Certain not the first "green bank", but possibly one of the largest and highest profile. I note that although it's state-financed, the goal is to make money. It's important that someone validate that clean energy technologies can be economically sustaining, without the need for subsidy or state support.
Earlier this year he rolled out a state-owned financing startup with $1 billion in assets called N.Y. Green Bank. The hope is that, through strategic lending, the state can give the private sector the incentive to help transform New York State’s power system.