Prisma Capital Ltda made the stalking horse bid to acquire 305-MW Phase B of 743-MW Alto Sertao III wind power complex from Renova Energia S.A. (BOVESPA:RNEW11) for BRL 58.3 million on August 6, 2020. Transaction is subject to approval from board of directors Renova Energia S.A. and securing approval at the General Creditors' Meeting. The transaction is also subject to the structuring of a competitive process for a specific Isolated Productive Unit (UPI) as part of Renova's ongoing judicial reorganization process. As on October 9, 2020, Renova Energia SA has accepted Prisma Capital Ltda's binding proposal to acquire 305-MW Phase B of 743-MW Alto Sertao III wind power complex. AS of February 14, 2021, Renova picked Prisma Capital as the winning bidder in a tender and will sign the definitive contracts in the next few days. The proceeds raised from this deal will be used for the fulfillment of Renova's obligations under its Judicial Recovery Plan as well as for the resumption of works on the 438-MW Phase A of Alto Sertao III. Prisma Capital Ltda completed the acquisition of 305-MW Phase B of 743-MW Alto Sertao III wind power complex from Renova Energia S.A. (BOVESPA:RNEW11) on April 8, 2021.