The Bank of Cape Verde has published an update on environmental, social and governance related measures being integrated into its internal operations, highlighting the inauguration of a solar photovoltaic park and the installation of two electric vehicle charging points at its headquarters on 9 May 2025. The rooftop solar installation has an installed capacity of 161.8 kWp and comprises 238 panels, with inverters and advanced monitoring systems to track building energy production and consumption in real time. The Bank reports an average monthly reduction in energy consumption of 40%, with an estimated investment payback period of 3 years and 5 months. With average daily energy consumption of 2.09 MWh, the solar park contributes an average daily production of 862.66 kWh and an average monthly output of 18.86 MWh, reaching 79.91 MWh of cumulative production to date and enabling full energy autonomy during peak production hours on weekends. The project is also expected to avoid approximately 124.84 tonnes of CO2 emissions annually. As part of the same plan, two semi-fast EV charging stations with a combined capacity of 88 kW have been installed, aligned with the National Electric Mobility Policy, alongside changes to the Bank’s fleet policy including the purchase of an electric service vehicle and plans to acquire more. The Bank also points to additional initiatives including investments in sustainable financial instruments within foreign reserves management, the acquisition of a banknote and coin destruction machine intended to reduce its ecological footprint, energy optimisation through smart plugs, occupancy sensors and efficiency upgrades to IT equipment, ongoing tuning of the building’s central technical management system, and measures to cut plastic use such as replacing disposable cups with glass and significantly reducing PET bottles in line with Law No. 22/X/2023 on single-use plastics.
Bank of Cape Verde 2025-05-09
Bank of Cape Verde inaugurates a 161.8 kWp solar photovoltaic park and deploys EV charging stations as part of its internal sustainability plan
The Bank of Cape Verde has integrated environmental, social, and governance measures, inaugurating a solar photovoltaic park and installing electric vehicle charging points. The solar installation, with a capacity of 161.8 kWp, has reduced energy consumption by 40% and is expected to pay back in 3 years and 5 months. Additional initiatives include investments in sustainable financial instruments, energy optimization, and reducing plastic use.