Google Announces €13 Billion Investment in Finnish AI and Nuclear Power
Google has revealed a €13 billion investment in artificial intelligence infrastructure in Finland. This includes a 22-year agreement to source 50% of electricity from the Loviisa nuclear power plant.
Sources
Google announced a €13 billion ($15.1 billion) investment in AI infrastructure in Finland, which includes a buyout of 50% of energy from a nuclear power plant over the next 22 years. The investment aims to boost Finland's GDP by €3.6 billion and create 37,000 jobs, with 7,000 permanent positions, as part of its larger $200 billion global investment strategy. This deal marks Google's largest investment in the EU to date and reflects Finland's attractive energy resources and supportive government policies for data center growth.
Google is investing €13 billion ($15 billion) in Finland’s AI infrastructure, which includes a 22-year contract to purchase up to 50% of electricity from the Loviisa nuclear power plant. The investment is projected to create over 37,000 jobs during construction and contribute €3.6 billion annually to Finland's GDP, with construction slated for 2027 and 2028. Google plans to build new data centers in Kajaani, Muhos, and Vaala, expanding an existing site in Hamina, while also focusing on clean energy projects and community support.