October 17, 2019
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Google to invest 3 billion euros in European data centers

 Google's digital expansion plan includes an additional investment of 600 million euros. File Photo: EFE/EPA

Google's digital expansion plan includes an additional investment of 600 million euros. File Photo: EFE/EPA

Helsinki (EFE).- Google has announced plans to invest three billion euros to expand its European data centres.

CEO Sundar Pichai announced on Friday in Helsinki that the United States tech giant will make the investment over the next two years to boost digital infrastructure on the continent.

He said at a press conference, after holding a meeting with the Finnish Prime Minister Antti Rinne, that the company is determined to support European digital ambition by investing in sustainable internet networks and through training workers in digital economy.

The investments will bring the total capital that Google has dedicated to building its internet networks in Europe to 15 billion euros since 2007, according to Pichai.

"Our investments generate economic activity for the region and support more than 13,000 full-time jobs in the EU every year," he said.

Google's digital expansion plan includes an additional investment of 600 million euros in 2020 to increase the capacity of its data center in the Finnish town of Hamina, bringing the total investment in this center to two billion euros since its opening in 2009.

"Our Hamina data center is a significant driver of economic growth and opportunity," Pichai said.

“It also serves as a model of sustainability and energy efficiency for all of our data centers.”

He estimated that the investments in Hamina will generate around 4,300 jobs annually in Finland over the next two years.

He also said that the company will acquire 255 megawatts of locally produced wind energy, which will allow the US giant to cover all of its electricity consumption in the Nordic country with renewable energy.

Almost half of the additional 1,600 megawatts will be produced in Europe

Rinne tweeted after the meeting: “Google’s announcement is excellent news for the Finnish economy.

“It is exactly what my government works for — to get more investments in Finland.”

Pichai also highlighted Google's commitment to sustainability and said that in 2017 the technology giant managed to cover 100% of its global electricity consumption with renewable energy.

As part of that commitment, the company announced on Thursday the largest acquisition of renewable energy in history by a corporation, by increasing its investment in wind and solar energy by 40% with contracts in the US, Chile and Europe.

The operation involved a package of wind and solar energy agreements with a total power of 1,600 megawatts, which places the company’s portfolio in renewable energies at 5,500 megawatts.

Almost half of the additional 1,600 megawatts will be produced in Europe, mainly in wind and solar farms in Belgium, Denmark, Sweden and Finland, which will mean an investment of more than one billion euros, Pichai said.

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