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

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 10
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from 2025 to 2033.8 Meanwhile Grandview Research estimates the global market size at USD 76.88 billion in 2023 and anticipates
reaching USD 224.34 billion by 2030, with a CAGR of 17.1% from 2024 to 2030.9

5SolarPower Europe, Global Market Outlook for Solar Power 2024–2028

6Growth Trends in the Utility Solar PV EPC Market, 2025-2029
– GlobeNewswire, May 1, 2025.

7Microgrid Market Size, Share & Growth Analysis Report 2030
- Grand View Research, accessed May 1, 2025, https://www.grandviewresearch.com/industry-analysis/microgrid-market

8Microgrid
Market Set To Attain Valuation of US$ 191.01 Billion by 2033 | Astute Analytica, accessed May 1, 2025, https://www.globenewswire.com/news-release/2025/04/29/3070445/0/en/Microgrid-Market-Set-To-Attain-Valuation-of-US-191-01-Billion-by-2033-Astute-Analytica.html

9Microgrid
Market Size, Share & Growth Analysis Report 2030 - Grand View Research, accessed May 1, 2025, https://www.grandviewresearch.com/industry-analysis/microgrid-market

7

This consistent trend across multiple reports,
despite slight variations in absolute figures, underscores the strong growth momentum in the global microgrid market. The overarching
theme is a robust CAGR, generally ranging from 15% to 19% over the forecast period, signaling a significant expansion in the global microgrid
market driven by similar underlying factors.

Alternus Specific Markets – US and Europe

Alternus operates across two primary regions:
US and Europe. Both markets are undergoing a once-in-a-generation transition from fossil fuels to renewable energy, driven by a convergence
of climate policy, energy security, and surging power demand, particularly from artificial intelligence (AI) growth and the reshoring
of industrial activities in the U.S.

United States

In the U.S., the Inflation Reduction Act (IRA)
has dramatically reshaped the renewables landscape by extending and expanding tax equity incentives and other financial tools designed
to accelerate deployment through 2030. These measures have created a predictable investment environment and made clean energy development,
particularly