This paper presents a summary of the status of bifacial PV in respect of the technology in mass production, the installed PV systems, and the costs relating both to module production (cost of ownership – COO) and to electricity (levelized cost of energy – LCOE). Since the first bifacial workshop, organized by ISC Konstanz and the University of Konstanz, in 2012, many things have changed. Bifacial cells and modules have become cost effective, with installed systems now adding up to more than 120MWp and the technology becoming bankable. Large electricity providers have recognized the beauty of bifacial installations, as the lowest costs per kWh are attainable with these systems. The authors are sure that by the end of 2017, bifacial PV systems amounting to around 500MWp will have been installed, and that by 2025 this type of system will become the major technology in large ground-mounted installations.