Significant enhancement of P3HT (poly(3-hexylthiophene)): PC61 BM ([6,6]phenyl C61-butyric acid methyl ester) photovoltaic devices using different patterns of electrospun Ag/PVP composite nanofibers, including nonwoven, aligned, and crossed patterns, is reported. The composite electrospun nanofibers are prepared using in situ reduction of silver (Ag) nanoparticles in Ag/poly(vinyl pyrrolidone) (PVP) via a two-fluid coaxial electrospinning technique. The composition, crystalline orientation, and particle size of Ag are manipulated by controlling the core/shell solution concentration. The smallest diameter of the composite nanofibers leads to the highest orientation of the Ag nanoparticles and results in the largest conductivity due to geometric confinement. Such composite nanofibers exhibit the surface plasmon resonance (SPR) effect, which provides near field enhancement of electromagnetic field around active layer. Additionally, composite nanofibers with the crossed or nonwoven patterns further enhance high carrier mobility, compared to that of the aligned pattern. It leads to the 18.7% enhancement of the power conversion efficiency of photovoltaic cell compared to the parent device. The results indicate that the high conductivity and SPR effect of the Ag/PVP electrospun nanofibers can significantly improve the photocurrent and PCE, leading to promising organic solar cell applications.