Tech giant Google plans to invest at least €13bn ($15.12bn) in Finland’s digital infrastructure across 2027 and 2028, in what the company described as its “largest single investment” in Europe so far.
The spending is earmarked for new data centres and related infrastructure in Hamina, Kajaani, Muhos and Vaala.
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The construction phase is expected to support more than 37,000 jobs nationwide and contribute an average of €3.6bn a year to Finland’s GDP during the initial phase, the company said.
After the sites begin operating, they are forecast to support 7,000 jobs annually across data-centre operations, technical services and upstream suppliers.
Finland Prime Minister Petteri Orpo said: “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.”
Google has signed a 22-year power purchase agreement with Fortum in Finland to support the life-extension programme at the Loviisa nuclear plant.
The plant currently employs around 580 people and provides a tenth of Finland’s electricity.
The companies have also agreed a memorandum of understanding to examine further flexibility and power-generation capacity, with the possibility of new nuclear reactors at the Loviisa site.
Separately, Google is supporting onshore wind projects with Valorem and Suomen Hyötytuuli, bringing the total new onshore wind capacity it has backed to 629MW.
A 94MW battery storage system near Google’s Kajaani site, which is already under contract, is scheduled to start operating in late 2027.
The latest investment adds to Google’s operations in Finland, where it has been present for more than 15 years, including through its Hamina data centre.
Google president and chief investment officer Ruth Porat added: “This investment underscores Google’s commitment to grow our presence responsibly, pairing the expansion of our technical infrastructure with new energy capacity, grid enhancements, and energy affordability initiatives.”
The move follows a separate announcement in July, when Pure Data Centres Group unveiled plans for a €1.5bn AI data centre campus in Seinäjoki.
The full campus, named SJK01, is intended to support large-scale AI and machine learning workloads and is billed as one of the largest AI infrastructure developments in Europe.
