Google has unveiled a €13 billion investment plan in Finland, marking the company's largest single capital commitment in Europe to date. The initiative is designed to bolster the infrastructure required to support the tech giant's growing artificial intelligence services, including its Gemini chatbot, as well as core platforms like Search, Maps, and YouTube.
The project involves the construction of three new data centers in Kajaani, Muhos, and Vaala, alongside an expansion of the existing facility in Hamina. According to Google, the construction phase, scheduled for 2027 and 2028, is expected to support over 37,000 jobs and contribute approximately €3.6 billion annually to the Finnish economy.
A central component of the agreement is a 22-year contract with the utility firm Fortum. Under this deal, Google will purchase up to 50% of the electricity generated by the Loviisa nuclear power plant. This partnership provides financial stability for the plant, which currently supplies roughly 10% of Finland's total electricity, and will facilitate efforts to increase the facility's generating capacity and operational lifespan.
Finland has become a strategic hub for data center development due to its cool climate, which lowers cooling costs for server hardware, and its reliable, low-carbon energy grid. Prime Minister Petteri Orpo welcomed the investment, describing it as a validation of Finland's digital infrastructure and leadership in the sector.
Ruth Porat, president and chief investment officer of Alphabet and Google, stated that the investment reflects the company's commitment to expanding its technical footprint while simultaneously investing in new energy capacity and grid enhancements. The broader initiative also includes funding for community development, education, and local biodiversity projects.
Source: BBC News
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