group brings together over 20 years of collective industry experience and cutting-edge construction techniques to ensure excellence and reliability in every project. Its notable portfolio includes Aster Residence, Salak South Residential Development and Twinz Condominium, with a combined contract value exceeding RM200 million. Hexatoff Group is committed to innovation, sustainability and quality, thereby continuing to shape Malaysia’s urban and industrial development and build a trusted legacy of excellence.