Fortistar, and Epic Star Energy (“Epic Star”) announced the acquisition of a renewable energy portfolio from Pacific Current, a subsidiary of Hawaiian Electric Industries (HEI). The acquired portfolio consists of a utility scale solar project on Kauai and several other operating renewable energy projects. The acquisition closed on August 4, 2025. Epic Star will manage the portfolio under long-term contracts going forward, providing seamless, renewable power for many more decades of service to Hawaii.
Epic Star’s management team has deep expertise in the Hawaii renewable energy development space, having previously developed one of Oahu’s largest solar and battery projects currently under construction. Epic Star, a FORTISTAR portfolio company, invests in and develops battery energy storage systems coupled with solar and other sustainable energy resources where practical. FORTISTAR has a successful track record of developing, owning and operating assets for over 30 years.
“The sale of this portfolio ensures that these important renewable assets continue to provide clean power to our communities,” said Scott DeGhetto, EVP & CFO of HEI. “We believe Epic Star’s expertise in developing and operating renewable energy assets will make it a good partner for Hawaii as our state continues on its path to a clean, reliable and resilient energy future.”
The acquisition of this portfolio provides a platform for Epic Star’s proven development team to focus on building more sustainable energy projects to address the robust demand for new renewable power generation in Hawaii supported by statewide goals to create a reliable, resilient power supply while safely transitioning from imported oil and fossil fuel generation.
“This diversified portfolio of long-term contracted commercial and utility scale projects represents an attractive platform for sustainable energy investment in Hawaii. We plan to leverage these existing projects with our strong, local relationships as a complement to our community centric skillset, ensuring alignment with the community” said Henry Yun, CEO of Epic Star.
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