The United Arab Emirates, Italy and Albania have signed a tripartite cooperation agreement to deploy gigawatt-scale renewable energy projects in Albania and establish a cross-border electricity transmission interconnection to Italy.
Italian Prime Minister Giorgia Meloni announced this during the World Future Energy Summit (WFES), currently taking place in Abu Dhabi, UAE.
“It outlines key areas of cooperation between the UAE, Italy and Albania, including the deployment of gigawatt-scale renewable energy projects in Albania, with a focus on solar photovoltaics, wind energy and hybrid solutions with potential battery storage,” Meloni said. “A significant part of this renewable energy will be transported to Italy. In addition, the partnership will oversee the implementation of a cross-border electricity transmission interconnection linking Albania and Italy.”
“The framework follows the signing of a joint venture term sheet between Masdar and Korporata Elektroenergjitike Shqiptare (KESH) – Albania Power Corp. – on the sidelines of COP29 last November to establish a strategic partnership for the development, construction and operation of renewable energy projects in Albania using a range of renewable technologies, including solar, wind and hybrid solutions, with possible integration of battery storage,” the Italian government said, without revealing additional details.
The Italian Prime Minister also said that Italy is currently developing the Elmed submarine cable between Italy and Tunisia and the so-called SouthH2 Corridor for the transport of hydrogen from North Africa to Central Europe, via Italy.
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