Massive Finnish AI Investment
Google plans a €13 billion AI and data center infrastructure investment in Finland.
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Key Points
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Google’s Finnish presence dates back more than 15 years: it acquired a former paper mill in 2009 and converted it into the Hamina data center. The facility uses seawater cooling and an offsite heat-recovery system designed to cover 80% of the annual heat needs of Hamina’s district-heating network.
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From 2023 to 2025, Google’s Hamina operations supported an ecosystem of more than 600 Finnish suppliers, including DNA, Elisa and Nokia, across construction, operations and network infrastructure.
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Google has signed power-purchase agreements with domestic onshore wind providers and contracted a new battery system to help balance Finland’s electricity grid and stabilize power prices.
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The Hamina data center supports a broad range of jobs beyond technical roles, including electrical and mechanical engineering, security, catering and facilities management.
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Prime Minister Petteri Orpo said the investment’s significance extends beyond direct capital spending, arguing that the data economy can spur innovation, research and development across Finland.
Google plans to invest at least €13 billion ($15 billion) in Finland from 2027 through 2028, its largest single investment in Europe, according to Market Screener. The massive spending will fund at least three new data centers and expand the company's existing Hamina facility to support artificial-intelligence infrastructure across the Nordic country.
The project spans four locations: Hamina, Kajaani, Muhos, and Vaala. Euronext reports Google has also signed its first nuclear power contract outside the US as part of the effort. Prime Minister Petteri Orpo called the investment a vote of confidence in Finland's low-carbon electricity and climate conditions ideal for data centers.
Why Finland Attracted Google's Biggest European Bet
Finland's electricity grid is uniquely suited for data centers. The country produces abundant low-carbon power and has cold climate conditions that reduce cooling costs. TipRanks notes this is Google's largest single European investment ever. The company's presence in Finland dates back 15 years—it acquired a former paper mill in 2009 and converted it into the Hamina data center.
Hamina already uses seawater cooling and an offsite heat-recovery system that covers 80% of the area's annual district-heating needs. From 2023 to 2025, Google's Hamina operations supported more than 600 Finnish suppliers, including DNA, Elisa, and Nokia, across construction and network infrastructure.
Renewable Energy and Grid Stability Investments
Google is not just building data centers—it is also funding clean-energy infrastructure. The company has signed power-purchase agreements with domestic onshore wind providers and contracted a new battery system to help stabilize Finland's electricity grid and balance power prices.
These energy commitments go beyond the €13 billion headline figure. Google also plans to support grid upgrades and energy-affordability initiatives nationwide. This dual focus on computing power and renewable energy reflects the company's bet that stable, low-carbon electricity is essential for Europe's AI economy.
Economic Impact and Job Creation for Finland
The construction phase alone could add roughly $3.6 billion to Finland's economy, according to Market Screener. Once the data centers are operational, the project is expected to support approximately 7,000 jobs annually across technical and non-technical roles.
Prime Minister Orpo emphasized the investment extends far beyond direct capital spending. He argued the data economy can spark innovation, research, and development across Finland. Google will also fund biodiversity initiatives, education programs, research partnerships, and workforce development—creating ripple effects throughout the country's tech sector.
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