Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 384

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 384
---
    $
    (22,305)

    $
    14,404

    (65)
    %

    Discontinued Operations:

    Interest income/(expense)
     
    $
    (9,724)

    $
    (19,708)

    $
    9,984

    (51)
    %
  
    Solis bond waiver fee

    -

    (11,232)

    11,232

    (100)
    %
  
    Other expense

    (221)

    (1,824)

    1,603

    (88)
    %
  
    Total for discontinued operations
     
    $
    (9,945)

    $
    (32,764)

    $
    22,819

    (71)
    %
  
    Total for the period
     
    $
    (17,846)

    $
    (55,069)

    $
    37,223

    (68)
    %

58

Total other expenses for continuing operations
decreased by $14.4 million for the year ended December 31, 2024 compared to the same period in 2023. The primary drivers causing the decrease
from 2023 is the recognition of a $16.6 million valuation on the Forward Purchase Agreement in 2023 not present for 2024, a $0.5 million
positive movement in fair value on the convertible debt issued during 2024, a $0.1 million positive movement in fair value on the private
warrant issued during 2024, a $0.2 million gain recognized on the conversion of the Nordic ESG debt to shares in January 2024, and $1.6
million increase in other income due to the sale of Lightwave tax credits to an energy company in Texas. This decrease was partially offset
by a $3.1 million increase in interest expense, a $0.5 million reduction in valuation on the Forward Purchase Agreement, a $0.5 million
net loss on issuance of convertible debt and private placement warrants issued in April and October 2024, and $0.5 million increase in
other expense due to the recognition of termination agreement with Meteora.

Total other expenses for discontinued operations
decreased by $22.8 million for the year ended December 31, 2024 compared to the same period in 2023. The primary drivers of the decrease
from 2023 is the recognition of a $11.2