Essentially what this paragraph says is that, when the absorption spectrum of the dye-sensitized TiO2 is compared with the spectrum of solar radiation at Earth's surface for lattitudes around those of Europe and the United States, 46% of the solar spectrum is covered by the absorption spectrum. That is, the dye-senstitized TiO2 will harvest about 46% of the incident light at lattitudes close to those of Europe and the United States. This is a reason that these solar cells are not as efficient as they could be - even though they absorb nearly 100% of ultraviolet light, there is little to no ultraviolet light in the solar radiation that hits the solar cells.