Google to invest EUR 13 billion in Finnish AI infrastructure with nuclear power deal

Alphabet's Google announced it will invest at least EUR 13 billion (about $15.1 billion) in Finnish digital infrastructure over the next two years, its largest single infrastructure investment in Europe to date. The package covers data centres and supporting infrastructure at four sites - Hamina, Kajaani, Muhos and Vaala - plus clean-energy and community funds. Alongside the capex, Google signed a 22-year power purchase agreement with Fortum for the Loviisa nuclear plant, taking 50% of the site's output from 2030 to 2049. It is Google's first nuclear PPA outside the United States.