Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1780

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1780
---
 and 2023 F-5  Consolidated Statements of Changes in Shareholders’ Equity/(Deficit) for the Years ended December 31, 2024 and 2023 F-6  Consolidated Statements of Cash Flows for the Years ended December 31, 2024 and 2023 F-7 – F-8  Notes to Consolidated Financial Statements F-9 – F-60 

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors and

Shareholders of Alternus Clean Energy, Inc.

Opinion on the Financial Statements

We have audited, before the effects of the adjustments to retrospectively
apply the effects of the 1-for-25 reverse stock split discussed in Note 22, the effects of the adjustments to retrospectively apply the
effects of discontinued operations of Solis and Romanian subsidiaries discussed in Note 19, to retrospectively apply the change in accounting
for ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures described in Note 23, and the effects of
the reclassifications described in Note 3, the accompanying consolidated balance sheet of Alternus Clean Energy, Inc. (the “Company”)
as of December 31, 2023, and the related consolidated statements of operations and comprehensive income (loss), shareholders’ deficit,
and cash flows for the year then ended, and the related notes (collectively referred to as the consolidated financial statements). The
2023 financial statements before the effects of the adjustments noted above are not presented herein. In our opinion, the consolidated
financial statements, before the effects of the adjustments to retrospectively apply the 1-for-25 reverse stock split discussed in Note
22, the effects of the adjustments to retrospectively apply the effects of discontinued operations of Solis and Romanian subsidiaries
discussed in Note 19, to retrospectively apply the change in accounting for ASU 2023-07 Segment Reporting (Topic 280) Improvements to
Reportable Segment Disclosures described in Note 23, and the effects of the reclassifications described in Note 3 present fairly, in all
material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and cash flows for
the year then ended, in conformity with accounting principles generally accepted in the United States of America.

We were not engaged to audit, review, or apply any procedures