Google to invest €13 billion in Finnish data centers over 2027–2028

September 15, 2026 at 06:43 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Google will invest at least €13 billion in digital infrastructure in Finland over 2027–2028, its largest single investment in Europe. The expansion covers new data centers in Hamina, Kajaani, Muhos and Vaala, along with clean energy and grid partnerships. The investment is expected to contribute €3.6 billion annually to Finland's GDP and support over 37,000 jobs during construction.

Key Facts

Google will invest at least €13 billion in Finland over 2027–2028, its largest single investment in Europe.
The investment covers new data centers in Hamina, Kajaani, Muhos and Vaala.
During the 2027–2028 construction phase, the investment is expected to contribute an average of €3.6 billion annually to Finland's GDP and support more than 37,000 jobs nationwide.
Google has signed a 22-year power purchase agreement with Fortum tied to the Loviisa nuclear power plant life extension.
Google is partnering with Fingrid and Business Finland to identify grid connection locations for new data centers.

Investment Scope

Google will invest at least €13 billion in digital infrastructure in Finland over 2027–2028. The investment covers new data centers and supporting infrastructure in Hamina, Kajaani, Muhos and Vaala. The company established its Hamina data center in 2009 after acquiring and converting a former paper mill. The Hamina site has supported more than 40 social and community organizations and introduced seawater-based cooling and heat recovery for Hamina's district heating network.

Economic Impact

During the initial 2027–2028 construction phase, the investment is expected to contribute an average of €3.6 billion annually to Finland's GDP. The construction phase is expected to support more than 37,000 jobs nationwide, with around 16,000 of those positions in construction. Once the facilities become operational, they are projected to support around 7,000 jobs annually across Google, suppliers and local services. Prime Minister Petteri Orpo said Google's decision is a clear testament to Finland's strengths and that deepening collaboration will deliver lasting benefits.

Energy Partnerships

Google is partnering with Fingrid and Business Finland to identify locations where data centers can connect to the grid efficiently. Locating new facilities in northern Finland allows Google to use existing grid capacity close to carbon-free energy sources, potentially reducing the need for new grid investments. Google has signed a 22-year power purchase agreement with Fortum connected to the life extension programme for the Loviisa nuclear power plant. The Loviisa plant currently supplies around 10% of Finland's electricity and employs approximately 580 people.