Key details of Google's£13 billon finald investment

Key details of Google's£13 billon finald investment

Key details of Google’s €13 billion Finland investment

• Investment scale: At €13 billion (2027–2028), this marks Google’s largest single investment in Europe to date.
• Locations: Infrastructure will be expanded at the existing Hamina site with the construction of new data centers in Kajaani, Mahus and Vala.
• Economic impact: Estimated to add an average of €3.6 billion annually to Finland’s GDP during construction. It is expected to create 37,000 jobs during the construction phase and approximately 7,000 permanent operational roles with wages 24% higher than average.
• Energy Integration: Google has signed a long-term Power Purchase Agreement (PPA) with Fortum to help extend the life of the Loviisa nuclear power plant beyond 2030, along with investing in 629 MW of onshore wind capacity and battery grid storage.
• Dynamic: Driven by Finland's cool climate (low cooling costs), stable low-carbon electricity grid, and strategic position for deploying European AI infrastructure.