Google will invest at least €13 billion ($15.1 billion) in Finnish AI infrastructure over 2027 and 2028, marking the company's largest single investment in EuropeCITE:E1. Google states the funds will go toward building artificial intelligence digital infrastructure during that two-year windowCITE:E2.
Google's plan covers four sites: new data centers in Kajaani, Muhos, and Vaala in northern Finland, plus an expansion of its existing facility in Hamina in the southeastCITE:E3.
Finland offers natural cooling from its cold climate, up to 96% carbon-free electricity generation combining nuclear and renewable sources, ample water resources, and a stable power gridCITE:E4.
Google's project is projected to create more than 37,000 jobs nationwide during construction, including 16,000 construction roles, and to support 7,000 jobs annually once the facilities are operationalCITE:E5CITE:E6. Google states that average pay at the operational facilities will run 24% above Finland's national median wageCITE:E6.
| Metric | Value |
|---|---|
| Total investment | €13 billion (~$15.1 billion) |
| Investment period | 2027–2028 |
| New/expanded sites | 4 (Kajaani, Muhos, Vaala, Hamina) |
| Construction-phase jobs (nationwide) | 37,000, including 16,000 construction roles |
| Annual jobs post-operation | 7,000 |
| Wage premium vs. national median | 24% higher |
| Carbon-free electricity share in Finland | 96% |
| Power purchase agreement length | 22 years |
| Share of Loviisa plant output purchased | 50% |
Google signed a 22-year power purchase agreement with Finnish energy company Fortum to buy 50% of the output from the Loviisa nuclear plant following its life extensionCITE:E7.
Google has paired a €13 billion, two-year capital commitment with a 22-year power contract covering half of a single nuclear plant's post-extension output, tying its Finnish AI buildout directly to Fortum's Loviisa capacityCITE:E1CITE:E7. The jobs figures show a similar structure: a large temporary construction workforce of 37,000 (including 16,000 construction roles) tapers to 7,000 permanent positions once the four sites in Kajaani, Muhos, Vaala, and Hamina are operationalCITE:E3CITE:E5CITE:E6.
Google will invest at least €13 billion ($15.
Google's plan covers four sites: new data centers in Kajaani, Muhos, and Vaala in northern Finland, plus an expansion of its existing facility in Hamina in the …
Finland offers natural cooling from its cold climate, up to 96% carbon-free electricity generation combining nuclear and renewable sources, ample water resource…
Google's project is projected to create more than 37,000 jobs nationwide during construction, including 16,000 construction roles, and to support 7,000 jobs ann…
Structuring this investment around a 22-year power purchase agreement for half of Loviisa's post-life-extension output signals that grid access, not capital, is the binding constraint on Nordic AI data-center buildouts. Choosing four sites — three greenfield builds in Kajaani, Muhos, and Vaala plus an expansion of the existing Hamina facility — suggests Google is scaling an already-proven site model rather than starting fresh. The gap between the 37,000 construction-phase jobs and the 7,000 permanent roles that follow is typical of capital-intensive infrastructure, but the 24% wage premium over Finland's national median indicates Google is competing on job quality once the buildout tapers off. The metric worth watching next is whether the full €13 billion lands on schedule within the 2027–2028 window, since any slippage would reset both the employment and power-procurement timelines tied to it.
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