Founder Group Secures $8.6M Solar Contract Under Malaysia’s LSS5 Program
Event summary
- Founder Group Limited secured a $8.6M (RM34M) EPC contract for a 9.5 MW solar facility under Malaysia’s LSS5 program.
- The contract is part of Founder Group’s total $17.7M (RM70M) in LSS5 awards to date.
- The solar facility is scheduled for commercial operation by May 1, 2027.
- Malaysia’s LSS5 program aims to achieve 70% renewable energy capacity and carbon neutrality by 2050.
The big picture
Founder Group’s latest contract underscores the accelerating trust in its technical capability within Malaysia’s utility-scale solar market. The deal aligns with Malaysia’s ambitious renewable energy targets, reinforcing the nation’s long-term commitment to clean energy transition. With solar projected to account for over half of Malaysia’s power capacity mix by 2050, the contract positions Founder Group to capitalize on the multi-year growth trajectory for solar players.
What we're watching
- Regulatory Tailwinds
- How Malaysia’s potential LSS6 launch and BESS requirements will impact solar players’ growth trajectories.
- Market Expansion
- Whether Founder Group can leverage LSS5 momentum to secure additional contracts under LSS6 and CRESS.
- Execution Risk
- The pace at which Founder Group can deliver on its LSS5 contracts and meet the May 2027 deadline.
Related topics