UAE, Italy, Albania sign tripartite strategic partnership framework for cross-border green energy cooperation

In the beingness of President His Highness Sheikh Mohamed bin Zayed Al Nahyan; Her Excellency Giorgia Meloni, Prime Minister of Italy; and His Excellency Edi Rama, Prime Minister of Albania, the UAE, Italy, and Albania person signed a landmark tripartite strategical concern model to heighten practice successful renewable vigor and vigor infrastructure.

The model was signed by His Excellency Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President, and Chairman of Masdar; His Excellency Gilberto Pichetto Fratin, Italian Minister of the Environment and Energy Security; and Her Excellency Belinda Balluku, Albanian Deputy Prime Minister and Minister of Infrastructure and Energy.

Announced connected the sidelines of the High-Level Dialogue connected Grid Interconnectivity astatine Abu Dhabi Sustainability Week, the tripartite strategical concern model marks a important measurement towards enhancing vigor security, promoting sustainable development, and accelerating the modulation to cleanable vigor successful the Mediterranean region.

It outlines cardinal areas of practice betwixt the UAE, Italy, and Albania, including the deployment of gigawatt-scale renewable vigor projects successful Albania, focusing connected star photovoltaics, wind, and hybrid solutions with imaginable artillery storage. A important information of this renewable vigor volition beryllium transmitted to Italy.

Additionally, the concern volition oversee the implementation of a cross-border energy transmission interconnection linking Albania and Italy.

HE Dr. Sultan Al Jaber said, "The caller epoch of planetary interconnectivity is indispensable for gathering the committedness to triple renewable energy, thrust decarbonisation, summation vigor access, and boost economical growth.

"By leveraging the UAE's world-class expertise successful renewable energy, Albania's abundant earthy resources, and Italy's blase vigor market, we are connecting nations successful far-sighted collaboration for the improvement and sharing of renewable vigor capableness crossed the Mediterranean. The UAE is arrogant to be, erstwhile again, astatine the forefront of the planetary vigor strategy transformation."

HE Gilberto Pichetto Fratin commented, “We are precise pleased to beryllium portion of the tripartite strategical concern model aimed astatine strengthening practice with countries with large imaginable to make cost-effective renewable energy, which volition further summation Italy’s relation arsenic an vigor and renewables hub successful the Mediterranean. The concern besides elevates our collaboration with Balkan countries successful the vigor sector, which is applicable for Italy and the European Union, thereby reinforcing determination cooperation.

"This tripartite strategical concern model demonstrates that reaching the ambitious clime objectives acceptable successful Dubai during COP28 is lone imaginable done planetary coordination and greenish vigor cooperation.”

HE Belinda Balluku added, “This strategical concern is simply a momentous measurement for Albania arsenic we determination guardant with our renewable vigor ambitions. By joining forces with the UAE, a planetary person successful renewable vigor innovation, and Italy, with its precocious vigor infrastructure and marketplace expertise, we are unlocking immense imaginable for sustainable growth.

"Albania’s abundant earthy resources, coupled with the strengths of our partners, volition not lone thrust the greenish vigor modulation but volition besides make semipermanent economical and occupation opportunities. Together, we are laying the instauration for a greener, much resilient vigor aboriginal for the Mediterranean portion and beyond.”

The model follows the signing of a associated task word expanse betwixt Masdar and Korporata Elektroenergjitike Shqiptare (KESH) – Albania Power Corporation – connected the sidelines of COP29 successful November past twelvemonth to found a strategical concern to develop, construct, and run renewable vigor projects successful Albania utilising a scope of renewable technologies, including star PV, wind, and hybrid solutions, with imaginable integration of artillery storage.

In attendance were H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs; H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; HE Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor to His Highness the UAE President; and HE Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation; on with a fig of elder officials.

Follow Emirates 24|7 connected Google News.