Google Invests $15.1B in Finland AI Data Centers and Signs Nuclear Power Deal

Google announced on September 9 that it plans to invest at least €13 billion ($15.1 billion) in Finnish digital infrastructure in 2027 and 2028, alongside a 22-year agreement to buy power from Fortum’s Loviisa nuclear plant. The power purchase agreement covers up to 50% of Loviisa’s capacity and is intended to support lifetime extension work and upgrades at the plant through 2050.

The paired announcements directly link Google’s planned AI infrastructure expansion in Finland to a long-term nuclear power supply. Fortum and Google signed the agreement on September 9, according to Fortum.

€13 Billion Buildout Adds Three Data Centers in Northern Finland

Google said the investment will span projects in Hamina, Kajaani, Muhos and Vaala. The programme includes three new data centres in northern Finland, as well as grid improvements, clean-energy projects and battery storage.

The company described the commitment as its largest single investment in Europe. Its announcement places the spending across the two-year 2027–2028 period, rather than identifying a separate timetable for each site or project.

The scale matters because data-centre construction, grid work and storage are being advanced together in the same investment package. Google did not provide further project-level spending allocations in the announcement.

Fortum’s 22-Year Loviisa Deal Ties Supply to Upgrades Through 2050

Google’s agreement covers a 22-year PPA under which it can purchase power equivalent to as much as half of Loviisa’s capacity.

Fortum said the deal supports the plant’s lifetime extension and upgrade programme through 2050. It is also Google’s first nuclear-energy deal outside the United States, Reuters reported.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.