Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 43

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 43
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 factors, we were unable to close this acquisition within the expected time frame. It is possible that policy changes such as these may continue or be adopted by other countries in the future such that they could materially adversely affect our business, financial condition, results of operations and prospects. On August 16, 2022, President Biden signed into law the Inflation Reduction Act (the “ IRA”), which extends the availability of investment tax credits (“ ITCs”) and production tax credits (“ PTCs”). For our US operations, we expect to claim ITCs with respect to qualifying solar energy projects. In this we may also structure tax equity partnerships, and may rely upon applicable tax law and published Internal Revenue Service (“ IRS”) guidance. However, the application of law and guidance regarding ITC eligibility to the facts of particular solar energy projects is subject to a number of uncertainties, in particular with respect to the new IRA provisions for which Department of Treasury regulations (“ Treasury Regulations”) are forthcoming, and there can be no assurance that the IRS will agree with our approach in the event of an audit. The Department of Treasury is expected to issue Treasury Regulations and additional guidance with respect to the application of the newly enacted IRA provisions, and the IRS and Department of Treasury may modify existing guidance, possibly with retroactive effect. Any of the foregoing items could reduce the amount of ITCs or, if applicable, PTCs available to us and/or our tax equity partners. In this event, we could be required to adjust the terms of future tax equity partnerships, or seek alternative sources of funding for solar energy projects, each of which could have a material adverse effect on our business, financial condition, results of operations and prospects. Operation and maintenance of renewable energy projects involve significant risks that could result in unplanned outages, reduced output, interconnection or termination issues, or other adverse consequences. There are risks associated with the operation of our projects. These risks include:

| ● | greater                                                                                                                             
 or earlier than expected degradation, or in some cases failure, of solar panels, inverters, turbines, gear boxes, blades, and other 
 equipment;                                                                                                                          |

| ● | catastrophic                                                                                                                       
 events, such as fires, earthquakes, severe weather, tornadoes, ice or hail storms or other meteorological conditions, landslides,  
 and other similar events beyond our control, which could severely damage or destroy a project, reduce its energy output, result in 
 property damage, personal injury, or loss of life, or increase the cost of insurance even if