U.S. Inflation Reduction Act-driven power projects expected to begin late 2023 or 2024 -MasTec CEO

MasTec

05/01/2023 18:40

Jan 5 (Reuters) - U.S. solar and wind projects driven by
the passage of the Inflation Reduction Act likely will not be
seen until late 2023 or 2024, power and renewables construction
company MasTec Inc  MTZ.N  CEO Jose Mas said on Thursday.
    For the first part of the year, renewable power construction
will likely consist of holdover projects from 2022, Mas told
investors at a Goldman Sachs conference in Miami, Florida,
particularly as solar panels remain in tight supply. 
    Coral Gables, Florida-based MasTec, which is one of the
largest renewable contractors in the country, has largely
transitioned its work away from oil and gas to renewable power
in recent years. 
 (Reporting by Laila Kearney
Editing by Chris Reese)
 ((Laila.kearney@thomsonreuters.com; (917) 809-0054;))