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.