Italy Albania UAE Forge Landmark Green Energy Alliance Worth €1 Billion
In a groundbreaking move that reshapes Europe’s energy landscape, Italy Albania UAE have joined forces in a transformative clean energy partnership.
The €1 billion deal, signed Wednesday, leverages the UAE’s renewable energy expertise to develop solar and wind projects in Albania. The clean power will ultimately flow to Italian homes and businesses through an innovative underwater cable system.
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The partnership comes at a crucial moment when global energy needs are surging, driven mainly by the growing power demands of AI technologies. Italian Premier Giorgia Meloni, speaking from Abu Dhabi, emphasised the practical approach to meeting these challenges while staying true to climate commitments. “The future of energy transition and digitisation will depend on our ability to strike a balance between sustainability and innovation,” she noted, highlighting nuclear fusion’s potential role in the energy mix.
This landmark agreement deepens ties between the three nations, with Sultan al-Jaber, the UAE’s minister of industry and technology, highlighting how the partnership advances the global goal of tripling renewable energy capacity. While some might see these as unlikely partners given their geographical distances, the collaboration demonstrates how Italy, Albania and the UAE are pioneering new models of international cooperation in the fight against climate change.
