Google said on Sept. 9, 2026, that it will invest at least €13 billion in Finland digital infrastructure over 2027 and 2028, pairing new data centers with a long-term nuclear power deal.
Google called the package its largest single investment in Europe and said it is meant to meet rising demand for Search, Maps, YouTube, and Gemini without leaving new AI load unsupported on the Finnish grid. The buildout expands the Hamina campus, converted from a paper mill more than 15 years ago, and adds facilities and partnerships in Kajaani, Muhos, and Vaala.
Separately, Finnish utility Fortum said it signed a 22-year life-extension power purchase agreement with Google covering up to 50% of capacity at the Loviisa nuclear plant. Fortum said the deal starts with smaller volumes in 2028 and reaches that 50% share for 2030 through 2049, giving revenue certainty for a roughly €1 billion program to keep Loviisa running through 2050. The plant supplies about 10% of Finland's electricity and employs about 580 people; Fortum said it could not continue past 2030 without the lifetime-extension work.
Google's energy package also includes onshore wind power purchase agreements that bring new-to-the-grid wind capacity it supports in Finland to 629 megawatts, plus a contracted 94-megawatt battery near the Kajaani site that Google says should connect in late 2027 to help balance cold, windless periods. Google and Fortum also signed a memorandum of understanding to explore new nuclear, renewables, and flexibility projects.
Google projects that construction in 2027 and 2028 will support more than 37,000 jobs nationwide and contribute an annual average of €3.6 billion to Finland's GDP, with about 7,000 jobs a year once the facilities are operating. Those employment and GDP figures are company estimates. Prime Minister Petteri Orpo called the investment historic for Finland and said available information shows there is enough electricity if production stays sufficient and prices stay under control.
Alphabet has raised global investment plans this year into the $195 billion to $205 billion range as AI computing demand grows, Reuters reported. Ruth Porat, Google's president and chief investment officer, told reporters in Helsinki the Loviisa deal is Google's first nuclear energy agreement outside the United States. What remains open is how much new AI load Finland can absorb without lifting household power prices, and whether the Fortum and wind contracts fully offset demand once the northern campuses are online.