Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 61

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 61
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 business. Declining costs related to raw materials, manufacturing and the sale and installation of our solar service offerings have been a key driver in the pricing of our solar service offerings and customer adoption of solar energy. The prices of solar modules and raw materials have declined, however the cost of solar modules and raw materials could increase in the future, and such products’ availability could decrease, due to a variety of factors, including restrictions stemming from the COVID-19 pandemic, tariffs and trade barriers, export regulations, regulatory or contractual limitations, industry market requirements, and changes in technology and industry standards. Other factors may also impact costs, such as our choice to make significant investments to drive growth in the future. 29 Our business prospects could be harmed if solar energy is not widely adopted or sufficient demand for solar energy systems does not develop or takes longer to develop than we anticipate. The solar energy market is at a relatively early stage of development. The extent to which solar energy will be widely adopted and the extent to which demand for solar energy systems will increase are uncertain. If solar energy does not achieve widespread adoption or demand for solar energy systems fails to develop sufficiently, we might be unable to achieve our revenue and profit targets. Demand for solar energy systems in our targeted markets might not develop as we anticipate. Many factors may affect the demand for solar energy systems, including the following:

| ● | availability                                                                                                        
 of government and utility company subsidies and incentives to support the development of the solar energy industry; |

| ● | government                                                                                      
 and utility policies regarding the interconnection of solar energy systems to the utility grid; |

| ● | fluctuations                                                                                                                        
 in economic and market conditions that affect the viability of conventional and non-solar renewable energy sources, such as changes 
 in the price of natural gas and other fossil fuels;                                                                                 |

| ● | cost-effectiveness                                                                                                                        
 (including the cost of solar modules), performance and reliability of solar energy systems compared with conventional and other non-solar 
 renewable energy sources and products;                                                                                                    |

| ● | success                                                                                                                           
 of other renewable energy generation technologies, such as hydroelectric, wind, geothermal, solar thermal, concentrated solar and 
 biomass;                                                                                                                          |

| ● | availability                                              
 of customer financing with economically attractive terms; |

| ● | fluctuations                                                                                                                        
 in expenditures by purchasers of solar energy systems, which tend to decrease in slower economic environments and periods of rising 
 interest rates and tighter credit; and                                                                                              |

| ● | deregulation                                                    
 of the electric power industry and the broader energy