Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 252

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 252
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       |   |     | December 31, |       |   |
|                                                              |     |         2023 |       |   |     |         2022 |       |   |
| Operating Lease - Operating Cash Flows (Fixed Payments)      |     |              |   189 |   |     |              |    99 |   |
| Operating Lease - Operating Cash Flows (Liability Reduction) |     |              |   129 |   |     |              |    54 |   |
| New ROU Assets - Operating Leases                            |     |              |   409 |   |     |              | 8,482 |   |
| Weighted Average Lease Term - Operating Leases (years)       |     |              | 13.24 |   |     |              |  7.05 |   |
| Weighted Average Discount Rate - Operating Leases            |     |              |  7.65 | % |     |              |  7.10 | % |

The Company’s operating
leases generally relate to the rent of office building space, as well as land and rooftops upon which the Company’s solar parks
are built. These leases include those that have been assumed in connection with the Company’s asset acquisitions and business combinations.
The Company’s leases are for varying terms and expire between 2027 and 2051.

In April 2022, the Company
entered a new lease for office space in the US with a term of years. The estimated annual cost of the lease is $ thousand.

In October 2023, the Company
entered a new lease for land in Madrid, Spain where solar parks are planned to be built. The lease term is years with an estimated
annual cost of $ thousand.

In March 2022, the Company
bought the Gardno and Gardno 2 parks in Poland, acquiring two operating leases to the land where the solar parks are located. The combined
estimated annual cost of the leases is $ thousand. The leases commenced in 2021 and run through 2046. These assets have been moved
to discontinued operations as of December 31, 2023. Refer to Footnote 20 for more details.

In March 2022, the Company
bought the Rakowic park in Poland, acquiring an operating lease for the land where the solar parks are located. The combined estimated
annual cost of the leases is $ thousand. The leases commenced in 2022