Taiwan’s Foxconn and global investment firm Brookfield will jointly develop up to 1 GW of utility-scale wind, solar, and battery capacity in Vietnam, underpinned by long-term power purchase agreements, to support Foxconn’s operations and supply chain in the country.
In a statement on Tuesday, Foxconn said the two sides have reached a strategic partnership for the move. The partnership can progress in line with Vietnam’s evolving direct power purchase agreement (DPPA) framework.
Brookfield, based in the United States, will leverage its Catalytic Transition Fund for the collaboration. The fund invests in renewable energy solutions in emerging markets and is backed by $1 billion of catalytic capital from ALTÉRRA. Both parties will collaborate on investment and asset management of targeted projects.
Daniel Cheng, Brookfield’s Asia Pacific Head of Energy, said the partnership underscores the scale of corporate demand for renewable power in Vietnam, one of Asia’s fastest-growing economies. Global manufacturers are increasingly turning to renewables for cost-competitiveness, energy security, and speed to market, the executive added.
James Tu, Chief Investment Officer of Foxconn, said the partnership ensures stable and cost-effective power supply for the company’s continued growth in the region.
Brookfield is a global investment firm with more than $1 trillion in assets under management, headquartered in New York, with operations in over 30 countries. Foxconn is the world’s largest electronics manufacturer, ranking 28th in the Fortune Global 500, with revenue of approximately $260 billion in 2025 and operations across 24 countries.
Foxconn has been investing in Vietnam, particularly Bac Ninh province, since 2007, with a total investment of $4 billion, employing 130,000 people. Foxconn inaugurated its Vietnamese office in Hanoi in April 2026, in order to improve its management and cooperation with the Vietnamese authorities. Foxconn regards Vietnam not only a key production hub but also a regional innovation center, said Foxconn Vietnam CEO Chou I Wen.
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