Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1307

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 3
Chunk 1307
---
3. Zonnepark Rilland receives a fixed
payment each month per agreed rates with the customer. In the second quarter of the following year, the customer settles any difference
in the average rates for the prior year and the agreed upon rate for the prior year. This settlement of the rates exceeded the receivables
the company had booked and resulted in extra income recognized in 2022. The additional income received resulted in a higher tax liability
and a balance due in 2022. The balance due was paid at the time of filing in 2023.

59

Impairment Loss Recognized

    Year Ended December 31, 

    2024  
    2023  
    Change ($)  
    Change (%) 

    (in thousands) 
  
    Impairment of Spanish assets 
    $(3,263) 
    $-  
    $(3,263) 
     (100)%
  
    Total for continuing operations 
    $(3,263) 
    $-  
    $(3,263) 
     (100)%

    Discontinued Operations: 

    Impairment loss recognized on the remeasurement to fair value less costs to sell 
    $-  
    $(11,766) 
    $11,766  
     (100)%
  
    Total for discontinued operations 
    $-  
    $(11,766) 
    $11,766  
     (100)%
  
    Total for the period 
    $(3,263) 
    $(11,766) 
    $8,503  
     (72)%

Impairment loss recognized for continuing operations
increased by $3.3 million for the year ended December 31, 2024 compared to the same period in 2023. The decrease represents the expected
loss at December 31, 2024 on the disposal of the Spanish assets.

Impairment loss recognized for discontinued operations
decreased by $11.8 million for the year ended December 31, 2024 compared to the same period in 2023. The decrease represents the expected
loss at December 31, 2023 on the sale of the Polish assets. There was no indication of impairment for the Netherlands as of December 31,
2023.

Net Loss

Net loss for continuing operations decreased by
$7.9 million for the year ended December 31,