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
