Founder Group Limited (NASDAQ:FGL) ("Founder Group" or the "Company"), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, today announced its strong positioning, which is strategically aligned to capitalize on the significant growth opportunities within Malaysia's burgeoning renewable energy sector. The total EPCC contract value expected to surge up to RM17.4 billion [USD4.1 billion], a 40% increase, ensuring sustained sector activity until the end of 2028. The EPCC contractors within renewable energy sector are identified as the potential "biggest winners" due to solar panel prices expected to bottom in 2025, which poses cost risks for asset owners and benefits EPCC players.

Founder Group Limited is strategically aligned to benefit from these market dynamics as a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia, with a primary focus on large-scale solar projects and commercial and industrial (C&I) solar projects. The Company recently signed a Memorandum of Understanding (MOU) with GCL Systems Integration Technology Co. Ltd. to collaborate on renewable energy projects valued at up to USD $220 million across Malaysia and other ASEAN countries. The Company is also actively exploring AI powered solutions with its business partners to streamline its project management, engineering and design, and operation and maintenance division.

This outlook is underscored by recent market analyses published by Kenanga Investment Bank Berhad, highlighting the booming solar EPCC market, driven by key initiatives such as LSS Petra, LSS Petra 5+, the Corporate Renewable Energy Supply Scheme (CRESS), and the rapidly expanding rooftop solar segment.

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