Overview
- Alphabet’s Google has committed at least €13 billion to build data centres, battery and clean-energy projects and upgrade electricity grids in Finland to support services such as Gemini, Search, Maps and YouTube.
- The companies signed a 22-year power purchase deal with Fortum that can cover up to 50% of the output of one Finnish nuclear plant, marking Google’s first such nuclear agreement outside the United States.
- Google says the projects will be developed in 2027–2028 and that construction will add about $3.6 billion to Finland’s GDP while the operational sites are expected to support roughly 7,000 jobs each year.
- Finland’s cold climate and abundant low‑carbon electricity have attracted other large tech firms, and Google and Fortum said they will explore further nuclear and renewable energy developments tied to the data centres.
- Investors reacted positively, pushing Fortum shares higher, and the long-term energy deal gives the utility revenue certainty that can fund plant upgrades and help anchor Europe’s expanding AI compute infrastructure.