Google puts €13 billion into Finnish AI infrastructure

Google said it will invest at least €13 billion in Finnish digital infrastructure over 2027–2028, calling it the company’s largest single investment in Europe.

Euros and a nuclear power-purchase agreement are on the page. The 37,000-job line is Google’s construction-phase model, not a payroll.

Google said it will invest at least €13 billion in digital infrastructure in Finland over 2027–2028. The plan names data centers and supporting kit in Hamina, Kajaani, Muhos, and Vaala. Google calls it the company’s largest single investment in Europe.

Google: during construction it expects an annual average of €3.6 billion added to Finland’s GDP (gross domestic product, the size of the national economy) and more than 37,000 jobs nationwide, including about 16,000 in construction. Once operational, 7,000 jobs a year. Those are Google’s estimates, not a payroll this desk can audit.

Google announced a 22-year life-extension power-purchase agreement (PPA) — a long-term contract to buy electricity — with Fortum tied to the Loviisa nuclear plant. BBC reported Google will buy up to half of that plant’s output. Fortum published its own PPA note the same day.

Google also listed new onshore-wind PPAs bringing supported new-to-grid wind to 629 MW (megawatts, million-watt units of capacity), and a contracted 94 MW battery near Kajaani expected in late 2027.

Reuters the same day put the package at about $15.1 billion — a dollar conversion of the euro headline — and said three new northern data centers sit on top of the existing Hamina site.