Junior Achievement-Young Enterprise (JA-YE Norway), CARE and Norwegian Church Aid to receive million kroner support from the Statkraft Fund

14.08.2009 08:00 | pressrelease

Statkraft has awarded Ungt Entreprenørskap (Junior Acheivement – Young Enterprise (JA-YE Norway), CARE and Norwegian Church Aid a total of NOK 3 million from the Statkraft Fund.

"The recipients are active within areas which are important to Statkraft – namely the development of sustainable environment and energy solutions. These organisations provide a significant contribution to a development which provides more people with a bright future, CEO Bård Mikkelsen of Statkraft says.

JA-YE Norway will receive NOK 1.5 million from the Statkraft Fund for the SMARTer Energy project. The goal is to have 10,000 mid-level primary and lower secondary school pupils thinking outside the box, developing new opportunities and creating solutions in connection with cleaner energy and sustainable development for the 2009/2010 academic year.

The aid organisation CARE will receive NOK 1 million from the Statkraft Fund towards its work with climate-adapted projects. CARE will use the funds to create savings and loans groups, provide training in development and operation of climate-adapted solutions, as well as influencing local and national authorities in countries where CARE operates.

Norwegian Church Aid will receive NOK 500,000 from the Statkraft Fund towards its 2009 Water Programme. The funds will be used to develop water projects in villages and areas where the lack of clean water is acute. The effort will contribute to reducing poverty, strengthening public health and preventing conflicts.

In addition, the Ny-Ålesund Symposium will receive NOK 2 million from the Statkraft Fund, following a previous allocation. The symposium gathers scientists, politicians and business leaders from all over the world for discussions on climate and the environment under the Arctic skies of Svalbard.

The Statkraft Fund was established to support socially beneficial causes. The fund awards up to NOK 5 million each year to non-profit organisations, foundations, etc., after receiving an application from the organisation or on the initiative from the Statkraft management

Statkraft is Europe's largest renewable energy company. The Group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European power exchanges. Statkraft also develops marine energy, osmotic power, solar power, and other innovative energy solutions. Through the ownership of other companies, Statkraft supplies energy and heating to more than 600,000 customers in Norway. In 2008 Statkraft posted gross operating revenues of EUR 3.1 billion (NOK 25 billion). The group employs 3,000 staff in more than 20 countries.