Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 316

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 316
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 it seeks to develop. Even when we have identified a desirable site for a solar park, its ability to obtain
site control with respect to the site is subject to its ability to finance the transaction and growing competition from other solar power
producers that may have better access to local government support, financing or other resources. If we are unable to find or obtain site
control for suitable PV sites on commercially acceptable terms, its ability to develop new solar parks on a timely basis or at all might
be harmed, which could have a material adverse effect on our business, financial condition and results of operations.

We depend on certain
key personnel and loss of these key personnel could have a material adverse effect on our business, financial condition and results of
operations.

Our success depends to
a significant degree on the services rendered by our key employees. Due to the level of technical expertise necessary to support its business
strategy, our success will depend upon our ability to attract and retain highly skilled and seasoned professionals in the solar industry
for which competition is intense. In particular, we are heavily dependent on the continued services of Mr. Vincent Browne, our Chief
Executive Officer. The loss of any key employee, including executive officers or members of senior management teams, and the failure to
attract, train and retain highly skilled personnel with sufficient experience in the industry to replace them, could harm our prospects,
business, financial condition, and the results of operations will be materially affected.

If sufficient demand
for solar parks does not develop or takes longer to develop than anticipated, our business, financial condition, results of operations
and prospects could be materially and adversely affected.

The PV market is at a
relatively early stage of development in some of the markets that the Company may intend to enter. The PV industry continues to experience
lower costs, improved efficiency and higher electricity output. However, trends in the PV industry are based only on limited data and
may not be reliable. Many factors may affect the demand for solar parks including, among others, cost and availability of financing for
solar parks, fluctuations in economic and market conditions, competition from non-solar energy sources, environmental concerns, public
perception and regulations and policies governing the electric power industry and the broader energy industry.

If market demand for
solar parks fails to develop sufficiently, our business, financial condition, results of operations and prospects could be materially
and adversely affected.

We are subject
to risks associated with fluctuations in the prices of PV modules and balance-of-system components