Google and Fortum Sign Electricity Agreement for Loviisa Nuclear Power Plant
Google has signed a long-term agreement with Fortum to supply electricity from the Loviisa nuclear power plant in Finland.
Technology giant Google has signed a long-term power purchase agreement with Finland's Fortum covering half of the capacity of the Loviisa nuclear power plant.
Long-Term Power Purchase Agreement
This long-term power purchase agreement signed between Google and Finnish energy company Fortum covers the life extension period of the Loviisa nuclear power plant.
Capacity and Schedule Details
The agreement will start with a reduced capacity in 2028 and will cover 50% of the Loviisa facility's capacity between 2030 and 2049.
Data Center Investments in Finland
This agreement coincides with Google's announcement that it will invest 13 billion euros in data centers and infrastructure in Finland over the next two years.
Current Status of the Loviisa Plant
Consisting of two VVER-440 type pressurized water reactors, Loviisa is Finland's first nuclear power plant and provides more than 10% of the country's electricity.