Founder Group Partners with GCL for Major Renewable Energy Projects
Exciting Collaboration in Renewable Energy
Kuala Lumpur, Malaysia – Founder Group Limited (NASDAQ: FGL), a pioneering engineering, procurement, construction, and commissioning (EPCC) solution provider for solar photovoltaic systems, has recently entered into a memorandum of understanding (MOU) with GCL Systems Integration Technology Co., Ltd. This partnership aims to explore renewable energy projects valued at up to USD $220 million across ASEAN nations, marking a significant step in enhancing their joint capabilities in the energy sector.
Introducing GCL Systems Integration
GCL Systems, listed on the Shenzhen Stock Exchange, has built a reputation as a leading provider of smart photovoltaic and storage solutions since its inception in 2003. Renowned for its innovation and quality, GCL focuses on supplying high-efficiency cells, photovoltaic modules, and energy storage systems, complemented by effective operational maintenance services. The collaboration promises to leverage GCL's vast technological expertise to achieve common goals in the renewable energy market.
Collaboration Framework
Through the new agreement, both Founder Group and GCL will pursue various paths to facilitate their collaborative efforts. This may include sharing critical information, suggesting actionable strategies, and reviewing the effectiveness of their initiatives on a regular basis. By pooling their technical knowledge and experience, both companies are poised to make significant strides in identifying and executing viable renewable energy projects.
Execution and Future Steps
As part of the collaboration, both parties will undertake essential actions to professionally manage and execute project procurement processes. If any projects are realized from this partnership, a detailed agreement will be structured, stipulating mutual commitments, resource sharing, and more. The execution of this MOU signifies the commitment of both companies to optimize internal resources for sourcing potential projects while analyzing the tender and preparing business plans and proposals.
CEO's Insights
Lee Seng Chi, Chief Executive Officer of Founder Group Limited, expressed pride in announcing this partnership, highlighting the beneficial impact of GCL’s strong global standing and expertise in solar PV manufacturing. He emphasized that their collaboration is essential to advancing renewable energy infrastructure in Malaysia and its surroundings, ultimately aiming for a greener future. Additionally, he noted that establishing sustainable projects could lead to notable revenue growth and increased shareholder value.
About Founder Group Limited
Founder Group Limited specializes in providing comprehensive end-to-end EPCC solutions for solar photovoltaic facilities, with a focus on large-scale solar and commercial and industrial solar projects. Their commitment is centered around delivering innovative solar installation services, advocating for eco-friendly resources, and achieving carbon neutrality in all operations.
About GCL Systems Integration Technology Co., Ltd.
GCL Systems’ mission is to be at the forefront of comprehensive energy system integration. Driven by the principles of technological advancement and sustainability, GCL is dedicated to providing high-quality clean energy services to customers worldwide, closely aligning with the new strategic directions introduced in their 14th Five-Year Plan.
CONTACT INFORMATION
For media inquiries, please contact:
Founder Group Limited
Email: info@founderenergy.com.my
Investor Relations Inquiries:
Contact: Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com
Frequently Asked Questions
What is the significance of the MOU between Founder Group and GCL?
The MOU signifies a strategic collaboration aimed at exploring renewable energy projects valued at up to $220 million across ASEAN regions.
Who is GCL Systems Integration Technology Co., Ltd.?
GCL is a leading company specializing in comprehensive energy solutions, known for its technological innovation in solar photovoltaic systems and storage solutions.
What are the main focus areas of Founder Group Limited?
Founder Group focuses primarily on large-scale solar and commercial solar projects, aiming to provide innovative solar installation services for eco-friendly energy solutions.
How will the partnership affect renewable energy in Malaysia?
This collaboration is expected to enhance Malaysia's renewable energy infrastructure and capabilities, further promoting sustainable practices in the region.
What is the goal of the partnership?
The ultimate goal is to leverage combined expertise to execute significant renewable energy projects that align with environmental sustainability and shareholder growth.
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