{"id":798465,"date":"2025-01-07T08:37:56","date_gmt":"2025-01-07T13:37:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\/"},"modified":"2025-01-07T08:37:56","modified_gmt":"2025-01-07T13:37:56","slug":"founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\/","title":{"rendered":"Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">KUALA LUMPUR, Malaysia, Jan.  07, 2025  (GLOBE NEWSWIRE) &#8212; Founder Group Limited (NASDAQ: FGL) (\u201cFounder Group\u201d or the \u201cCompany\u201d), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is pleased to announce that it has secured a Letter of Award (LOA) worth RM20 million (approximately US$4.5 million) for the construction of a floating solar farm in Kuala Langat, Selangor, Malaysia.<\/p>\n<p align=\"justify\">Spanning approximately 24 acres, this project, utilizing floating photovoltaic (FPV) technology, is designed to generate 9.99MWac\/15.033625MWp of solar power. This cutting-edge FPV technology, which involves solar panels mounted on floating platforms in bodies of water, helps reduce land usage while maximizing energy generation. The project is expected to significantly contribute to land conservation, preserve natural habitats, and reinforce Founder Group\u2019s mission of delivering innovative, eco-friendly energy solutions. It further underscores the Company\u2019s commitment to advancing carbon neutrality.<\/p>\n<p align=\"justify\">Founder Group will serve as a sub-contractor, responsible for supplying labor, hand tools, materials, and necessary machinery and equipment to support the execution of General Conditions Preliminaries &amp; Consultation. The floating solar farm is expected to be completed by June 30, 2025.<\/p>\n<p align=\"justify\">\u201cWe are proud to be selected as a key subcontractor for this innovative floating solar farm project. We look forward to continuing our collaboration on this and future projects, as we work together to support Malaysia\u2019s renewable energy goals and promote a greener, more sustainable future and contribute to the further growth of Founder Group,\u201d said Lee Seng Chi, Chief Executive Officer of Founder Group Limited.<\/p>\n<p align=\"justify\">About Founder Group Limited<\/p>\n<p align=\"justify\">Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company\u2019s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&amp;I) solar projects. The company\u2019s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon-neutrality.<\/p>\n<p align=\"justify\">For more information on the Company, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=x2t-NALRnlSXHkq6CntSECyNYij9CJ_KiX8_XGDqaSXP0xmHcxw7KT6roYTk8M1HbpiQMp0WT5WhYQEPnVWtTb-Me_Lm6zcB8MafECcTyuWThGMOJW8iKFttvGA7NvCN\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.founderenergy.com.my\/<\/a>.<\/p>\n<p align=\"justify\">Safe Harbor Statement<\/p>\n<p align=\"justify\">This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under \u201cRisk Factors\u201d in the Company\u2019s filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cis\/are likely to,\u201d \u201cpotential,\u201d \u201ccontinue\u201d or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.<\/p>\n<p align=\"justify\">CONTACT INFORMATION:<\/p>\n<p align=\"justify\">For media queries, please contact:<\/p>\n<p align=\"justify\">Founder Group Limited <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=c5EHwHy5nSnI9JC1nJRRa12yRV4NSqnNUdctWZOw7LR1SmX_Y-G3BXqsYydTIdkTmUY4axeCo78gC2zz6jY60WMF1WK7Bh-ocR0Hmxyi3b4xT2HJ9aGkXd3h_Ky24QkK\" rel=\"nofollow\" target=\"_blank\">info@founderenergy.com.my<\/a><\/p>\n<p align=\"justify\">Investor Relations Inquiries:<\/p>\n<p align=\"justify\">Skyline Corporate Communications Group, LLC<br \/>Scott Powell, President<br \/>1177 Avenue of the Americas, 5th Floor<br \/>New York, New York 10036<br \/>Office: (646) 893-5835<br \/>Email: info@skylineccg.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNzY2NyM2NjgxOTYzIzIyOTY0NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjEyZGJhZmEtYjBhNy00NTU3LTljZWEtMmZkMWQ5M2Y4NTQxLTEzMDc5OTA=\/tiny\/Founder-Group-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Malaysia, Jan. 07, 2025 (GLOBE NEWSWIRE) &#8212; Founder Group Limited (NASDAQ: FGL) (\u201cFounder Group\u201d or the \u201cCompany\u201d), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is pleased to announce that it has secured a Letter of Award (LOA) worth RM20 million (approximately US$4.5 million) for the construction of a floating solar farm in Kuala Langat, Selangor, Malaysia. Spanning approximately 24 acres, this project, utilizing floating photovoltaic (FPV) technology, is designed to generate 9.99MWac\/15.033625MWp of solar power. This cutting-edge FPV technology, which involves solar panels mounted on floating platforms in bodies of water, helps reduce land usage while maximizing energy generation. The project is expected to significantly contribute to land conservation, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-798465","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KUALA LUMPUR, Malaysia, Jan. 07, 2025 (GLOBE NEWSWIRE) &#8212; Founder Group Limited (NASDAQ: FGL) (\u201cFounder Group\u201d or the \u201cCompany\u201d), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is pleased to announce that it has secured a Letter of Award (LOA) worth RM20 million (approximately US$4.5 million) for the construction of a floating solar farm in Kuala Langat, Selangor, Malaysia. Spanning approximately 24 acres, this project, utilizing floating photovoltaic (FPV) technology, is designed to generate 9.99MWac\/15.033625MWp of solar power. This cutting-edge FPV technology, which involves solar panels mounted on floating platforms in bodies of water, helps reduce land usage while maximizing energy generation. The project is expected to significantly contribute to land conservation, &hellip; Continue reading &quot;Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-07T13:37:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNzY2NyM2NjgxOTYzIzIyOTY0NDA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia\",\"datePublished\":\"2025-01-07T13:37:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\\\/\"},\"wordCount\":577,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyNzY2NyM2NjgxOTYzIzIyOTY0NDA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/founder-group-secures-letter-of-award-valued-at-us4-5-million-for-floating-solar-farm-project-in-malaysia\\\/\",\"name\":\"Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia - 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Spanning approximately 24 acres, this project, utilizing floating photovoltaic (FPV) technology, is designed to generate 9.99MWac\/15.033625MWp of solar power. This cutting-edge FPV technology, which involves solar panels mounted on floating platforms in bodies of water, helps reduce land usage while maximizing energy generation. 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