Alphabet’s Google will invest at least €13 billion ($15.1 billion) in AI infrastructure in Finland over the next two years — its biggest European investment — including a major nuclear power purchase, the company said Wednesday.
The build-out covers three new data centers in northern Finland, where winter temperatures can plunge well below −10°C (14°F). Google’s President and Chief Investment Officer Ruth Porat called the approach “BYOP, bring your own power,” and said it is Google’s first nuclear energy deal outside the United States.
Utility Fortum said separately it signed a 22-year agreement for Google to take up to 50% of the output of one of Finland’s two nuclear plants, supporting a lifetime extension and upgrade of the Loviisa plant through 2050. Fortum shares jumped about 15.5% on the news.
Google said the 2027–2028 investment should add about €3.6 billion to Finland’s GDP during construction and support roughly 7,000 jobs annually once operational. Prime Minister Petteri Orpo said electricity supply looks sufficient and that Google is committed to keeping production and prices under control. Alphabet has raised its global investment target this year to between $195 billion and $205 billion as AI compute demand surges.
Sources: Reuters
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