Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 111

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 111
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31, 2024 compared to 2023 increased by $6.3 million. The net loss decreased by $7.9 million in 2024, which
was mainly due to a decrease in revenues, costs of revenues, depreciation, other expenses as described above and an increase in selling,
general, and administrative expenses, development costs, and interest expense. The offsetting increase was a result of the normal fluctuations
of receivables and payables over the normal course of business operations. All expenses contributing to the decrease in the net loss are
non-cash items recognized on the Consolidated Statement of Operation and Comprehensive Loss.

Net cash provided by discontinued operating activities
for the year ended December 31, 2024 compared to 2023 increased by $85.4 million. The net loss decreased by $84.7 million in 2024, which
was mainly due to a decrease in revenues, cost of revenues, selling, general, and administrative expenses, depreciation, development costs,
interest expense, other expenses as described above, and a gain of $55.0 million for the net sale of the Poland, Netherlands, and Romanian
operating parks. The remaining increase was a result of the normal fluctuations of receivables and payables over the normal course of
business operations.

Net Cash Used in Investing Activities

Net cash used in continuing investing activities
for the year ended December 31, 2024 compared to 2023 increased by $1.0 million. This was a result of the increase in costs for construction
parks in the US, the development and pursuit of potential projects in Italy, Spain, and the US, and the final payment made to complete
the last park for Lightwave in January 2024.

Net cash provided discontinued investing activities
for the year ended December 31, 2024 compared to 2024 increased by $23.2 million. This was a result of the disposal of the Romanian, Polish,
and Netherlands parks during the year.

65

Net Cash Provided by Financing Activities

Net cash provided by continuing financing activities
for the year ended December 31, 2024 compared to 2023 decreased by $19.9 million mainly driven by the net decrease of $13.8 million of
new debt and a $6.1 million net increase driven by intercompany transaction activity.

Net cash used in discontinued financing activities
for the year ended December 31, 2024 compared to 2023 increased by $120.6 million