Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2617

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 8
Chunk 2617
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    Discontinued Operations: 

    Netherlands 
    $16  
    $2,840 
  
    Poland 
     106  
     7,593 
  
    Romania 
     9,687  
     16,608 
  
    Total for discontinued operations 
    $9,809  
    $27,041 
  
    Total for the period 
    $10,120  
    $30,517 

    Year Ended December 31, 
  
    Revenue by Offtake Type 
    2024  
    2023 

    (in thousands) 
  
    Country Renewable Programs 
    $311  
    $2,505 
  
    Energy Offtake Agreements 
     -  
     962 
  
    Total for continuing operations 
    $311  
    $3,467 

    Discontinued Operations: 

    Country Renewable Programs 
    $334  
    $5,966 
  
    Green Certificates 
     5,803  
     10,548 
  
    Guarantees of Origin 
     -  
     129 
  
    Energy Offtake Agreements 
     3,638  
     10,403 
  
    Other Revenue 
     34  
     4 
  
    Total for discontinued operations 
    $9,809  
    $27,050 
  
    Total for the period 
    $10,120  
    $30,517 

One customer represented 100%
of continuing operational revenues during the year ended December 31, 2024 compared to two customers that represented 86% for the year
ended December 31, 2023. The revenues from these customers accounted for $0.3 million and $3.0 million of revenue for the year ended December
31, 2024 and 2023, respectively.

Five customers represented
76% of the discontinued operational revenues during the year ended December 31, 2024 compared to four customers that represented 84% for
the year ended December 31, 2023. The revenues from these customers accounted for $7.7 million and $25.7 million of revenue for the year
ended December 31, 2024 and 2023, respectively.

Unbilled Energy Incentives Earned

The Company derives revenues
from the sale of green certificates for the Romania projects. The green certificates revenues are recognized