Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 242

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 242
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 mainly driven lower operating costs in the current period
due to management cost rationalization programs. The funds raised in 2025 were approximately $1.5 million of new debt.

Net cash used in discontinued financing activities
for the six months ended June 30, 2025 compared to 2024 decreased by $80.5 million due to all operating parks in Poland, the Netherlands
and Romania being sold on January 19, 2024, February 21, 2024 and October 3, 2024, respectively. 

57

Critical Accounting Estimates 

In the notes to our consolidated financial statements
and in Part II, “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”
included in our 2024 Annual Report on Form 10-K, we have disclosed those accounting policies that we consider to be most significant in
determining our results of operations and financial condition and involve a higher degree of judgment and complexity. There have been
no changes to those policies that we consider to be material since the filing of our 2024 Annual Report on Form 10-K. The accounting principles
used in preparing our condensed consolidated financial statements conform in all material respects to GAAP.

Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure

None. 

Item 3. Quantitative and Qualitative Disclosures
about Market Risk 

For quantitative and qualitative disclosures about
market risk, see “Item 7A., Quantitative and Qualitative Disclosures About Market Risk” of our Annual Report on Form 10-K
for the year ended December 31, 2024. Our exposures to market risk have not changed materially since December 31, 2024.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our disclosure controls and procedures are designed
to ensure that the information we are required to disclose in reports that we file or submit under the Securities Exchange Act of 1934,
as amended (the “Exchange Act”) is recorded, processed, summarized, and reported within the time periods specified in SEC
rules and forms, and that such information is accumulated and communicated to our management to allow timely decisions regarding required
disclosure.

Our management, with the participation and supervision
of Mr. Browne, our Chief Executive Officer and Interim Chief Financial Officer, have evaluated the effectiveness of our disclosure controls
and procedures (as defined in Rules 13a-15(e) and 15d-15(e