This study aims to investigate a new structure for a concentrating photovoltaic (PV) module using a III-V compound semiconductor solar cellto solve the problems of existing concentrating PV modules and to explore a concentrating optical system with a flat structure, which shows remarkable advantages in terms of manufacturing cost, installation, and maintenance. This study should greatly contribute toward the development of concentrating PV modules. This study was performed to achieve an improvement in efficiency and economy and to implement an actual product. A new source of renewable energy is the only way in which countries that cannot produce oil can even emerge as an energy power. Therefore, this work can serve as a fundamental study that will help South Korea grow into a country that is a PV power generation force.