Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 183

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 183
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  -  
    $93  
    $(93) 
     (100)%
  
    Total for continuing operations 
    $-  
    $93  
    $(93) 
     (100)%

    Discontinued Operations: 

    Country Renewable Programs (FIT) 
    $-  
    $199  
    $(153) 
     (100)%
  
    Green Certificates 
     -  
     1,569  
     (1,569) 
     (100)%
  
    Energy Offtake Agreements (PPA) 
     -  
     384  
     (384) 
     (100)%
  
    Other Revenue 
     -  
     57  
     (57) 
     100%
  
    Total for discontinued operations 
    $-  
    $2,209  
    $(2,209) 
     (100)%
  
    Total for the period 
    $-  
    $2,302  
    $(2,302) 
     (100)%

Cost of Revenues 

The Company capitalizes its equipment costs, development
costs, engineering, and construction related costs that are deemed recoverable. The Company’s cost of revenues with regards to its
solar parks is primarily a result of the asset management, operations, and maintenance, as well as tax, insurance, and lease expenses.
Certain economic incentive programs, such as FIT regimes, generally include mechanisms that ratchet down incentives over time. As a result,
the Company seeks to connect its solar parks to the local power grids and commence operations in a timely manner to benefit from more
favorable existing incentives. Therefore, the Company generally seeks to make capital investments during times when incentives are most
favorable.

40

Cost of revenues for the three months ended March
31, 2025 and 2024 were as follows:

    Three Months Ended March 31, 
  
    Cost of Revenues by Country 
    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    United States 
               -  
     15  
     (15) 
     (100)%
  
    Total for continuing operations 
    $-  
    $15  
    $(15) 
     (100)