fullerene derivative such as [6,6]-phenyl-C 61 -butyric acid methyl ester (PCBM). [ 2,3 ] On the other hand, polymer/polymer BHJ solar cells, which consist of a polymer donor and a polymer acceptor, have been increasingly researched given the potential advantages they could have over conventional polymer/ fullerene BHJ devices. [ 4,5 ] The added fl exibility in molecular design introduced by polymer acceptors is particularly important, as it helps to improve short-circuit current density ( J SC ), open-circuit voltage ( V OC ), and the fi ll factor (FF) through fi ne tuning optical, electronic, and morphological properties. However, despite these attractive features, the development of polymer/polymer BHJ solar cells still lags far behind that of their polymer/fullerene counterparts, [ 6 ] with power conversion effi ciencies (PCEs) around 2% until recently. [ 4,5 ] Owing to considerable efforts in synthesizing polymer acceptors and optimizing the blend morphology, the PCEs of polymer/polymer BHJ solar cells have been improved up to more than 5% in the last few years. [ 7 ] Fluorene and benzothiadiazole-based copolymers are among the most promising of these acceptor alternatives [8][9][10][11] because of their large absorption coeffi cients in the visible region and higher energy levels for the lowest unoccupied molecular orbital (LUMO); these features in turn increase light absorption and V OC , respectively. Recently, we reported a polymer/ polymer BHJ solar cell containing poly(3-hexylthiophene) (P3HT) as the donor and poly[2,7-(9,9-didodecylfl uorene)-alt -5,5-(4′,7′-bis(2-thienyl)-2′,1′,3′-benzothiadiazole)] (PF12TBT) as the acceptor ( Figure 1 a). [9][10][11] This system gave an energy difference of more than 1 eV between the highest occupied molecular orbital (HOMO) of the donor and the LUMO of the acceptor, retaining the 0.8 eV offset in the HOMO-HOMO and the LUMO-LUMO levels needed for effi cient charge transfer ( Figure 1 ). As expected, much higher V OC of 1.26 V was yielded when compared to P3HT/PCBM devices, which typically yield values of only about 0.6 V. [9][10][11] In addition, thermal annealing improved both the J SC and the FF, resulting in a PCE of 2.7%. [ 10,11 ] However, the maximum external quantum effi ciency (EQE) of the P3HT/PF12TBT BHJ solar cells was just 30%, far below the 70-80% values reported for P3HT/PCBM devices. [ 2 ] This means that the high V OC of this The charge generation and recombination dynamics in polymer/polymer blend solar cells composed of poly(3-hexylthiophene) (P3HT, electron donor) and poly[2,7-(9,9-didodecylfl uorene)-alt -5,5-(4′,7′-bis(2-thienyl)-2′,1′,3′-benzothiadiazole)] (PF12TBT, electron acceptor) are studied by transient absorption measurements. In the unannealed blend fi lm, charge carriers are effi ciently generated from polymer excitons, but some of them recombine geminately. In the blend fi lm annealed at 160 °C, on the other hand, the geminate recombination loss is suppressed and hence free carrier generation effi ciency increases up to 74%. These ...