Growth potential in the renewable energy segment is huge, as the government is committed to increase the share of renewable energy in the national installed capacity mix to 31% by 2025, which is 18,000 MW compared to the existing 8,700 MW, and 40% by 2035.

We are the largest solar installation company by project size in Malaysia and have a solid track record. Founder Energy Sdn Bhd, a subsidiary of the Group, previously operating as Solar Bina Engineering Sdn. Bhd. since 2015, with the team having more than 10 years of industry experience.

We are also a major supplier of solar PV mounting structural system that is designed in-house, and the sole supplier and implementor of ground mounted tracking system in Malaysia.

Our ability to invest in, and implement solar PV projects end-to-end promotes business synergy, cost efficiency and strengthens our credibility as a solar installer.

As part as our efforts in integrating environmental, social, and corporate governance (ESG) considerations into our clients’ and our own businesses, we continued to pursue growth in our renewable energy segment by forming joint ventures with strategic partners.

The Group’s subsidiary, Reservoir Link Renewable, formed a joint venture, RL Sunseap Energy, with Sunseap Energy (Malaysia) with a 51% stake. Sunseap is part of EDP Renewables, one of the world’s largest renewable energy producers.

Through this collaboration, we will co-develop, build, own and operate rooftop and ground mounted solar PV projects in Malaysia.

To make renewable energy a vaiable option among our industrial customers, we ventured into iron flow long-duration energy storage solutions. The Group formed a joint venture, RL ADS Power Sdn. Bhd., with ADS Asset Holdings Sdn. Bhd. to develop this segment in Malaysia, Singapore and Indonesia.