Italy, Albania and the UAE have signed a deal valued at at least €1bn ($1.02bn) to establish a subsea interconnection across the Adriatic.

Italy, Albania and the United Arab Emirates (UAE) signed on Wednesday a deal worth at least 1 billion euros ($1 billion) to build a subsea interconnection to import renewable energy across the Adriatic Sea.

Italy, Albania and the United Arab Emirates have signed a three-way clean energy cooperation deal. It calls for the Gulf country’s expertise to be put to use in Albania to produce solar, wind and other renewable energy,

Albania, Italy and the United Arab Emirates (UAE) signed an agreement on January 15 on a project valued at around €1bn to build a subsea interconnection to facilitate the transfer of renewable energy across the Adriatic Sea.

Strategic partnership aims to boost cooperation between 3 countries in fields of renewable energy and energy infrastructure - Anadolu Ajansı

Italy, Albania and the United Arab Emirates signed on Wednesday a deal worth at least 1 billion euros ($1 billion) to build a subsea interconnection for renewable energy across the Adriatic Sea. "We strongly believe in this project involving our three governments,