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Founder Group secures LOA worth $4.5M for floating solar farm project

Founder Group secures LOA worth $4.5M for floating solar farm project

Founder Group (FGL) 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 technology, is designed to generate 9.99MWac/15.033625MWp of solar power. The project is expected to significantly contribute to land conservation, preserve natural habitats, and reinforce Founder Group’s mission of delivering innovative, eco-friendly energy solutions. It further underscores the Company’s commitment to advancing carbon neutrality.

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