Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1759

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1759
---
 (438)

    (100)
    %
  
    Total for discontinued operations
     
    $
    -

    $
    438

    $
    (438)

    (100)
    %
  
    Total for the period
     
    $
    748

    $
    798

    $
    (50)

    (6)
    %

Development cost increased by $0.4 million for
the year ended December 31, 2024 compared to the same period in 2023 due to final work performed for projects abandoned for the development
of renewable energy projects in Spain and the United States.

Development cost for discontinued operations decreased
by $0.4 million for the year ended December 31, 2024 compared to the same period in 2023 due to final work performed for Solis endeavors
abandoned in 2023.

Depreciation, Amortization, and Accretion Expense 

Depreciation, amortization, and accretion expenses
for the year ended December 31, 2024 and 2023 were as follows:

    Year Ended December 31, 

    2024  
    2023  
    Change
 ($)  
    Change 
(%) 

    (in thousands) 
  
    Depreciation, Amortization and Accretion expense 
    $215  
    $1,673  
    $(1,458) 
     (87)%
  
    Total for continuing operations 
    $215  
    $1,673  
    $(1,458) 
     (87)%

    Discontinued Operations: 

    Depreciation, Amortization and Accretion expense 
    $1,691  
    $4,946  
    $(3,255) 
     (66)%
  
    Total for discontinued operations 
    $1,691  
    $4,946  
    $(3,255) 
     (66)%
  
    Total for the period 
    $1,906  
    $6,619  
    $(4,713) 
     (71)%

Depreciation, amortization and accretion expenses
for continuing operations decreased by $1.5 million for the year ended December 31, 2024 compared to the same period in 2023 as there
was only one country with operating parks recognizing depreciation in 2024 (Lightwave