Foxconn and Brookfield have partnered to develop renewable energy projects in Vietnam to support Foxconn’s operations and supply chain partners. The collaboration aims to develop up to 1 GW of utility-scale wind, solar, and battery storage capacity across the country. The projects will be backed by long-term power purchase agreements and jointly managed by both companies. Brookfield will utilise its Catalytic Transition Fund for the project development.
Brookfield’s Catalytic Transition Fund is its major investment vehicle for financing projects related to net zero transition in emerging markets including Southeast Asia. Through this fund Brookfield also took ownership of a 100 MW operational wind project under a long-term contract in the central region of Vietnam.
In November 2025, Brookfield Asset Management made its initial renewable energy investments in the Philippines, Vietnam and Thailand, establishing a new regional decarbonisation platform. The firm has acquired Alba Renewables, a clean energy developer with a 1.8 GW pipeline of wind, solar and battery energy storage system projects concentrated mainly in the Philippines and Thailand.
Around the same time in 2025, Brookfield entered into a joint investment framework agreement with Solarvest Holdings Bhd to jointly develop, construct, and operate more than 1,500 MW of utility-scale solar and battery energy storage system projects. These projects will be developed in Malaysia over the next three to five years.
REGlobal’s Views: This deal helps expand Brookfield’s portfolio into a market with strong policy backing, rapid industrial growth, and increasing electricity demand. Vietnam is witnessing a massive demand for renewables in the C&I space, providing ready investment hotspots for global investors like Brookfield.