Italy, Albania and the United Arab Emirates (UAE) have signed a landmark agreement worth billions of euros to develop a subsea electricity interconnection aimed at transferring renewable energy across the Adriatic Sea. The project will facilitate the flow of electricity produced in Albania to Italy through an underwater cable connecting the Albanian port of Vlore to Italy’s Puglia region, the narrowest point between the two countries. This initiative will complement existing infrastructure, including a 430-kilometer subsea link between Montenegro and Italy.
The agreement was officially signed during the World Future Energy Summit in Abu Dhabi, with the UAE contributing its expertise in solar and wind energy to enhance Albania’s renewable energy production. The partnership involves Italy’s transmission system operator Terna and the UAE’s National Energy Company (TAQA).
The Albanian government confirmed that the investment agreement will not only establish the underwater interconnection but also help expand Albania’s renewable energy capacity. This initiative positions Albania as a key energy player in the region, particularly with its goal of producing 100% renewable energy.
Italian Prime Minister Giorgia Meloni highlighted the strategic significance of the project, emphasizing its potential to meet Italy’s future energy needs while supporting global climate goals. She also noted that the trilateral partnership exemplifies how international collaboration can drive sustainable energy solutions, addressing both growing energy demands and climate challenges.
