Cherry Street Energy announced it has acquired a portfolio of 16 operating distributed generation projects from Inman Solar, adding 12.7 megawatts of solar capacity across five states and expanding its base of long-term contracted renewable assets.
The acquired projects span Georgia, Florida, Washington, D.C., South Carolina, and Michigan, and are expected to produce an annual baseline of 20,073 megawatt-hours. Cherry Street said the portfolio includes 7.3 MW (DC) in Georgia with an average contract tenure of more than 20 years, plus 5.4 MW across the other states with an average tenure of 15 years.
Most of the sites are located in Georgia, where Cherry Street is headquartered. The company said the energy and renewable attributes from those projects are sold to Georgia Power under solar programs approved by the Georgia Public Service Commission.
Cherry Street framed the transaction as a step in its strategy to build long-term value through ownership and operation of power generation assets, while diversifying revenue through utility off-take agreements. The company also pointed to the potential to add battery storage at many of the sites, which it said could increase the projects’ grid value by enabling dispatchable renewable power and additional grid services.
Inman Solar, meanwhile, is exiting asset ownership to concentrate on engineering, procurement and construction (EPC) services and development, according to the companies. Cherry Street said it plans to continue pursuing acquisitions in 2026, targeting operating projects as well as late-stage developments, alongside its focus on supplying renewable energy to commercial, institutional, and public-sector customers.
Cherry Street describes itself as a leading provider of on-site solar power for commercial and institutional customers in the Southeast, designing, installing, owning and operating systems for private companies and local governments. Inman Solar, founded in 2009, said it has completed 200 solar installations totaling more than 300 MW and develops projects in Georgia while providing EPC services across the eastern U.S., with an emphasis on community solar markets in Illinois and the Mid-Atlantic.
KEY QUOTES:
“As a power company, Cherry Street continues to focus on building long-term value through the ownership and operation of power generation assets. Importantly, these sites present excellent opportunities for future battery storage integration, which will enhance their value to the grid and support the continued economic development across the Southeast.”
Michael Chanin, Founder & CEO, Cherry Street Energy
“Transacting with Cherry Street was a pleasant and efficient process. We know these projects are in good hands with Cherry Street based on the company’s commitment to building long-term value and performance. It’s great to partner with a company that shares the same vision for powering a distributed generation network.”
Otso Lehmussaari, Vice President, Inman Solar
