New York-based distributed generation developer GS Power Partners has hired an advisor for an imminent launch of a debt raise for construction and permanent capital, two sources told Infralogic.

The facility will back the construction of more than 300 MW of late-stage development projects across four states, the sources said. Marathon Capital is acting as GS Power Partners’ financial advisor, according to the sources.

The sources did not specify the size of the debt facility.

GS Power Partners could not immediately be reached for comment, while Marathon did not immediately respond to inquiries.

GS Power Partners is backed by DIF Capital Partners, which bought a majority stake in the firm in 2023. The developer, which has an office in Stamford, Connecticut, was also called Green Street Power Partners prior to the DIF acquisition.

Founded in 2015, GS Power Partners has more than 350 MW in distributed solar assets and an additional 1 GW pipeline, according to the firm’s website.