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.

ABU DHABI (Reuters) - 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.