Founder Group Limited announced the execution of a Heads of Agreement with Planet QEOS Sdn. Bhd. for the joint development of a pioneering, large-scale renewable energy facility in Sarawak, Malaysia with estimated value of up to RM1.16 billion [USD276 million]. This initiative forms a critical component of the wider Baram DeepTech Energy Programme.
The facility is slated to be among the largest clean energy developments in the region, encompassing a 310 MWp ground-mounted solar photovoltaic (PV) power plant and a massive 620 MWh Battery Energy Storage System (BESS). The FGL-led consortium is also committing to development of a 200 MW Tier-4 Green Data Centre Park (SDCP) on 350 acres in Baram.
This project represents Malaysia’s first “firm” solar power plant, designed to provide continuous, dispatchable renewable electricity comparable to conventional gas and hydropower sources. This landmark capability marks a critical step forward in Malaysia’s clean energy ambitions. 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).
FGL’s activities include areas outside of power generation, positioning the Company as a key enabler of Sarawak’s digital economy goals. The FGL-led consortium, together with its data centre partner, is also planning the development of a 200 MW Tier-4 Green Data Centre Park (SDCP) on 350 acres in Baram.
The development of green digital infrastructure is expected to generate over RM1 billion in foreign direct investment (FDI) and is designed to leverage the new solar power for truly sustainable operations. This initiative aims to support sustained digital economy growth in the region.
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.
Lee Seng Chi, Chief Executive Officer of Founder Group Limited, 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.”
