Founder Group Limited has announced a significant collaboration with Planet QEOS Sdn Bhd to develop a large-scale renewable energy facility in Sarawak, Malaysia. The project, valued at $276m (RM1.16b), will feature a 310 MWp solar photovoltaic power plant and a 620 MWh battery energy storage system. This initiative is part of the Baram DeepTech Energy Programme, aiming to bolster Malaysia’s clean energy capabilities.
The facility is set to be one of the largest clean energy developments in the region. It will provide continuous, dispatchable renewable electricity, rivalling conventional gas and hydropower sources. Additionally, the project includes the development of a 200 MW Tier-4 Green Data Centre Park on 350 acres in Baram, expected to attract over $239m (RM1b) in foreign direct investment.
Lee Seng Chi, CEO of Founder Group Limited, emphasised the project’s significance, stating, “This collaboration demonstrates FGL’s commitment to investing in large-scale infrastructure focused on sustainable returns and profound economic impact.”
The initiative supports Sarawak’s vision to become the “Battery of ASEAN” and aims to contribute to the state’s target of achieving 10 GW generation capacity by 2030. The Baram Special Energy Zone is expected to drive long-term industrial growth and rural development.
Founder Group Limited, a provider of end-to-end EPCC solutions for solar PV facilities in Malaysia, focuses on large-scale solar projects and commercial and industrial solar projects. The company aims to promote eco-friendly resources and achieve carbon neutrality.
