From Yahoo Finance: 2025-04-30 09:56:00

TikTok plans to invest 1 billion euros in building its first data centre in Finland to store European user data, addressing concerns over Chinese government access. Project Clover aims to invest 12 billion euros over 10 years. TikTok has called bans on the app misguided, stating European data is stored in dedicated enclaves.

TikTok’s first data centre in Norway under Project Clover recently went online. With over 175 million users in Europe, TikTok plans to announce more data centres in the region. Finland’s cold climate and abundant clean energy make it an attractive destination for tech companies like Microsoft and Meta to build data centres.

Nordic countries, including Finland, are seeing a surge in planned data centres, valued at 13 billion euros and 1.3 gigawatts in capacity. Microsoft President Brad Smith highlighted Finland’s appeal for infrastructure building due to its access to carbon-free energy and strong connectivity to serve Europe.

Read more: Exclusive-TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms