Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2268

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 7
Chunk 2268
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 Americas and its subsidiaries to Alternus Energy Group Plc on November 5, 2024 (see Footnote 20
for further details). The remaining $483 thousand related to the Forward Purchase Agreement as of December 31, 2023. This was written
down to $0 in 2024 due to the change in fair value of the FPA (see Footnote 5 for further details).

    10.
    Accounts Payable

Accounts payable represents
the amounts owed to suppliers of goods and services the Company has consumed through operations. Accounts payable consist of the following:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Accounts payable 
    $9,799  
    $3,590 
  
    Total 
    $9,799  
    $3,590 

F-28

    11.
    Deferred Income

Deferred income relates to
income related to Green Certificates from Romania that have been received but not sold. Deferred income consists of the following (in
thousands):

    Activity 
  
    Deferred income – Balance January 1, 2023 
    $4,954 
  
    Green certificates received 
     10,663 
  
    Green certificates sold 
     (10,169)
  
    Foreign exchange gain/(loss) 
     159 
  
    Deferred income – Balance December 31, 2023 
    $5,607 

On October 3, 2024, the Company
sold its Romanian subsidiaries, reporting the deferred income balance for the year ended December 31, 2023 as discontinued operations.
See Footnote 19 for additional information.

    12.
    Accrued Liabilities

Accrued expenses relate to
various accruals for the Company. Accrued interest represents the interest in debt not paid in the year ended December 31, 2024 and 2023.
Accrued liabilities consist of the following:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Accrued legal 
    $500  
    $1,798 
  
    Accrued interest 
     553  
     3,482 
  
    Accrued financing cost 
     -  
     3,537 
  
    Accrued construction expense 
     -