Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1165

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 2
Chunk 1165
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,280) 
    $(111,287)

F-42

    Year Ended December 31, 
  
    Solis and Subsidiaries in Romania 
    2024  
    2023 

    (in thousands) 

    Revenues 
    $9,686  
    $16,608 

    Operating Expenses 

    Cost of revenues 
     (3,936) 
     (3,167)
  
    Selling, general, and administrative 
     (1,564) 
     (6,294)
  
    Depreciation, amortization, and accretion 
     (1,511) 
     (1,983)
  
    Development costs 
     -  
     (438)
  
    Costs related to disposal of asset 
     (730) 
     - 
  
    Gain on sale of discontinued operations, net assets 
     51,931  
     - 
  
    Total operating expenses 
     44,190  
     (11,882)

    Income from discontinued operations 
     53,876  
     4,726 

    Other income/(expense): 

    Interest expense 
     (8,924) 
     (12,927)
  
    Solis bond waiver fee 
     -  
     (11,232)
  
    Other expense 
     (221) 
     (1,605)
  
    Total other expenses 
    $(9,145) 
    $(25,764)
  
    Income/(Loss) before provision for income taxes 
    $44,731  
    $(21,038)
  
    Income taxes 
     (87) 
     - 
  
    Net income/(loss) from discontinued operations 
    $44,644  
    $(21,038)

    20.
    Deconsolidation of Entities Transferred to Parent Company

On November 5, 2024, the Company
sold 100% of its equity ownership in its wholly owned subsidiaries Alternus Energy Americas, Inc. (a Delaware corporation) and Alternus
Lux 01 S.a.r.l (a Company organized under the laws of Luxembourg) to AEG (the Company’s parent company) each for a sale price of
€10 (collectively $21). After the sales, no assets, liabilities, or operations of these subsidiary entities were retained by