Google has signed a power purchase agreement to acquire 507 megawatts of nuclear capacity in Finland.

Google has signed a 22-year power purchase agreement with Finnish energy company Fortum to purchase 507 MW of nuclear power from the Loviisa Nuclear Power Plant. This is Finland's first PPA for nuclear-generated electricity and the largest single PPA the country has seen. The Loviisa facility currently supplies about 10% of Finland's electricity consumption, and the extended 22-year contract term is intended to prevent the plant's planned decommissioning in 2030.

The agreement reflects accelerating data center demand in Finland. Rystad Energy forecasts that installed data center capacity will grow from 0.8 GW in 2026 to 5 GW by 2035. By 2030, data centers are projected to consume roughly 15% of the country's total electricity and emerge as the primary source of new demand. Analysts attribute Finland's appeal for such facilities to abundant, affordable onshore wind generation, a robust power grid, low-emission energy production, and a cold climate that reduces cooling requirements.

Data center operators have already surpassed manufacturing and industrial companies in electricity procurement volumes. For context, Amazon signed a 367 MW agreement with OX2 for the Rajamäenkylä wind project—Google's 22-year contract term is more than twice as long as the largest onshore wind and solar agreements signed in 2025–2026.

Rystad Energy expects future contracts to increasingly pair wind and solar generation with energy storage systems, enabling a more stable supply profile for data centers. However, grid capacity may emerge as a constraint. Finland is evaluating a shift from its current connection queue system to a priority-based procedure for new local generation sources and guaranteed supplies outside the country's congested southern region.