40% Efficiency Solar Cells Developed
gtada writes "A story published at Physorg.com discusses recently published research into the fabrication of solar cells that surpass the 40% efficiency milestone. Such devices would be the high water-mark to date, and hint at the possibility of even more effective technology. 'In the design, multijunction cells divide the broad solar spectrum into three smaller sections by using three subcell band gaps. Each of the subcells can capture a different wavelength range of light, enabling each subcell to efficiently convert that light into electricity. With their conversion efficiency measured at 40.7%, the metamorphic multijunction concentrator cells surpass the theoretical limit of 37% of single-junction cells at 1000 suns, due to their multijunction structure.'"
There is really no shortage of sunlight anyways. If only solar cells could be made cheaply. I suppose this will be great for satellites though.
You might want to re-check your calculations. Total world energy usage is ~15 TW. Light at surface averages ~342 W/m.
Land surface is 148,939,100 km
(1.5*10^13 TW / [0.4 *342 W/m]) / 148939100000000 m = ~ 0.07%. Let's double it for extra capacity (and because half the planet is in night), and we're still under 0.15% of the land surface area. Your 8% estimate is large by a factor of 50 or so.
Of course, putting the whole thing in space might make more sense. If you really want pie-in-the-sky thinking, covering the moon with 10% efficient solar cells would provide about 86 times the power the world uses now. Getting it all back to Earth would be the tricky part.
Though I also agree we should be using better nuclear reactors.