The Statkraft Fund

In 2009, the Statkraft Fund awarded funds to Young Entrepreneurship, CARE Norway and Norwegian Church Aid.

What is the Statkraft Fund?

The Statkraft Fund has been established to support socially beneficial purposes. The Fund awards disburses up to NOK 5 million annually to volunteer organisations, foundations or similar upon application from the recipient or initiative from Statkraft's management.

Recipients in 2009

The recipients of the Statkraft Fund 2009 are active in areas important to Statkraft – namely the development of sustainable energy and environmental solutions.

Ungt Entreprenørskap (Young Entrepreneurship)

Young Entrepreneurship received NOK 1.5 million from the Statkraft Fund for its project "SMARTere energi". The objective is to get 10 000 mid-level primary school pupils to think new, develop opportunities and create solutions related to the topics cleaner energy and sustainable development in the school year 2009/2010.

CARE Norway

The aid organisation CARE Norway received NOK 1 million for its work in climate-adapted projects. CARE Norway will use the money to establish microfinancing groups, and offer training in development and operation of climate-adapted solutions.

Norwegian Church Aid

Norwegian Church Aid received NOK 0.5 million for the Water Program in 2009. The awarded funds will be spent on development of water projects in villages and areas where lack of clean water is critical.

The Ny-Ålesund Symposium

In addition, the Ny-Ålesund Symposium received NOK 2 million from the Statkraft Fund as a result of an earlier allocation. The symposium gathers researchers, politicians and business leaders from all over the world to discuss climate and environmental issues under the Arctic skies of Svalbard.