Google Pours €13 Billion into Finland's Digital Infrastructure
Google has announced its largest-ever investment in European digital infrastructure, committing €13 billion to Finland over two years. The tech giant aims to power its new investments with clean energy, signing a range of deals for nuclear and renewables sources.
The agreements include a 22-year life extension power purchase agreement (PPA) with Finnish energy company Fortum for its Loviisa nuclear power plant, which provides 10% of Finland's electricity. The deal will provide the plant with long-term revenue certainty to support its life extension program.
Google also signed new onshore wind PPAs with renewable energy company Valorem, increasing its onshore wind capacity to 629 MW. A new contracted 94 MW battery system located near its site in Kajaani is expected to be operational by late 2027.
Ruth Porat, President and Chief Investment Officer of Alphabet and Google, said: 'This investment underscores Google's commitment to grow our presence responsibly, pairing the expansion of our technical infrastructure with new energy capacity, grid enhancements, and energy affordability initiatives.'