Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 254

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 254
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 approximately $ million, which represents the contractual amount allegedly owed. It is
reasonably possible that the potential loss may exceed our accrued liability due to costs, expenses, legal fees and interest that are
also alleged by Solartechnik as owed, but at the time of filing this report we are unable to determine an estimate of that possible additional
loss in excess of the amount accrued. The arbitration is in its early stages, and the Company intends to vigorously defend this action.

Amendment to Agreement with Hover Energy, LLC

On October 31, 2023, the Company
amended its agreement with Hover Energy, LLC to extend the remaining $ of Prepaid Development Fees to June 30, 2024.

| 18. | Asset Retirement Obligations |

|                                           |     | Activity |      |   |
|:------------------------------------------|:----|:---------|-----:|:--|
| ARO Liability - Balance January 1, 2022   |     | $        |  411 |   |
| Additional obligations incurred           |     |          |    - |   |
| Accretion expense                         |     |          |   20 |   |
| Foreign exchange gain/(loss)              |     |          |  (34 | ) |
| ARO Liability - Balance December 31, 2022 |     | $        |  397 |   |
| Additional obligations incurred           |     |          |    - |   |
| Disposals                                 |     |          | (235 | ) |
| Accretion expense                         |     |          |   24 |   |
| Foreign exchange gain/(loss)              |     |          |   11 |   |
| ARO Liability -- December 31, 2023        |     | $        |  197 |   |

| 19. | Development Cost |

The Company depends heavily
on government policies that support our business and enhance the economic feasibility of developing and operating solar energy projects
in regions in which we operate or plan to develop and operate renewable energy facilities. The Company can decide to abandon a project
if it becomes uneconomic due to various factors, for example, a change in market conditions leading to higher costs of construction,
lower energy rates, or other factors that change the expected returns on the project. In addition, political factors or otherwise where
governments from time to time may review their laws and policies that support renewable energy and consider actions that would make the
laws