Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 32

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 32
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 of floods, earthquakes, landslides, mudslides, sandstorms, drought, or other inclement weather and climate conditions
or natural disasters. If inclement weather or climatic conditions or natural disasters occur in areas where its solar parks and project
teams are located, project development, connectivity to the power grid and the provision of O&M services may be adversely affected.
In particular, materials may not be delivered as scheduled and labor may not be available. As some of its solar parks are located in the
same region, such solar parks may be simultaneously affected by weather and climate conditions, natural disasters and adverse work environments.

Moreover, natural disasters
which are beyond our control may adversely affect the economy, infrastructure and communities in the countries and regions where it conducts
its business operations. Such conditions may have an adverse effect on its work performance, progress and efficiency or even result in
personal injuries or fatalities.

Business interruptions,
whether due to catastrophic disasters or other events, could adversely affect Alternus’ operations, financial condition and cash
flows.

Our operations and those
of its contract manufacturers and outsourced service providers are vulnerable to interruption by fire, earthquake, hurricane, flood or
other natural disaster, power loss, computer viruses, computer systems failure, telecommunications failure, quarantines, national catastrophe,
terrorist activities, war and other events beyond its control. For instance, some of Alternus’ solar parks are located in Italy
near medium risk areas regarding seismic activity and may be vulnerable to damage from earthquakes. If any disaster were to occur, our
ability and the ability of its contract manufacturers and outsourced service providers to operate could be seriously impaired and it could
experience material harm to its business, operating results and financial condition. In addition, the coverage or limits of its business
interruption insurance may not be sufficient to compensate for any losses or damages that may occur.

Any such terrorist acts,
environmental repercussions or disruptions, natural disasters, theft incidents or other catastrophic events could result in a significant
decrease in revenues or significant reconstruction, remediation or replacement costs, beyond what could be recovered through insurance
policies, which could have a material adverse effect on its operating results and financial condition.

Global economic
conditions and any related ongoing impact of supply chain constraints and the market of our product and service could adversely affect
our results of operations.

Due to the specific nature
of solar photovoltaic industry, we depend on a limited number of suppliers of solar panels, batteries, and other system components needed
to expand