Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 8

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 8
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consumers and businesses over time. The growth of the renewable energy sector has already generated millions of jobs worldwide and continues
to attract substantial capital investment, positioning it as a key driver of economic growth and job creation in the future.

Long-term Investment Opportunities: The
transition towards clean energy is expected to maintain its momentum, driven by the growth of cleantech manufacturing, advancements in
artificial intelligence, and the increasing importance of carbon markets. These sectors are generating significant demand for renewable
energy, creating substantial investment opportunities in the renewable energy supply chain. While investment in renewable energy has reached
record levels, further capital is essential to meet the ambitious global targets for decarbonization. This persistent need for investment
presents a long-term potential for financial returns in the renewable energy sector. The declining costs of renewable energy technologies
are making them increasingly competitive with fossil fuels, further enhancing their attractiveness as investment options.

2Renewables
could meet almost half of global electricity demand by 2030 – IEA | Electrek, accessed May 1, 2025, https://electrek.co/2024/10/08/renewables-could-meet-almost-half-of-global-electricity-demand-by-2030-iea/

3Renewables
- Energy System - IEA, accessed May 1, 2025, https://www.iea.org/energy-system/renewables

4Renewable
energy – powering a safer future | United Nations, accessed May 1, 2025, https://www.un.org/en/climatechange/raising-ambition/renewable-energy

6

Global Solar Market:

Solar continues to be the fastest growing and
most cost-effective source of renewable energy globally. In 2023, the world added 447 GW of solar capacity, a growth of 87% over 2022,
marking yet another record year for the industry. This brought the global installed solar capacity to 1,624 GW, exceeding the terawatt
milestone reached in May 2022. Solar represented 78% of all new renewable capacity added in 2023, outpacing both fossil fuels and other
clean energy sources. Despite this growth, solar still only accounts for 5.5% of global electricity demand, highlighting the enormous
runway ahead.5

The global market for the engineering, procurement,
and construction (EPC) of utility-scale solar photovoltaic (PV) projects is poised for significant expansion. Projections indicate growth