Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 473

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 473
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 and cash flows for these subsidiaries are reported as discontinued operations, in
accordance with ASC 205-20, for all periods presented. The notes to the financial statements have been adjusted to reflect this retroactive
presentation.

    As of October 3  
    As of December 31 
  
    Solis and Subsidiaries in Romania 
    2024  
    2023 

    (in thousands) 
  
    Assets: 

    Cash & cash equivalents 
    $632  
    $577 
  
    Restricted cash 
     5  
     19,161 
  
    Accounts receivable, net 
     952  
     648 
  
    Unbilled energy incentives 
     8,778  
     5,607 
  
    Other current assets 
     9,580  
     896 
  
    Property, plant, equipment, net 
     41,457  
     43,621 
  
    Operating leases, non-current assets 
     159  
     337 
  
    Total discontinued operations assets 
    $61,563  
    $70,847 

    Liabilities: 

    Accounts payable 
    $2,812  
    $1,494 
  
    Green bonds 
     87,627  
     166,122 
  
    Deferred income 
     8,778  
     5,607 
  
    Operating leases, current liabilities 
     46  
     47 
  
    Other current liabilities 
     13,260  
     8,517 
  
    Operating leases, non-current liabilities 
     118  
     150 
  
    Other non-current liabilities 
     202  
     197 
  
    Total discontinued operations liabilities 
    $112,843  
    $182,134 

    Net assets/(liabilities) of discontinued operations 
    $(51,280) 
    $(111,287)

F-42

    Year Ended December 31, 
  
    Solis and Subsidiaries in Romania 
    2024  
    2023 

    (in thousands) 

    Revenues 
    $9,686  
    $16,608 

    Operating Expenses 

    Cost of revenues 
     (3,936) 
     (3,167)
  
    Selling, general, and