Epic Star Energy and Fortistar Partner to Expand Renewable Energy in Hawaii

Epic Star Energy and Fortistar: A New Era of Renewable Energy in Hawaii

On August 1, 2025, a significant transaction took place in Hawaii's energy sector as Epic Star Energy, alongside Fortistar, finalized the acquisition of a renewable energy portfolio from Pacific Current, a subsidiary of Hawaiian Electric Industries (HEI). This new partnership not only extends the reach of renewable energy sources in Hawaii but also underscores a commitment to environmentally sustainable practices within the state.

Understanding the Deal

The newly acquired portfolio features a utility-scale solar project located on the picturesque island of Kauai along with several other renewable energy projects that are already operational. With this acquisition, Epic Star Energy aims to manage and optimize these resources under long-term contracts, ensuring reliable and renewable power for many decades to come.

Scott DeGhetto, the Executive Vice President and CFO of HEI, commented on the partnership, stating, "The sale of this portfolio ensures that these important renewable assets continue to provide clean power to our communities." This sentiment highlights the critical role that renewable energy plays in the transition away from fossil fuels.

Epic Star Energy's Expertise

Epic Star Energy, which operates as a part of Fortistar's portfolio, is particularly well-suited to take on this venture thanks to a team well-versed in the Hawaii renewable energy development space. The management team at Epic Star has already demonstrated its capability by developing one of Oahu's largest solar and battery projects, which is currently under construction.

Henry Yun, CEO of Epic Star, remarked on the potential of the acquired projects: "This diversified portfolio of long-term contracted commercial and utility scale projects represents an attractive platform for sustainable energy investment in Hawaii." He emphasized that the company's local relationships will enable them to align their projects with community needs, which is a cornerstone of Epic Star's development philosophy.

Fortistar's Role

Fortistar, established in 1993, is recognized for its investment prowess, particularly in the sustainability sector. With a successful history of developing, owning, and operating energy assets for over 30 years, Fortistar’s capabilities are expected to augment the endeavor significantly. The firm has generated over $3.5 billion in capital for various projects, and this recent acquisition aligns perfectly with its strategic direction toward decarbonization and renewable energy.

The Future of Energy in Hawaii

The acquisition represents a broader trend in Hawaii's energy landscape, which is progressively moving toward renewable sources. This shift is in response to the state’s ambitious goals to create a reliable, environmentally friendly power supply while moving away from imported oil and fossil fuels.

As Hawaii presses forward with its clean energy agenda, the collaboration between Epic Star Energy and Fortistar signifies a crucial step in expanding the state's renewable energy capacity. The added infrastructure and expertise provided by Epic Star and Fortistar will support local efforts to enhance energy resilience and sustainability, thriving in an era where green energy solutions are increasingly vital.

Conclusion

As Hawaii continues its journey toward a cleaner, renewable energy future, the partnership between Epic Star Energy and Fortistar stands as a beacon of hope. By combining resources and expertise, these companies are well-positioned to not only meet the growing energy demand but also to lead Hawaii toward a sustainable energy transformation.

For ongoing updates about this exciting development and other sustainable energy initiatives, visit Epic Star Energy and Fortistar.