Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 280

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 280
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 and other current assets |     | $              | 1,591 |     | $           | 2,552 |
| Other receivable                          |     |                |    72 |     |             |    82 |
| Total                                     |     | $              | 1,663 |     | $           | 2,634 |

8. Property and Equipment, Net

|                                |     | September 30   
 2024           
 (in thousands) |        |   |     | December 31 
 2023        |        |   |
|:-------------------------------|:----|:---------------|-------:|:--|:----|:------------|-------:|:--|
| Solar energy facilities        |     | $              |  6,615 |   |     | $           |  5,134 |   |
| Software and computers         |     |                |     23 |   |     |             |      - |   |
| Furniture and fixtures         |     |                |     48 |   |     |             |     48 |   |
| Vehicles owned                 |     |                |     35 |   |     |             |      - |   |
| Construction in progress       |     |                | 17,314 |   |     |             | 12,420 |   |
| Total property and equipment   |     |                | 24,035 |   |     |             | 17,602 |   |
| Less: Accumulated depreciation |     |                |   (216 | ) |     |             |    (63 | ) |
| Total                          |     | $              | 23,819 |   |     | $           | 17,539 |   |

Construction in progress refers to projects that have been secured and are currently under construction. As of September 30, 2024, the Company has active construction projects in the U.S. of $ 14.4million and in Europe of $ 2.9million.

F-57

9. Capitalized development cost and other long-term assets

Capitalized development costs are amounts paid to vendors that are related to the purchase and construction of solar energy facilities. Other receivables consist of amounts owed to the Company as well as amounts paid to vendors for services that have yet to be received by the Company. Capitalized cost and other long-term assets consisted of the following:

|                              |     | September 30   
 2024