Albania, Italy, and UAE Sign Landmark Green Energy Cooperation Deal

Albania, Italy, and the United Arab Emirates (UAE) have signed a tripartite strategic partnership [1] agreement on renewable energy and energy infrastructure. The agreement was signed in Abu Dhabi during the Abu Dhabi Sustainability Week, in the presence of UAE President Mohamed bin Zayed al Nahyan, Italian Prime Minister Giorgia Meloni, and Albanian Prime Minister Edi Rama.

The partnership aims to strengthen cooperation in renewable energy and energy infrastructure, including the implementation of gigawatt-scale renewable energy projects in Albania. These projects will focus on solar photovoltaics, wind, and hybrid solutions, with potential battery storage technologies. A significant portion of the generated renewable energy will be transmitted to Italy through a cross-border electricity transmission line.

This partnership is considered a crucial move towards enhancing energy security in the Mediterranean region and promoting sustainable development in the region. 

Italian Prime Minister Giorgia Meloni emphasized the importance of developing adequate infrastructures to ensure a concrete and sustainable energy transition. She stated, “Developing interconnections can be the keystone of a new energy diplomacy to multiply opportunities for cooperation among us and generate shared benefits for all”.

Italy’s Environment and Energy Security Minister Gilberto Pichetto Fratin commented, “We are very pleased to be part of the tripartite strategic partnership framework aimed at strengthening cooperation with countries with great potential to develop cost-effective renewable energy, which will further increase Italy’s role as an energy and renewables hub in the Mediterranean.” 

The deal, valued at around 1 billion euros, is expected to enhance energy security in the Mediterranean region, promote sustainable development, and accelerate the transition to clean energy.

Sources: 

[1]Albania, Italy, UAE sign deal on green energy cooperation 

https://www.aa.com.tr/en/world/albania-italy-uae-sign-deal-on-green-energy-cooperation/3452169#

[2] UAE, Italy, Albania sign tripartite strategic partnership framework for cross-border green energy cooperation  https://www.emirates247.com/business/energy/uae-italy-albania-sign-tripartite-strategic-partnership-framework-for-cross-border-green-energy-cooperation-2025-01-15-1.736294#google_vignette

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