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Surety Bonds: Energy Industry Bonds for Renewable Energy Projects

Performance Bonds, Supersedeas Bonds, Surety Bonds And More > Energy Industry Bonds

Energy Bonds Icon

Why use Unique Surety as your agent for your next energy bond?

The renewable energy generation, storage and distribution surety bond specialists team at Unique Surety can handle your Construction, O&M, Offtaker or other energy contract needs often at a minimal cost to enhance the value of your next project. Surety is not a credit enhancement. It is a contract performance guarantee. We are professionals who have personal relationships with top-rated carriers and underwriters who trust our judgement.


Electric Utility Bond IconENERGY

Unique Surety can provide performance, payment, and maintenance bonds for construction and service contracts for onshore and offshore petroleum and natural gas projects in addition to a variety of choices in the emerging renewable energy marketplace including energy storage. Unique Surety represents several carriers to handle any bonding challenge quickly and professionally.


FOSSIL FUELS

Refinery Energy Bond IconUnique Surety provides surety bonds for the three major sectors of oil, gas and coal. Upstream, midstream and downstream each requires various types of bonding. In the exploration and production sector, bonds are provided for opening, abandonment, reclamation and more. Understanding the industry gives us the “Unique” ability to help you execute quickly, so you don’t miss any opportunities.

Gas Surety Bond IconNatural gas pipeline networks consolidate product from natural gas purification plants and provide product to downstream customers. Fracking has revolutionized the natural gas industry by providing abundant domestic supply. Additionally, surety performance bonds are becoming a requirement to indemnify various contractual roles in this portion of the industry. Unique Surety is ready to provide the required bonding limits so that you do not miss a valuable opportunity.


RENEWABLE ENERGY GENERATION, STORAGE AND DISTRIBUTION

Windmill Energy Bond IconSolar storage batteries offer the solar industry a greater output of reliable clean energy, especially during peak load periods. Storage brings down the KWH cost and creates more value in the project asset. Energy storage makes a solar project more attractive for financing by adding reliability to energy output while also contributing to the ease of selling a more attractive solar project product to an offtaker/end user.

Solar Surety Bond IconA growing trend in the development of solar energy is the realization by investors, developers, IPPs and offtakers that surety bonds mitigate the risk of contractual default and fills the gap not otherwise covered in their traditional property and casualty portfolio. Although surety is not a credit enhancement, it is a contract performance guarantee. It is worthwhile to consider adding performance and payment bonds to construction, battery storage and service contracts for both Commercial & Industrial (C & I) and Community solar projects. Surety bonds offer financial underwriters the added confidence to expand investment and make it easier to answer “YES” to funding requests.

  • A bonded project increases the expectation of a project’s planned performance making it much more attractive to a potential buyer and/or investment group seeking out projects with greater reliability of positive financial outcome.
  • A bonded investment offers both developers and investors greater flexibility and opportunity to monetize and securitize their portfolio of renewable energy projects
  • Surety Bonds protect your reputation by providing a safety net to avert, and if necessary deal with, catastrophic contractual defaults and reduce the risks associated with Investment Tax Credit clawbacks.

For information on obtaining Energy Industry Bonds, please call us at 800-321-1007, or click here to contact us.

Why Choose Unique Surety For Your Next Surety Bond?

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  • After 30 years of owning and operating businesses both nationally and internationally I rarely endorse or provide opinions regarding a company or individual. I am making an exception; Unique Surety & Insurance Services is a rare and select family owned company with the experience of a Fortune “500” company. Ron, An operator of a national business in Indiana
  • We are a painting contractor and needed our first bond. Unique Surety made the process quick and painless. It is always a pleasure working with them. Rebecca, A municipal painting contractor in California
  • We changed to Unique Surety after being with a bonding agent for 5 years. Unique Surety arranged for much higher performance bonding limits at a much better rate which opened the door to greatly expanding our business. Without Robin and her staff at Unique Surety we would absolutely not be where we are today. Kari, A contractor in Montana
  • As a small business, Unique Surety has provided the backing required for my company to take on pivotal projects that have allowed us to grow to be a strong contender in the South Florida construction market. The Unique team is very responsive and professional. I would recommend them to other small businesses in my industry. Laurence K. Butler, Founder & President at Bespoke Construction Management
  • They are truly unique in the way they do business. When others say no, they say yes. When others say it's impossible, they make it possible by going the extra mile. Unique Surety cares about its clients' success. Kevin Maragh, President for S3S Construction, Inc.
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