Founder Group Limited announced on September 2, 2026 that its Malaysian subsidiary Founder Energy is tendering for projects under Malaysia’s Large-Scale Solar 6 programme, the country’s largest utility-scale solar tender to date. The company positioned the multi-year tender as a growth opportunity extending through the programme’s 2029 commercial operation target, building on its existing track record of more than 70 solar EPCC projects across Peninsular Malaysia.
Key Facts At A Glance
- LSS6 was launched by Malaysia’s Ministry of Energy Transition and Water Transformation in July 2026
- The programme offers 2,500 megawatts of solar capacity paired with 1,250 megawatts of battery energy storage capacity
- An additional 150 megawatts is reserved for Bumiputera companies in Peninsular Malaysia
- LSS6 is the first Large-Scale Solar round to mandate hybrid solar-battery storage development
- The programme is expected to attract between RM13 billion and RM15 billion in private investment
- Projects are targeted for full commercial operation by December 31, 2029
- Founder Energy has completed or is executing more than 70 solar EPCC and sub-EPCC projects in Malaysia since 2016, representing over 1 gigawatt-peak of DC solar capacity and roughly RM520 million in aggregate contract value
Founder Group Limited, a Nasdaq-listed engineering, procurement, construction and commissioning provider for solar photovoltaic facilities in Malaysia, said its subsidiary Founder Energy Sdn. Bhd. is actively tendering for projects under LSS6. Chief executive officer Lee Seng Chi said LSS6 is the largest solar tender Malaysia has launched and plays to the company’s strengths as a full-capability EPCC provider.
The Ministry of Energy Transition and Water Transformation, known as PETRA, launched LSS6 in July 2026 with a total quota of 2,500 megawatts of solar capacity paired with 1,250 megawatts of battery energy storage capacity. A further 150 megawatts is set aside for Bumiputera companies operating in Peninsular Malaysia. PETRA has said the programme could draw between RM13 billion and RM15 billion in private investment, with projects commissioned in phases ahead of a December 31, 2029 target for full commercial operation.
Lee said the company’s existing collaborations with Malaysian and international solar firms positioned to win LSS6 packages would directly benefit Founder Energy through contract awards over the next four years. The company said its EPCC capability is matched to the tender’s scale and phased build-out, and that it expects its order book to grow progressively as tender awards and construction packages are formalized between now and the 2029 commissioning target.
Founder Energy’s participation follows a series of smaller Malaysian solar contract wins in recent weeks, including a RM6.05 million subcontract in August for a 29.99 megawatt-AC facility in Kedah under the Corporate Green Power Programme, a separate national mechanism allowing corporates to procure renewable energy directly from large-scale solar developers. Since its inception, Founder Energy has worked across most phases of Malaysia’s Large-Scale Solar programme dating to 2016, along with the Corporate Green Power Programme, independent power producer and self-consumption schemes, floating solar, and commercial and industrial rooftop installations.
LSS6 marks a shift in Malaysia’s solar procurement approach by requiring battery storage integration for the first time, a change officials have said is intended to support grid stability as renewable generation expands under the National Energy Transition Roadmap.