You're describing solar thermal energy [1]. Use solar collectors to turn light into heat, then use a heat engine to turn that heat into electricity. This TEG could be used as a heat engine for this task. But again, our heat engines are already capable of this task and don't need such high temperatures. A solar collector array even getting to this TEG's operating temperature might not be feasible.
Photovoltaics just turn solar energy into electricity, and don't need the heat engine. This has made them way cheaper to deploy than solar thermal energy. So unless there's something very important about this new TEG, the solar thermal vs photovoltaic calculus doesn't really change.
1. https://en.wikipedia.org/wiki/Solar_thermal_energy