Founder Group to Develop 310 MWp Solar Project with 620 MWh BESS in Malaysia
Founder Group has signed a Heads of Agreement with Planet QEOS to jointly develop a 310 MWp solar project with 620 MWh BESS in Sarawak, Malaysia, with an estimated investment of about USD 276 million.
October 03, 2025. By Mrinmoy Dey
The FGL-led consortium is also committing to the development of a 200 MW Tier-4 Green Data Centre Park (SDCP) on 350 acres in Baram, the company said in a statement.
It further added that the project represents Malaysia’s first ‘firm’ solar power plant, designed to provide continuous, dispatchable renewable electricity comparable to conventional gas and hydropower sources.
Lee Seng Chi, Chief Executive Officer of Founder Group, stated, “This collaboration demonstrates FGL’s commitment to investing in large-scale infrastructure focused on sustainable returns and profound economic impact. By pairing 310 MWp of firm solar power with a massive 620 MWh battery energy storage system, we are not only addressing clean energy demand but are also facilitating the development of a major RM 1 billion-plus Green Data Centre Park, positioning Sarawak at the forefront of Asean’s green digital transition.”
FGL’s consortium contributes significant technical expertise to ensure financial viability, and all parties will work together to obtain regulatory approvals, achieve financial close, and execute definitive agreements, including the Power Purchase Agreement (PPA), it said.
The development of green digital infrastructure is expected to generate over RM 1 billion in foreign direct investment (FDI) and is designed to leverage the new solar power for truly sustainable operations.
Through these initiatives, the project directly supports the regional vision for Sarawak to be positioned as the ‘Battery of Asean’ and a major exporter of clean electrons, contributing to the state’s ambitious target of achieving 10 GW generation capacity by 2030. The Baram Special Energy Zone (SEZ) aims to drive long-term industrial growth and rural development.
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