Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 86

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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%

    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was rescinded, resulting in a disposal of assets.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. As a result of the Transaction,
the Company recorded a gain on the sale of $11.9 million and removed approximately $18.3 million in debt and payables related to MH02’s
activities (See Footnote 18).

On January 19, 2024, the Company sold its operating
parks in Poland with a carrying value of $55.2 million for $59.4 resulting in a $4.2 million gain partially offset by a $0.9 million loss
on sale of assets in the Netherlands. $1.6M of the cash received was held back by the seller per the SPA and recorded as a receivable
on the Consolidated Balance Sheet. On February 22, 2024, the Company sold its operating park in the Netherlands with a carrying value
of $8.0 million for $7.1 million resulting in a $0.