Alphabet’s Google said Wednesday it will invest at least €13 billion ($15.1 billion) in AI infrastructure in Finland over 2027 and 2028, its largest single European investment, according to Reuters, Bloomberg, and CNBC. The build-out covers three new data centers in the country’s north plus supporting grid and clean-energy work, and expands Google’s existing Hamina campus. Google Cloud’s press release named Hamina, Kajaani, Muhos, and Vaala as investment sites.
The package includes Google’s first nuclear power purchase outside the United States. Fortum said it signed a 22-year agreement for up to 50% of output from the Loviisa plant near Hamina, supporting a lifetime extension through 2050, Reuters reported. Google President and Chief Investment Officer Ruth Porat called the approach “BYOP, bring your own power.” Fortum shares jumped about 15.5% on the news. The companies also plan to explore new nuclear and renewables, including optimizing a 94 MW battery next to a planned Kajaani data center.
Finland’s cool climate and low-carbon grid have drawn hyperscalers seeking capacity as Europe’s power and land tighten. Alphabet this year raised planned global capital spending to between $195 billion and $205 billion. Google said the Finland program should add about €3.6 billion to Finnish GDP during construction and support roughly 7,000 jobs once sites are running. Prime Minister Petteri Orpo said the country has enough electricity and that Google is committed to keeping supply and prices under control.
The deal lands as Microsoft, ByteDance, and other cloud and AI operators also hunt Nordic sites for energy-heavy AI campuses.