Listed renewable energy firm Raslag Corp. secured land areas in Nueva Ecija for its planned solar power project.
In a disclosure to the Philippine Stock Exchange yesterday, the company said it purchased lots with an aggregate area of 1,009,662 square meters in Sta. Rosa, Nueva Ecija, for P807.73 million plus taxes and miscellaneous expenses.
Last year, Raslag announced a potential tie-up with a Hong Kong-based firm but did not provide further details.
In 2023, the company also sought at least P1.45 billion worth of loan from the Bank of the Philippine Islands to fund the construction and development of solar power projects in Pampanga.
Based on the company’s website, Raslag currently has a capacity of 41.198 megawatts (MW) across its commercially operating plants, and 36.646 MW under construction from projects with a total proposed capacity of 103 MW.
