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Google Plans EUR13 Billion AI Infrastructure Investment in Finland

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Google Plans EUR13 Billion AI Infrastructure Investment in Finland

Alphabet's (ABEA.F) Google will invest 13 billion euros in artificial ​intelligence infrastructure in Finland over the next two years, marking its largest single investment in Europe.

The investments include data centers and supporting infrastructure investments and partnerships in Hamina, Kajaani, Muhos and Vaala, as well as electricity grid improvements and clean energy projects across the country, Google said Wednesday.

"The new digital infrastructure will serve as building blocks for Finnish and broader European digital readiness, innovation, and AI development," the company said. It will also help power the company's services such as Gemini, Search, Maps and YouTube.

During the initial construction period between 2027 and 2028, the investments are expected to contribute an annual average of 3.6 billion euros to Finland's gross domestic product and support over 37,000 jobs across the country.

For grid resilience and clean energy, the company is establishing local partnerships with Fingrid and Business Finland to identify locations for Google's infrastructure and grid-friendly connection. It also signed a 22-year life-extension power purchase deal with Fortum (FORTUM.HE), additional onshore wind power agreements with Valorem, and a new 94-megawatt battery system in Kajaani.

Google will also invest 31 million euros over a four-year period in Hamina, Kajaani, Muhos and Vaala to support local community initiatives on education and economic growth. The company will also provide low-income households in the four areas with solar and heat-pump installations.

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