Italy, UAE, Albania Sign €1 Billion Subsea Energy Cable Deal

Project will transport green energy from Albania to Italy
Meloni sets out plan to make Italy hub for energy connections

Giorgia Meloni
Photographer: Filippo Monteforte/AFP/Getty Images

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By Donato Paolo Mancini

January 15, 2025 at 10:10 AM UTC

Updated on

January 15, 2025 at 1:09 PM UTC

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Italy, Albania and the United Arab Emirates will work together on a plan to transport electricity from Albania to Italy via an undersea cable in the Adriatic, Premier Giorgia Meloni said in Abu Dhabi.

The initiative is worth about €1 billion ($1 billion), Albanian Premier Edi Rama told reporters on Wednesday. Albania’s Deputy Prime Minister Belinda Balluku said the total value could reach €1.5 billion.