Regioregular polythiophenes baring 3-(p-methoxyethoxyethoxy)-phenyl substituents (PEOPT) show high photoluminescence efficiencies. Exposing thin films of this polymer to vapors of chloroform or annealing them by heat treatment results in a red shift of the absorption maximum due to solvent or heat induced ordering which gives rise to more planar conformations. The fact, that annealed thin films of PEOPT exhibit absorption edges at relatively low energies and thus have an enhanced spectral range makes them suitable for use in photodiodes / solar cells. The photoinduced charge generation efficiency in PEOPT is significantly enhanced by the addition of a strong electron acceptor like fullerene, as observed by quenching of the luminescence and by photoinduced absorption measurements in the infrared and UV-Vis regime. The efficiency of the photoinduced charge transfer from PEOPT to a methanofullerene is found to depend on the ordering of PEOPT in thin films.