Data center expansion in the world is changing fast: while the U.S. boasts “data center alley” in Virginia and tax incentives for data center investment, Finland has rapidly come onto the scene as one of the largest data center magnets in Europe. The country is one of Europe’s quickest growing AI markets, and major AI and big tech corporations such as Microsoft and TikTok have already pledged billions in investments into Finland, enticed by its growing role in Europe’s AI economy. But the latest and largest commitment came Wednesday, when Google announced its largest investment in Europe yet: an investment of at least €13 billion ($15.1 billion) in AI infrastructure in Finland over the next two years.
“This is Google’s largest single investment in Europe and a testament to Finland’s leadership in responsibly building AI infrastructure,” Google said in a statement. This demonstrates “what is possible through strong partnerships to create long-term community value and world-class environmental sustainability.”
The investment will support data centers and energy infrastructure at four locations in the country. Google said it will also invest in grid upgrades, renewable energy and other projects intended to support the power demands of its AI infrastructure.
