This new solar cell is created by a team of scientists at California Institute of Technology. This new solar cell that is created only uses 2% of silicon (1/50 of silicon compared to the conventional solar cell) and the rest is polymer. The flexible material allows for manufacturing it in rolls, which will lowering the cost. You can read more on it in the link below.
Source:
http://www.sciencedaily.com/releases/2010/02/100216140259.htm
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