Italy, Albania and the United Arab Emirates (UAE) have signed a cooperation deal valued at a minimum of €1bn ($1.02bn) to establish a subsea interconnection to import renewable energy across the Adriatic Sea, as reported by Reuters.

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.

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.

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,

Italy, Albania and UAE ink clean energy cooperation deal View on euronews