Google will invest $15 billion (bn) in AI infrastructure in Finland and will purchase nuclear power to support its data centre expansion and services such as Gemini, Search, Maps and YouTube. The company said the programme will fund data centres, electricity grid improvements and clean energy and battery projects. The $15 billion amount is equivalent to €12.9045 bn at an exchange rate of $1 = 0.8603 euros, and the term bn is used thereafter.

The investments, planned for 2027 and 2028, are expected to contribute some €3.6 bn to Finland's gross domestic product during the construction phase and are projected to support some 7,000 jobs annually once operational. These figures were provided in the company statement and reflect construction and operational activity across the region. The commitments are intended to underpin long-term capacity for artificial intelligence workloads and related consumer services.

Finland's prime minister Petteri Orpo indicated that the deal would boost the economy by spurring innovation, research and development and sought to allay concerns that the build-out would unduly increase energy use or push up prices. He noted that based on available information there was sufficient electricity and that parties were committed to ensuring that production remained adequate and that prices stayed under control. Finland, which has a population of under six million and a land area comparable to Germany, has shown less vocal local opposition to data centre build-out than some other countries.

Utility Fortum said a long-term purchase agreement would provide economic certainty for a lifetime extension and upgrade of the Loviisa nuclear power plant through 2050; the plant is located near Google's Hamina data centre. The project is presented as part of a broader strategy to secure clean energy inputs for high-performance computing. The exchange rate used in calculations was provided by the company.