Microsoft · Google · Russia · Datacenter Dynamics
Google has also picked up large swathes of land in Kajaani and Muhos for further development
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Microsoft is also developing in Finland around Helsinki.
Key facts
- The change amends the Act on Excise Duty on Electricity and Certain Fuels, forcing operators to pay 40 times more on electricity taxes, pushing the rate up from €0.0006 ($0.0007) per kWh
- A 2025 study commissioned by the Confederation of Finnish Industries and the Finnish Data Center Association (FDCA) suggests Finland’s data center market currently totals around 285MW
- A 2025 report from the Digital Economic Security Lab, a joint research group between Finland’s Aalto University and the UK’s Oxford University, found 40 operational data center sites in Finland
- DC Byte research suggests the country added more than 1.4GW of total IT load (live, under construction, and committed and early stage supply) in 2023 and 2024, placing it third behind the Nordics
Summary
The data center industry has long loved talking about the Nordics. But times are changing. Has the demand for land and power amid an AI boom finally staved off fears over neighboring Russia? Though the numbers vary depending on your source material, Finland’s data center market has long been smaller than that of neighboring Norway and Sweden, with a heavy focus on retail colocation in the Helsinki region. A 2025 study commissioned by the Confederation of Finnish Industries and the Finnish Data Center Association (FDCA) suggests Finland’s data center market currently totals around 285MW, but could surpass 1.5GW by 2030, with total announced projects surpassing 3.4GW.