Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 112

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 112
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 |     |      | (10,341 | ) |     |        |  (3,797 | ) |
| Net cash provided by (used in) investing activities – Discontinued Operations |     |                                 |  69,019 |   |     |      |    (179 | ) |     |        |  69,198 |   |
| Net cash provided by (used in) financing activities                           |     |                                 |     664 |   |     |      |   6,560 |   |     |        |  (5,896 | ) |
| Net cash provided by (used in) financing activities – Discontinued Operations |     |                                 | (80,422 | ) |     |      |  13,489 |   |     |        | (93,911 | ) |
| Effect of exchange rate on cash                                               |     |                                 |     124 |   |     |      |     (79 | ) |     |        |     203 |   |

Net Cash Used in Operating Activities Net cash used in continuing operating activities for the nine months ended September 30, 2024 compared to 2023 decreased by $0.4 million. The increase of $7.7 million in 2024 was primarily driven by an increase in selling, general, and administrative expenses, an increase in interest expense, an increase in other expenses as described above, and a decrease in revenues in the first nine months of 2024. The remaining decrease was a result of the normal fluctuations of receivables and payables over the normal course of business operations. Net cash used in discontinued operating activities for the nine months ended September 30, 2024 compared to 2023 decreased by $2.4 million. This was a result of the normal fluctuations of receivables and payables over the normal course of business operations. Net Cash Used in Investing Activities Net cash used in continuing investing activities for the nine months ended September 30, 2024 compared to 2023 decreased by $3.8 million. This was a result of decreased spending for new property, plant, and equipment, development endeavors, and current construction projects in 2024. Net cash provided by discontinued investing activities for the nine months ended September 30, 2024 compared to 2023 increased by $69.2 million. This was a result of the cash received for the sale of the Polish parks of $59.4 million and from the sale of the Netherlands park