Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 42

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 42
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 the COVID-19 pandemic, tariffs and trade barriers, export regulations, regulatory
or contractual limitations, industry market requirements, and changes in technology and industry standards.

Other factors may also
impact costs, such as our choice to make significant investments to drive growth in the future.

26

Our business prospects
could be harmed if solar energy is not widely adopted or sufficient demand for solar energy systems does not develop or takes longer to
develop than we anticipate.

The solar energy market
is at a relatively early stage of development. The extent to which solar energy will be widely adopted and the extent to which demand
for solar energy systems will increase are uncertain. If solar energy does not achieve widespread adoption or demand for solar energy
systems fails to develop sufficiently, we might be unable to achieve our revenue and profit targets. Demand for solar energy systems in
our targeted markets might not develop as we anticipate. Many factors may affect the demand for solar energy systems, including the following:

    ●
    availability of government and utility company subsidies and incentives to support the development of the solar energy industry;

    ●
    government and utility policies regarding the interconnection of solar energy systems to the utility grid;

    ●
    fluctuations in economic and market conditions that affect the viability of conventional and non-solar renewable energy sources, such as changes in the price of natural gas and other fossil fuels;

    ●
    cost-effectiveness (including the cost of solar modules), performance and reliability of solar energy systems compared with conventional and other non-solar renewable energy sources and products;

    ●
    success of other renewable energy generation technologies, such as hydroelectric, wind, geothermal, solar thermal, concentrated solar and biomass;

    ●
    availability of customer financing with economically attractive terms;

    ●
    fluctuations in expenditures by purchasers of solar energy systems, which tend to decrease in slower economic environments and periods of rising interest rates and tighter credit; and

    ●
    deregulation of the electric power industry and the broader energy industry.

The modification,
reduction, elimination, or expiration of government subsidies, economic incentives, tax incentives, renewable energy targets, and other
support for on-grid solar electricity applications, or the impact of other public policies, such as tariffs or other trade remedies imposed
on solar cells and modules or related raw materials or equipment, could negatively impact demand and/or price levels for our solar modules
and limit our growth or lead to a reduction in our net sales or increase our costs, thereby adversely impacting our operating results.

Although we believe