Silver electrode-forming paste composition, method of production thereof, and solar cell

To provide a paste composition capable of forming a silver electrode having a high bond strength and a low contact resistance, and to provide a solar cell endowed with a high conversion efficiency and excellent reliability, the solar cell including an electrode formed using such a paste composition, a silver electrode-forming paste composition includes a silver powder, a glass component and an organic medium, and the glass component includes tellurium-loaded glass frit which is glass frit having a tellurium compound supported on surfaces thereof. This silver electrode-forming paste composition can be produced by a method which includes the steps of: preparing tellurium-loaded glass frit sintering the mixture in the temperature range of (Tm-35) DEG C. to (Tm+20) DEG C.; and dispersing the glass component and the silver powder in an organic medium using the tellurium-loaded glass frit as at least part of the glass component.