It is essential to always track maximum power from photovoltaic (PV) sources. Failure to track the global maximum power point under partial shading conditions is one of the major reasons that lead to significant power losses. Several maximum power point tracking methods have been proposed to deal with this problem. However, none of them were able to effectively identify the occurrence of partial shading. With the facility of Matlab modelling and simulation as well as the aid of a constructed solar emulator, the power-voltage characteristics of a PV panel under uniform and non-uniform irradiance conditions have been studied and some useful conclusions have been identified from observation. Based on these conclusions, a novel maximum power point tracking algorithm has been proposed, which is capable of identifying the occurrence of partial shading hence determining the need for a global scan over the operation range of PV panels for the true maximum power point. In the meantime, the effect of PV dynamics, due to the capacitance of PV cells, on maximum power point trackers has been investigated and some initial results and suggestions have been presented in this work.