Google will invest 13 billion euros ($15.1 billion) in AI infrastructure in Finland, its largest single investment in Europe. This capital will be deployed through 2028 and will fund data centers and related energy projects.
Finland has emerged as a significant location for data centers supporting the AI boom. The country offers available land and power, which are in short supply across much of Europe. Several other data center projects have been announced in Finland recently, including investments from Pure DC and Arcem, and Nebius's plans for an AI factory.
As part of the investment, Google signed a 22-year power purchase agreement with Finnish energy company Fortum. Google also stated it would collaborate with Fortum to identify new business models for potential new nuclear reactors at the Loviisa site in Southern Finland.
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Google announced a 13 billion euro ($15.1 billion) investment in AI infrastructure in Finland, marking its largest single investment in Europe. This capital will be deployed through 2028 for data centers and energy projects, including a 22-year power purchase agreement with Fortum, as Finland becomes a key location for AI data centers due to available land and power.