As the first step to develop an InGaP/Si tandem solar cell, we tried to fabricate a high efficiency In0.5Ga0.5P single junction cell on a GaAs substrate by metalorganic chemical vapor deposition method. We optimized the cell structure taking account the minority carrier lifetime. A long minority carrier lifetime of over 10 ns was obtained with improved growth condition, and a maximum conversion efficiency of 17.4% was achieved.