Company Profile
Founded in 2005, ELITE Solar is committed to becoming a global professional photovoltaic system service provider. Guided by our core values—excellence, innovation, and customer success—we help partners harness solar power with confidence. With manufacturing across Vietnam, Indonesia, and Egypt, we offer fully integrated production of silicon wafers, cells, and modules and maintain a 99% traceable green supply chain. Through prudent operations and continuous growth, the company maintained a debt-to-asset ratio of 54% in 2024, showcasing industry-leading financial stability. Continuing to push technology forward, ELITE Solar’s latest third-generation cell technology—featuring exceptional efficiency, high yield, and superior performance—helps customers maximize project value while driving the global transition to clean energy.
Core Values
People First
Client Philosophy
Powered by Partnership. Focused on You.
Approach to Innovation
Innovation is How we lead, grow, and shape the future of solar energy
Commitment to Quality
Built on Quality. Driven by Excellence
Leadership Team
Arndt E.Lutz
Chief Executive Officer
Arndt E. Lutz is the CEO of ELITE Solar, leading its global PV manufacturing business. With over 20 years of experience in solar energy and green hydrogen, he focuses on trade compliance solutions for global customers.
Frank Faller
Chief Technology Officer
Frank Faller is the Chief Technology Officer of ELITE Solar, where he leads the company’s technical strategy and innovation roadmap for utility-scale solar project development across Europe.
May Khasem
Chief Operating Officer
May Khasem is the Chief Operating Officer of ELITE Solar, with nearly 20 years of solar industry experience. She helped establish the company’s U.S. office in 2007 and drives global operations and growth.
Alex Chen
General Manager
Alex Chen is the General Manager of ELITE Solar, leading strategy, customer partnerships. He guides market expansion and ensures reliable delivery across ELITE Solar’s diversified ingot-to-module supply chain spanning Egypt, Vietnam, and Indonesia.
Arndt E.Lutz
Chief Executive Officer
Arndt E. Lutz is the CEO of ELITE Solar, leading its global PV manufacturing business. With over 20 years of experience in solar energy and green hydrogen, he focuses on trade compliance solutions for global customers.
Frank Faller
Chief Technology Officer
Frank Faller is the Chief Technology Officer of ELITE Solar, where he leads the company’s technical strategy and innovation roadmap for utility-scale solar project development across Europe.
May Khasem
Chief Operating Officer
May Khasem is the Chief Operating Officer of ELITE Solar, with nearly 20 years of solar industry experience. She helped establish the company’s U.S. office in 2007 and drives global operations and growth.
Alex Chen
General Manager
Alex Chen is the General Manager of ELITE Solar, leading strategy, customer partnerships. He guides market expansion and ensures reliable delivery across ELITE Solar’s diversified ingot-to-module supply chain spanning Egypt, Vietnam, and Indonesia.
2005
was founded as a brand
2007
USA was founded
2012
as Tier-1 rating
2019
2021
KiwaPVEL module reliability tests.
2022
2GW production capacity launched in Cambodia.
2023
ET Solar Renamed to ELITE Solar
2024
Selected for Wood Mackenzie Top 10 solar PV module manufacturer ranking.
Groundbreaking of Egypt plant.
Tandem perovskite R&D center was establishe.
2025
ELITE Solar brand logo refreshed.
5GW capacity production launched in Egypt.
Brand Recognition
BloombergNEF
2012-2025
PV Module Manufacturer Tier 1
EUPD RESEARCH
2022-2025
USA Top Brand
KiwaPVEL
2021-2025
KiwaPVEL "Top Performer"
Wood Mackenzie
2024
Ranked in the Top 10 Manufacturers