Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 306

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 306
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    Costs related to disposal of asset 
     -  
     -  
     -  
     -%
  
    Total for discontinued operations 
    $-  
    $-  
    $-  
     -%
  
    Total for the period 
    $11,924  
    $-  
    $11,924  
     100%

48

    Six Months Ended June 30, 

    2025  
    2024  
    Change ($)  
    Change (%) 

    (in thousands) 
  
    Gain on sale of continuing operations 
    $15,513  
    $-  
    $15,513  
     100%
  
    Total for continuing operations 
     15,513  
     -  
     15,513  
     100%

    Discontinued Operations: 

    Gain on disposal of asset 
    $-  
    $3,374  
    $(3,374) 
     (100)%
  
    Costs related to disposal of asset 
     -  
     (1,200) 
     (1,200) 
     100%
  
    Total for discontinued operations 
    $-  
    $2,165  
    $(2,165) 
     (100)%
  
    Total for the period 
    $15,513  
    $2,165  
    $13,348  
     616%

On April 29, 2025, the LiiON asset purchase agreement
was rescinded, resulting in a disposal of assets. There were no costs incurred to complete the transaction. The Company recorded a loss
of $33,700 in the income statement for the three months ended June 30 in relation to the transaction.

On March 25, 2025, the Company sold its subsidiaries
in Spain to AEG, a related party. There were no costs incurred to complete the transaction. As a result of the Transaction, the Company
recorded a gain on the sale of $3.5 million and removed approximately $3 million in debt and payables related to MH02’s activities
(See footnote 16).

On May 7, 2025, the Company sold AEG MH 02 Limited
(“MH02”) and all its subsidiaries to third parties. There was no cost incurred to complete the sale