Founder Group Limited (NASDAQ: FGL) announced that its subsidiary, Founder Energy Sdn. Bhd., is actively tendering for projects under Malaysia's Large-Scale Solar 6 (LSS6) programme, according to a press release issued Sept. 2, 2026.

Malaysia's Ministry of Energy Transition and Water Transformation launched LSS6 in July 2026, offering 2,500 megawatts of solar capacity paired with 1,250 megawatts of battery energy storage system capacity, plus an additional 150 megawatts reserved for Bumiputera companies in Peninsular Malaysia. The programme is expected to attract between RM13 billion and RM15 billion (approximately $3.2 billion to $3.7 billion) in private investment, with full commercial operation targeted by Dec. 31, 2029. LSS6 is the first round in Malaysia's LSS programme to require hybrid solar and battery storage development.

Founder Energy provides engineering, procurement, construction, and commissioning (EPCC) services. The company states it has been involved in over 70 solar EPCC and sub-EPCC projects across Peninsular Malaysia since its inception, spanning multiple government solar programmes. Its completed and ongoing projects represent a combined total of over 1 gigawatt-peak of DC solar capacity, with an aggregate contract value of approximately RM520 million ($128.6 million).

The company also offers operations and maintenance services using what it describes as proprietary AI-driven technology, which it says could generate recurring revenue beyond the construction phase.

"LSS6 is the largest solar tender Malaysia has ever launched, and it plays directly to our strengths as a full-capability EPCC provider," said Lee Seng Chi, chief executive officer of Founder Group. "Between these four years until LSS6 commissioned at the end of 2029, we are going to see us replenish our order book with new contracts and grow the business substantially."