Google Commits $15.1 Billion to Finland AI Infrastructure, Signing 22-Year Fortum Power Deal
Updated
Updated · CNBC · Sep 9
Google Commits $15.1 Billion to Finland AI Infrastructure, Signing 22-Year Fortum Power Deal
3 articles · Updated · CNBC · Sep 9
Summary
$15.1 billion — 13 billion euros — will go into Google AI infrastructure in Finland, the company's biggest single investment in Europe.
A 22-year power purchase agreement with Fortum underpins the buildout, pairing new computing capacity with added energy supply, grid upgrades and affordability measures; Fortum shares rose 9%.
Finland is drawing hyperscalers because it still offers land and power that are scarce across much of Europe, making it a favored site for AI-era data centers.
Recent projects show the rush: Pure DC pledged 1.5 billion euros for a 110-megawatt campus that could exceed 550 megawatts, while Arcem and Nebius have also announced major Finnish plans.