Founder Group secures aquaculture solar contracts

Founder Group Limited, through its subsidiary Founder Group Limited — Founder Energy Sdn Bhd, has secured two turn-key EPCC contracts to build rooftop solar systems for shrimp farming operations in Malaysia. The first contract, announced on August 10, 2026, is for a 1.4 MW-peak system for an integrated shrimp farm in Bandar Permaisuri, Malaysia — Terengganu, valued at approximately RM4.7 million (US$1.15 million). The second contract, announced on August 12, 2026, is for a 1.78 MW-peak system for a shrimp farm and processing plant in Ayer Hitam, Malaysia — Kedah, valued at approximately RM5.58 million (US$1.37 million). These contracts mark Founder Group's entry into the aquaculture sector and expand its renewable energy portfolio. The projects align with Malaysia's National Energy Transition Roadmap (NETR), which targets 70% renewable energy capacity by 2050, and are supported by initiatives such as the Corporate Renewable Energy Supply Scheme (CRESS) and Solar ATAP. Founder Group will also provide AI-driven operations and maintenance services, and will coordinate with Tenaga Nasional for grid connection. CEO Lee Seng Chi highlighted the importance of energy cost efficiency in aquaculture and the repeatability of the company's solar technology in this sector.