UAE, Italy, Albania agree on $1.1 billion renewable energy cable
The deal follows a draft agreement last year between Abu Dhabi's Masdar and Albania's KESH to develop sustainable energy projects together

Adriatic coast near Vlorë, Albania (Getty Images)
The UAE, Italy and Albania are working together on a $1.1 billion venture that includes building an undersea cable to carry renewable energy produced in Albania to Italy.
The deal signed Wednesday in Abu Dhabi will focus on large-scale renewable energy projects in Albania, including solar, wind, and hybrid systems involving battery storage, The National reports.
It follows a preliminary joint venture agreement last year between Abu Dhabi green energy company Masdar and Albania’s KESH to develop renewable energy projects in Albania.
Italian Prime Minister Giorgia Meloni said the deal “tangibly shows new forms of cooperation can be built even among seemingly distant partners – at least geographically speaking.”