Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2203

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 7
Chunk 2203
---
100% of its equity ownership to AEG (parent company) on November 5, 2024. Refer to Footnote 20 for additional deconsolidation
information.

Depreciation, amortization and accretion expenses
for discontinued operations decreased by $3.3 million for the year ended December 31, 2024 compared to the same period in 2023. All operating
parks in Poland and the Netherlands were sold on January 19, 2024 and February 21, 2024, respectively, resulting in a $2.8 million decrease
in depreciation expense. Furthermore, the total Romanian depreciation expense for 2024 accounts for only nine months as the Company sold
the Romanian operating parks on October 3, 2024. Refer to Footnote 19 for additional sale information.

57

Gain on Disposal of Assets

    Year Ended December 31, 

    2024  
    2023  
    Change ($)  
    Change  (%) 

    (in thousands) 
  
    Loss on disposal of assets 
    $-  
    $(4,854) 
    $4,854  
     (100)%
  
    Costs related to disposal of asset 
     -  
     (647) 
     647  
     (100)%
  
    Total for continuing operations 
    $-  
    $(5,501) 
    $5,501  
     (100)%

    Discontinued Operations: 

    Gain on disposal of asset 
    $3,374  
     -  
     3,374  
     100%
  
    Costs related to disposal of asset 
     (1,843) 
     (137) 
     (1,706) 
     1,245%
  
    Gain on sale of discontinued operations 
     51,844  
     -  
     51,844  
     100%
  
    Total for discontinued operations 
    $53,375  
    $(137) 
    $53,512  
     (39,060)%
  
    Total for the period 
    $53,375  
    $(5,638) 
    $59,013  
     (1,047)%

There were no gains or losses on disposal of assets
for continuing operations for the year ended December 31,