Founder Group Eyes RM13–15 Billion Malaysian Solar Tender for Multi-Year Growth — Founder Group Limited

Event summary

Founder Group's subsidiary, Founder Energy, is bidding for projects under Malaysia's LSS6 solar programme, valued at RM13–15 billion (US$3.2–3.7 billion).
LSS6 is Malaysia's largest utility-scale solar tender, mandating hybrid solar-BESS development with a commercial operation deadline of December 31, 2029.
Founder Energy has delivered over 1GWp of DC solar capacity across 70 projects, with a combined contract value of RM520 million (US$128.6 million).
The company leverages AI-driven O&M technologies for long-term asset lifecycle management, aiming to capture recurring revenue beyond construction.

The big picture

Malaysia's LSS6 programme represents a significant shift towards utility-scale solar with integrated battery storage, aligning with global trends in renewable energy adoption. Founder Group's strategic positioning in this tender highlights the growing importance of full-suite EPCC providers in large-scale infrastructure projects. The programme's multi-year timeline and substantial investment scale underscore the country's commitment to energy transition and carbon neutrality.

What we're watching

Tender Success Rate: How Founder Energy's track record in securing EPCC and sub-EPCC awards will translate into winning LSS6 packages.
Order Book Growth: The pace at which Founder Group can replenish its order book with new contracts through 2029.
Recurring Revenue: Whether the company's AI-driven O&M capabilities will sustain long-term asset management revenue streams.