Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 242

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 242
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 have been performed for the customer but have yet to be invoiced.

|                                   |     | Year Ended December 31, |  2023 |     |   |  2022 |
|:----------------------------------|:----|:------------------------|------:|:----|:--|------:|
|                                   |     | -in thousands           |       |     |   |       |
| Accounts receivable               |     | $                       |   651 |     | $ | 3,335 |
| Unbilled energy incentives earned |     |                         | 5,607 |     |   | 4,954 |
| Total                             |     | $                       | 6,258 |     | $ | 8,289 |

| 8. | Prepaid Expenses and Other Current Assets |

Prepaid and other current expenses
generally consist of amounts paid to vendors for services that have not yet been performed.

|                                           |     | Year Ended December 31, |  2023 |     |   |  2022 |
|:------------------------------------------|:----|:------------------------|------:|:----|:--|------:|
|                                           |     | -in thousands           |       |     |   |       |
| Prepaid expenses and other current assets |     | $                       | 2,602 |     | $ |   328 |
| Accrued revenue                           |     |                         |     6 |     |   |   294 |
| Other receivable                          |     |                         |   736 |     |   |   860 |
| Total                                     |     | $                       | 3,344 |     | $ | 1,482 |

| 9. | Property and Equipment, Net |

|                                |     | Year Ended December 31, |   2023 |   |     |   |    2022 |   |
|:-------------------------------|:----|:------------------------|-------:|:--|:----|:--|--------:|:--|
|                                |     | -in thousands           |        |   |     |   |         |   |
| Solar energy facilities        |     | $                       | 55,318 |   |     | $ |  75,009 |   |
| Building                       |     |                         |      - |   |     |   |     107 |   |
| Land                           |     |                         |    511