Company Description

Our mission is to provide customers innovative solar installation services, promote eco-friendly resources and achieve carbon-neutrality. We are a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. Our primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. Large-scale solar projects are utility scale solar PV power plants with installed generating capacity of 1 MWac or more. Large-scale solar projects are ground mounted and are designed to supply power to the power grid. For the majority of our large-scale solar projects, we usually act as the contractor to the project awarder, who is the main contractor for a solar project. As an EPCC provider, we assume most of the responsibility for the entire project lifecycle, from design and engineering to material procurement, construction, installation, integration, and commissioning. After the acceptance of our projects by our clients, we provide performance warranty during the defect liability period, which is typically 24 months. Our goal is to ensure seamless project execution, adhering to the highest industry standards and delivering optimal performance and reliability. For the fiscal years ended December 31, 2023 and 2022, our revenue generated from large-scale solar projects was RM131,988,573 (US$28,746,286) and RM51,761,466, respectively, accounting for approximately 89% and 82% of our total revenue for the respective years. C&I projects are smaller scale solar projects where the solar PV systems are installed on rooftops and are designed to generate electricity for commercial and industrial properties for their own consumption, such as factories, warehouses and commercial stores. For C&I projects, we usually sign a service contract with the project owner and act as the main contractor. As the main contractor, we engage in comprehensive services encompassing project design, engineering, equipment procurement, construction, and commissioning. The C&I projects also come with a 24 months defect liability period and we provide performance warranty during this period. We ensure that our C&I projects are customized to meet the unique energy needs of each customer, providing them with efficient and sustainable solar solutions. For the fiscal years ended December 31, 2023 and 2022, our revenue generated from C&I projects was RM16,065,400 (US$3,498,944) and RM11,748,000, respectively, accounting for approximately 11% and 18% of our total revenue for the respective years. Additionally, we offer operation and maintenance (“O&M”) services to our clients to ensure that the power plant and the solar PV system operate safely and continuously at its optimum capacity and historically have derived little revenue from these services. Our revenue growth reflects our commitment to delivering high-quality projects and meeting the evolving needs of our customers. In the fiscal years ended December 31, 2023, and 2022, our revenue reached RM148,053,973 (US$32,245,230) and RM63,509,466, respectively, resulting in a growth rate of 133%. In the same fiscal years, our net income was RM7,147,068 (US$1,556,586) and RM3,943,506, respectively, resulting in a growth rate of 81%. This growth can be attributed to our unwavering focus on customer satisfaction, industry expertise, and ability to adapt to the changing solar energy landscape. --- Our principal executive office is located at No.17, Jalan Astana 1B, Bandar Bukit Raja, 41050 Klang, Selangor Darul Ehsan, Malaysia, and our phone number is +603-3359 6009. Our registered office in the British Virgin Islands is located at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. We maintain a corporate website at https://www.founderenergy.com.my. Our agent for service of process in the United States is Cogency Global Inc.