{"id":99718,"date":"2025-01-16T00:00:00","date_gmt":"2025-01-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-italy-and-albania-ink-eur-1-bn-subsea-energy-cable-agreement\/"},"modified":"2025-01-16T00:00:00","modified_gmt":"2025-01-16T00:00:00","slug":"uae-italy-and-albania-ink-eur-1-bn-subsea-energy-cable-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/01\/16\/uae-italy-and-albania-ink-eur-1-bn-subsea-energy-cable-agreement\/","title":{"rendered":"UAE, Italy, and Albania ink EUR 1 bn subsea energy cable agreement"},"content":{"rendered":"

UAE, Italy, and Albania ink EUR 1 bn energy link pact: <\/strong>The UAE, Italy, and Albania signed a EUR 1 bn agreement to set up a subsea cable in the Adriatic to transport renewable energy from Albania to Italy, Italian PM Giorgia Meloni said<\/a> during the Abu Dhabi Sustainability Week's High-Level Dialogue on Grid Interconnectivity. <\/p>\n

Who\u2019s involved? <\/strong>The partnership involves Italian grid operator Terna<\/a> and National Energy Company (Taqa)<\/a>. The infrastructure is expected to be operational within three years, Reuters<\/a> cites Albanian Prime Minister Edi Rama as saying.<\/p>\n

Part of a wider plan: <\/strong>The three sides inked a tripartite strategic partnership framework to bolster cooperation in renewable energy and energy infrastructure yesterday, Wam<\/a> reports. <\/p>\n

What does it entail? <\/strong>Under the partnership, the three sides will cooperate on the deployment of gigawatt-scale renewable energy projects in Albania, with a focus on solar PVs, wind, and hybrid systems with potential battery storage. A significant share of the generated renewable energy will be transmitted to Italy.<\/p>\n

Back<\/strong>ground:<\/strong> The framework builds on a joint venture term sheet signed<\/a> by Masdar<\/a> and Albania state-owned Power Corporation (Kesh)<\/a> last year, to construct and operate renewable energy projects in Albania.<\/p>\n","protected":false},"excerpt":{"rendered":"

The infrastructure is expected to be operational within three years<\/p>\n","protected":false},"author":1,"featured_media":99719,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1795],"tags":[143,7,991,211],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-energy","tag-enterpriseam-uae","tag-italy","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"024f4f41-23ff-49ec-9503-d2a32513d7cd","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1031.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE, Italy, and Albania ink EUR 1 bn subsea energy cable agreement","related_issue":[99711],"teaser":"The infrastructure is expected to be operational within three years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.97ff2988-b0ee-4f37-8b04-6be54362f786.mp3"},"yoast_head":"\nUAE, Italy, and Albania ink EUR 1 bn subsea energy cable agreement - 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