Google to invest $15 billion in AI infrastructure in Finland
- On Wednesday, Google announced a €13 billion investment in Finnish artificial intelligence infrastructure, marking the company's largest single European project. The initiative expands operations in Hamina and establishes new data centers in Kajaani, Muhos, and Vaala.
- Finland's cold climate and abundant low-carbon electricity attract major tech firms, with two-thirds of new European data center capacity shifting to the Nordics. Google has operated in Hamina since 2009, building on 15 years of sustained investment.
- Supporting this expansion, Google secured a 22-year power purchase agreement with Fortum for the Loviisa nuclear plant, alongside 629MW of new onshore wind capacity. A 94MW battery system near Kajaani will strengthen grid balancing by late 2027.
- The investment is projected to contribute $3.6 billion to Finland's GDP during construction and support 7,000 ongoing jobs once operational. Alphabet and Google expect the project to support more than 37,000 construction-related jobs through 2028.
- Google allocated €31 million for local community initiatives, including training for more than 4,400 workers and 100 students over one year. Additionally, Google and Fortum signed a memorandum to explore developing future nuclear capacity and energy flexibility.
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229 Articles
The US internet giant is shelling out nearly 100 billion kronor into three new data centres and will tap up to half the power produced by one of Finland's nuclear power plants.
Alphabet, Google's mother company, expands its presence in Europe and signs its first agreement from outside the US for nuclear energy procurement. An investment of at least 13 billion euros (15.1 billion dollars) will be directed in the next two years in the artificial intelligence infrastructure (AI) in Finland, announced the technological giant, ...
'Largest Europe investment': Google to invest nearly $15 billion in AI Infrastructure in Finland
Google is set to pour $15.1 billion into Finland within the next two years, creating three new data centres while upgrading an existing facility. This strategic move takes advantage of Finland's chilly climate and renewable energy resources. Partnering with Fortum, Google has secured a long-term nuclear power contract, promising to generate thousands of jobs and significantly enhance the Finnish economy.
Google is investing 13 billion euros in Finland to expand its AI data centers and power infrastructure. It has signed a long-term contract to receive up to 50% of the electricity from Finland's Lovisa nuclear power plant starting in 2030, which is analyzed as a strategic move in response to intensifying competition to secure stable power, a key component of AI infrastructure.
Google has announced a plan to expand AI data centers and buy massive amounts of nuclear energy. Finland's security services have learned of there are risks,
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