Malaysia Renewable Energy Acceleration

Malaysia’s renewable energy (RE) sector is undergoing rapid structural growth, driven by national policy initiatives under the National Energy Transition Roadmap (NETR), which targets 70% RE capacity by 2050. Driven by new market mechanisms: including the Corporate Renewable Energy Supply Scheme (CRESS), the launch of Solar ATAP (Solar Accelerated Transition Action Programme), and upcoming Large-Scale Solar (LSS6) frameworks where expected investment ranging RM13 billion to RM15 billion (USD 3.2 billion to USD3.7 billion).

With national utility tariffs adjusting under Regulatory Period 4 (RP4) and fluctuating Automatic Fuel Adjustments (AFA), energy-intensive businesses are increasingly seeking distributed solar solutions to insulate their bottom line from power cost volatility.

Expanding Footprint in Malaysia's Aquaculture Sector

Securing this contract also marking our second major clean energy project tailored for the agricultural sector, following its first shrimp farm project in Terengganu, and its first to combine an integrated shrimp farm with a processing plant. This facility is engineered to deliver a 25-year operational design life, supplying clean energy directly to its agricultural operations while supporting Malaysia’s broader commercial decarbonization targets.

According to the Department of Fisheries Malaysia, domestic aquaculture produced over 500,000 metric tons valued at approximately US$1 billion in 2023. Under the National Agro-Food Policy 2.0, the government aims to expand aquaculture output to 40% of total fisheries production by 2030, driving significant power requirements across coastal and rural farming facilities.

The adoption of solar energy in commercial aquaculture is rapidly expanding across Southeast Asia. In farming operations, electricity and fuel represent the second-largest controllable expense after feed. Recent regional studies in Brunei and Taiwan demonstrate that rooftop solar can lower aquaculture power costs by as much as 72%, while government-backed solar initiatives in Indonesia achieved up to 50% grid-electricity savings by powering continuous 24/7 pond aeration equipment.

Expanding Service Capabilities: Full-Suite EPCC & AI-Powered O&M

Under the contract, Founder Energy's scope is to manage the complete EPCC, including structural integrity assessments, plus coordination with national utility Tenaga Nasional Berhad, TNB to connect the system to the grid, and to comply with the FM Global standard.

Beyond the turnkey EPCC execution, Founder Group in general also provides long-term asset lifecycle management. The Company integrate the Company’s proprietary AI-driven Operations & Maintenance (O&M) technologies. Featuring automated diagnostics, predictive maintenance algorithms, and drone-assisted visual and thermal inspections. Founder Group’s O&M platform autonomously identifies anomalies and detects module defects without human intervention. This ensures uninterrupted system uptime, minimizes performance degradation, and guarantees energy output for high-stakes, 24/7 commercial operations.