Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 22

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 22
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    unforeseeable engineering problems, construction or other unexpected delays and contractor performance shortfalls;

    ●
    labor, equipment and materials supply delays, shortages or disruptions, or work stoppages;

    ●
    adverse weather, environmental and geological conditions, force majeure and other events outside of owner’s control; and

    ●
    cost overruns, due to any one or more of the foregoing factors.

Accordingly, some of
the solar power projects in our pipeline may not be completed or even proceed to construction. If several solar power projects are not
completed, our business, financial condition and results of operations could be materially and adversely affected.

Development activities
may be subject to cost overruns or delays, which may materially and adversely affect our financial results and results of operations.

Development of our solar
power projects may be adversely affected by circumstances outside of its control, including inclement weather, a failure to receive regulatory
approvals on schedule or third-party delays in providing solar modules, inverters or other materials. Obtaining full permits for solar
power projects is time consuming and we may not be able to meet the expected timetable for obtaining full permits for solar power projects
in the pipeline. In addition, we usually rely on external contractors for the development and construction of solar power projects and
may not be able to negotiate satisfactory agreements with them. If contractors do not satisfy their obligations or do not perform work
that meets our quality standards or if there is a shortage of third-party contractors or if there are labor strikes that interfere with
the ability of employees or contractors to complete their work on time or within budget, we could experience significant delays or cost
overruns. Changes in project plans or designs, or defective or late execution may increase our costs and cause delays. Increases in the
prices of solar products and balance-of-system components may increase procurement costs. Labor shortages, work stoppages or labor disputes
could significantly delay a project or otherwise increase costs. In addition, delays in obtaining, our inability to obtain, or a lack
of proper construction permits or post-construction approvals could delay or prevent the construction of solar power projects, commencing
operation and connecting to the relevant grid.

15

We may not be able to
recover any of these losses in connection with construction cost overruns or delays. In addition, in certain cases of delay, we might
not be able to obtain any FiT or PPA at all, as certain FiTs or PPAs require that it connects to the transmission grid by