The Hydropower Environmental Fund – SEK 10 Billion investment over a period of 20 years to achieve improved environmental quality in the hydropower industry

Fortum, Jämtkraft, Mälarenergi, Skellefteå Kraft, Statkraft, Tekniska verken i Linköping, Uniper and Vattenfall, together representing 95 procent av the Swedish hydropower industry, have agreed to establish a jointly owned company, Vattenkraftens Miljöfond (the Hydropower Environmental Fund), and to invest SEK 10 Billion during a period of 20 years to achieve improved environmental quality in the Swedish hydropower industry. Vattenkraftens Miljöfond will be one of the major financing sources for environmental investments in Sweden. The basis for the project is the political agreement relating to the Swedish energy sector (“Energiöverenskommelsen”) of 2016 where it was resolved that the hydropower industry should be fully responsible for financing the costs for aligning the Swedish hydropower plants to modern environmental regulatory requirements.

Mannheimer Swartling has been legal adviser in the project. Mannheimer Swartling’s team included lawyers from a number of practice groups, such as Corporate Commercial, Environment, EU and Competition and Corporate Taxation.


This website uses cookies to perform certain functions and help you navigate the site efficiently. A cookie is a text file with a small amount of information that is stored on your device. We share some of the information we obtain through these cookies with third parties. We only use cookies that are necessary for the site to function correctly and they therefore cannot be turned off. For further information, see Information on the use of cookies.