Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 321

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 321
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 in turn require us to repay the entire principal amount including interest accrued, if any, of certain of
its other existing indebtedness prior to their maturity under cross-default provisions of other loan agreements. If we lack sufficient
financial resources to make required payments, the pledgees may auction or sell our assets or our interest in solar parks to enforce their
rights under the pledge contracts and loan agreements. Any of those events could have a material adverse effect on our financial condition,
results of operations and business prospects.

22

Our international
operations require significant management resources and present legal, compliance and execution risks in multiple jurisdictions.

We have adopted a business
model under which it maintains significant operations and facilities through its subsidiaries located in Europe while its corporate management
team and directors are primarily based in Ireland and the U.S. The nature of our business may stretch its management resources thin as
well as make it difficult for its’s corporate management to effectively monitor local execution teams. The nature of our operations
and limited resources of its management may create risks and uncertainties when executing its strategy and conducting operations in multiple
jurisdictions, which could adversely affect the costs and results of our operations.

The development
and installation of solar energy systems is highly regulated; we may fail to comply with laws and regulations in the countries where it
develops, constructs and operates solar power projects and the government approval process may change from time to time, which could severely
disrupt our business operations.

The development and installation
of solar energy systems is subject to oversight and regulation under local ordinances; building, zoning and fire codes; utility interconnection
requirements for metering; and other rules and regulations. We attempt to keep apprised on these requirements on a national, state and
local level and must design and install our solar energy systems to comply with varying standards. Certain jurisdictions may have ordinances
that prevent or increase the cost of installation of our solar energy systems. New government regulations or utility policies pertaining
to the installation of solar energy systems are unpredictable and might result in significant additional expenses or delays, which could
cause a significant reduction in demand for solar energy systems.

We conduct our business
in many countries and jurisdictions that are governed by different laws and regulations, including national and local regulations relating
to building codes, taxes, safety, environmental protection, utility interconnection and metering and other matters. We have established
subsidiaries in these countries and jurisdictions which were required to comply with various local laws and regulations. While we strive
to work with our local counsel and