Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 333

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 333
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, Thailand, and Vietnam. The investigations could potentially lead to the imposition of AD/CVD orders on such solar products.
In June 2024, the USITC issued affirmative preliminary determinations. In October 2024, the USDOC announced preliminary affirmative determinations
in the countervailing duty (“CVD”) investigations, finding that silicon solar cells and panels from Cambodia, Malaysia, Thailand,
and Vietnam are unfairly subsidized at rates ranging from de minimis to nearly 300%, depending on the particular foreign producer. The
USDOC has imposed provisional CVDs accordingly. In November 2024, the USDOC announced preliminary affirmative determinations in the AD
investigations, providing for certain preliminary dumping rates applicable to solar cells from Cambodia, Malaysia, Thailand, and Vietnam
ranging from de minimis to approximately 270%, depending on the particular foreign producer. On April 21, 2025, the USDOC announced the
final determinations in the AD/CVD investigations, with final rates ranging from de minimis to over 3,400%, depending on the particular
foreign producer.

●India — Domestic and Foreign Imports. The
ALMM was introduced in 2021 as a non-tariff barrier to incentivize domestic manufacturing of PV modules by approving the list of models
and manufacturers who can participate in certain solar development projects. The ALMM is approved by the MNRE, and any modifications
to the ALMM and its application may affect future investments in solar module manufacturing in India. In April 2024, the government of
India reimposed the ALMM, thereby requiring solar project developers to procure qualifying modules from companies on the list, which
includes our Indian manufacturing facility. Also in April 2024, the ALMM was amended to include specific minimum conversion efficiency
thresholds for CdTe solar technologies starting at 18% for solar lighting, 18.5% for rooftop applications, and 19% for utility-scale
applications. In December 2024, the ALMM was amended to require nearly all solar development projects to use PV modules that contain
domestically manufactured solar cells, which is expected to be effective for such projects completed on or after June 2026.

●India — Import Duty Tariffs. In April 2022,
the Indian government began imposing import duty tariffs of 40% on solar modules and 25% on solar cells. In connection with such April
2022 tariffs, the Indian government also implemented a regulation mandating that any