Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 82

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 cash provided by/(used in) investing activities 
     -  
     (2,879) 
     2,879 
  
    Net cash provided by/(used in) investing activities – Discontinued Operations 
     -  
     -  
     - 

    Net cash provided by/(used in) financing activities 
     471  
     (935) 
     1,427 
  
    Net cash provided by/(used in) financing activities – Discontinued Operations 
     -  
     (13,162) 
     13,162 

    Effect of exchange rate on cash 
     1  
     (595) 
     512 

Net Cash Provided by Operating Activities 

Net cash provided in continuing operating activities
for the three months ended March 31, 2025 compared to 2024 increased by $1.6 million. The net loss decreased by $4.9 million in 2025,
which was mainly due to a decrease in selling, general, and administrative expenses, other expenses as described above, and in increase
in interest expense and amortization expense. The offsetting increase was a result of the normal fluctuations of receivables and payables
over the normal course of business operations. All expenses contributing to the decrease in the net loss are non-cash items recognized
on the Consolidated Statement of Operation and Comprehensive Loss.

Net cash used in discontinued operating activities
for the three months ended March 31, 2025 compared to 2024 decreased by $2.7 million due to all operating parks in Poland, the Netherlands
and Romania being sold on January 19, 2024, February 21, 2024 and October 3, 2024, respectively.

Net Cash Used in Investing Activities

Net cash used in continuing investing activities
for the three months ended March 31, 2025 compared to 2024 decreased by $2.9 as the Company did not pursue any additional developments
in 2025.

There was no net cash used in or provided by discontinued
investing activities for the three months ended March 31, 2025 and 2024 respectively.

Net Cash Provided by Financing Activities

Net cash provided by continuing financing activities
for the three months ended March 31, 2025 compared to 2024 increased by $1.4 million mainly driven by approximately $0.5 million of new
debt and $0.