The Luxembourg-based firm, which completed its spinout from French lender Natixis in January, is aiming to raise €1.2bn for the vehicle.
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Reliance and Maxis are already in talks with international investors to secure an additional equity infusion into the combined business.
The French manager is looking to sell the €1.1bn vehicle before the end of the year.
The head of Keppel Capital, a founding member of Alpha Investment Partners, is now a director of the firm’s subsidiaries.
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This is the company’s second equity investment this year and comes a month after announcing a merger with Elon Musk’s Tesla Motors.
The investor and developer formed a solar partnership last year and are currently constructing 82MW of solar projects in Uruguay.
Business will remain as usual for the firm’s $5.2bn alternatives platform, which covers infrastructure investments.
ARENA will have a budget of A$800m, around two-thirds of its original funding power, to sponsor projects in the country for the next five years.
The Canadian pension is merging its real estate, infrastructure and agriculture departments amid a wider reshuffle of its private investment team.
Vattenfall has won rights to build 350MW worth of projects for €63 per MWh as prices continue to tumble in the renewables sub-sector.
The US fund manager is investing in the Spanish energy giant via GIP III, which is targeting $12bn.
The deal, still subject to final approval, could see the consortium buy Nova Transportadora do Sudeste and its 2,500km pipeline network for north of $5bn.
Ken Mathers, a ‘strong opponent’ to the cancellation of Melbourne’s East West Link project, will oversee the development of infrastructure in the Australian state.
Two new directors will add to the Australian fund manager’s LP-focused team in North America after the appointment of a global head of IR in June.
The developer has recently increased its exposure to the renewables space by entering the offshore wind market.