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Ascent Solar Spending $75M on New HQ

DENVER-The publicly held developer of thin-film photovoltaic modules acquires a 120,000-sf industrial building here that will become its world headquarters and commercial manufacturing facility.

By Brian K. Miller | Updated on February 11, 2008

DENVER-Ascent Solar Technologies has acquired a 120,000-sf industrial building near here that will become its world headquarters and commercial manufacturing facility. The publicly traded developer of flexible solar panels known as thin-film photovoltaic modules will invest upward of $70 million renovating and outfitting the facility, which it acquired for approximately $5.5 million.

Ascent is currently headquartered in 15,000 sf in Littleton, CO. The new facility, located near Interstate 25 in Thornton, just north of Downtown Denver, will allow it to create the first of several 25MW solar module production lines. The first line is expected to be ready for the production of commercial products by year-end 2009. The company plans to expand its capacity to 100 MW by 2011.

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