Victor Lee takes the helm at Ascent Solar as the newly appointed president and CEO

Facebook
Twitter
LinkedIn
Reddit
Email

Victor Lee, executive director of TFG Radiant Group, will now serve as Ascent Solar Technologies’ president and CEO. TFG Radiant owns approximately 20% of the outstanding shares of Ascent and this past December agreed to purchase an additional 21% of the outstanding stock in a private transaction. Lee will remain as a board member for the company, but advised that he takes on the roles of president and CEO voluntarily and without any compensation.

Dr. Amit Kumar, chairman of Ascent, stated, “We are pleased to see TFG Radiant make a greater commitment to Ascent. Victor, representing our largest shareholder, has tremendous relationships in Asia that will be valuable to Ascent. As we evaluate the changing dynamics of the solar industry, we have been aware for some time that the greatest market opportunities are in Asia, and this change in leadership enables us to take advantage of these changing market dynamics. Victor and his team at TFG Radiant, have substantial financial management backgrounds, have run multiple large organizations, and have very strong financial, government and business relationships in China and East Asia. In addition, Victor is fluent in English, Mandarin and multiple Chinese dialects.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Lee’s role will see him focus on increasing production, establishing relationships with partners and developing sales opportunities – especially in Asia. He brings a 17 year background in corporate banking, real estate finance, investment management and corporate advisory services to his position. Lee began his career with Citibank working his way towards a VP position in the international and personal banking division. He eventually moved on to work with Deutsche Bank as a VP and was later promoted to managing director and Singapore market head in the private wealth management division

Between 2007 and 2009 he worked at Morgan Stanley in the private wealth management division and served as an executive director and head of the Singapore/Malaysia markets. Lee received his bachelor’s degree in accounting from the University of Wisconsin and a master’s in wealth management from the Singapore Management University.

Read Next

Premium
October 10, 2025
Gaëtan Masson of IEA PVPS warns of overcapacity, collapsing prices and slipping module quality in the new Trends in PV Applications report.
October 10, 2025
The European solar module market has reached a “state of equilibrium” in recent weeks, with stable prices and regular demand.
October 10, 2025
US solar recycling firm OnePlanet has achieved the R2v3 certification from electronics sustainability non-profit SERI, which represents the “highest standards of traceability”.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK