Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 110

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 110
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 from continuing operations of $160 thousand.

For the year ending December 31, 2024, the Company
incurred operating lease expenses from continuing operations of $126 thousand for the United States office lease before Alternus Energy
Americas Inc. was sold back to AEG on November 5, 2024 and $48 thousand for the land lease in Madrid, Spain.

The Company had no finance leases as of December
31, 2024.

In October 2023, the Company entered a new lease
for land in Madrid, Spain where solar parks are planned to be built. The lease term is 35 years with an estimated annual cost of $32 thousand.

Cash Flow Discussion

The Company uses traditional measures of cash
flows, including net cash flows from operating activities, investing activities, and financing activities to evaluate its periodic cash
flow results.

64

For the Year Ended December 31, 2024 compared
to December 31, 2023 

The following table reflects
the changes in cash flows for the comparative periods:

    Year Ended December 31, 

    2024  
    2023  
    Change 
($) 

    (in thousands) 
  
    Net cash provided by/(used in) operating activities 
     (3,222) 
     3,039  
     (6,261)
  
    Net cash provided by/(used in) operating activities – Discontinued Operations 
     95,592  
     10,173  
     85,419 

    Net cash provided by/(used in) investing activities 
     (1,679) 
     (634) 
     (1,045)
  
    Net cash provided by/(used in) investing activities – Discontinued Operations 
     23,088  
     (124) 
     23,212 

    Net cash provided by/(used in) financing activities 
     1,183  
     21,094  
     (19,911)
  
    Net cash provided by/(used in) financing activities – Discontinued Operations 
     (137,729) 
     (17,164) 
     (120,565)

    Effect of exchange rate on cash 
     (1,637) 
     433  
     (2,070)

Net Cash Used in Operating Activities 

Net cash used in continuing operating activities
for the year ended December