Google plans to invest at least €13 billion ($15.1 billion) in AI and digital infrastructure in Finland in 2027 and 2028, its "largest single investment in Europe."
The plan includes three new data centers in the northern municipalities of Kajaani, Muhos and Vaala, Google said Wednesday. The company will also continue investing in its existing Hamina campus. The investment also covers related infrastructure, clean energy, and local community projects.
"Today's announcement builds on Google's more than 15-year presence in Finland," the company said. "The Hamina data center currently supports a variety of jobs, from computer technicians, to electrical and mechanical engineers, to security staff, to catering, to facilities management, and more."
Google did not disclose the size of the new data centers or when each will be completed.
The company estimates that construction in 2027 and 2028 will add an average of €3.6 billion a year to Finland's economy and support more than 37,000 jobs. That includes indirect jobs at suppliers and local businesses, not just jobs at Google.
About 16,000 of those jobs are expected to be in construction. Once the facilities are running, Google estimates they will support about 7,000 jobs a year.
Google signs first nuclear energy deal outside U.S.
Alongside its €13 billion investment plan, Google signed a 22-year power purchase agreement with Finnish energy company Fortum.
"We call this BYOP, bring your own power," Ruth Porat, president and chief investment officer of Alphabet and Google, told reporters in Helsinki, as Reuters reported. "This is Google's first nuclear energy deal outside of the United States."
Under the agreement, Google will buy up to 50% of the electricity produced by Fortum's Loviisa nuclear power plant.
The agreement will start with less power in 2028 and increase to 50% of the plant's capacity from 2030 to 2049. Fortum said the deal will help keep the plant running through 2050.
Loviisa currently produces about 10% of Finland's electricity and directly employs about 580 people. Fortum said the plant would not be able to continue operating beyond 2030 without its planned lifetime extension.
Google and Fortum also agreed to explore new nuclear reactors at Loviisa, renewable energy projects and ways to adjust electricity supply or demand when the grid is under pressure.
Google also signed new long-term wind power agreements with Valorem and Suomen Hyötytuuli. The deals bring the new onshore wind capacity supported by Google in Finland to 629 MW.
Google is also working with Fingrid and Business Finland to build its northern facilities near existing grid capacity and clean energy sources. It has contracted a 94 MW battery system near Kajaani that's expected to start operating in late 2027 and help balance the grid.
Google said it will also support AI training for more than 4,400 workers through partnerships with Finnish education and labor groups. A separate program with vocational school EKAMI will train up to 100 students for data center jobs.
The company also plans to restore forests, peatlands and wetlands near its data center sites and fund local projects including trails, public saunas and fishing piers.
Other companies are also expanding data centers in Finland. Microsoft is developing facilities across southern and western Finland, while TikTok is investing €1 billion in its second Finnish data center. Nebius plans a 310 MW AI data center in Lappeenranta worth more than $10 billion.
Google's investment comes as Alphabet spends more on AI infrastructure globally. In July, Alphabet raised its expected 2026 capital spending to between $195 billion and $205 billion, from its previous forecast of $180 billion to $190 billion.