Sino-Malaysian group Founder Group Limited has signed a letter of intent with Planet QEOS Sdn. Bhd. to develop a hybrid energy complex in the Malaysian state of Sarawak. The MYR1.16bn ($2.76bn) project will include a 310 megawatt-peak (MWp) ground-mounted solar power plant and a 620 megawatt-hour (MWh) battery energy storage system.
A project unprecedented in size and technology
This is Malaysia’s first “stable output” solar power plant, designed to deliver continuous and dispatchable power, similar to gas or hydroelectric plants. It is a core element of the Baram DeepTech Energy Programme, a public initiative for energy development in Sarawak’s interior.
The planned storage capacity aims to mitigate solar intermittency, allowing the site to support a constant energy load. The infrastructure will cover 350 acres and also integrate a 200-megawatt Tier-4 data centre park, coordinated by the same industry consortium led by FGL.
Ripple effect on digital investments
The complex is intended to strengthen Sarawak’s position in the regional digital sector, with over MYR1bn in expected foreign direct investment for the related facilities. Locating the data centre park on-site is aimed at leveraging locally generated renewable energy to power energy-intensive operations.
The project aligns with Sarawak’s long-term energy strategy to increase its generation capacity to 10 gigawatts by 2030. The state is also promoting the creation of a Special Energy Zone (SEZ) in the Baram region to drive industrial growth and economic transformation in rural areas.
Strategic positioning in Southeast Asia
According to the release, the partners plan to finalise the regulatory and commercial stages of the project in the coming months, including the signing of a Power Purchase Agreement (PPA). The consortium relies on combined technical expertise to secure the project’s financial framework and ensure its phased implementation.
Founder Group Limited, listed on NASDAQ, sees this project as a strategic opportunity to strengthen its presence in critical infrastructure across the Asia-Pacific region. Active in multiple energy and information technology segments, the company is enhancing its positioning at the intersection of power generation and the digital economy.
