Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 29

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 29
---
 these affiliates become bankrupt or insolvent, there can be no assurance that a court or other foreign tribunal, liquidator, monitor,
trustee or similar party would not seek to enforce these intercompany arrangements and guarantees or otherwise seek relief against the
holding companies and their other affiliates. If any of our material foreign subsidiaries (e.g., subsidiaries that hold a significant
number of customer contracts, or that are the parent company of other material subsidiaries) become subject to a bankruptcy, liquidation
or similar insolvency proceeding, such proceeding could have a material adverse effect on our business and results of operations.

We are in a highly
competitive marketplace.

The renewable energy
industry is highly competitive and we face significant competition in the markets in which we operate. Some of our competitors may have
advantages over us in terms of greater operational, financial and technical management as well as additional resources in particular markets
or in general. Our competitors may also enter into strategic alliances or form affiliates with other competitors to its detriment. Suppliers
or contractors may merge with our competitors which may limit our choices of contractors and hence the flexibility of its overall project
execution capabilities. Increased competition may result in price reductions, reduced profit margins and loss of market share. 

Moreover, our current
business strategy is to own and operate all of the solar parks which we develop and acquire. As part of our growth plan, we may, in the
future, acquire solar parks in various development stages through a competitive bidding process as part of the auction schemes in the
various jurisdictions we plan to grow and establish ourself in as well as the current countries we operate in. The bidding and selection
process is affected by a number of factors, including factors that may be beyond our control, such as market conditions or government
incentive programs. Our competitors may have greater financial resources, a more effective or established localized business presence
or a greater willingness or ability to operate with little or no operating margins for sustained periods of time. Any increase in competition
during such bidding processes or reduction in its competitive capabilities could have a significant adverse impact on its market share
and on the margins it generates from its solar parks.

19

Further, large, utility-scale
solar parks must be interconnected to the power grid in order to deliver electricity, which requires us, through its local partnerships,
to find suitable sites with capacity on the power grid available. Our competitors may impede its development efforts by acquiring control
of all or a portion of a PV site it seeks to develop. Even