Who owns the compute
Google is paying to keep a Finnish reactor running for 22 years to power four data centres
A 13 billion euro commitment across 2027 and 2028 arrives with 629 MW of new wind, a 94 MW battery, and a power purchase agreement tied to extending the life of Loviisa.
Google committed 13 billion euros across four Finnish sites for 2027 and 2028. To power them it is contracting 629 megawatts of new-to-grid onshore wind, against a Finnish grid where the Loviisa reactor alone supplies a tenth of national electricity, plus a 94 megawatt battery system due near Kajaani in late 2027.
The line that matters is not the wind. It is a 22-year power purchase agreement with Fortum tied to a life extension of that same Loviisa plant. A hyperscaler underwriting the continued operation of an existing reactor is a materially different act from signing new-build renewables, and it is the only item in this release that changes the grid rather than adding to it.
Two more details sit below the headline. Hamina’s seawater cooling is designed to cover 80 per cent of the local district heating network’s annual heat needs, which makes the waste heat a contracted municipal input rather than a disposal problem. And the durable employment figure is 7,000 annual operational jobs against 37,000 construction-phase jobs, a fifth of the number that leads the release.
The release states generation capacity and never states data-centre IT load, so the megawatt figures describe what is being bought and not what will be served.
What it changes Nothing here adds European capacity you can buy this year. If you are modelling EU-region pricing, assume supply loosens after 2027 rather than before, and do not read the generation figures as capacity numbers.
Every figure is self-reported and unaudited. Whether the capacity is committed to Google Cloud customers or to internal training is not stated, nor is whether the 13 billion euros is incremental or restates prior commitments.
Primary source read
Google Deepens Commitment to Finland with Two-Year €13 Billion investment in AI Infrastructure