Currently, most solar cells are designed for and evaluated under standard spectra intended to represent typical spectral conditions. However, no single spectrum can capture the spectral variability needed for annual energy production (AEP) calculations, and this shortcoming becomes more significant for series-connected multijunction cells as the number of junctions increases. For this reason, AEP calculations are often performed on very detailed yearlong sets of data, but these pose 2 inherent challenges: (1) These data sets comprise thousands of data points, which appear as a scattered cloud of data when plotted against typical parameters and are hence cumbersome to classify and compare, and (2) large sets of spectra bring with them a corresponding increase in computation or measurement time. Here, we show how a large spectral set can be reduced to just a few "proxy" spectra, which still retain the spectral variability information needed for AEP design and evaluation. The basic "spectral binning" methods should be extensible to a variety of multijunction device architectures. In this study, as a demonstration, the AEP of a 4-junction device is computed for both a full set of spectra and a reduced proxy set, and the results show excellent agreement for as few as 3 proxy spectra. This enables much faster (and thereby more detailed) calculations and indoor measurements and provides a manageable way to parameterize a spectral set, essentially creating a "spectral fingerprint," which should facilitate the understanding and comparison of different sites. For design purposes, standard direct spectra can be developed for specific regions. For example, the ASTM G173 direct spectrum represents the spectral content of the direct spectra in the arid southwestern region of the United States.1,2 This is quite useful, because it ensures that a concentrator photovoltaics (CPV) system designed for a particular standard spectrum will be suitable for use in the corresponding geographic area.However, a single design spectrum does not convey any information about the variability of spectra at a particular site. This variability is crucial, because it affects the annual energy production (AEP), 3-13 and thereby the levelized cost of electricity of a system, and may also affect the design of multijunction cells for such systems. Here, we show how a set of~50 000 spectra representing spectral conditions over the course of a year can be reduced to a much smaller set of "proxy" spectra. Our results show that, with an effective binning process, a very small set of just 3 proxy spectra retains enough information about spectral variability to accurately compute and design for AEP.Such a small set of proxy spectra can greatly reduce the time needed for AEP calculations, enabling much more detailed and thorough investigations. Although in some cases it may be possible to use a full yearlong set of spectra, the time needed for computations can become prohibitive due to the large number of spectra (around 50 000 for 5-min time incremen...