Fortistar has more than thirty years experience in owning, managing and acquiring investment portfolios for itself and others. Fortistar was founded in 1974 as an affiliate of one of the largest worldwide insurance companies with its headquarters in the United Kingdom.

Fortistar began investing in the independent power industry in 1986. Shortly thereafter Fortistar successfully completed development of the Lockport Project, a 225 MW gas-fired cogeneration plant in Lockport, New York and the Honey Lake Project, a 30 MW biomass- fired project located in Lassen County, California.

During the ensuing period, Fortistar completed for itself and others the acquisition of project ownership interests in approximately twenty-five transactions with an aggregate investment of $600 million and a total project cost of $2.6 billion. Fortistar has also developed several innovative investment programs.

Fortistar became private in October 1993 and began focusing on owning independent power projects.  Our approach is to build long-term win-win relationships with our partners, our local communities and other stakeholders.

Fortistar’s business model is to own power projects with well structured contractual arrangements which result in a reliable stream of contract cash flow. Our management philosophy is to manage each project or group of projects as a separate business segment. A dedicated site team headed up by a senior manager is responsible for day to day management and profitability of the project or group. A key part of this responsibility is to enhance the contract cash flow and thus increase project value. The home office is responsible for financial matters and to provide overall support and guidance.

Fortistar is actively seeking to expand its ownership through additional acquisitions, and selected development primarily in the green/renewable sector and seeking new technologies to add to the current energy solutions. 

Fortistar has a seasoned management team that has been together for more than ten years. The staff is large enough to manage multiple projects and small enough to react quickly to opportunities and changing market conditions. When a project requires a specialized expertise, we supplement our personnel with outside consultants whose skills meet those needs. It is our way of assuring that each project benefits from the industry’s finest talent in a cost efficient manner.