Google announced its largest single investment in Europe: at least €13 billion ($15.1 billion) in AI infrastructure across four locations in Finland over the next two years. The investment covers data centers, energy infrastructure, grid upgrades, and renewable energy projects. Google also signed a 22-year purchase agreement with Finnish utility Fortum for up to 50% of the energy from one of Finland's nuclear plants, which Google says would not have continued operating beyond 2030 without the deal. Finnish Prime Minister Petteri Orpo welcomed the commitment, calling investment attraction a top government priority.
The announcement positions Finland as a leading destination for hyperscale AI infrastructure in Europe, with Google, Microsoft, and TikTok together accounting for tens of billions of dollars in planned or completed investments in the country. Google's 22-year nuclear power purchase agreement signals a significant long-term energy procurement model that other large data center operators may evaluate as they seek stable, low-carbon power for AI workloads.
A $30.2 billion combined investment by major hyperscalers — Google, Microsoft, and TikTok — positioning Finland as Europe's data center capital is a high-impact construction and investment story involving named top-tier companies and a specific large dollar figure.