Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 376

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 376
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 (88)%
  
    Energy Offtake Agreements (PPA) 
     -  
     962  
     (962) 
     (100)%
  
    Total for continuing operations 
    $311  
    $3,467  
    $(3,156) 
     (91)%

    Discontinued Operations: 

    Country Renewable Programs (FiT) 
    $334  
    $5,966  
    $(5,632) 
     (94)%
  
    Green Certificates 
     5,803  
     10,548  
     (4,745) 
     (45)%
  
    Guarantees of Origin 
     -  
     129  
     (129) 
     (100)%
  
    Energy Offtake Agreements (PPA) 
     3,638  
     10,403  
     (6,765) 
     (65)%
  
    Other Revenue 
     34  
     4  
     30  
     750%
  
    Total for discontinued operations 
    $9,809  
    $27,050  
    $(17,241) 
     (64)%
  
    Total for the period 
    $10,120  
    $30,517  
    $(20,397) 
     (67)%

54

Cost of Revenues 

The Company capitalizes its equipment costs, development
costs, engineering costs, and construction related costs that are deemed recoverable. The Company’s cost of revenues with regard
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.

Cost of revenues for the year ended December 31,
2024 and 2023 were as follows:

    Year Ended December 31, 
  
    Cost of Revenues by Country 
    2024  
    2023  
    Change 
($)