Google to invest €13bn in Finland AI infrastructure in 2027–2028

Google's two-year, €13 billion Finnish build-out

Google announced plans on September 9, 2026 to invest at least €13 billion ($15.1 billion) in digital infrastructure in Finland across 2027 and 2028, the company's largest single investment in Europe to date. The package covers new and expanded data centers, electricity grid improvements and clean-energy projects intended to power services such as Gemini, Search, Maps and YouTube.

Sites and economic impact in Hamina, Kajaani, Muhos and Vaala

The investment expands data-center and supporting infrastructure in Hamina, Kajaani, Muhos and Vaala, building on the Hamina site Google has operated since converting a former paper mill in 2009. According to the company's announcement, the construction phase in 2027–2028 is expected to contribute an annual average of €3.6 billion to Finland's GDP and support more than 37,000 jobs nationwide, with roughly 16,000 construction positions generating about €911 million in average annual labor income. Once operational, the facilities are projected to support about 7,000 jobs a year, with average wages Google estimates at 24% above Finland's median.

First nuclear power contract outside the United States

Alongside the infrastructure spending, Google signed a 22-year purchase agreement with Finnish utility Fortum covering up to 50% of the energy output of the Loviisa nuclear plant, Google's first nuclear deal outside the United States. Fortum said the contract provides the long-term revenue certainty needed to keep Loviisa operating beyond 2030 and to support a life-extension program through 2050 under the plant's existing licenses; power deliveries are to begin at reduced capacity in 2028, reach the full contracted share in 2030 and run through 2049. The deal also includes cooperation on exploring new nuclear and renewable projects in Finland.

Wind, battery storage and broader energy portfolio

Google has paired the Loviisa agreement with wind power purchase agreements with Valorem and Suomen Hyötytuuli supporting 629 MW of new onshore wind capacity in Finland, plus a 94 MW battery near Kajaani expected to begin operating in late 2027. The combination of nuclear, wind and storage contracts is designed to give Google a long-duration electricity portfolio tied directly to its data-center expansion, a structure analysts say reflects the scale of capital and grid access now required to compete in AI.

Spending scale and next milestones

Alphabet raised its global capital spending guidance for the year to between $195 billion and $205 billion as it chases growing computing demand, with the Finland deal positioned as its flagship European project. Google Chief Investment Officer Ruth Porat told reporters in Helsinki that the Loviisa agreement is "a really important cornerstone to everything that we are doing here." Fortum's share price rose 10% on the news, outperforming a 1.4% gain in the Helsinki benchmark index. The next verifiable milestones are the start of reduced-capacity Loviisa power deliveries in 2028 and the commissioning of the Kajaani battery later in 2027.