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.
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. Unique Surety represents several carriers to handle any bonding challenge quickly and professionally.
Unique 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.
Natural 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.
Unique Surety can provide the construction and service bonds for renewable energy. Solar energy projects are becoming the fastest growing alternative to powering American commerce and housing as an alternative to fossil fuels. A 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 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.
For information on obtaining Energy Industry Bonds, please call us at 800-321-1007, or click here to contact us.
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