ITALY, ALBANIA, UAE SIGN SUBSEA ENERGY DEAL- Meloni says the deal will produce green power in Albania and export it to Italy
Italy, Albania and the United Arab Emirates have signed a subsea energy deal today worth at least 1 billion euros, to build a subsea interconnection for renewable energy across the Adriatic Sea.
The deal was announced by Italian Prime Minister Giorgia Meloni at the World Future Energy Summit in Abu Dhabi, who expressed her strong belief in the project involving the three governments, their private sector and grid operators.
The three-way partnership, which aims to produce green power in Albania and export it to Italy through underwater cables, will involve Italian grid operator Terna and UAE’s National Energy Company (Taqa), Albanian Prime Minister Edi Rama said.
The Albanian premier added that the infrastructure would connect the Albanian port of Vlore to the southern Italian region of Puglia, the narrowest point between the two countries, and was expected to be operational within a maximum of three years.
Meloni said she is proud of the deal, stating further that it signifies that new forms of cooperation can be built amongst distant geographical partners.
