Concentrated Solar Power has a great potential for delivering low cost solar power. Concentrator photovoltaics (CPV): Sunlight is concentrated onto photovoltaic solar cells to produce electricity. Solar concentrators of all varieties may be used for this, often mounted on a solar tracker in order to keep the focal point upon the cell as the sun moves across the sky.

Compared to conventional flat panel solar cells, CPV is advantageous because the solar collector is less expensive than an equivalent area of solar cells. CPV system hardware is typically priced around 3 USD/Watt, whereas silicon flat panels are commonly 5 USD/Watt (not including any associated power systems or installation charges.