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Europe infrastructure race heats up as Nebius unveils hyperscale data centre plan

U.S. cloud company Nebius plans to build a new AI data centre in Lappeenranta, Finland, with capacity of up to 310 megawatts. The company said it would be among Europe’s largest once operational and expects to begin initial supply to customers from 2027. The announcement comes as AI infrastructure investment accelerates across Europe, while projects face challenges including higher energy prices than in the United States and difficulties connecting to power grids or securing alternative energy sources.