Iberdrola completed the acquisition of Avonlie Solar Project from RES.

Iberdrola, a Spanish multinational electric utility company, completed the acquisition of Avonlie Solar Project from RES, a global renewable energy company. Financial terms were not disclosed. “We are very pleased to continue our strong global relationship with Iberdrola and are excited to see the project progress with them. The Avonlie Solar Farm will create more than 230 full-time local jobs during construction, provide significant regional benefits and deliver on our vision of a future where everyone has access to affordable zero-carbon energy,” Matt Rebbeck, RES Australia CEO.