In brief
Alphabet’s Alphabet subsidiary Google announced a €13bn ($15bn) investment in Finland, earmarked for three new data centres and an expansion of an existing hub. The deal includes a 22‑year contract to purchase up to 50% of the Loviisa nuclear power plant’s output, reinforcing the region’s clean‑energy supply for growing AI workloads. Construction is slated for 2027‑28, promising 37,000 jobs and a €3.6bn GDP boost for Finland. The move follows TikTok’s $1bn data‑centre push in the country, underscoring Finland’s appeal for low‑carbon, high‑capacity data infrastructure.
Google announced a record €13bn ($15bn) investment in Finland, earmarking funds for three brand‑new data centres, an expansion of its existing Hamina site, and a long‑term purchase of up to half the electricity produced by the Loviisa nuclear plant.
The 22‑year contract with utility Fortum ensures a stable, low‑carbon power supply to meet the energy demands of AI services such as the Gemini chatbot, Search, Maps and YouTube.
Finland’s Prime Minister Petteri Orpo highlighted the country’s role in responsible AI infrastructure, noting the partnership will create 37,000 construction jobs and add €3.6bn to the nation’s GDP annually.
The new facilities will be built in Kajaani, Muhos and Vaala, while the Hamina site will be upgraded from its former paper‑mill conversion in 2009.
Finland’s cool climate, low‑carbon electricity mix and spacious grid make it a magnet for data‑centre operators, a trend that has also attracted TikTok’s $1bn investment in Kouvola.
Alphabet’s investment, announced amid a broader global push for AI compute, signals a strategic focus on sustainable, energy‑efficient data infrastructure that aligns with Europe’s green‑tech ambitions.
