I can see this being somewhat useful as a no-moving-parts heat engine for something like a solar concentrator, but there’s another relevant thermodynamic limit: even if this magic material has emissivity 1, it won’t radiate at a greater power per unit area than the blackbody spectrum predicts. At non-crazy temperatures, this is not very high, which will limit output for small things like solar concentrator targets.
So I can see this being useful to convert waste industrial heat, or maybe as a bottoming engine for a combined cycle plant, but I am having trouble understanding how it could be useful for solar.