Engineering group Siemens has announced the installation of a 250-megawatt renewable energy plant in Egypt's Gulf of Suez on the Red Sea coast, Reuters has reported, citing Egypt's state news agency. The report did not mention further details concerning the project. Egypt has wind farms at Zafarana and Hurghada in the area, and has so far installed capacity of 430 megawatts of wind energy. The country expects to see its wind power capacity reach 7,200 megawatts by 2020 and is already boosting the capacity to 550 megawatts by May.