Google will buy half the electricity of a nuclear power plant

Google plans to invest up to €13 billion (£11 billion; $15 billion) in Finland's AI infrastructure. This investment will fund the construction of three new data centres, expansion of an existing site, and support for energy projects. This is Google's largest single investment in Europe, demonstrating Finland's leadership in responsibly building AI infrastructure.

The deal includes a 22-year contract with Finnish utility Fortum to purchase up to 50% of the output from the Loviisa nuclear power plant. This move is part of a broader strategy to ensure long-term financial certainty for the Loviisa plant, which generates about 10% of Finland's electricity. Finland's cool climate, low-carbon electricity, and a relatively uncongested power grid make it an attractive location for data centres.

The new infrastructure is expected to support over 37,000 jobs during construction and boost Finland's GDP by €3.6 billion annually. The investments will also cover clean energy projects and dedicated funds for nature conservation and community development.