Founder Group Limited Announces Landmark RM1.16 billion [USD276 million] 310 MWp Solar-Plus-Storage Project in Sarawak, Anchoring Regional Green Data Centre

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[{"type":"image","alt":"Founder Group Limited","displaySize":"","headline":null,"caption":"Founder Group Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":62,"url":"https://media.zenfs.com/en/globenewswire.com/24c06783828d4113edc9280ec7f1ef34"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/O.rYfIYwzVbwcLTLhMN8JA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg3O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/24c06783828d4113edc9280ec7f1ef34","width":300,"height":62}},"lazy":false},{"type":"text","content":"KUALA LUMPUR, Malaysia, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“FGL” or “the Company”) today announced the execution of a Heads of Agreement with Planet QEOS Sdn. Bhd. for the joint development of a pioneering, large-scale renewable energy facility in Sarawak, Malaysia with estimated value of up to RM1.16 billion [USD276 million]. This initiative forms a critical component of the wider Baram DeepTech Energy Programme.","length":454,"tagName":"p"},{"type":"text","content":"Unprecedented Capacity and Development Value","length":44,"tagName":"p"},{"type":"text","content":"The facility is slated to be among the largest clean energy developments in the region, encompassing a 310 MWp ground-mounted solar photovoltaic (PV) power plant and a massive 620 MWh Battery Energy Storage System (BESS). The FGL-led consortium is also committing to development of a 200 MW Tier-4 Green Data Centre Park (SDCP) on 350 acres in Baram.","length":350,"tagName":"p"},{"type":"text","content":"This project represents Malaysia’s first “firm” solar power plant, designed to provide continuous, dispatchable renewable electricity comparable to conventional gas and hydropower sources. This landmark capability marks a critical step forward in Malaysia’s clean energy ambitions. FGL’s consortium contributes significant technical expertise to ensure financial viability, and all parties will work together to obtain regulatory approvals, achieve financial close, and execute definitive agreements, including the Power Purchase Agreement (PPA).","length":546,"tagName":"p"},{"type":"text","content":"Driving Economic and Digital Transformation","length":43,"tagName":"p"},{"type":"text","content":"FGL’s activities include areas outside of power generation, positioning the Company as a key enabler of Sarawak’s digital e...

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