Google to Invest $15.1 Billion in AI Infrastructure Over 2027 and 2028
Alphabet's Google plans its single largest European investment at €13 billion ($15.1 billion) for data centers across four Finnish municipalities starting construction in 2027.
On Wednesday, Alphabet's Google announced it will spend at least €13 billion ($15.1 billion) building artificial intelligence infrastructure in Finland over two years. The company described the project as its biggest single investment in Europe. The spending will cover data centers located in Hamina, Kajaani, Muhos, and Vaala, alongside upgrades to the electricity grid and clean energy initiatives including battery projects.
Google stated construction would begin in 2027 and continue through 2028. During the building phase, the project is projected to contribute $3.6 billion to Finland's gross domestic product. Once operational, the sites are expected to support approximately 37,000 jobs initially, with around 16,000 roles in construction alone. Google later adjusted this projection for the long-term annual operation to about 7,000 jobs.
The investment targets services such as Gemini, Search, Maps, and YouTube. Finland's Prime Minister Petteri Orpo called the decision a testament to national strengths, noting the value of the data economy extends beyond direct spending into innovation.
In Helsinki, Fortum signed a 22-year agreement to sell up to 50 percent energy output from one nuclear plant, marking Google's first nuclear deal outside the U.S.
