Ascent Solar Buys Facility for New Headquarters and Production Unit

Photovoltaic module developer Ascent Solar Technologies has announced the purchase of a large scale manufacturing facility, which is expected to house the company’s new world headquarters and planned commercial manufacturing operations.

Located in Thornton, Colorado, north of downtown Denver, the plant encompasses approximately 120,000 square feet of office and manufacturing space.

In addition to housing the company’s headquarters, the facility will provide manufacturing space for the first of several 25MW solar module production lines as the company embarks on a plan to expand its worldwide production capacity to 100MW by 2011. The first 25MW production line is planned for completion by year-end 2009.

Matthew Foster, Ascent Solar’s president and CEO, said: “Ascent Solar is pleased to locate our new world headquarters in the state of Colorado. We look forward to growing our presence in Colorado and to delivering sustainable energy alternatives with our products.”