Google invests $15bn in Finland, secures 500 MW from Loviisa nuclear plant

September 15, 2026 at 10:05 PM2 min

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Google announced a $15 billion investment in Finland, its largest in Europe, including three new data centers and expansion of its Hamina facility. The company secured 500 MW of power from the Loviisa nuclear plant through 2050, covering up to 50% of the plant's output. The project is expected to create 37,000 jobs and add €3.6 billion annually to Finland's GDP.

Key Facts

Google's $15 billion investment in Finland is its largest single investment in Europe.
The Loviisa Nuclear Power Plant will supply up to 50% of its output, or 500 MW, to Google's data centers until 2050.
Three new data centers will be built in Kajaani, Muhos, and Vaala, with construction starting in 2027.
The project is expected to create 37,000 jobs and contribute €3.6 billion annually to Finland's GDP.
The investment will support Google's AI chatbot Gemini, Search, Maps, and YouTube.

Investment Scope

Google announced a $15 billion investment in Finland, its largest single investment in Europe. The project includes construction of three new data centers in Kajaani, Muhos, and Vaala, and expansion of the existing Hamina facility. Construction is expected to commence in 2027. The investment will support Google's AI chatbot Gemini, along with Search, Maps, and YouTube.

Energy Agreement

Google secured 500 MW of power from the Loviisa Nuclear Power Plant through 2050, covering up to 50% of the plant's output. The agreement with Nordic energy company Fortum ensures the long-term future of the station, which produces 10% of Finland's electricity. The use of a nuclear plant over 45 years old highlights how existing energy infrastructure can meet growing cloud and AI data center demands.

Economic Impact

Around 37,000 jobs are expected to be created for the project. Google claims the investment will boost Finland's GDP by €3.6 billion per year. Finland's Prime Minister Petteri Orpo said the decision is a testament to the country's strengths and will spur innovation and research. Ruth Porat, president and chief investment officer of Alphabet and Google, said the investment underscores Google's commitment to responsible growth.