Google said on Sept. 9, 2026, that it will invest at least €13 billion in digital infrastructure in Finland over 2027 and 2028, pairing new data centers with a long-term nuclear power deal. Google calls it its largest single investment in Europe, and it ties the extra demand for computing power from AI to a 22-year contract for Finnish nuclear power rather than leaving that new load to the grid alone.
Google said the buildout is meant to meet rising demand for Search, Maps, YouTube, and Gemini. It 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 power purchase agreement with Google, a long-term contract to buy electricity, covering up to 50% of the capacity of its Loviisa nuclear plant and helping pay to extend the plant's life. Fortum said the deal starts with smaller volumes in 2028 and reaches that 50% share for 2030 through 2049, giving it 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 work to extend its life.
Google's energy package also includes contracts to buy power from new onshore wind farms, bringing the new 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 preliminary agreement 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 add an average of €3.6 billion a year to Finland's GDP, with about 7,000 jobs a year once the facilities are running. Those job 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.