The UAE, Italy, and Albania have formalised a strategic partnership to advance renewable energy and energy infrastructure projects. The agreement was signed by UAE Minister of Industry and Advanced Technology Dr Sultan Al Jaber, Italian Minister of the Environment and Energy Security Gilberto Pichetto Fratin, and Albanian Deputy Prime Minister and Minister of Infrastructure and Energy Belinda Balluku.
This collaboration focuses on developing large-scale renewable energy projects in Albania, including solar photovoltaics, wind and hybrid solutions with potential battery storage. A significant portion of the generated renewable energy is planned for transmission to Italy. The partnership includes the construction of a subsea electricity transmission interconnection between Albania and Italy across the Adriatic Sea.
This agreement builds upon a joint venture term sheet signed between Masdar, the UAE’s renewable energy company, and Albania’s Korporata Elektroenergjitike Shqiptare (KESH) during COP29 in November 2024. The joint venture aims to develop, construct and operate renewable energy projects in Albania, utilising a range of technologies, including solar PV, wind, and hybrid solutions, with potential integration of battery storage.
The tripartite partnership is expected to enhance energy security, promote sustainable development, and accelerate the transition to clean energy in the Mediterranean region. By leveraging the UAE’s expertise in renewable energy, Albania’s natural resources, and Italy’s energy market, the collaboration aims to facilitate the development and sharing of renewable energy capacity across the Mediterranean.
