Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 327

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 327
---
 adverse impact on our operations and financial performance.

Recent increases
in inflation and in the United States and internationally could adversely affect our business.

Recent increases in inflation
in the United States and elsewhere may be leading to increased price volatility for publicly traded securities, including ours, and may
lead to other national, regional and international economic disruptions, any of which could have an adverse effect on our business and
operations.

The solar energy
industry is a new and evolving market, which may not grow to the size or at the rate we expect.

The solar energy industry
is a new and rapidly growing market opportunity. We believe the solar energy industry will continue still take several years to fully
develop and mature, but we cannot be certain that the market will grow to the size or at the rate that we expect. Any future growth of
the solar energy market and the success of our solar service offerings depend on many factors beyond our control, including recognition
and acceptance of the solar service market by consumers, the pricing of alternative sources of energy, a favorable regulatory environment,
the continuation of expected tax benefits and other incentives, and our ability to provide our solar service offerings cost-effectively,
and our business might be adversely affected should the markets for solar energy do not develop to the size or at the rate we expect.

Solar energy has yet
to achieve broad market acceptance and depends in part on continued support in the form of rebates, tax credits, and other incentives
from federal, state and local governments. If this support diminishes materially, our ability to attract customers for our products and
services could be adversely affected. Declining macroeconomic conditions, including labor markets, could contribute to instability and
uncertainty among customers and impact their financial ability, credit scores or interest in entering into long-term contracts, even if
such contracts would generate immediate and long-term savings.

Market prices of retail
electricity generated by utilities or other energy sources also could decline for a variety of reasons, as discussed further below. Any
such declines in macroeconomic conditions, changes in retail prices of electricity or changes in customer preferences would adversely
impact our business.

Declining costs related
to raw materials, manufacturing and the sale and installation of our solar service offerings have been a key driver in the pricing of
our solar service offerings and customer adoption of solar energy. The prices of solar modules and raw materials have declined, however
the cost of solar modules and raw materials could increase in the future, and such products’ availability could decrease, due to
a variety of