Taiwanese manufacturing firm Foxconn (2317.TW) and US investment giant Brookfield will jointly build up to 1 GW of wind, solar and battery storage capacity in Vietnam, the companies announced on June 9, TNGlobal reports. The clean energy will power Foxconn’s factories and logistics supply chain in the country via long-term power purchase agreements.
The deal marks a significant shift for Vietnam’s manufacturing sector, where multinational brands are scrambling to secure green energy to future-proof supply chains against rising international carbon taxes and meet corporate climate targets. Vietnam is one of Asia’s fastest-growing economies, and demand for renewable power is booming as global electronics makers diversify away from China.
The strategic partnership is timed to progress alongside Vietnam’s evolving direct power purchase agreement (DPPA) framework. Brookfield will bankroll the initiative through its Catalytic Transition Fund – an emerging market renewable energy vehicle backed by $1bn of catalytic capital from ALTÉRRA. Both entities will co-manage the investments and the assets.
'The deal highlights the scale of corporate demand for renewable power in Vietnam,' Brookfield Asia Pacific Head of Energy Daniel Cheng said on June 9. Corporate manufacturers are turning to green energy for cost-competitiveness, energy security and faster market deployment.
Foxconn Chief Investment Officer James Tu added that the alliance ensures a stable, cost-effective electricity supply to sustain the company’s regional growth.
The transaction brings massive financial weight to Vietnam's green transition. New York-headquartered Brookfield is a powerhouse asset manager overseeing more than $1 trillion in assets across 30 countries. Meanwhile, Foxconn is the world's premier electronics assembler, ranking 28th on the Fortune Global 500 list after recording revenues of approximately $260bn in 2025 across operations in 24 countries.
Foxconn has deep roots in Vietnam, investing a total of $4bn since 2007, primarily in Bac Ninh province, where it employs 130,000 workers. The manufacturer expanded its administrative presence by opening an office in Hanoi on April 2, 2026, to improve cooperation with Vietnamese regulators. Foxconn Vietnam CEO Chou I Wen noted that the company views Vietnam as both a critical assembly base and a regional hub for technological innovation.
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