Italy, Albania and the UAE have signed a deal valued at at least €1bn ($1.02bn) to establish a subsea interconnection across the Adriatic.

Strategic partnership aims to boost cooperation between 3 countries in fields of renewable energy and energy infrastructure - Anadolu Ajansı

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.

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,

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.

Italy, Albania, and the United Arab Emirates (UAE) have entered a trilateral agreement focused on clean energy cooperation. The deal aims to leverage

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.

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