Scientists of the Commission-financed project FULLSPECTRUM have developed photovoltaic (PV) multi-junction (MJ) solar cells which are able to convert 39.7% of the energy of sun light into electricity. This is the highest percentage ever reached in Europe, according to researchers after their final workshop today in El Escorial, Spain.
The main barrier to large-scale deployment of PV systems is the high production cost of electricity, due to the significant capital investment costs. Research is engaged to reduce manufacturing costs and to raise the efficiency of the cells. Today conventional PV cells made of silicon are converting only a fraction of the solar light spectrum around 17%.