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19 December 2025

Boralex Signs Five-Year Power Purchase Agreement with Xcel Energy for Milo Wind Project in New Mexico

Boralex Inc. recently  signed a five-year Power Purchase Agreement (PPA) with Xcel Energy for its Milo Wind Project, located in Roosevelt County, New Mexico, United States. 

This agreement reflects Boralex’s commitment to providing tailored renewable energy solutions and supports Xcel Energy’s efforts to deliver reliable and affordable power to customers.

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About the Milo Wind Project

Commissioned in 2015, the Milo Wind Project is a 50 MW facility featuring 25 GE turbines spread across approximately 6,500 acres of land in Roosevelt County. The site generates 208,000 MWh of clean electricity annually, enough to power more than 27,000 homes. Energy produced by Milo is delivered into the Southwest Power Pool (SPP) market, contributing to regional grid reliability and sustainability.

  • Under the new five-year PPA, Boralex will deliver all wind-generated electricity from Milo directly to Xcel Energy. This agreement provides Boralex with a stable revenue stream and strengthens its capital structure, ensuring long-term operational success.

Driving the Energy Transition

This power purchase agreement ensures that one of our cornerstone U.S. assets will continue delivering renewable, reliable energy to consumers for years to come. We’re proud to bring the Milo Wind Project under a long-term agreement with Xcel Energy, who share our ambition to contribute to a more sustainable energy future for New Mexico and beyond.

Robin Deveaux
Executive Vice President and General Manager of North America at Boralex

Wind energy continues to be a smart investment for our customers, providing clean and reliable power at a stable cost. This agreement helps us reduce emissions, save water, and lower fuel and compliance costs, which benefits both our customers and our region.

Adrian J. Rodriguez
President of Xcel Energy – New Mexico, Texas

Strategic Impact

This agreement aligns with Boralex’s U.S. growth strategy, reinforcing its commitment to maintaining and optimizing high-quality renewable energy assets while building long-term partnerships with leading utilities. It also positions Boralex as a key player in the energy transition, contributing to a cleaner, more resilient power grid.