Google has announced a record €13bn ($15bn) investment in Finland, building a suite of AI data‑centres and securing half of the output from the nation’s Loviisa nuclear power plant.
The deal will create three fresh facilities in Kajaani, Muhos and Vaala, and expand an existing site in Hamina. It also locks in a 22‑year contract with utility Fortum that will supply Google’s power‑hungry servers with up to 50 % of the plant’s electricity.
Finnish officials hailed the move, saying the country’s cool climate, clean‑energy mix and data‑privacy laws make it an ideal data‑centre hub. Prime Minister Petteri Orpo noted that the investment could lift Finland’s GDP by €3.6bn a year and create more than 37,000 construction jobs.
Google’s chief investment officer Ruth Porat said the commitment “underlines our responsibility to grow responsibly, pairing infrastructure expansion with new energy capacity, grid upgrades and local community funds.”
The Loviisa contract gives the plant long‑term financial certainty, which in turn supports a program to extend the nuclear station’s lifespan and amplify its output.
The AI boom is driving a global race for data‑centre capacity, and Finland’s low‑carbon, plentiful grid is increasingly attracting tech giants—including TikTok’s fresh $1bn investment in 2024 for a centre in Kouvola.
