AIBRIEF
Google's largest European investment (€13B, ~$14.3B) covers four Finnish sites, a 22 year power deal keeping the Loviisa nuclear plant, which now supplies 10% of Finland's electricity, open past 2030, plus 7,000 permanent jobs.
Google will spend at least €13 billion (about $14.3 billion at current exchange rates) on digital infrastructure in Finland across 2027 and 2028, the company's largest single European investment to date. The package covers four sites: the existing Hamina campus plus new builds at Kajaani, Muhos, and Vaala (evertiq; Google blog).
Google has signed a 22-year power purchase agreement with Fortum tied to a life extension of the Loviisa nuclear plant, a Finnish reactor that currently supplies about 10% of Finland's electricity and was at risk of closing in 2030 (Data Center Dynamics). The same commitment adds 629 MW of new onshore wind and 94 MW of battery storage near Kajaani, due online in late 2027 (The Next Web).
During construction, Google projects an average €3.6 billion per year (about $3.9 billion) added to Finnish GDP and 37,000 jobs nationally. Once operational, the company expects 7,000 permanent roles, with wages running roughly 24% above Finland's median, according to Google (CNBC).
Finnish Prime Minister Petteri Orpo called the move "a clear testament" to Finland's data-center strengths. Whether other hyperscalers will follow the same bundled-nuclear template, or treat Loviisa as a one-off, remains unconfirmed.