Google to invest at least €13 billion in Finnish AI infrastructure

  • Google plans at least €13 billion for Finnish AI infrastructure in 2027 and 2028.
  • Google's 22-year Fortum PPA secures up to 50% of Loviisa capacity from 2030 to 2049.
  • Google plans three new data centers and an expansion of its Hamina facility.

Google plans to invest at least €13 billion, or about $15.1 billion, in Finnish AI, data-center and power infrastructure in 2027 and 2028, its largest single European investment. The program includes new data centers in Kajaani, Muhos and Vaala, an expansion of the existing Hamina site, grid upgrades, clean-energy projects and local community initiatives. The facilities are intended to support Gemini, Search, Maps and YouTube. Google also signed a 22-year power-purchase agreement with Fortum that will provide nuclear electricity equivalent to up to 50% of Loviisa's generating capacity from 2030 through 2049, marking its first nuclear-power agreement outside the United States. Google estimates the wider construction program will support more than 37,000 jobs and add €3.6 billion annually to Finland's GDP during construction. Finland's cold climate, relatively uncongested grid and nuclear-heavy power system, which generated 39% of national electricity in 2024, have strengthened its appeal for hyperscale data centers as technology companies compete for reliable power supplies.

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