Concentrator Photovoltaic (CPV) technology, by using efficient optical elements, small sizes and high efficiency multi-junction solar cells, can be seen as a bright energy source to produce more cost-effective electricity. The main and basic idea is to replace the use of expensive solar cells with less expensive optical elements made from different materials. This paper aims to give to the readers a rapid and concise overview of CPV and the main characteristics to be considered when designing a CPV system. It reviews the main optical configurations presented in the literature, their advantages and drawbacks, as well as the recent progress in the concentration ratio and the major performances achieved in the field. The paper considers the more recent works, their optical designs, as well as their optical and electrical performances. It also relates the major achievements on the industrial side with the major milestones in CPV developments.

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