Google Pours €13bn Into Finland AI Infrastructure — SkimNews
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- Google announced a €13bn (£11bn; $15bn) investment in Finland, calling it the company's largest single investment in Europe, to fund three new data centers and expand its existing Hamina site.
- The deal includes a 22-year contract with Fortum to purchase up to 50% of output from the Loviisa nuclear power plant, which currently generates about 10% of Finland's electricity, with Fortum set to use the revenue to extend the plant's life and increase capacity.
- New data centers will be built in Kajaani, Muhos, and Vaala, with construction scheduled for 2027–2028, alongside clean-energy projects and community funds.
- Google projects the investment will support more than 37,000 jobs during construction and add €3.6bn annually to Finland's GDP, per the company.
- Alphabet has raised global spending plans to as much as $205bn this year to expand AI computing capacity, and the new Finnish infrastructure will help support Gemini, Search, Maps, and YouTube.
- TikTok separately announced a $1bn investment this week to build a data center in Kouvola, Finland, citing the country's clean energy mix and tech talent.
Why it matters: Google gains long-term energy certainty through its 22-year Fortum contract — locking in nuclear baseload power at a moment when the AI boom has tech companies racing to secure electricity — while Finland cements its status as a European hyperscaler hub thanks to its cool climate, low-carbon grid, and now back-to-back billion-euro commitments from Google and TikTok.
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