Abstract: A solar power installation having cooled bifacial photovoltaic solar modules for converting solar energy into electrical and thermal energy. The installation comprises a bifacial photovoltaic (PV) module having a liquid cooling system, a panel including bifacial PV cells, and a flat mirror concentrator for concentrating light on the panel. The installation also comprises a heat exchanger; a solar tracking system; and a parabolic mirror concentrator. The liquid cooling system has a closed circulation circuit. A first circuit section has a passage located over surfaces of the panel with the bifacial PV cells for cooling the surfaces of the panel. A second circuit section is located such that coolant passes through a focus of the parabolic mirror concentrator for additional heating of the coolant passing therein prior to entering the heat exchanger.