Google to invest 13 billion euros in AI infrastructure in Finland - The Business Times
Google to invest 13 billion euros in AI infrastructure in Finland - The Business Times
摘要: Search
Subscribe
Google to invest 13 billion euros in AI infrastructure in Finland
The investments will include the construction of at least three
正文
Subscribe
Google to invest 13 billion euros in AI infrastructure in Finland
The investments will include the construction of at least three new data centres
Summarise
Add BT as a preferred source
Add BT as a preferred source
Published
Wed, Sep 9, 2026 · 06:32 PM
Google’s move is part of a large-scale build-out of computing capacity in the Nordic country. PHOTO: REUTERS
[HELSINKI] Alphabet’s Google is planning its biggest investment in Europe, an artificial intelligence infrastructure build out worth at least 13 billion euros (US$15.1 billion) in Finland.
The investments over the next two years will include the construction of at least three new data centres as well as the expansion of its existing data centre in the southeastern city of Hamina, the company said in a statement on Wednesday (Sep 9).
Google’s move is part of a large-scale build-out of computing capacity in the Nordic country, coming on top of an estimated 43 billion euros worth of projects being planned or executed.
Those projects are taking advantage of Finland’s relatively cold climate, which requires little cooling and where heat generated by the servers can be captured to warm up homes. In addition, 96 per cent of electricity in the Nordic country is based on carbon-free production, mostly a mix of nuclear and renewable power. There’s also plenty of available fresh water, and most data centres in Finland are built with a closed loop system reducing water waste.
“Google is proud to deepen our roots in Finland with the company’s largest single investment in Europe,” chief investment officer Ruth Porat said in a statement.
The announcement buoyed local companies that will benefit from the project. Shares in utility Fortum Oyj, which will sell Google half the output of its Loviisa nuclear power plant, rose more than 11 per cent, the most in almost four years.
Asean Intelligence
Get insights into businesses across South-east Asia
Get the free report
Network infrastructur