For each Megawatt-hour sold as EKOenergy hydropower, a contribution of at least 0.10 euro (ten eurocents) is paid into the EKOenergy Environmental Fund. The money from the EKOenergy Environmental Fund is used to finance the implementation of river restoration projects.
The financed projects are not managed by EKOenergy. EKOenergy wants to support existing dynamics and join existing initiatives. The money of the Environmental Fund can also, for example, be used to co-finance projects supported by the authorities.
Projects of 2015
Early 2015, we had collected 52,000 euro in the Environmental Fund. This money originates from the sales of EKOenergy labeled hydropower in 2014, and from some extra donations. Eleven organisations reacted to our Call for Projects. We asked for projects from Northern Europe, as this is where our labeled hydropower has been produced and sold in 2014. An independent jury helped us to select the four most suitable projects. The money will be given to projects in Central Finland (23,000€), South-West Finland (15,000€), South-East Finland (10,000€) and Latvia (4,000€). Click here for more information. We will keep you informed about the implementation of the projects.
Based on experience
The idea of an Environmental Fund is not new. It has been copied from the Nordic countries, where similar funds have existed since the beginning of this century. In Finland, money originating from the sales of ecolabelled hydropower has been invested in building fish passages and in restoring spawning grounds of migratory fish. Click here for projects funded by the predecessor of the EKOenergy Environmental Fund.