AI
Google plans €13 billion Finland expansion with long-term nuclear power contract
Google announced a €13 billion investment in Finland covering three new data centres, expansion of its Hamina facility and supporting energy projects. A 22-year agreement with Fortum will secure up to half the output of the Loviisa nuclear plant. The package illustrates how AI infrastructure expansion increasingly depends on long-term electricity supplies. Construction is scheduled for 2027 and 2028; estimates of more than 37,000 construction jobs and €3.6 billion in annual GDP benefits come from Google.
Editorial summary · Publisher article
What matters
- New data centres are planned in Kajaani, Muhos and Vaala, alongside the Hamina expansion.
- Loviisa currently supplies about 10 percent of Finland’s electricity, according to the report.
- Fortum says the contract will support investment to extend the plant’s life and increase generating capacity.
Context & caveats
- The investment and construction schedule are announced plans; the economic benefits are company projections.
Why this made the edition
Substantial reporting specifies investment size, locations, construction timing and a long-term power contract, while attributing economic projections to Google.
Source material