Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 313

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 313
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 counterparty, a governmental
authority, or another third party, or cause defaults under related contracts or permits. Any of these events could have a material adverse
effect on our business, NAV, financial condition, and results of operations.

We and any third
parties with which we do business may be subject to cyber-attacks, network disruptions, and other information systems breaches, as well
as acts of terrorism or war that could have a material adverse effect on our business, NAV, financial condition, and results of operations,
as well as result in significant physical damage to our renewable energy projects.

Our operations rely on
our computer systems, hardware, software, and networks, as well as those of third parties with which we do business, such as O&M and
other service providers, to securely process, store, and transmit proprietary, confidential, financial, and other information. We also
rely heavily on these information systems to operate our solar projects. Information technology system failures and network disruptions
may be caused by natural disasters, accidents, power disruptions, telecommunications failures, acts of terrorism or war, computer viruses,
physical or electronic break-ins, human errors in using or accessing relevant systems, or similar events or disruptions. Cyber-attacks,
including those targeting information systems or electronic control systems used to operate our energy projects and the facilities of
third parties on which our projects rely, could severely disrupt business operations, and result in loss of service to offtakers and significant
expense to repair security breaches or system damage. In addition, our costs to adequately counter the risk of cyber-attacks may increase
significantly in the future. In recent years, such cyber incidents have become increasingly frequent and sophisticated, targeting or otherwise
affecting a wide range of companies. While we have instituted security measures to reduce the likelihood and impact of a cyber-attack
or data breach and have back-up systems and disaster recovery plans for other disruptions, these measures, or those of the third parties
with which we do business, may be ineffective or inadequate. If these measures fail, valuable information may be lost; our development,
construction, O&M, and other operations may be disrupted; we may be unable to fulfill our customer obligations; and our reputation
may suffer. As a result of the COVID-19 pandemic, the vast majority of our employees who are capable of performing their functions remotely
are telecommuting and may continue to do so for the foreseeable future, which may exacerbate these risks. Such risks may also subject
us to litigation,