구글은 핀란드에서 차세대 AI 인프라 개발을 지원하기 위해 130억 유로를 투자하고, 전용 전력 구매 계약(PPA)을 체결한다.
Google has announced a record €13 billion (£11 billion; $15 billion) investment in Finland’s AI infrastructure, marking its largest single investment in Europe. As part of the deal, the company will secure up to half the electricity generated by the Loviisa nuclear power plant through a 22-year agreement with Finnish utility Fortum. The funding will finance three new data centres, expand an existing facility, and support energy projects designed to meet surging AI demand.
“This is Google’s largest single investment in Europe and a testament to Finland’s leadership in responsibly building AI infrastructure,” the company said. Finland’s Prime Minister Petteri Orpo responded, “Google’s decision is a clear testament to our strengths.” He added that deepening collaboration with Google would deliver lasting benefits for both parties, noting that “the value of the data economy extends far beyond direct investment into spurring innovation, research and development.”
Under the plan, Google will construct new data centres in Kajaani, Muhos, and Vaala, while expanding its existing facility in Hamina. The Hamina site was established in 2009 after converting a former paper mill. The expanded infrastructure will support core services including Search, Maps, and YouTube, alongside AI products such as the Gemini chatbot.
Google estimates the project will create more than 37,000 jobs during construction, which is scheduled for 2027 and 2028, and boost Finland’s GDP by €3.6 billion annually. The investment also encompasses clean energy initiatives, along with dedicated nature and community funds aimed at supporting local biodiversity, education, research, and workforce development.
“Google is proud to deepen our roots in Finland,” said Ruth Porat, president and chief investment officer of Alphabet and Google. She emphasized that the investment underscores the company’s commitment to responsible growth, “pairing the expansion of our technical infrastructure with new energy capacity, grid enhancements, and energy affordability initiatives.” Earlier this year, Alphabet raised its global capital expenditure plans to as much as $205 billion to scale computing capacity for AI services.
The announcement follows similar moves by other technology firms targeting Finland. Earlier this week, TikTok pledged a $1 billion investment to build a new data centre in Kouvola, citing the country’s strong digital infrastructure, clean energy mix, robust data governance, and skilled tech talent. Finland has become a preferred destination for data centres due to its cool climate, abundant low-carbon electricity, and relatively uncongested power grid. Lower ambient temperatures significantly reduce the energy required to cool server-heavy facilities.
Technology companies worldwide are racing to secure reliable power supplies as the AI boom drives unprecedented demand for large-scale data centre networks. The long-term power purchase agreement with Fortum provides financial certainty for the Loviisa plant, which currently supplies approximately 10 percent of Finland’s electricity. Fortum stated that Google’s commitment will underpin an investment programme focused on extending the station’s operational lifespan and increasing its generating capacity.