Iberdrola sets its sights on 13 billion from Google in Finland
The Spanish group, which has just bought Caruna in Finland, is at the forefront of the race to take advantage of the record investment announced by the technology company in this country.
Iberdrola, the largest Spanish energy company, has acquired Caruna, Finland's largest electricity distributor, positioning itself to capitalize on Google's record investment in the country. Google will invest at least €13,000 million in artificial intelligence infrastructure in Finland by 2028, including data centers and energy projects.
This investment is expected to drive growth in the country's data center capacity, which is forecast to increase fivefold to over 1.5 gigawatts by 2030. Caruna, which serves over 1.5 million people and operates 89,000 kilometers of electrical networks, is well-placed to benefit from the increased demand for energy.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
