In the first half of 2023, global solarenergy investment increased by 43% year-on-year to reach $239 billion, butrenewable energy investment is still far below the investment amount requiredto achieve the net zero target by 2050.According to the "Renewable EnergyInvestment Tracking Report for the Second Half of 2023,the total investment inlarge and small solar systems is 239 billion US dollars, accounting for two-thirdsof the global renewable energy investment in the first half of the year.

China remains the largest solar energyinvestor, accounting for approximately half of all large and small solar energyinvestments in the first half of 2023. The dominant reasons include the declinein component prices, the strong development of the rooftop photovoltaic market,and the investment of China's major energy bases, mainly large-scale wind andsolar power stations developed in desert areas.

Subsequently, the United States was thesecond largest investor in solar energy, with an investment of $25.5 billion inthe large and small solar energy sectors in the first half of 2023. Althoughthe investment amount in the United States is much lower than that in China,with the easing of supply chain restrictions and the increasing clarity of theInflation Reduction Act (IRA), the investment amount in the United States hasincreased by 75% compared to the first half of 2022.In addition, the investmentof Germany, Poland and the Netherlands also reached a record high. TheRussia-Ukraine conflict and the subsequent European energy crisis boosted thedemand of these countries. Saudi Arabia has also achieved remarkable growth dueto the NEOM photovoltaic power plant dedicated to hydrogen production.

In the first half of 2023, the globalinvestment in renewable energy, excluding solar energy, surged to $358 billion,a year-on-year increase of 22%, reaching a historic high in all six months.Among them, $335 billion was used for project development through assetfinancing and small-scale solar energy construction, a year-on-year increase of14%.In addition, in the first half of 2023, venture capital and private equityinvestments made expansion commitments to renewable energy companies to $10.4billion, a year-on-year increase of 25%. In the first half of the year, thetotal amount of new funds raised in the open market reached 12.7 billion USdollars, a year-on-year increase of 25%.

Against the backdrop of global energytransformation and China's "dual carbon" goals, new energy sourcessuch as photovoltaics continue to maintain a rapid development momentum,standing at the "C position of the era". The new energy andphotovoltaic industry has received widespread attention and support, and hashuge growth potential. In the future, MULTIFIT Company will actively practicethe concept of green and low-carbon development, vigorously promotecollaborative innovation, joint research and development, benefit sharing, andmutual achievement with partners, and promote the effective operation ofinnovation collaboration platforms. MULTIFIT Company and ecological partnerswill work together to fully leverage their respective advantages, achieveresource complementarity, jointly promote product research and development,market development, and deep level cooperation in related fields, and assist inthe process of carbon neutrality.The core advantages of high efficiency, highpower, high power generation, high reliability, and low electricity costprovide more outstanding value for end customers, and will continue to lead theindustrialization process of advanced technology. In the future, MULTIFITCompany will continue to maintain its leading product performance throughcontinuous technological innovation, collaborate with the industry, and striveto launch more efficient and high-quality products to benefit global customers,contributing more efforts to building a zero carbon new energy world.

In the process of photovoltaic development,MULTIFIT dares to strive to be the first, and is ready to take the opportunityof vigorously developing photovoltaic power generation globally, MULTIFITCompany has taken the lead in equipment research and development in thephotovoltaic industry.