Google will invest at least $15 billion (approximately 4,683 billion Hungarian forints) in artificial intelligence infrastructure in Finland over the next two years. According to the company's Wednesday announcement, this represents Google’s largest AI infrastructure investment in Europe to date.
What the investment covers
The planned developments include construction of data centers, upgrades to the electrical grid, and clean-energy and battery projects. The new infrastructure will support Google Gemini AI services as well as core products such as Google Search, Google Maps, and YouTube.
Long-term power purchase agreement with Fortum
Google has reached an agreement with Fortum to purchase up to 50 percent of a Finnish nuclear power plant’s output for a 22-year period. The two companies will also explore development of new nuclear and renewable energy projects in Finland. This is the first time Google has signed a nuclear energy purchase agreement outside the United States.
Why Finland?
Finland’s cold climate and abundant low-carbon power make it an attractive location for technology companies building data centers. Cooler temperatures reduce the energy required for data center cooling, enabling more efficient operation.
Broader context
The announcement comes as Europe trails the United States and China in the race to lead in artificial intelligence. Google’s investment could help accelerate European catch-up by strengthening infrastructure and energy security for large-scale AI deployments.
Timing and financial details
The company committed the minimum $15 billion investment over the next two years. The 22-year power purchase agreement is intended to secure long-term, low-carbon electricity supplies for the planned data centers and related infrastructure.
