On September 9, Google unveiled its ambitious plan to invest a minimum of €13 billion in Finland between 2027 and 2028, with the aim of bolstering its digital infrastructure and supporting projects. This investment will encompass data centers and associated facilities located in Hamina, Kajaani, Muonio, and Vaala. Notably, this marks Google's most substantial single investment in Europe to date. During the construction phase, the project is anticipated to make an annual contribution of €3.6 billion to Finland's GDP and sustain over 37,000 jobs. Once operational, it is expected to support roughly 7,000 jobs on an annual basis. In a bid to ensure a stable energy supply for its operations, Google has inked a 22-year power purchase agreement with Finnish energy firm Fortum. This agreement will facilitate the extension of the operational lifespan of the Loviisa Nuclear Power Plant. Additionally, Google has entered into new onshore wind power purchase agreements, resulting in a 629-megawatt increase in grid-connected onshore wind capacity. Moreover, the tech giant plans to construct a 94-megawatt battery energy storage system in the vicinity of Kajaani. Beyond infrastructure, Google is also committed to fostering local development. It will allocate €31 million to support initiatives in local education, economic growth, and research and development projects.
