Modern energy policies encourage the replacement of fossil fuels with a more sustainable type. Succinic acid is a promising renewable material that can react with ethylene glycol and 1,4‐butanediol in a two‐step polycondensation reaction to form hydroxylated polyesters. Copolymerization reactions were investigated to produce novel green binders for manufacture of solid propellants. The ester of the first step of polycondensation was used as a plasticizer in the propellant formulation. These products can be an alternative to binders of fossil sources, such as hydroxyl‐terminated polybutadiene (HTPB), frequently used as fuel of commercial propellants. Initially, analyses of Fourier transform infrared spectroscopy, nuclear magnetic resonance and gel permeation chromatography indicated the formation of polymeric products and adequate chain growth at reaction conditions. Then, the obtained copolymers were characterized by rheological analyses, which revealed that the processability of the copolymer materials was similar to that of the HTPB samples. Additionally, thermogravimetric analyses indicated that the copolymers presented good thermal stability below 200°C. Furthermore, differential scanning calorimetric (DSC) analyses indicated that the glass transition temperatures of the obtained copolymer samples ranged from −20 to −60°C, a suitable range for the intended use. Solid propellants were then prepared with solid loadings above 70 wt %, heat of combustion above 11,300 J g−1 and heat of explosion above 4,980 J g−1, which are compatible with values expected for solid propellants. Finally, oxygen balance calculations showed that the intrinsic oxygen content of the polyesters can allow the reduction of amounts of oxidizers in the final propellants.