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Google signs 507 MW deal for Finland baseload power
The agreement is Finland's first nuclear power purchase agreement, with a 22-year term aimed at supporting a plant that supplied 10% of the country's electricity before planned retirement.
OilPrice reports that data centers are now acting as a key source of financing for new power capacity in Finland, shifting demand from renewable-only contracting toward baseload supply.
The outlet points to Google's 507-megawatt agreement with Fortum at Loviisa, described as Finland's first nuclear power purchase agreement.
According to OilPrice, the contract runs for 22 years and is intended to help keep a nuclear plant in service as the facility that supplied about 10% of Finland's electricity prepares to retire, according to the report.
The article also frames the deal as part of how hyperscale power needs are reshaping procurement for long-duration generation in the Nordic market.