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Data centers · Evidence brief

Google commits at least €13B to Finland AI infrastructure

Google + Finnish infrastructure and energy partners

Primary sourcePress release only2026-09-09
Deal structureAI infrastructure investment program
GeographyHamina, Kajaani, Muhos and Vaala, Finland
Infrastructure layersData centers + power + AI infrastructure
Disclosed scaleAt least €13B planned investment in 2027–2028 across four Finnish locations

Why it matters

The strategic read

Pairs a large two-year AI infrastructure investment plan with long-term power procurement and grid flexibility. The capital plan covers data centers and supporting infrastructure, not a single construction contract or a disclosed amount paid to Fortum.

Source-supported terms

What was disclosed

  1. 01

    Google announced plans to invest at least €13 billion in Finland during 2027–2028, including data centers and supporting infrastructure in Hamina, Kajaani, Muhos and Vaala.

  2. 02

    A 22-year life-extension power purchase agreement with Fortum supports continued operation of the Loviisa nuclear power plant; a separate MoU explores additional generation and flexibility.

  3. 03

    Additional wind PPAs bring total new-to-grid onshore wind capacity supported by Google to 629 MW; this is a portfolio total, not all newly contracted capacity.

  4. 04

    A contracted 94 MW battery system near Kajaani is expected to connect to the grid in late 2027.

Disclosure boundary

What is known—and what is not

Issuer-announced investment plan, not completed expenditure. Campus MW, individual EPC awards, annual spending, construction conditions and PPA pricing are not disclosed. New nuclear cooperation is an MoU rather than a reactor order.