Article · AI translation
IT Home reported on October 10 that Bloomberg, citing data from the Confederation of Finnish Industries in an article this week, said Finland has attracted more than €67 billion (IT Home note: approximately 503.167 billion yuan at the current exchange rate) in data center construction investment from multiple companies.
Finland’s relatively low temperatures reduce data center cooling costs; the country also has relatively abundant renewable energy, a well-developed power grid, and many vacant large industrial sites, all of which facilitate data center construction.
Of this €67 billion in investment, €2.2 billion has already entered operation, €14.7 billion is undergoing feasibility studies, €22.3 billion is in the planning stage, and another €27.9 billion is subject to investment decisions.
On October 8, French AI infrastructure company Sesterce announced plans to invest more than €10 billion in a data center campus on the former site of a paper mill in Finland, with a long-term computing capacity target of more than 1 GW; Applied Digital also plans to build a GW-scale facility in the country; data center operator atNorth has planned a 230 MW project; and Alibaba Cloud also has plans for computing capacity in Finland.
However, the surge in data center projects has also raised a series of issues for Finland, including the adequacy and pricing of its electricity supply, while Google’s project has been suspended because of its environmental impact.