Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2197

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 7
Chunk 2197
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were sold on January 19, 2024 and February 21, 2024, respectively, resulting in a $10.3 million decrease in revenues. Romanian revenues
decreased by $6.9 million due to a lower volume of Green Certificates being sold in 2024 and lower energy rates obtained for energy production
in 2024. Furthermore, the total Romanian revenue for 2024 accounts for only nine months as the Company sold the Romanian operating parks
on October 3, 2024. Refer to Footnote 19 for additional sale information.

    Year Ended December 31, 
  
    Revenue by Offtake Type 
    2024  
    2023  
    Change 
($)  
    Change 
(%) 

    (in thousands) 
  
    Country Renewable Programs (FiT) 
    $311  
    $2,505  
    $(2,194) 
     (88)%
  
    Energy Offtake Agreements (PPA) 
     -  
     962  
     (962) 
     (100)%
  
    Total for continuing operations 
    $311  
    $3,467  
    $(3,156) 
     (91)%

    Discontinued Operations: 

    Country Renewable Programs (FiT) 
    $334  
    $5,966  
    $(5,632) 
     (94)%
  
    Green Certificates 
     5,803  
     10,548  
     (4,745) 
     (45)%
  
    Guarantees of Origin 
     -  
     129  
     (129) 
     (100)%
  
    Energy Offtake Agreements (PPA) 
     3,638  
     10,403  
     (6,765) 
     (65)%
  
    Other Revenue 
     34  
     4  
     30  
     750%
  
    Total for discontinued operations 
    $9,809  
    $27,050  
    $(17,241) 
     (64)%
  
    Total for the period 
    $10,120  
    $30,517  
    $(20,397) 
     (67)%

54

Cost of Revenues 

The