A recent article on Azonano has mentioned that eighteen major research and industrial partners have teamed up to develop high efficiency thin film solar panels with the use of nanotechnology.
This European Union Fast Track project aims to create a prototype of next generation thin-film solar modules with 12% efficiency in the next three years. These panels, when successful can be produced at much lower cost than the current panels as they don’t need to be selectively cut out from high cost wafers.
The thin film solar modules that are currently in the market have an efficiency of 10% and this is much lower than conventional solar cells. The project therefore aims to produce these new generation thin film panels for less than 0.5 Euro per watt of nominal power.
Have a read: http://www.azonano.com/news.aspx?newsID=24601