GreenieRE Launches Suite of UCS-Backed Renewable Energy Surety Products
First bonds are issued through the newly announced program
BOSTON — September 10, 2025 — GreenieRE, a reinsurance company that leverages commercial financial products to alleviate risks that are holding back new energy infrastructure has partnered with United Casualty and Surety Insurance Company (UCS) to launch a Renewable Energy Surety Program, it was announced today. This new program will bring a suiteof products to the market designed to provide bonds for renewable energy developers and utility owners in the event that contracted projects are not completed or unable to be fulfilled.
The first Renewable Energy Surety products issued under this program are for a community solarproject in the Midwest, providing both interconnection bonds to cover the risk that the developer may fail to complete required interconnection upgrades, as well as decommissioning bonds to ensure that funds are available to properly remove and dispose of the solar equipment at the end of its useful life. Other products that will be offered under the Renewable Energy Surety Program include performance & power purchase agreement/virtual power purchase agreement (PPA/VPPA) bonds, construction bonds, and site lease & permit bonds. All of these products target specific bottlenecks that prevent the building and deployment of new energy infrastructure.
“Our surety program directly supports the buildout of renewable energy assets, enabling capital efficient credit support for developers and utilities,” said Jeff McAulay, CEO of GreenieRE. “This partnership reflects our commitment to helping more domestic clean energy infrastructure get built quickly and responsibly. We are excited to partner with UCS and look forward to working with them to continue to drive innovation in risk transfer products.”
The release of GreenieRE’s surety product line represents a step forward in its goal of working alongside traditional risk financing institutions to support clean energy project development. The challenges renewable energy assets face are often greater for projects serving low-income and disadvantaged communities (LIDAC). With these surety products, GreenieRE and UCS are ensuring these communities have access to affordable clean energy, fostering private sector engagement, and driving the investment of additional capital. UCS will share in risk, will provide a second underwriting and pricing review, and handle claims.
“This program represents a terrific opportunity to drive development in the renewable energy sector, and we are excited to partner with GreenieRE to provide the capacity new market entrants need to bring their ideas to fruition,” said Robert Thomas, President of UCS. “With a variety of surety products included in this program, we are aiming to provide much needed support for a range of impactful renewable energy projects.”
To ensure wide market access to the program and its products, GreenieRE is working with specialty surety brokers and renewable energy brokers.
About GreenieRE
GreenieRE is an impact-focused reinsurance company with a mission to de-risk and unlock capital for clean energy projects. Built on the belief that insurance can be a force for good,
GreenieRE is removing financing obstacles in the insurance market to reduce costs and accelerate the deployment of clean energy technologies at scale. Learn more at www.GreenieRE.org and follow on LinkedIn for updates at www.linkedin.com/company/greeniere.
About UCS
Founded in 1989, United Casualty & Surety Insurance Company (UCS) is a leading provider of surety bonds. It offers a comprehensive range of bonding solutions, including contract surety (bid, performance, payment, maintenance) and a wide array of commercial bonds, from license & permit to court and fiduciary. For 15 years, UCS has maintained an "A-" (Excellent) FinancialStrength Rating and a "Stable" Rating Outlook. It's also approved by the United States Department of the Treasury, enabling it to provide bonds for federal projects throughout the country. Learn more at www.unitedcasualty.com.