Finland’s Proposed Power Tax Hike Puts Google’s $1B Data Center Project on Ice
Google has halted development of a billion-dollar data center in Finland amid proposed electricity tax reforms that could increase costs dramatically. The tech giant’s investment decision hinges on regulatory stability as Finland weighs taxing data centers at standard commercial rates.
Investment Pause Amid Regulatory Uncertainty
Google has reportedly suspended plans for a major data center development in northern Finland following proposed electricity tax reforms that could substantially increase operating costs. According to sources familiar with the matter, the tech giant acquired 1,400 hectares of land across Kajaani and Muhos municipalities last November for what was intended to be a billion-dollar investment in Finland’s growing data center market.