Google Signs 22-Year Nuclear PPA for 50% of Finland's Loviisa Plant
GOOG sits 44% above its 52-week low of $233.38.
Summary
Google has signed a 22-year power purchase agreement with Fortum for up to 50% of the Loviisa nuclear plant's capacity through 2050. The deal supports Google's announced EUR13 billion investment in Finland over the next two years. For Fortum, the PPA is expected to lift comparable RONA by 1.4 percentage points over time. This is a long-term, large-scale clean energy commitment that secures stable power for Google's data center expansion in the region.
At the time of this announcement, GOOG was trading at $335.26 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.1T. The 52-week trading range was $233.38 to $404.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.