Google picks Finland for its largest single investment in Europe
Google will buy up to half the electricity produced by one of Finland’s nuclear power plants as part of a record €13bn (£11bn; $15bn) investment in the country’s AI infrastructure, the company announced. The US tech giant said the package would fund three new data centres, expand an existing site and support energy projects to [...] The post Google picks Finland for its largest single investment…
Google has announced a record €13bn (£11bn; $15bn) investment in Finland to bolster the country's AI infrastructure. The tech giant plans to purchase up to half of the electricity generated by Loviisa nuclear power plant through a 22-year contract with Finnish utility Fortum. This investment includes building three new data centers, expanding an existing site, and supporting energy projects to meet the growing demand for AI services.
Finland's appeal for data centers lies in its cool climate, low-carbon electricity, and well-connected power grid. The project is anticipated to create over 37,000 jobs during construction and increase Finland's GDP by €3.6bn annually. The investment will also fund clean energy initiatives and community programs.
Written by urgent.news from KahawaTungu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
