Nebius Plans 310-MW AI Data Center in Finland

Nebius Group, an AI infrastructure provider, announced plans Tuesday to build a 310-megawatt data center in Lappeenranta, Finland, positioning it as one of Europe's largest dedicated AI facilities with an estimated value exceeding 10 billion euros. The project, developed in partnership with Finnish firm Polarnode, will come online in phases starting in 2027 and support AI model training and applications without tying to a single customer.

The facility, located near Finland's eastern border with Russia, highlights Nebius's aggressive expansion in Europe amid surging demand for AI computing power. Company executives cited the site's low energy costs, abundant renewable electricity, and cold climate as key factors reducing operational expenses, particularly for cooling. "Lappeenranta ticked all the boxes, such as quick land availability and grid capacity," said Tom Blackwell, Nebius's chief communications officer. The data center will consume enough electricity to power up to half a million Finnish households and represent about 10 percent of Nebius's total planned capacity.

This marks Nebius's second major project in Finland this year, following a 75-megawatt site in Mäntsälä that...