The joint venture was founded last year between Greenwood Energy, the renewables arm of the Libra Group conglomerate, and Soltage, a New Jersey-based provider of mostly commercial-rooftop PV projects.

The $40m pot – fed by John Hancock, the Libra Group and others – will initially fund six projects in New York, Massachusetts, Delaware and Vermont, all of them slated for commissioning by mid-year.

The