Alphabet’s Google signs Fortum PPA to extend Loviisa nuclear plant operations to 2050

Reuters2026/09/09 07:45

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Alphabet outlined an ESG plan to expand data center infrastructure in Finland while adding carbon-free power to limit grid impact.
Executed a life-extension power purchase agreement for Fortum’s Loviisa nuclear plant, supporting operations through 2050, with potential capacity upgrades.
Alphabet also backed 2 onshore wind projects, lifting contracted new-to-grid wind capacity in Finland to 629 MW.
Planned a 94 MW battery near Kajaani, targeted for late 2027, to help balance the grid and curb price volatility.
Commissioned modeling estimated €520 million in consumer savings over 20 years from siting 1 GW of new demand in Oulu-Kajaani.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alphabet Inc. published the original content used to generate this news brief on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Alphabet’s Google signs Fortum PPA to extend Loviisa nuclear plant operations to 2050

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