Google has announced a €13 billion investment into Finnish AI infrastructure and data centers, marking the company's largest single European project to date. The funding will be deployed throughout 2027 and 2028.
The plan includes expanding the existing data center in Hamina and constructing three new facilities in Kajaani, Muhos, and Vaala. Google also signed a 22-year power purchase agreement with Fortum to secure up to 50% of the electricity from the Loviisa nuclear plant.
The project is expected to create over 37,000 jobs during the construction phase, including 16,000 construction-specific roles, followed by thousands of permanent positions. Google estimates the construction will boost Finland's GDP by an average of €3.6 billion annually.
This investment follows a 15-year history of Google operations in Finland, during which the company previously invested €4.5 billion. The new commitment nearly triples the total capital allocated to the country since 2009.
Globally, Google projects its 2026 capital expenditure to range between $195 billion and $205 billion. The Finnish investment accounts for approximately 7–8% of the company's planned global spending for that year.
