Alphabet Unveils $14 Billion Finnish Expansion Drive
Alphabet, the parent company of Google, is investing at least €13 billion in Finland over two years. The investment will go towards building data centers, energy storage, and network infrastructure.
The project includes building at least three data centers in Kajaani, Muhos, and Vaala, as well as expanding its Hamina facility. This expansion is driven by the fact that Finland's cold climate reduces cooling needs, while carbon-free electricity supports cleaner computing expansion.
Google's Chief Investment Officer Ruth Porat stated, 'Google is proud to deepen our roots in Finland with the company's largest single investment in Europe.' The project could support more than 37,000 Finnish jobs during construction and approximately 7,000 once operational.
The investment also includes a new wind-power agreement and a 94-megawatt battery-storage system at its Kajaani site. Finnish utility Fortum has signed a 22-year power-purchase agreement with Google covering 2030 through 2049.