The Bui Power Authority (BPA) recorded a net profit of US$66.2 million in 2025, as the government positions the Authority to lead Ghana’s push to achieve at least 10% renewable energy penetration in the national electricity generation mix by 2030.
The Authority generated US$145.9 million in revenue during the year, while total energy output reached 1,438GWh, exceeding its projected target of 1,350GWh by 6.5%.
The figures were announced by BPA Chief Executive Officer, Ing. Kow Eduakwa Sam, at the Authority’s 2025 Annual Stakeholders Meeting in Accra.
The strong financial and operational performance comes as government increases its focus on renewable energy, with Energy and Green Transition Minister, Dr John Abdulai Jinapor, charging the BPA to spearhead Ghana’s clean energy expansion. According to Dr Jinapor, all institutions within the energy sector must align their programmes and investments with the national objective of increasing renewable energy capacity and strengthening energy security.
BPA expands solar capacity
BPA increased its installed Solar Photovoltaic capacity from 55MWp to 105MWp in 2025, strengthening its renewable energy portfolio alongside its 404MW hydropower capacity.
Hydropower remained the Authority’s dominant source of generation, accounting for 1,339GWh, or 97% of total energy generated during the year.
The Authority also expects to add approximately 100MWp of additional solar capacity, which would increase its operationalised solar capacity to about 205MWp.
Beyond this, BPA plans to develop 300MWp of dispatchable solar PV plants integrated with large-scale Battery Energy Storage Systems (BESS), targeted for completion by the end of 2028.
The projects are expected to support Ghana’s broader energy transition by increasing renewable generation while improving grid stability and the reliability of electricity supply.
Government backs renewable expansion
Dr Jinapor said government has established the policy and regulatory framework required to accelerate investment in clean energy.
These include the Renewable Energy Master Plan, amended Renewable Energy Act and National Energy Transition Framework. He also identified the completion of additional phases of the solar programme at the Bui Generating Station, the 50MWp Yendi Solar Project, and new solar facilities with battery storage in parts of northern Ghana as priorities. The Government expects the ongoing 145 MWp solar projects to become operational this year.
Financial performance faces cash-flow constraints
Despite its positive financial performance, BPA says cash-flow constraints remain a challenge to its expansion plans.
Ing. Sam said high outstanding receivables owed by the Authority’s major off-taker continue to affect BPA’s ability to fully finance its growth agenda and critical operational activities. The Authority, however, maintained an average 95% availability rate at the Bui Hydroelectric Plant during 2025.
It also advanced feasibility studies for proposed hydropower projects on the Tano, Pra and Ankobra rivers, alongside investments in infrastructure and digital transformation. With Ghana’s renewable energy contribution still relatively low when large hydropower is excluded, the expansion of BPA’s solar portfolio and planned battery storage projects will be critical to achieving the government’s 2030 renewable energy target.