The New and Renewable Energy Authority (NREA) plans to build a 200-megawatt (MW) wind farm plant near the Gulf of Suez, Al Mal reported.

Feasibility studies are being conducted for the new project, in cooperation with international institutions to identify bird migration seasons and ensure environmental protection.

Investments in the project are expected to reach EGP 4 billion, according to NREA’s Chairman Mohamed El-Khayat, who also revealed that wind farm will be built by private-sector companies through international loans, but will belong the authority.

Egypt targets generating 20% of its energy mix from renewable sources by 2022, and raise this share to 42% by 2035, in line with NREA’s strategic goals.