Hawaiian Electric sells solar, battery storage assets to Fortistar, Epic Star

Hawaiian Electric (HE) Industries announced the closing of the sale of Pacific Current’s solar and battery storage assets to Fortistar and Epic Star Energy. The transaction is not expected to be material to HEI’s financial statements. The sale includes all of Pacific Current’s operating solar and battery energy storage facilities on Kauai, Oahu and Maui. The transaction continues HEI’s execution of its Pacific Current divestment and follows the March 2025 sale of the subsidiary’s Hamakua Energy facility. The strategic review process for Pacific Current’s remaining asset, a biomass plant on Kauai, is ongoing. “This transaction is another milestone on our path to a streamlined HEI enterprise focused on our core utility business,” said HEI CEO Scott Seu. “We believe Epic Star’s expertise in renewable energy will make it a good partner for Hawaii as our state continues on its path to a more clean, reliable and resilient energy future.”