Google Invests $15bn in Finnish Data Centers and Nuclear Power
Alphabet is investing $15 billion (€12.9 billion) in Finland to expand AI and data centre infrastructure, including three new facilities in Kajaani, Muhos and Vaala and an expansion of its Hamina site.
The investment is supported by a 22-year power purchase agreement (PPA) with Finnish utility Fortum, covering up to 50% of the capacity of the Loviisa Nuclear Power Plant. The agreement starts in 2028 and reaches 50% from 2030 to 2049, supporting investments to extend the plant’s operation through 2050.
Loviisa’s two reactors currently provide about 10% of Finland’s electricity. Fortum is undertaking an approximately $1.15 billion (€1 billion) lifetime-extension programme, including a planned 38 MW capacity increase by 2028 and a potential additional 10 MW increase.
Aris Karcanias, Google’s Director of Energy, EMEA, said: “By supporting the lifetime extension of the Loviisa plant, we’re doing our part to keep a critical energy source on the grid.”
Construction of the new data centres is expected to begin in 2027.
Source: techradar.com
