ABSTRACT The depletion of conventional energy resources such as coal, oil, and gas has led to energy shortages and environmental concerns. This article addresses these issues by emphasizing the development of innovative solar power technologies as vital solutions to meet the growing global energy demand. Given the varying annual solar energy availability across regions, exploring solar technology and understanding global trends is crucial. This study provides an overview of the current literature with a focus on photovoltaic (PV) technology, while reviewing recent data to identify emerging advancements. It reveals that in 2018, global solar photovoltaic capacity was 481 GW, projected to reach 2841 GW by 2030 and an estimated 8519 GW by 2050 a twentyfold increase from 2018 levels. The research also examines PV cell manufacturing techniques, highlighting that spin‐coating is an effective method for PV cell production. Moreover, monocrystalline PV cells are shown to demonstrate superior efficiency for power generation. In addition, the study explores Ag‐doped CdSe quantum dot‐sensitized solar cells as promising alternatives to traditional silicon‐based photovoltaics. It further underscores the importance of economic evaluation using metrics such as levelized cost of energy (LCOE) for assessing financial feasibility and greenhouse gas emission reduction.
Altaye et al. (Fri,) studied this question.
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