Founder Group Lands $5M EPC Deal for 5.5MW Solar Plant in Malaysia’s LSS5 Programme
Event summary
- Founder Group Limited secured a $5M (RM19.5M) EPC contract for a 5.5MW solar facility under Malaysia’s LSS5 PETRA programme.
- The project is expected to deliver 13,568.8 MWh annually and achieve commercial operation by May 1, 2027.
- LSS5 PETRA is Malaysia’s largest solar tender to date, with a total generation quota of 2,000MW.
- Founder Group will oversee design, construction, testing, and commissioning of the solar facility.
The big picture
The contract win underscores the accelerating momentum of Malaysia’s renewable energy sector, with LSS5 PETRA representing the largest solar tender to date. This aligns with Malaysia’s broader strategy to achieve Net Zero emissions by 2050 under the Malaysia MADANI framework and the National Energy Transition Roadmap (NETR). The project is part of a growing trend of large-scale solar investments in the region, driven by consistent policy execution and increasing quota allocations.
What we're watching
- Execution Risk
- Whether Founder Group can deliver the project on time and meet the guaranteed Maximum Annual Available Capacity (MAAQ) of 13,568.8 MWh.
- Market Dynamics
- The pace at which Malaysia’s renewable energy sector grows under the LSS5 programme and the broader National Energy Transition Roadmap (NETR).
- Regulatory Headwinds
- How Malaysia’s commitment to achieving Net Zero emissions by 2050 will impact future solar projects and investments.
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