Norsk Hydro Expands Stake In Ascent Solar

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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