Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 291

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 291
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:----------------------|:----|:---------------|-------:|:--|
| 2024 Oct 1 – Dec 31   |     | $              |     71 |   |
| 2025                  |     |                |    193 |   |
| 2026                  |     |                |    199 |   |
| 2027                  |     |                |    205 |   |
| 2028                  |     |                |    212 |   |
| Thereafter            |     |                |  2,054 |   |
| Total lease payments  |     |                |  2,934 |   |
| Less imputed interest |     |                | (1,721 | ) |
| Total                 |     | $              |  1,213 |   |

The Company had no finance leases as of September 30, 2024.

14. Commitments and Contingencies Litigation The Company recognizes a liability for loss contingencies when it believes it is probable a liability has occurred, and the amount can be reasonably estimated. If some amount within a range of loss appears at the time to be a better estimate than any other amount within the range, the Company accrues that amount. When no amount within the range is a better estimate than any other amount, the Company accrues the minimum amount in the range. The Company has established an accrual for those legal proceedings and regulatory matters for which a loss is both probable and the amount can be reasonably estimated. On May 4, 2023 Alternus received notice that Solartechnik, an international group specializing in solar installations, filed an arbitration claim against Alternus Energy Group PLC (“AEG”), Solis Bond Company DAC, and ALT POL HC 01 SP. Z.o.o. (AEG is the Company’s majority shareholder; Solis Bond Company and ALT POL HC 01 were sold to a third party and are no longer subsidiaries of the Company) in the Court of Arbitration at the Polish Chamber of Commerce, claiming that PLN 24,980,589(approximately $ 5.8million) is due and owed to Solartechnik pursuant to a preliminary share purchase agreement by and among the parties that did not ultimately close, plus costs, expenses, legal fees and interest. The Company has accrued a liability for this loss contingency in the amount of approximately $ 6.8million, which represents the contractual amount allegedly owed. On October 11,