Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 69

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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7  
    $(7) 
     (100)%
  
    Total for continuing operations 
    $-  
    $7  
    $(7) 
     (100)%
  
    Total for the period 
    $-  
    $7  
    $(7) 
     (100)%

Development cost decreased by $7 thousand for
the three months ended March 31, 2025 compared to the same period in 2024 due to no projects being written off in 2025.

There were no development costs for discontinued
operations for the three months ended March 31, 2025 and 2024.

42

Depreciation, Amortization and Accretion Expense 

Depreciation, amortization, and accretion expenses
for the three months ended March 31, 2025 and 2024 were as follows:

    Three Months Ended March 31, 

    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Depreciation, Amortization and Accretion expense 
    $130  
    $70  
    $60  
     85%
  
    Total for continuing operations 
    $130  
    $70  
    $60  
     85%

    Discontinued Operations: 

    Depreciation, Amortization and Accretion expense 
    $-  
    $678  
    $(678) 
     (100)%
  
    Total for discontinued operations 
    $-  
    $678  
    $(678) 
     (100)%
  
    Total for the period 
    $130  
    $748  
    $(618) 
     (83)%

Depreciation and Amortization expense for continuing
operations increased by $60 thousand for the three months ended March 31, 2025 compared to the same period in 2024. This was primarily
driven by the amortization for the intangible assets acquired in the Liion transaction December 2024, and the sale of the assets that
related to the 2024 charge.

Depreciation, amortization and accretion expenses
for discontinued operations decreased by $0.7 million for the three months ended March 31, 2025 compared to the same period in 2024 due
to all operating