Google to Invest $15 Billion (bn) in Finnish AI Infrastructure
ECONOMY & POLICY

Google to Invest $15 Billion (bn) in Finnish AI Infrastructure

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.

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.

Related Stories

Gold Stories

Next Story
Real Estate

Japanese companies expand GCC operations in India

More than 100 Japanese companies have established or are expanding Global Capability Centres (GCCs) in India, with a growing focus on artificial intelligence (AI), engineering, digital innovation, product development, cybersecurity and advanced analytics. The shift marks an expansion beyond traditional back-office and operational support functions towards higher-value technology and innovation activities.Japanese companies are increasingly using their Indian GCCs to support digital transformation, address talent shortages and contribute to global business strategies. These centres are taking o..

Next Story
Real Estate

India’s flexible office stock projected to reach 160 million sq ft by 2030

India retained its position as the world's most mature flexible office market, scoring 100 per cent on Cushman & Wakefield's Flexible Office Market Maturity Index, according to the firm's Global Trends in Flexible Office 2026 report.India's flexible office inventory reached 88.7 million sq ft (MSF) in H1 2026, accounting for 10.5 per cent of the country's total office stock. The report projects this to exceed 100 MSF in 2026 and reach approximately 160 MSF by 2030.Flexible office operators leased 8.5 MSF across India's top eight cities in H1 2026, their strongest first-half performance to ..

Next Story
Infrastructure Urban

K2 Infragen appoints Abhishek Sharma as DGM, supply chain

K2 Infragen has appointed Abhishek Sharma as Deputy General Manager, Supply Chain Management. He will oversee procurement planning, vendor partnerships and coordination with project teams.Sharma brings nearly two decades of experience in infrastructure procurement across railways, highways, expressways and hydropower. His experience includes procurement responsibilities associated with the Delhi–Meerut Expressway and the Delhi–Vadodara greenfield corridor. ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code