Rystad Forecast Sees Finland’s Data-Center Installed Capacity Reaching 5 GW by 2035

Rystad Energy expects Finland’s installed data-center capacity to rise from 0.8 GW in 2026 to 5 GW by 2035. If realised, the forecast would place Finland as Europe’s fifth-largest data-center market by that date.

The projected build-out would materially change the sector’s position in the national power system. Rystad estimates that data centers could account for about 15% of Finland’s electricity consumption by 2030. The available source also describes data centers as Finland’s largest electricity buyers, ahead of industrial companies, although it does not provide the measurement period or comparison methodology.

Power procurement is becoming a central consideration in that expansion. Google and Fortum have entered a 22-year agreement for 507 MW of electricity supply from the Loviisa nuclear power plant. Deliveries are planned to begin in 2028. The source does not specify what portion of Google’s data-center load the agreement will cover, or whether the 507 MW represents the full demand of any particular facility.

If Rystad’s projection is achieved, Finland could become one of Europe’s fastest-growing data-center markets. In that scenario, access to long-term baseload generation, grid interconnection capacity, and the integration of renewables with storage could become both a development constraint and a competitive differentiator for new projects.