Italy, Albania, and UAE sign €1bn renewable energy cooperation deal
Italy, Albania, and the UAE have signed a cooperation deal worth at least €1bn ($1.02bn) to establish a subsea interconnection for renewable energy transfer across the Adriatic Sea, Reuters reports. The agreement, under the Tripartite Strategic Partnership Framework, aims to enhance energy infrastructure and renewable energy capacity in the Mediterranean region. Italian Prime Minister Giorgia Meloni described the project as a “strategic infrastructure” at the World Future Energy Summit in Abu Dhabi in April 2024….