GPU cloud by country

Why do prices and providers differ between, say, Finland and Italy? This page puts the cheapest H100 we track in each country next to two country facts from Ember: wholesale power price and grid carbon. It is context for renting GPUs, not advice on where to build a data centre.

Wholesale power ranged from €57/MWh in Finland to €207 in Italy (Sep 2026).
Grid carbon ranged from 27 gCO₂/kWh in Sweden to 617 in Poland (Jun 2026).
Cheapest H100 with a confirmed data centre: €2.80/GPU-h in France (OVHcloud). The cheapest EU H100 overall may sit in a country where the provider doesn't publish its data-centre location: see all.
Power is one input: GPU prices also depend on the provider's hardware deal, utilisation and margin, so cheap power ≠ cheap GPUs.

Comparison table

Country	Cheapest H100 €/GPU-h	Providers with a DC there	Power €/MWh	Grid gCO₂/kWh	Largest power source
Finland	€4.00Nebius	1Nebius	€57	47	Nuclear 47%then wind 24%
France	€2.80OVHcloud	3Nebius, OVHcloud, Scaleway	€143	30	Nuclear 69%then solar 11%
Germany	quote only	1IONOS	€145	275	Solar 36%then wind 20%
Italy	€1.89*Seeweb (HQ)	0HQ only: Seeweb	€207	249	Gas 39%then solar 28%
Luxembourg	€2.73*Gcore (HQ)	0HQ only: Gcore	€145	83	Solar 58%then wind 25%
Netherlands	–	0HQ only: Nebius	€152	222	Solar 34%then gas 29%
Poland	€2.87Scaleway	1Scaleway	€150	617	Coal 51%then solar 24%
Spain	–	1Nebius	€143	130	Solar 34%then nuclear 20%
Sweden	–	0HQ only: evroc	€75	27	Hydro 45%then wind 24%

H100 = cheapest verified on-demand list price for a data centre confirmed in that country (provider docs); * = provider headquartered there but no data-centre location published. Power = average wholesale price Sep 2026; grid = average carbon intensity Jun 2026; source Ember (CC-BY-4.0). Germany and Luxembourg share one wholesale price zone. Tap a header to sort.

Country notes

Finland · €57/MWh · 47 gCO₂/kWh

Why Finland? Context in 3 lines

Power: €57/MWh wholesale (Sep 2026, cheapest of the 9 countries we track). Grid: 47 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source nuclear (47% of generation), then wind (24%), Jun 2026.
Here: we track 3 public GPU prices from 1 provider with a data centre in Finland (Nebius).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in Finland

France · €143/MWh · 30 gCO₂/kWh

Why France? Context in 3 lines

Power: €143/MWh wholesale (Sep 2026, 4th cheapest of 9). Grid: 30 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source nuclear (69% of generation), then solar (11%), Jun 2026. Net exporter of power that month.
Here: we track 15 public GPU prices from 3 providers with a data centre in France (Nebius, OVHcloud, Scaleway).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in France

Germany · €145/MWh · 275 gCO₂/kWh

Why Germany? Context in 3 lines

Power: €145/MWh wholesale (Sep 2026, 5th cheapest of 9). Grid: 275 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source solar (36% of generation), then wind (20%), Jun 2026.
Here: we track 1 public GPU price from 1 provider with a data centre in Germany (IONOS).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in Germany

Italy · €207/MWh · 249 gCO₂/kWh

Why Italy? Context in 3 lines

Power: €207/MWh wholesale (Sep 2026, most expensive of the 9 countries we track). Grid: 249 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source gas (39% of generation), then solar (28%), Jun 2026. Italy imported 15% of the power it used.
Here: no public GPU price we track names a data centre in Italy; 1 provider we follow is headquartered here (Seeweb).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in Italy

Luxembourg · €145/MWh · 83 gCO₂/kWh

Why Luxembourg? Context in 3 lines

Power: €145/MWh wholesale (Sep 2026, 5th cheapest of 9). Grid: 83 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source solar (58% of generation), then wind (25%), Jun 2026. Luxembourg imported 68% of the power it used.
Here: no public GPU price we track names a data centre in Luxembourg; 1 provider we follow is headquartered here (Gcore).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in Luxembourg

Netherlands · €152/MWh · 222 gCO₂/kWh

Why the Netherlands? Context in 3 lines

Power: €152/MWh wholesale (Sep 2026, 8th cheapest of 9). Grid: 222 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source solar (34% of generation), then gas (29%), Jun 2026. Net exporter of power that month.
Here: no public GPU price we track names a data centre in the Netherlands; 1 provider we follow is headquartered here (Nebius).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in Netherlands

Poland · €150/MWh · 617 gCO₂/kWh

Why Poland? Context in 3 lines

Power: €150/MWh wholesale (Sep 2026, 7th cheapest of 9). Grid: 617 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source coal (51% of generation), then solar (24%), Jun 2026.
Here: we track 1 public GPU price from 1 provider with a data centre in Poland (Scaleway).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in Poland

Spain · €143/MWh · 130 gCO₂/kWh

Why Spain? Context in 3 lines

Power: €143/MWh wholesale (Sep 2026, 3rd cheapest of 9). Grid: 130 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source solar (34% of generation), then nuclear (20%), Jun 2026.
Here: we track 1 public GPU price from 1 provider with a data centre in Spain (Nebius).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in Spain

Sweden · €75/MWh · 27 gCO₂/kWh

Why Sweden? Context in 3 lines

Power: €75/MWh wholesale (Sep 2026, 2nd cheapest of 9). Grid: 27 gCO₂/kWh (Jun 2026; EU average 189).
Mix: largest source hydro (45% of generation), then wind (24%), Jun 2026. Net exporter of power that month.
Here: no public GPU price we track names a data centre in Sweden; 1 provider we follow is headquartered here (evroc).

GPU cloud prices are set by each provider; electricity is only one of their costs, so a cheap-power country doesn't guarantee cheap GPUs. Country averages from Ember (CC-BY-4.0), not a specific data centre's contract. Compare all countries →

GPU cloud in Sweden

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