Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1575

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 4
Chunk 1575
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 current
portfolio of renewable energy facilities is generally contracted under long-term Energy Offtake Agreements (FIT programs/PPAs/VPPAs) with
creditworthy counterparties in the respective regions we operate in. Pricing of the electricity sold under these agreements is generally
fixed for the duration of the contract, although some of its PPAs have price escalators based on an index (such as the consumer price
index) or other rates specified in the applicable PPA.

One solar park in the Netherlands
receives pre-payments calculated at the beginning of the year and based on the previous years’ production (MWhs produced) multiplied
by a calculated average price per MWh for the year and divided by twelve. The Company books revenue monthly by multiplying actual production
per the Company’s meters by the average price provided by the Offtaker at the beginning of the year to estimate revenue for the
month. There is a true-up performed in June of the following year using actual power produced for the previous year multiplied by the
average EPEX price (average actual market price per KWh for the year) less the prepayment for the year. If the true-up calculation is
positive, The Offtaker settles with a payment to the Company. If the true-up is negative, the Company settles with a payment to Offtaker.

F-15

Disaggregated Revenues 

The following table shows
the Company’s revenues disaggregated by country and contract type:

    Year Ended December 31, 
  
    Revenue by Country 
    2024  
    2023 

    (in thousands) 
  
    Italy 
    $-  
    $3,360 
  
    United States 
     311  
     116 
  
    Total for continuing operations 
    $311  
    $3,476 

    Discontinued Operations: 

    Netherlands 
    $16  
    $2,840 
  
    Poland 
     106  
     7,593 
  
    Romania 
     9,687  
     16,608 
  
    Total for discontinued operations 
    $9,809  
    $27,041 
  
    Total for the period 
    $10,120  
    $30,517 

    Year Ended December 31, 
  
    Revenue by Offtake Type 
    2024  
    2023 

    (in thousands) 
  
    Country Renewable