Finland’s Data Center Market to Grow 2,800 MW by 2029 with Major Investments in Helsinki, Espoo, and Oulu Amid Rising Demand for AI and Cloud Infrastructure

Finland’s data center market is poised for substantial growth, with the total IT power capacity expected to surge from over 130 MW in existing facilities to more than 2,800 MW in upcoming developments by 2029, according to a new report by ResearchAndMarkets.com. The "Finland Existing & Upcoming Data Center Portfolio" database offers a comprehensive analysis of the country’s data center landscape, covering 23 operational facilities and 25 planned or under-construction projects. The report provides detailed insights into key metrics across major cities including Espoo, Helsinki, Kajaani, Kouvola, Oulu, Pori, Tampere, Turku, and Vantaa. Data includes white-floor space in square feet, current and projected IT load capacity, rack capacity, power and cooling redundancy, design standards (Tier I to IV), and colocation pricing at both retail and wholesale levels. Retail pricing details are broken down by cabinet size—quarter rack, half rack, and full rack (42U, 45U, 47U, etc.)—while wholesale pricing is provided per kilowatt, offering valuable benchmarks for enterprise clients and cloud providers. The market is led by established players Telia Group and Equinix, which together control more than 45% of the existing rack capacity. However, new entrants such as CompassForge Ventures, Verne, Hyperco, and atNorth are driving significant expansion in the upcoming pipeline. Helsinki and Espoo remain the top hubs for new data center investments, reflecting strong demand from hyperscalers and digital infrastructure providers. Notably, Finland hosts Google’s largest data center in Europe, underscoring the country’s strategic importance in the global data infrastructure network. The nation’s favorable conditions—such as access to renewable energy, cool climate for efficient cooling, and strong digital infrastructure—continue to attract major tech firms and investors. The database includes granular data for each facility, covering operational details like core and shell area, power capacity, year of operation, and design standards. For upcoming projects, information includes investor names, total investment in millions of dollars, breakdown of electrical, mechanical, and construction costs, announcement year, project status (opened, under construction, or planned), and expected opening dates. Key operators and investors profiled in the report include Microsoft, Google, atNorth, Polarnode, XTX Markets, DayOne, Hyperco, Verne, QTS, Regant Oy, Arcem, Suomen Energiainsinoorit Technology Oy, Vatajankoski Oy & Municipality of Merikarvia, FCDC Corp, Asia Pacific Land, TikTok (via Hyperco), CompassForge Ventures, Elisa, Datalahti, Mediam, Hetzner Online, Digita, Oulun DataCenter (GleSYS), and Creanova Datacenter. The report also features infographics comparing existing and upcoming capacity, offering a visual overview of market evolution. It is designed for a broad audience, including data center real estate investment trusts (REITs), construction contractors, infrastructure providers, new market entrants, advisory firms, and government agencies involved in digital infrastructure planning. For further details, visit https://www.researchandmarkets.com/r/mcgkmr. ResearchAndMarkets.com is a leading global provider of market research reports and data, offering up-to-date insights on international and regional markets, emerging industries, top companies, and evolving trends.