Pampanga–Solar energy producer RASLAG Corp. announced a cash dividend payout of P75 million, consistent with last year’s distribution and exceeding the 50 percent cap set by the company’s dividend policy.
Shareholders of record as of Oct. 31, 2024, will receive P0.05 per share, with payments scheduled for November 25.
RASLAG has also approved the conversion of existing unissued common shares into preferred shares.
This will help fund ongoing expansion projects, including a plant in Sta. Rosa set to add 140 megawatt peak (MWP), along with two other plants in the pipeline that are expected to contribute 45 MWP and 58 MWP.
“We’ve been advocating for renewable energy since 2013, reinforcing our mission to light the future with renewables,” said Raslag president and chief executive Robert Nepomuceno. “As we advance solar and renewable energy in the Philippines, our continued expansion plans will further strengthen our commitment to this industry and support local communities.”
RASLAG recently completed its fourth solar project in San Pablo, Magalang, Pampanga, the company’s largest facility to date with a 36.646-MWP capacity. With the completion of RASLAG-4, Raslag’s total installed capacity will reach 77.844 megawatts
The upcoming solar plant in Sta. Rosa, Nueva Ecija, is set to be developed by 2026.
“We are excited to lead solar energy development in the Philippines with our upcoming expansion plans,” added Nepomuceno. “These initiatives will drive innovation and reinforce our commitment to sustainable growth in the region.”
The company is working towards increasing its renewable energy capacity to at least 1,000 megawatts by 2035.
