1 billion agreement between Italy-UAE-Albania to produce green energy

An agreement with the Arab Emirates and Albania for the production of renewable energy in Albania and the interconnection with Italy: this morning in Abu Dhabi, at the ‘world summit’ on energy, Prime Minister Giorgia Meloni, accompanied by the Minister of Environment and Energy Security Gilberto Pichetto Fratin, the Albanian Prime Minister Edi Rama (with him the Deputy Prime Minister and Minister of Infrastructure and Energy of Albania) and Sultan Al Jaber, Minister of Industry and Advanced Technologies of the Emirates and president of Masdar, signed an agreement to strengthen cooperation “in the sector of renewable energy and energy infrastructure”.
The governments of the three countries promote the realization in Albania of plants for the production of renewable energy, supply agreements are envisaged between Italian operators and Albanian producers. The energy produced from renewable sources in Albania will therefore also be transported to Italy.

Rama illustrated the agreement. The value of the investment is about a billion“it is an important agreement, it will bring more energy from Albania to Italy and also because a new European law on renewables will come into force from 2026. Albania is 100 percent with renewable energy, now we are diversifying with the solar”, he said, “I think the agreement will be operational in a maximum of three years, studies have been carried out, I believe it will connect the stretch between Vlora and Puglia”.

The pact, according to what we learn, has a horizon of five years. The governments, again according to the same sources, will support the construction of plants for the production of up to 3 GW of renewable energy and the construction of an interconnector for the transmission of 1 GW between Albania and Italy. The agreement therefore defines the main areas of cooperation between the UAE, Italy and Albania, including the development of gigawatt-scale renewable energy projects in Albania, “with particular attention to solar photovoltaic, wind and hybrid solutions with potential storage via batteries”, is underlined in a joint statement.

“Personally I am very proud of this agreement”, said Prime Minister Meloni who spoke at the ‘World summit’ reiterating the need to reject an ideological approach to the transition and to find a balance between sustainability and innovation.

“Nuclear fusion can produce clean, safe and unlimited energy and transform energy from a geopolitical weapon to an accessible resource that can change history. Italy is playing its role in this direction”, argued the president of I recommend that before touring the stands you saw the president of the UAE, Mohamed bin Zayed. Enel was also present at the ‘world sunmmit’ with its top management, starting with the CEO, Flavio Cattaneo.