The stricter requirements for the energy performance of buildings are creating a market for several building‐integrated photovoltaic (BIPV) technologies, including photovoltaic (PV) windows. Herein, an innovative multifunctional PV window concept designed to enhance energy generation while providing overheating protection for better indoor thermal and visual comfort is presented. This concept utilizes bifacial c‐Si solar cell strips combined with venetian blinds, all embedded in a unique insulating glazing unit. The bifacial technology increases the energy yield by using the blinds as reflectors, directing more irradiance to the cells’ rear side. The goal of this study is to analyze the outdoor performance of this concept under real operating conditions. Twelve demonstrators are installed and monitored. Various measurement campaigns are conducted, examining the impact of different blind types, tilt angles, sun positions and sky conditions. The highest energy boosts occur when the blinds are fully closed at a 75° angle with their convex side facing outward. Blinds with the highest specular reflectance achieve a maximum performance increase of 25% on sunny days and a daily average increase of 12% compared to the case of no blinds.