In the past decade, considerable efforts have been devoted to the development of semitransparent organic solar cells. Numerous materials and architectures have been proposed for the future commercialization of these devices. Among these, the use of ternary active layers demonstrated a great promise for the development of efficient semi-transparent organic solar cells with the potential for future applications including self-powered greenhouses and powered windows. Researchers seek alternative solutions to the trade-off between device power conversion efficiency (PCE) and average visible transmittance (AVT), with photoactive materials being the key parameters that govern both (PCE) and (AVT) as well as device stability. Several new organic materials, including polymers and small molecules, were synthesized, and used in conjunction with a variety of techniques to achieve semitransparent conditions. In this review paper, we will look at the working principle and key parameters of semi-transparent organic solar cells, as well as the methods that have been used to improve the performance of ternary-based semi-transparent organic solar cells. The main approaches were concluded to be spectral enhancement and transparency increment of the active layer through bandgap tuning, utilizing novel organic semiconductors, and design architecture of the active layers.