Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 200

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 200
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 2025,
which was mainly due to a decrease in selling, general, and administrative expenses, other expenses as described above, and in increase
in interest expense and amortization expense. The offsetting increase was a result of the normal fluctuations of receivables and payables
over the normal course of business operations. All expenses contributing to the decrease in the net loss are non-cash items recognized
on the Consolidated Statement of Operation and Comprehensive Loss.

Net cash used in discontinued operating activities
for the three months ended March 31, 2025 compared to 2024 decreased by $2.7 million due to all operating parks in Poland, the Netherlands
and Romania being sold on January 19, 2024, February 21, 2024 and October 3, 2024, respectively.

Net Cash Used in Investing Activities

Net cash used in continuing investing activities
for the three months ended March 31, 2025 compared to 2024 decreased by $2.9 as the Company did not pursue any additional developments
in 2025.

There was no net cash used in or provided by discontinued
investing activities for the three months ended March 31, 2025 and 2024 respectively.

Net Cash Provided by Financing Activities

Net cash provided by continuing financing activities
for the three months ended March 31, 2025 compared to 2024 increased by $1.4 million mainly driven by approximately $0.5 million of new
debt and $0.9 million of intercompany transaction activity in 2024.

Net cash used in discontinued financing activities
for the three months ended March 31, 2025 compared to 2024 decreased by $13.2 million due to all operating parks in Poland, the Netherlands
and Romania being sold on January 19, 2024, February 21, 2024 and October 3, 2024, respectively. 

49

Critical Accounting Estimates 

In the notes to our consolidated financial statements
and in Part II, “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”
included in our 2024 Annual Report on Form 10-K, we have disclosed those accounting policies that we consider to be most significant in
determining our results of operations and financial condition and involve a higher degree of judgment and complexity. There have been
no changes to those policies that we consider to be material since the filing of our 2024 Annual Report on