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On January 16th, the International EnergyAgency (IEA) predicted that renewable energy will surpass coal as the world'slargest source of electricity by early 2025.

This prediction marks an important step inthe global energy transition. The rise of renewable energy, especially wind andsolar energy, has caused significant changes on a global scale. In the past fewyears, the cost of renewable energy has been continuously decreasing, and thetechnology has matured, gradually enhancing its competitiveness in the globalelectricity market.

According to data from the InternationalEnergy Agency (IEA), global renewable energy generation capacity is expected togrow by nearly 50% by 2025, reaching nearly 1 billion kilowatts. Among them,wind and solar energy will dominate, accounting for 29% and 26% of globalrenewable energy generation, respectively. However, coal-fired power generationwill decrease to 25%, losing its long-standing dominant position in the globalelectricity market.

The latest report from the InternationalEnergy Agency shows that from 2023 to 2028, global renewable energy generationcapacity is expected to grow to 7300 gigawatts, with solar photovoltaic andwind energy accounting for 95% of the new capacity. By early 2025, coal willbecome the largest source of electricity. The IEA points out that the globalrenewable energy generation capacity will increase by 50% in 2023, and the nextfive years will usher in the maximum growth period. Despite the optimisticreport, the IEA emphasizes that more efforts are needed to achieve the goal oftriple installed capacity by 2030. The report covers renewable energy sourcessuch as large-scale solar photovoltaic systems, hydropower, onshore andoffshore wind power. IEA Executive Director Birol stated that onshore wind andsolar photovoltaic costs are lower than new fossil fuel power plants, andfinancing and deploying renewable energy in emerging and developing countriesare the main challenges.

Now at a critical period of global energytransformation, Beijing MULTIFIT, as an important part of the photovoltaicindustry, actively assumes social responsibility, adheres to the concept ofsustainable development, integrates green and low-carbon concepts into theentire product lifecycle, and continuously practices the company's mission of"efficient energy conservation, allowing more people to enjoy green andclean energy" to achieve sustainable innovation of abundant green energy.Based on the photovoltaic industry, the company strives to, To become arespected first-class photovoltaic power generation enterprise.