Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 99

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 99
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 million increase in revenues generated by US parks. All three US parks were operational for the nine months ended September 30, 2024 compared to only two parks in the same period in 2023. Revenue for discontinued operations decreased by $5.0 million for the three months ended September 30, 2024 compared to the same period in 2023. All operating parks in Poland and the Netherlands were sold on January 19, 2024 and February 21, 2024, respectively, resulting in a $3.5 million decrease in revenues. Romanian revenues decreased by $1.5 million due to a lower volume of Green Certificates being sold in 2024 and lower energy rates obtained for energy production in 2024 in Romania resulting in a 29% drop year-on-year. Revenue for discontinued operations decreased by $13.5 million for the nine months ended September 30, 2024 compared to the same period in 2023. All operating parks in Poland and the Netherlands were sold on January 19, 2024 and February 21, 2024, respectively, resulting in a $9.7 million decrease in revenues. Romanian revenues decreased by $3.8 million due to a lower volume of Green Certificates being sold in 2024 and lower energy rates obtained for energy production in 2024 in Romania resulting in a 29% drop year-on-year. 57

| Revenue by Offtake Type           |     | Three Months Ended September 30, 
 2024                             
 (in thousands)                   |       |     | 2023 |       |     | Change 
 ($)    |        |   |     | Change 
 (%)    |      |    |
|:----------------------------------|:----|:---------------------------------|------:|:----|:-----|------:|:----|:-------|:-------|:--|:----|:-------|:-----|:---|
| Country Renewable Programs (FIT)  |     | $                                |    93 |     | $    |   929 |     | $      | (836   | ) |     |        | (90  | )% |
| Energy Offtake Agreements (PPA)   |     |                                  |     - |     |      |   332 |     |        | (332   | ) |     |        | (100 | )% |
| Total for continuing operations   |     | $                                |    93 |     |