Google (GOOGL) - Get Report is investing 3 billion euros ($3.3 billion) to expand its data centers in Europe over the next two years and "reskill the workforce for the new digital economy," CEO Sundar Pichai wrote in a blog post Friday.
The Mountain View, Calif., tech giant will put another 600 million euros into expanding its data center in Hamina, Finland, in 2020, "bringing the total investment by Google to 2 billion euros since 2009. Our investments will support approximately 4,300 jobs in Finland per year on average, over the next two years and beyond," Pichai said.
This latest outlay brings the total investment in Europe's internet infrastructure to 15 billion euros, efforts it began in 2007.
Pichai wrote that Google has created 13,000 full-time jobs in the EU every year, according to a study published today by Copenhagen Economics.
The CEO, who on Friday meets with Finnish Prime Minister Antti Rinne in Helsinki, said that Google made "the biggest corporate purchase of renewable energy in history" and that nearly half the 1,600 megawatts "produced will be here in Europe, through the launch of 10 renewable-energy projects."
Google shares traded down 0.7% at $1,229.84.