Particle swarm optimization is a stochastic optimization, evolutionary and simulating algorithm derived from human behaviour and animal behaviour as well. Special property of particle swarm optimization is that it can be operated in continuous real number space directly, does not use gradient of an objective function similar to other algorithms. Particle swarm optimization has few parameters to adjust, is easy to implement and has special characteristic of memory. Paper presents extensive review of literature available on concept, development and modification of Particle swarm optimization. This paper is structured as first concept and development of PSO is discussed then modification with inertia weight and constriction factor is discussed. Issues related to parameter tuning, dynamic environments, stagnation, and hybridization are also discussed, including a brief review of selected works on particle swarm optimization, followed by application of PSO in Solar Photovoltaics.