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Founder Group Limited and Planet QEOS Sdn. Bhd. Partner for RM1.16 billion Solar-Plus-Storage Project in Sarawak.

Sep 26, 20259 months ago

Contract Type

partnership

SelangorEnergyRenewable EnergySolarRenewables & Environment

Description

Founder Group Limited has entered into a Heads of Agreement with Planet QEOS Sdn. Bhd. for the development of an innovative renewable energy facility in Sarawak. This joint initiative is valued at up to RM1.16 billion and aims to establish a large-scale solar photovoltaic power plant along with a Battery Energy Storage System.

Company Information

Company

Founder Group Limited

Location

Selangor, Malaysia

About

VES 1 Joint Stock Company is a subsidiary of VES Joint Stock Company, specializing in solar energy projects in Vietnam. VES 1 focuses on developing solar energy projects across the country and is actively involved in several solar rooftop projects, with a combined capacity of 5.6MWp. VES1 also has plans for significant expansion of solar projects with energy storage, aligning with Vietnam's strategic energy development plan.

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Strategic

ML-powered predictions for Founder Group Limited's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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