The United Arab Emirates (UAE) has taken a bold step in its quest to become a global leader in renewable energy, signing a landmark agreement with TAQA Transmission and Eni to bolster the tripartite energy partnership between the UAE, Italy, and Albania. The deal, inked by the CEOs of the respective companies, Mohamed Jameel Al Ramahi, Jasim Husain Thabet, and Claudio Descalzi, sets the stage for a long-term power off-take agreement in Italy, underpinned by renewable energy generated in Albania and transmitted via a cross-border interconnection.
This initiative is more than just a business deal; it’s a strategic maneuver that could reshape the energy landscape of the Mediterranean region. By leveraging Masdar’s expertise in renewable energy, TAQA’s prowess in high-voltage transmission infrastructure, and Eni’s leadership in European energy markets, the partnership aims to deploy cutting-edge solutions at a gigawatt scale. This is not just about energy; it’s about creating skilled jobs, fostering sustainable development, and delivering affordable, reliable clean energy to communities.
The agreement, signed in the presence of UAE President Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni, underscores the political will and diplomatic effort behind this initiative. It’s a testament to how geopolitical alliances can drive innovation and sustainability. The initiative is part of a broader strategic partnership between the UAE, Italy, and Albania, with Masdar and TAQA Transmission representing the UAE, and Albania Power Corporation and OST representing Albania. Eni, with its extensive experience in the European energy market, is the preferred potential off-taker for the renewable energy generated under this partnership.
Masdar CEO Mohamed Jameel Al Ramahi’s statement captures the essence of this initiative: “Building on our existing collaborations across the Mediterranean, today’s agreement will pave the way to Masdar increasing its presence in the region.” This is not just about increasing presence; it’s about integrating expertise to drive innovation and sustainability. Al Ramahi’s words echo the broader vision of the UAE to become a global leader in renewable energy, a vision that is increasingly becoming a reality.
Eni CEO Claudio Descalzi’s statement further emphasizes the significance of this initiative: “Cross-border energy collaboration plays an increasing role in energy security as it can promote the use of cleaner and more sustainable energy vectors.” This agreement is a testament to how cross-border collaborations can unlock new pathways towards energy transition. It’s a clear indication of how the energy sector is evolving, with sustainability and security at its core.
The timing of this agreement, signed at Abu Dhabi Sustainability Week 2025, is significant. It underscores the UAE’s commitment to enhancing energy security, promoting sustainable development, and accelerating the energy transformation in the Mediterranean region. This initiative could set a precedent for similar collaborations in the future, driving the global energy transition.
The UAE’s recent collaboration with TotalEnergies and EPointZero to boost clean energy access in Africa and Asia further solidifies its position as a key player in the global energy transition. This collaboration, following a meeting between UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron, aims to enhance sustainable electricity provision and explore new clean energy opportunities. It’s a clear indication of how the UAE is leveraging its strategic partnerships to drive innovation and sustainability.
The UAE’s initiatives in the energy sector are not just about energy; they’re about shaping the future. They’re about creating a sustainable world where energy is clean, reliable, and affordable. This initiative, with its focus on cross-border collaboration and innovation, could set a new benchmark for the energy sector. It’s a bold step towards a sustainable future, and it’s a step that the world is watching.
