While a ten per cent target in the energy mix is claimed as achievable, IRENA says higher penetration of renewables is also possible by 2030. (Image source: TPSDave/Pixabay)

The UAE is aiming to achieve a 10 per cent increase in the renewable energy mix by 2030, according to a report by International Renewable Energy Agency (IRENA)

The report by Citigroup Inc., has stated that solar and wind power generation is an economical option, in the midst of falling oil prices. (Image source: AzharElmiza/Flickr)

The outlook for renewable energy development looks bright in 2015, despite the fall in oil prices, according to a report by Citigroup Inc.

The 200MW plant has been added recently to the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. (Image source: Inhabitat Blog/Flickr

Dubai?s Electricity and Water Authority (DEWA) has signed a power purchase agreement (PPA) and shareholder agreement for the second phase of the 200MW solar plant at Mohammed bin Rashid Al Maktoum Solar Park in Dubai

Sultan Ahmad Al Jaber, chairman of Masdar and Ali Fassi-Fihri, director general of ONEE, signed the agreement in Casablanca, Morocco. (Image source: Masdar)

Abu Dhabi?s energy company Masdar and Morocco?s electricity utility Office National de l?Electricit? et de l?Eau Potable (ONEE) have entered a partnership to provide 17,670 solar home systems in Morocco