Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 131

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 131
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 This remarkable growth continues to outpace all other power generation technologies. Out of the 576 GW of new global renewable power generating capacity in 2023, solar alone accounted for 78%, installing more capacity than all other renewable technologies combined. Solar also deployed more capacity than all fossil fuel power generation technologies together in 2023. At the same time, however, solar still meets only 5.5% of global electricity demand, an increase from the previous 4%, while over 69.8% is provided by non-renewable sources, according to Solar Power Europe's Global Market Outlook for Solar Power 2024-2028, published in June 2024. Solar’s success story over other technologies has many reasons, but a key factor is its steep cost reduction curve over the last decade, which has made solar the global cost leader. While the cost of solar has been lower than fossil fuel generation and nuclear for several years, it is also now lower than wind in many regions around the world. The latest Levelized Cost of Energy (LCOE) analysis, published in October 2023, indicates that the downward trend in utility-scale solar costs has continued. The spread with conventional generation technologies is widening, considering that the costs of gas and nuclear have increased. Solar’s cost decrease has been truly extraordinary: compared to 2009, the cost of solar power generation has decreased by approximately 90%. Solar Power Europe, Global Markets Report, 2024 -2028, June 2024 1. 90 Solar and Renewable Power as a Share of Global Power 2018 - 2023 Seasonality and Resource Availability The amount of electricity produced and the revenues generated by the Company’s solar generation facilities will continue to be influenced by sunlight availability, or irradiation, at the locations of its assets. As shorter daylight hours in winter months lead to decreased irradiation, electricity generation from these facilities will fluctuate seasonally. The Company’s portfolio, predominantly located in the Northern Hemisphere, is expected to experience lower power generation during the first and fourth quarters of each year, aligning with seasonal patterns. Variability in irradiation at specific locations can also occur due to weather and other meteorological factors, which may impact operational results. Consequently, the Company anticipates that solar revenue in the first and fourth quarters will be lower compared to the mid-year quarters. On average, each solar park is projected to generate approximately 15% of its annual revenues in Q1, 35% in each of Q2 and Q3,