Cherry Street Energy Expands Renewable Portfolio With Multi-State Solar Acquisition

Cherry Street Energy has announced the acquisition of 16 operating distributed generation projects from Inman Solar, a move that significantly expands Cherry Street’s renewable energy footprint and strengthens its long-term growth strategy across the Southeast and beyond.

The deal adds 12.7 megawatts of operating capacity to Cherry Street’s portfolio, with projects located in Georgia, Florida, Washington, D.C., South Carolina, and Michigan. Of that total, 7.3 megawatts are based in Georgia, Cherry Street’s home state, with an average contract length exceeding 20 years. The remaining 5.4 megawatts across other states carry average contract terms of about 15 years. Collectively, the projects are expected to produce more than 20,000 megawatt-hours of electricity annually.

Most of the Georgia-based projects sell their energy and renewable attributes to Georgia Power under Georgia Public Service Commission–approved solar programs. The acquisition diversifies Cherry Street’s revenue through long-term utility off-take agreements while building on the company’s experience owning and operating solar assets.

Michael Chanin, founder and CEO of Cherry Street Energy, said the acquisition aligns with the company’s focus on long-term asset ownership and future grid needs. He noted that many of the newly acquired sites are strong candidates for battery storage integration, which could allow the projects to provide dispatchable renewable power and additional grid services as demand for clean energy grows.

Battery storage potential was a key driver in the transaction. Cherry Street plans to evaluate co-locating energy storage systems at the sites to enhance grid reliability and increase the overall value of the assets as renewable penetration continues to rise across the Southeast.

For Inman Solar, the transaction allows the company to shift its focus away from asset ownership and toward its core work in engineering, procurement, construction, and development. Inman Solar Vice President Otso Lehmussaari said the company was confident the projects would continue to perform under Cherry Street’s ownership, citing a shared commitment to long-term value and performance.

Cherry Street Energy said it plans to continue pursuing acquisitions in 2026, targeting both operating projects and late-stage developments, while maintaining its broader mission of delivering renewable energy solutions to municipalities, manufacturers, schools, and other organizations throughout the region.