Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 254

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 2
Chunk 254
---
 $(2,209) 
     (100)%
  
    Total for the period 
    $-  
    $2,302  
    $(2,302) 
     (100)%

Revenue for continuing operations decreased by
$0.1 million for the three months ended March 31, 2025 compared to the same period in 2024 as there was only one country producing revenue
in 2024 (Lightwave parks) compared to no operating parks owned by the Company in 2025.

Revenue for discontinued operations decreased
by $2.2 million for the three months ended March 31, 2025 compared to the same period in 2024 as all operating parks in Poland, the Netherlands,
and Romania were sold on January 19, 2024, February 21, 2024 and October 3, 2024, respectively. Refer to Footnote 14 for additional sale
information.  

    Three Months Ended March 31, 
  
    Revenue by Offtake Type 
    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Energy Offtake Agreements (PPA) 
    $          -  
    $93  
    $(93) 
     (100)%
  
    Total for continuing operations 
    $-  
    $93  
    $(93) 
     (100)%

    Discontinued Operations: 

    Country Renewable Programs (FIT) 
    $-  
    $199  
    $(153) 
     (100)%
  
    Green Certificates 
     -  
     1,569  
     (1,569) 
     (100)%
  
    Energy Offtake Agreements (PPA) 
     -  
     384  
     (384) 
     (100)%
  
    Other Revenue 
     -  
     57  
     (57) 
     100%
  
    Total for discontinued operations 
    $-  
    $2,209  
    $(2,209) 
     (100)%
  
    Total for the period 
    $-  
    $2,302  
    $(2,302) 
     (100)%

Cost of Revenues 

The Company capitalizes its equipment costs, development