Google Lands EUR 13 Billion Finnish AI Infrastructure Deal

Google has announced a record-breaking EUR 13 billion investment in Finland to expand its artificial intelligence infrastructure. The investment will support the construction of three new data centers and an expansion of Google's existing facility in Hamina. This is described as Google's largest single investment in Europe, expected to contribute about EUR 3.6 billion annually to Finland's GDP.

The deal also includes a 22-year agreement between Google and Finnish utility Fortum to purchase up to 50 percent of the electricity generated by the Loviisa nuclear power plant. This plant currently produces about 10 percent of Finland's electricity, with the agreement providing financial support for extending its operating life and increasing generation capacity.

The construction of new data centers in Kajaani, Muhos, and Vaala is scheduled for 2027 and 2028. The expansion will provide computing capacity for Google services including Gemini, Search, Maps, and YouTube. Finland's low-carbon electricity supply, cool climate, and relatively uncongested power grid have attracted major technology investments.