Solar Power Efficiency Improvements

The Fraunhofer Institute for Solar Energy Systems ISE, Soitec, CEA-Leti, and Helmholtz Centre Berln have collaborated to produce a new world record in solar energy efficiency of converting solar energy into electricity. The efficiency has increased by 1.1% edging closer to the 50% mark with only 5.3% to go. This increase will further reduce the costs of solar power and this new technology can already be seen in coutries such as France, Italy, California, and South Africa.