Masdar, TAQA and Eni to boost UAE/ Italy/Albania energy co-operation

The United Arab Emirates (UAE)-based Abu Dhabi Future Energy Company (Masdar) has signed an agreement with TAQA Transmission and Eni to advance the tripartite energy partnership framework between the UAE, Italy and Albania.

The agreement, formalised by Mohamed Jameel Al Ramahi, CEO of Masdar, Jasim Husain Thabet, CEO of TAQA Group, and Claudio Descalzi, CEO of Eni, outlines the creation of a collaborative framework to establish a long-term power off-take agreement in Italy.

This will support the renewable energy capacity to be produced in Albania and transmitted via the cross-border interconnection between Albania and Italy.

This agreement was signed in the presence of UAE President Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni.

The initiative is part of a broader strategic partnership between the UAE, Italy and Albania.

Masdar and TAQA Transmission are the designated entities from the UAE, while the Albania Power Corporation and OST are the designated entities from Albania.

Eni has been identified as the preferred potential off-taker for the renewable energy generated under the partnership.

Masdar CEO Mohamed Jameel Al Ramahi stated: “Building on our existing collaborations across the Mediterranean, today’s agreement will pave the way to Masdar increasing its presence in the region. By integrating TAQA’s expertise in high-voltage transmission infrastructure and Eni’s leadership in European energy markets, we are uniquely positioned to deploy cutting-edge solutions at gigawatt scale.

“As a trusted partner in Europe’s energy transformation, Masdar remains committed to fostering sustainable development, creating skilled jobs and delivering affordable, reliable clean energy to communities.

The tripartite strategic partnership, signed at Abu Dhabi Sustainability Week 2025, which took place from January 12 to January 18, aims to enhance energy security, promote sustainable development and accelerate the energy transformation in the Mediterranean region.

Eni CEO Claudio Descalzi stated: “Cross-border energy collaboration plays an increasing role in energy security as it can promote the use of cleaner and more sustainable energy vectors. With this agreement, we leverage industrial excellence and market leadership.

“Thanks to our strong relationship with our partners in UAE and Albania, we can unlock new pathways towards energy transition."

Masdar, TotalEnergies and EPointZero have recently signed a framework for action agreement to boost clean energy access in Africa and Asia.

Following a meeting between UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron, the collaboration aims to enhance sustainable electricity provision and explore new clean energy opportunities.