Norsk Hydro Expands Stake In Ascent Solar

Posted by SI Staff on October 08, 2008 No Comments
Categories : FYI

Norsk Hydro ASA, through its subsidiary Norsk Hydro Produksjon AS, has exercised an option to purchase additional shares of Ascent Solar Technologies Inc., which specializes in thin-film photovoltaic modules.

Ascent Solar expects the transaction to close this week. Upon acquiring these additional shares, Hydro will hold approximately 35% of the total outstanding common shares and also approximately 35% of the total outstanding Class B warrants of Ascent Solar.

SOURCE: Ascent Solar

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