{
  "id": 2827372,
  "title": "Raslag hunts for new renewable power bets",
  "url": "https://urgent.news/2026/08/23/raslag-hunts-for-new-renewable-power-bets",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-23T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/08/24/2551287/raslag-hunts-new-renewable-power-bets"
  },
  "original_language": "en",
  "account": "Manila, Philippines — Raslag Corp. continues to seek new renewable energy investments as it advances into its next growth phase, aiming for a larger role in green power auctions. The company's president and CEO, Robert Nepomuceno, revealed that Raslag is exploring innovative technologies like solar on stilts for potential inclusion in future government clean energy auctions. These auctions aim to stimulate investments in renewable energy, with the government striving to boost the share of renewables in the power mix to 35% by 2030 and 50% by 2040 from the present 25%.\n\nCurrently, Raslag's focus remains predominantly on solar power, with four ground-mounted facilities totaling over 77 MW across Pampanga. In a strategic move earlier this year, Raslag expanded into wind energy by acquiring a 16-MW wind project in Mindoro, paired with a 6-MW-hour battery storage system. However, the company is cautious about offshore wind investments due to the extended payback period and high costs associated with such ventures. Robert Nepomuceno stated that offshore wind is not a focus for Raslag at this time.\n\nRaslag has allocated up to P3 billion for capital spending this year, with a significant portion directed towards developing its largest project to date, Raslag Liwayway. This project, a planned 140-MW solar facility coupled with a 100-MWh battery storage, is expected to be completed by 2028. Currently in the development phase, Raslag Liwayway is still undergoing the land conversion process and obtaining necessary permits from the Department of Energy. To expedite the project, Raslag has engaged Greencity Energy Philippines Inc. as the owner's engineer, providing technical expertise across various stages of development, including design review, procurement, construction, testing, and commissioning. Over the next decade, Raslag aims to more than triple its current installed capacity of 77 MW, targeting at least 1,000 MW of renewable energy generation.",
  "summary": "Nepomuceno-led Raslag Corp. stays on the hunt for new renewable energy investments as it enters its next expansion phase and targets a bigger role in green power biddings.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}