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Total investment in Finnish data center project has exceeded 67 billion euros

Total investment in Finnish data center project has exceeded 67 billion euros

智通财经智通财经2026/10/08 08:16
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The surge in data center construction in Finland is accelerating. Following last month's announcement by Google, a subsidiary of Alphabet, of its largest investment in Europe to date, several new projects have been unveiled. Thanks to its relatively cool climate, renewable energy supply, and readily available grid connections, multiple companies, including Alibaba Group and Applied Digital, have recently announced plans to invest in and build data centers in Finland. Currently, the total investment for data center projects either planned or underway in the country has exceeded €67 billion (approximately $75 billion).

The boom in data center construction in Finland is accelerating. Following last month’s announcement by Alphabet-owned Google of its largest investment in Europe’s history in the country, several new projects have since been revealed. Thanks to its relatively cool climate, renewable energy supply, and existing grid connections, multiple companies—including Alibaba Group and Applied Digital—have recently announced plans to invest in building data centers in Finland. Currently, the total planned or ongoing investment in data center projects in the country has surpassed €67 billion (approximately $75 billion).
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