Founder Group Targets Malaysia’s Largest Solar Tender Under LSS6 Programme

Founder Group Limited has announced that its subsidiary, Founder Energy Sdn. Bhd., is actively tendering for projects under Malaysia’s Large-Scale Solar 6 (LSS6) programme, the country’s largest utility-scale solar tender to date.

The company said the LSS6 programme could provide a multi-year growth opportunity, with potential to progressively strengthen its order book from the current tendering phase through the programme’s targeted commercial operation date of December 31, 2029.

LSS6 Opens 2.5 GW Solar and 1.25 GW BESS Opportunity

Malaysia’s Ministry of Energy Transition and Water Transformation (PETRA) launched the LSS6 programme in July 2026, offering a total quota of 2,500 MW of solar capacity alongside 1,250 MW of battery energy storage system (BESS) capacity.

An additional 150 MW of solar capacity has been reserved for Bumiputera companies in Peninsular Malaysia.

According to PETRA, the programme is expected to attract between RM13 billion and RM15 billion (approximately US$3.2 billion to US$3.7 billion) in private investment. Projects will be commissioned in phases, with the programme targeting full commercial operation by December 31, 2029.

LSS6 also marks a significant shift from earlier Large-Scale Solar rounds, becoming the first Malaysian LSS programme to mandate the integration of solar generation with BESS.

The combination of solar and storage creates a large engineering, procurement, construction and commissioning (EPCC) market, which Founder Energy is seeking to address through its current tendering activities.

Founder Energy Brings More Than 1 GWp of Solar Experience

Founder Energy has participated in more than 70 solar EPCC and sub-EPCC projects across Peninsular Malaysia since its establishment.

Its project experience covers several segments of Malaysia’s renewable energy market, including previous phases of the government’s LSS programme, the Corporate Green Power Programme (CGPP), independent power producer (IPP) projects, Self-Consumption (SELCO) schemes, floating solar projects, and commercial and industrial (C&I) rooftop installations.

Across its completed and ongoing projects, Founder Energy has worked on facilities representing a combined DC solar capacity of more than 1 GWp, with an aggregate contract value of approximately RM520 million (US$128.6 million).

The company said its ability to secure both direct EPCC contracts and sub-EPCC packages alongside established industry participants represents a key competitive advantage as it pursues opportunities under LSS6.

AI-Powered O&M Adds Long-Term Revenue Potential

Beyond construction and project delivery, Founder Group is also targeting opportunities in the long-term operation and maintenance of renewable energy assets.

The company integrates proprietary AI-driven Operations & Maintenance (O&M) technologies into its asset lifecycle management services.

Founder Group expects the storage requirements under LSS6, combined with the programme’s 2029 commercial operation target, to create opportunities extending beyond the initial construction phase.

The company believes its O&M capabilities could enable it to secure recurring, long-duration revenue from asset management, complementing project-based EPCC contracts with longer-term service income.

Founder Group Expects Order Book to Expand Through 2029

Founder Group CEO Lee Seng Chi said the scale of LSS6 aligns closely with the company’s EPCC capabilities and existing relationships within Malaysia’s solar industry.

“LSS6 is the largest solar tender Malaysia has ever launched, and it plays directly to our strengths as a full-capability EPCC provider,” Lee Seng Chi said.

He added that Founder Energy is already active in the market and has existing collaborations with Malaysian and international solar companies seeking to secure LSS6 packages.

According to the CEO, these relationships could provide the company with opportunities to participate in project awards over the next four years.

Founder Group expects the tendering and award process to progressively replenish its order book, while construction activity associated with projects targeted for completion by the end of 2029 could support substantial business growth.

The company is therefore positioning LSS6 not only as an immediate tendering opportunity but also as a potential source of multi-year EPCC contracts and recurring O&M revenues as Malaysia expands its utility-scale solar and energy storage infrastructure.