Third Generation
At the early 1990s using costly production processes, research laboratories have for many years been able to produce highly efficient crystalline silicon cells with efficiencies up to nearly 25 per cent. In these the electrical and optical losses are minimized. The source material required here is a highly pure polycrystalline silicon rod with a mono-crystalline silicon seed at its tip - but this material is expensive! Well the third generation technologies aim to enhance poor electrical performance of second generation (thin-film technologies) while maintaining very low production costs. Current research is targeting conversion efficiencies of 30-60% while retaining low cost materials and manufacturing techniques. They can exceed the theoretical solar conversion efficiency limit for a single energy threshold material, that was calculated in 1961 by Shockley and Queisser as 31% under 1 sun illumination and 40.8% under maximal concentration of sunlight (46,200 suns, which makes the latter limit more difficult to approach than the former). Technologies includes: Silicon nanostructures, Up/Down converters, Hot-carrier cells, Thermoelectric cells. Our purpose is not to research those technologies yet since they are not common and not affordable of course. We need to find the cell that makes sense business wise.
So far: You should realise that the near future technology will be Thin Film. For now we stick with the Mono and Poly-Crystalline technology since the researches оn Thin -film technology are still in progress. If we need to act as business we have to realise that investing in thin-film will be riskier but the return of the investment would be near 20-40% faster (these statements are absolutely our opinion) . The problem is that we do not know if they will be able to produce same energy for the next 20 years as the manufacturer says since the technology is still new and there is no prove of that…Most conservative investors will go with Crystaline technology which is more efficient and is used for decades, although it is more expensive.