Google Invests €13bn in Finland’s Largest AI Infrastructure Project
Google will buy up to half the electricity produced by the Loviisa nuclear power plant as part of a record €13bn ($15bn) investment in Finland’s AI infrastructure.
The package will fund three new data centres, expand an existing site and support energy projects that power growing demand for AI services.
“This is Google’s largest single investment in Europe and a testament to Finland’s leadership in responsibly building AI infrastructure,” the company said.
Finland’s Prime Minister Petteri Orpo hailed the move as a “clear testament to our strengths.”
Under the deal, Google signed a 22‑year contract with utility Fortum to buy 50% of Loviisa’s output.
Earlier this week, TikTok announced a $1bn investment for a new data centre in Kouvola, citing Finland’s strong digital infrastructure and clean‑energy mix.
Finland is an attractive data‑centre hub thanks to its cool climate, low‑carbon electricity and a relatively uncongested power grid that reduces cooling energy for servers.
Technology firms are racing to secure power supplies as AI demand drives a boom in data‑centre networks.
The investment is expected to create more than 37,000 construction jobs and boost Finland’s GDP by €3.6bn annually, with construction slated for 2027‑28.
Google will build new centres in Kajaani, Muhos and Vaala, and expand the existing facility in Hamina, a former paper mill turned data centre since 2009.
These sites will support AI products such as Gemini, as well as search, Maps and YouTube services.
Google also earmarked funds for clean‑energy projects, nature and community initiatives to support local biodiversity, education, research and workforce development.
“We are proud to deepen our roots in Finland,” said Ruth Porat, President and Chief Investment Officer of Alphabet and Google.
“This investment underscores our commitment to responsible growth, pairing technical expansion with new energy capacity, grid upgrades and affordability initiatives.”
Alphabet’s global spending plan was raised to $205bn earlier in the year to expand computing capacity for AI services.
The Fortum agreement provides long‑term financial certainty for the Loviisa plant, which currently generates about 10% of Finland’s electricity.
Fortum said the partnership will fund a programme aimed at extending the nuclear station’s life and boosting its generating capacity.
