On Sep 9, 2026, Google announced plans to invest at least €13 billion in digital infrastructure in Finland over 2027–2028, covering Hamina and new sites in Kajaani, Muhos and Vaala. The package includes a 22-year Fortum power-purchase agreement supporting the life extension of the Loviisa nuclear plant, additional onshore wind contracts that bring Google-supported new-to-grid Finnish onshore wind to 629 MW, and a 94 MW battery near Kajaani expected in late 2027. Google says the construction phase is expected to contribute an annual average €3.6 billion to Finland’s GDP and support more than 37,000 jobs; those figures are company projections, not independent forecasts. Reuters separately reported that the nuclear PPA can cover up to 50% of one plant’s output and described it as Google’s first nuclear deal outside the U.S.
Shows a hyperscaler tying major European AI infrastructure capex to nuclear life extension, renewables, storage, and grid-friendly northern siting—useful for executives tracking how AI growth is being financed and powered. Keep GDP/job numbers labeled as Google projections; keep Reuters’ 50%/first-outside-U.S. details attributed as secondary reporting; and note that some Fortum life-extension investment decisions remain pending.
- 01
Google says it will invest at least €13B in Finnish digital infrastructure over 2027–2028—its largest single investment in Europe.
- 02
The expansion covers Hamina plus Kajaani, Muhos and Vaala and is intended to support services including Gemini, Search, Maps and YouTube.
- 03
A 22-year Fortum PPA is designed to provide revenue certainty for extending Loviisa nuclear operations toward 2050 and related upgrades.
- 04
Google says its supported new-to-grid Finnish onshore wind capacity will total 629 MW, alongside a contracted 94 MW battery near Kajaani expected in late 2027.
- 05
Google projects an annual average €3.6B GDP contribution during 2027–2028 construction and support for more than 37,000 jobs; treat these as company projections.
- 06
Google also committed €31M over four years to community programs, including €10M earmarked for research and innovation.
- 07
Reuters reports the nuclear PPA can cover up to 50% of one plant’s output and calls it Google’s first nuclear deal outside the U.S.; those details remain secondary-source attribution.
Last verified: 2026-09-15T18:30:00Z · Speaker predictions remain attributed to the speaker. ElevateU analysis is labeled separately from source-supported fact.