Of course, new developments in technology are occurring all the time and PV could seize a good slice of the renewables market eventually because of its suitability for small area applications (home and agricultural installations, etc.).
Nonetheless, I think the answer globally is solar thermal with molten salt energy storage systems transmitting power over high voltage DC. In the US, while there are now about 2,776 conventional power plants (almost all burning ancient sunlight in the form of fossil fuels), just 100 solar thermal plants each 10.5 (16.9km) miles on a side would satisfy the electricity needs of the whole country.
Now, granted, RenewableCandy's comment makes a good point that the sort of land area we have in the US just doesn't exist in the UK, but that's where the united multinational character the European Union comes in. Projects could be done on a cooperative basis between nations and could be constructed on a massive scale in Spain, Italy, and the south of France and transmit power all over Europe and the UK.
Check out this interesting new technology in mirrors for solar thermal that could greatly cut the cost of building plants and the drop the total cost per kWh to around five cents:
http://www.ecogeek.org/component/content/article/3090
Here's a little more data on the potential of solar thermal:
http://2greenenergy.com/solar-thermal-leader/2534/
In my estimation, solar thermal using molten salt for energy storage resolves the baseload debate that has precluded massive solar projects from serious consideration in the past. Energy storage remains a solid barrier to PV as a total energy solution.
My other specific doubts on PV are a) the production processes for crystalline silicon take up lots of energy, and the gradual nature of the growth rate of the feed stock prevents rapid scale-up, b) amorphous silicon has a low efficiency and is prone to light induced metastability, c) there are toxicity risks with large scale production of cadmium telluride cells, and there are potential resource limitations - also the notable the technology is in its infancy, d) there are also toxicity issues with CIGS modules, and increasing deposition rates deplete efficiency.
Solar thermal/molten salt can give the world a total solution for all our electricity needs fairly quickly and very sustainably. It'll get us off coal, fuel oil and gas fired power plants. It'll also prevent us from going down the nuclear path, which is neither safe, cheap, clean nor sustainable.
We can also readily ramp up solar thermal in a relatively short time to meet the additional demands of an all electric transportation infrastructure for mass transit, personal transportation and shipping.
Here's some info surrounding those options:
http://2greenenergy.com/electric-vehicle-adoption/2890/
http://2greenenergy.com/epa/3003/
http://2greenenergy.com/paradigm-shift/2668/
Consider the fact that 80% of the world's oil is within the top 16 oil nations, and over two thirds of that oil is in the rather-less-than-stable Middle East. With the rapid growth of the middle-class in India and China - and all the energy demand we'll see there - we can't afford to delay the pursuit of a total answer to our need for fossil fuels. This is an especially pressing reality when the only rational and reliable nuclear reactor is that great yellow ball we travel around every year - we just need to plug in.
The moment we needed to act was three of four decades ago, but now is so much better than never. I don't think we can allow ourselves to spread our investment capability across a vast array of technologies with handicapping challenges. I'm of the firm conviction that we must identify one or two solid, proven solutions and back them 100% across the globe.
I'm really thankful to PowerSwitch for circulating information on energy alternatives and providing a venue for public discussion and info exchange - if we humans put together an answer in time to avoid further like the one we're suffering in the Gulf of Mexico, it'll be in part because of fabulous sites like this one.
Craig Shields, Editor, 2GreenEnergy.com