The solar photovoltaic (PV) market has experienced an accelerated growth, accompanied by remarkable cost declines for solar PV technologies. The levelized cost of electricity (LCOE) from solar photovoltaics decreased by 69% between 2010 and 2016 – coming well into the cost range of fossil fuels. Photovoltaic technology still has plenty of room for innovation and thus, cost reduction. New technologies, materials and highly productive manufacturing equipment are continually improved in order to reduce production costs and increase cell and module efficiencies at the same time. This presentation will discuss new developments that support the progress in crystalline silicon PV production by identifying manufacturing and technology issues and trends for wafer, cell and module production in particular. Definitely, Photovoltaics has a bright future, and its technological development is the key to success.