Google will invest €13 billion in digital infrastructure in Finland across 2027 and 2028. This will include data centers and supporting infrastructure investments in Hamina, Kajaani, Muhos, and Vaala. The investment will include AI infrastructure, as well as power, battery storage and renewable energy projects. According to Google, this is its largest single investment in Europe to date.
Google has had a presence in Finland since it acquired a former paper mill in Hamina in 2009 and transformed it into a data center. The data center has been upgraded numerous times over the last 15 years. In 2022, the company purchased 50 acres of adjacent land to accommodate further expansion. In 2024, Google acquired 1,400 hectares of land in Kajaani and Muhos. In February of this year, it added to its Finland land portfolio again with the acquisition of 900 hectares in Vaala for a possible data center project.
With the new investment and plans to build out in the country, Google is estimating that it will bring around 16,000 construction jobs to Finland, out of a total of 37,000 jobs generated. Once operational, the facilities will employ some 7,000 people.
Attractive destination
"Finland is an attractive destination for investments, and attracting further investment remains a top priority. 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 Petteri Orpo, Prime Minister of Finland.
Ruth Porat, president and chief investment officer of Alphabet and Google, added: "Google is proud to deepen our roots in Finland with the company’s largest single investment in Europe, building on more than 15 years of sustained investment in Finland. 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."
Nokia will assist with building the network infrastructure needed to support Google's AI footprint in the country. President and CEO of Nokia, Justin Hotard, said of the partnership: “Every AI token is a network moment. Billions of agents, devices, and people act on intelligence in real time, and every one of those moments depends on a network that is fast, secure, and always on. Nokia builds those networks. And with Google we're co-innovating to deliver Optical and IP networks that move intelligence faster, farther and securely. Google is investing to create that future in Finland, and we are proud to help them connect it to the world.”
Investments in energy
Alongside the investment in data centers, Google will also invest in energy initiatives in Finland. Chief among these is a 22 year Power Purchase Agreement with Fortum, which will extend the life of the Loviisa nuclear power plant. It marks the company's first nuclear PPA outside of the US market and will provide power to Google’s data center infrastructure in Finland beginning in 2028. Between 2030 and 2049, Google’s share of Loviisa’s operating capacity will be 50 percent. Furthermore, the PPA is expected to enable 10 MW of new capacity at the plant; Loviisa was already scheduled for a 38-MW uprate.
Besides this, Google will invest in two onshore wind projects developed by Valorem and Suomen Hyötytuuli, and a 94MW battery system that will be located near Google's site in Kajaani.
