Foxconn Partners with Brookfield to Invest in 1GW Solar and Wind Power in Vietnam
Claire Weston
Foxconn and Brookfield will co-invest in a 1 GW solar and wind project in Vietnam, with battery storage, to power Foxconn's factories and suppliers. This means Foxconn's supply-chain diversification now extends from manufacturing into energy infrastructure.
What exactly is the project?
Foxconn and investment firm Brookfield are building 1 GW of solar and wind capacity in Vietnam, paired with battery storage.
Power will be procured through a direct power purchase agreement (DPPA — a contract letting a company buy electricity straight from a generator, bypassing the grid utility).
In plain terms = Foxconn is not just building factories in Vietnam; it now wants to control the electricity those factories run on.
Why is Foxconn investing in energy?
Foxconn currently employs over 100,000 workers across five Vietnamese provinces, producing iPads, EV components, and AI data-center switch trays.
Vietnam is gradually opening direct power trading between private companies, under pressure from Middle East conflicts and summer heat waves straining the grid.
This means → Vietnam's power supply is not reliable enough for Foxconn's scale. If electricity falters, entire production lines shut down — so Foxconn is locking in its own source.
What role does Brookfield play?
Daniel Cheng, Brookfield's Asia-Pacific energy head, said demand for long-term renewable supply across the region is growing steadily as manufacturers shift to clean power.
Brookfield recently acquired a 100 MW wind farm in Vietnam and has expanded alternative-energy investments in Malaysia, Thailand, and the Philippines.
This reflects a systematic Brookfield bet across Southeast Asia: supplying power to large manufacturers on long-term contracts, not selling to residential consumers.
What does this mean for Foxconn's global footprint?
Vietnam is Foxconn's key diversification base after India, Mexico, and the U.S. This deal extends its supply-chain strategy from manufacturing into energy.
Chief Investment Officer James Tu said the partnership secures "stable and cost-competitive power" needed for continued regional growth.
In plain terms = if the "self-built power + manufacturing" model works in Vietnam, Foxconn will likely replicate it in India and Mexico. Site selection for future factories now has a new criterion: can we secure our own electricity?
Content is for reference only, not financial advice.