> Average annual solar radiation arriving at the top of the Earth's atmosphere is roughly 1361 W/m^2. The Sun's rays are attenuated as they pass through the atmosphere, leaving maximum normal surface irradiance at approximately 1000 W /m^2 at sea level on a clear day.
There are practical challenges, but otherwise, yes, it should work.
[1] https://en.wikipedia.org/wiki/Solar_irradiance#Irradiance_on...
Like so many things it's got a few unsolved technical difficulties thought that make it not-quite feasible.
I do think that its certainly going to be one of the ways humanity powers themselves going into the future. As our power needs increase, we will inevitably look to more efficently use the power eminating from our star and one of the first steps in doing that is by harnessing it without the atmospheric effects.
[Warning, very stupid idea ahead]: Since I don't know well enough the topic, why wouldn't be possible to use a satellite to collect solar energy (because outside the atmosphere you can collect ~40% more (edited) the solar energy due to lack of atmospheric filtering effect),and then transmit that energy back to earth via some sort of wireless energy distribution mechanism (laser?). I guess a YoYo satellite with real tens of KM of wire to earth has a lot of reasons for not be feasible.