Italy, Albania and the United Arab Emirates (UAE) have signed a cooperation deal valued at a minimum of €1bn ($1.02bn) to establish a subsea interconnection to import renewable energy across the Adriatic Sea,

Italy, Albania and the United Arab Emirates have signed a three-way clean energy cooperation deal. It calls for the Gulf country’s expertise to be put to use in Albania to produce solar, wind and other renewable energy,

ABU DHABI (Reuters) - Italy, Albania and the United Arab Emirates signed on Wednesday a deal worth at least 1 billion euros ($1 billion) to build a subsea interconnection for renewable energy across the Adriatic Sea.

The United Arab Emirates, Italy, and Albania plan to cooperate on gigawatt-scale renewable projects in Albania and a cross-border transmission link to deliver power to Italy.

Albania, the United Arab Emirates, and Italy finalized a strategic tripartite agreement focused on <a target=_blank href=

Albania, Italy and the United Arab Emirates (UAE) signed an agreement on January 15 on a project valued at around €1bn to build a subsea interconnection to facilitate the transfer of renewable energy across the Adriatic Sea.

In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan; Her Excellency Giorgia Meloni, Prime Minister of Italy; and His Excellency Edi Rama, Prime Minister of Albania, the UAE, Italy,

The UAE is lending technology and expertise for the project. View on euronews