Semi-transparent Building Integrated Photovoltaics provide a fresh approach to the renewable energy sector, combining the potential of energy generation with aesthetically pleasing, multi-functional building components. Employing a range of technologies, they can be integrated into the envelope of the building in different ways, for instance, as a key element of the roofing or façade in urban areas. Energy performance, measured by their ability to produce electrical power, at the same time as delivering thermal and optical efficiencies, is not only impacted by the system properties, but also by a variety of climatic and environmental factors. The analytical framework laid out in this paper can be employed to critically analyse the most efficient solution for a specific location; however, it is not always possible to mitigate energy losses, using commercially available materials. For this reason, a brief overview of new concept devices is provided, outlining the way in which they mitigate energy losses and providing innovative solutions for a sustainable energy future.