Renewable energy capacity has been growing rapidly, exceeding 140 GW of installed power in solar Photovoltaic (PV) power generation. Along with PV installations, the variety of applied power electronics topologies has also increased, resulting in a key point of future Smart Grids, as long as they allow new operation possibilities. This paper reviews the emerging topologies for PV applications that could be used in the generation of new smart inverters. A particular focus is on impedance-source converters and naturally clamped solutions. Pros and cons along with areas of application are summarized.