Google to invest €13 billion in Finnish AI infrastructure
Google plans to invest at least €13 billion in digital infrastructure in Finland over the next two years, 2027 and 2028. It is the company's largest single investment in Europe.
The investment covers data centres and supporting infrastructure across four locations – Hamina, Kajaani, Muhos and Vaala – alongside clean energy initiatives, grid resilience projects and local community programmes.
Google has been present in Finland since 2009, when it acquired a former paper mill in Hamina and converted it into a data centre. The Hamina site has since grown into an ecosystem supporting more than 600 Finnish suppliers and partners, including Nokia, Elisa and DNA.
During the initial construction phase in 2027 and 2028, the investment is expected to contribute an average of EUR 3.6 billion per year to Finland's GDP and support more than 37,000 jobs nationally. Once operational, the facilities are projected to sustain 7,000 permanent jobs with, according to Google, average wages 24% above Finland's median.
On the energy side, Google has signed a 22-year power purchase agreement with energy company Fortum tied to a life extension programme for the Loviisa nuclear power plant, which currently supplies 10% of Finland's electricity. Without the life extension investment, the plant risked closing in 2030. Google is also signing new onshore wind PPAs totalling 629 MW and has contracted a 94 MW battery storage system near Kajaani, expected to be operational in late 2027.
"Google’s decision is a clear testament to our strengths. The value of the data economy extends far beyond direct investment into spurring innovation, research, and development. Deepening our collaboration with Google will deliver lasting benefits for both parties," said Finnish Prime Minister Petteri Orpo.
