Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 186

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 186
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 (i.e., either the first or second quarterly period of the
year ending December 31, 2025).

Development Cost

The Company depends heavily on government policies that support our
business and enhance the economic feasibility of developing and operating solar energy projects in regions in which we operate or plan
to develop and operate renewable energy facilities. The Company can decide to abandon a project if there is material change in budgetary
constraints, political factors or otherwise, governments from time to time may review their laws and policies that support renewable energy
and consider actions that would make the laws and policies less conducive to the development and operation of renewable energy facilities.
Any reductions or modifications to, or the elimination of, governmental incentives or policies that support renewable energy or the imposition
of additional taxes or other assessments on renewable energy, could result in, among other items, the lack of a satisfactory market for
the development and/or financing of new renewable energy projects, our abandoning the development of renewable energy projects, a loss
of our investments in the projects, and reduced project returns, any of which could have a material adverse effect on our business, financial
condition, results of operations and prospects. Refer to Footnote 13 to the accompanying financial statements for more detail of development
cost.

    Three Months Ended March 31, 

    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Development Cost 
    $            -  
    $7  
    $(7) 
     (100)%
  
    Total for continuing operations 
    $-  
    $7  
    $(7) 
     (100)%
  
    Total for the period 
    $-  
    $7  
    $(7) 
     (100)%

Development cost decreased by $7 thousand for
the three months ended March 31, 2025 compared to the same period in 2024 due to no projects being written off in 2025.

There were no development costs for discontinued
operations for the three months ended March 31, 2025 and 2024.

42

Depreciation, Amortization and Accretion Expense 

Depreciation, amortization, and accretion expenses
for the three months ended March 31, 2025 and 2024 were as follows:

    Three Months Ended March 31, 

    2025