Approximately 2 billion people, mainly in Third World countries, are n
ot connected to an electric grid. The standard, centralized grid devel
opment is too expensive and time consuming to solve the energy demand
problem. Therefore, there is a need for decentralized renewable energy
sources. The main attractiveness of solar cells is that they generate
electricity directly front sunlight and can be mounted in modular, st
and-alone photovoltaic (PV) systems. Particular attention is paid in t
his paper to crystalline silicon solar cells, since bulk silicon solar
-cell (mono and multi) modules comprise approximately 85% of all world
wide PV module shipments. Energy conversion efficiency as high as 24%
has been achieved an laboratory, small-area monocrystalline silicon ce
lls, whereas the typical efficiency of industrial crystalline silicon
solar cells is in the range of 13-16%. The market price of PV modules
remains for the last few pears in the range of $3.5-4.5/watt peak (Wp)
. For the photovoltaic industry the biggest concern is to improve the
efficiency and decrease the price of the commercial PV modules. Effici
ency-enhancement techniques of commercial cells are described in detai
l. Adaptation of many high-efficiency features to industrially fabrica
ted solar cells resulted in efficiencies above 17% for multicrystallin
e and above 18% for monocrystalline silicon solar cells. The latest st
udy shows that increasing the PV market size ton ard 500 MWp/y and acc
ounting for realistic industrial improvements can lead to a drastic PV
module price reduction down to $1/Wp.