Google to invest $15 billion into AI infrastructure in Finland in biggest-ever Europe investment
Google to invest $15 billion into AI infrastructure in Finland in biggest-ever Europe investment. Google on Wednesday said it would invest 13 billion euros ($15. 1 billion) into AI infrastructure in Finland, marking the tech giant's largest single investment in Europe.
What happened
1 billion) into AI infrastructure in Finland, marking the tech giant's largest single investment in Europe. "Google is proud to deepen our roots in Finland with the company's largest single investment in Europe, building on more than 15 years of sustained investment in Finland," Ruth Porat, president and chief investment officer of Alphabet and Google, said in a statement. Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuKey PointsThe investment marks Google's largest single investment in Europe, the company said. "This investment underscores Google's commitment to grow our presence responsibly, pairing the expansion of our technical infrastructure with new energy capacity, grid enhancements, and energy affordability initiatives.
In this articleFOT-FFFOT-FFMSFTGOOGLNBISMETAFollow your favorite stocksCREATE FREE ACCOUNTGoogle on Wednesday said it would invest at least 13 billion euros ($15. Google will deploy the capital through 2028, including into data centers and other supporting investments like energy projects, the company said in a statement. "Finland is seeing huge demand for AI infrastructure right now, I've heard it called the 'Texas of Europe' at industry events," Matti Lajunen, partner of real estate at Finnish law firm Hannes Snellman, told CNBC.
The wider picture
Google in November said it would invest $40 billion in Texas through 2027. "The value of the data economy extends far beyond direct investment into spurring innovation, research, and development," said Finland's Prime Minister Petteri Orpo. "Finland's booming data center sectorSeveral data center projects with potential capacities of hundreds of megawatts have been announced in Finland in recent months. 74 billion) to build a 110-megawatt campus in Finland, with the potential to scale beyond 550 megawatts. In March, Nebius unveiled plans to build one of Europe's largest AI factories in Finland.
CNBCAlongside Fortum, Google said it would "work to identify new business models to improve the commercial viability of potential new nuclear reactors" at its Loviisa site, a town in Southern Finland. Finland has also been an attractive location for digital infrastructure supporting social media workloads, with TikTok planning on expanding its data center capacity in the country. "Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
What has been reported
Plus, it’s great to have a $700 investment dangling near your waist while you walk down the street. Finland has emerged as a key location for data centers amid the AI boom, with hyperscalers and developers eyeing its available land and power. Fortum's stock jumped 11% after Google said it signed a 22-year life extension power purchase agreement with the Finnish energy company. "What we're now seeing is weekly new inquiries for market entry into Finland from new players.
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It added that it has signed a 22-year life extension power purchase agreement (PPA) with Finnish energy company Fortum — which saw its stock jump 11% on the news.
What happens next
Arcem has plans for a site with up to 500 megawatts capacity. "Texas has become one of the leading locations for AI data centers globally, with a number of huge projects announced by hyperscalers and AI labs, including Meta, Microsoft and Anthropic. A map showing data centers across the United States. TechGadgetsTL;DRA word with a woman who’s trying to pull off a crossbody phone strapShe’s beauty and she’s grace, she’s got embarrassment written all over her face. She’s beauty and she’s grace, she’s got embarrassment written all over her face. by Allison JohnsonSep 8, 2026, 2:04 PM UTCForm meets function?
Image: Peak DesignAllison Johnson is a senior reviewer with over a decade of experience writing about consumer tech. She has a special interest in mobile photography and telecom. It’s a fun and youthful way to carry your phone.
The report has been compiled by The Daily Waves using information reported across cnbc.com, theverge.com. Details are presented according to the information available at the time of publication and may change as authorities, organisers or other relevant parties provide updates.