Fortistar and Epic Star Energy announced the acquisition of a renewable energy portfolio from Pacific Current, a subsidiary of Hawaiian Electric Industries (HEI). A utility-scale solar plant on Kauai and multiple other active renewable energy projects make up the acquired portfolio. On August 1, 2025, the purchase was finalized. For many more decades of service to Hawaii, Epic Star will continue to operate the portfolio under long-term contracts, delivering smooth, sustainable power.
The management team of Epic Star has extensive experience in the development of renewable energy in Hawaii, having previously created one of the biggest solar and battery projects on Oahu, which is presently being built. When feasible, Epic Star, a Fortistar portfolio company, develops and invests in battery storage solutions alongside solar and other sustainable energy sources. For more than three decades, Fortistar has demonstrated success in creating, acquiring, and managing assets.
“The sale of this portfolio ensures that these important renewable assets continue to provide clean power to our communities,” stated 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 purchase of this portfolio gives Epic Star’s established development team a platform to concentrate on creating more environmentally friendly energy projects to meet Hawaii’s strong demand for new renewable power generation, which is backed by state objectives to establish a stable, resilient power supply while safely moving away from the production of fossil fuels and imported oil.
“This diverse portfolio of long-term contracted commercial and utility-scale projects offers a compelling platform for sustainable energy investment in Hawaii. We plan to leverage these existing projects with our strong local relationships to complement our community-centric skillset, ensuring alignment with the community,” stated Henry Yun, CEO of Epic Star.
