Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 187

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Depreciation, Amortization and Accretion expense 
    $130  
    $70  
    $60  
     85%
  
    Total for continuing operations 
    $130  
    $70  
    $60  
     85%

    Discontinued Operations: 

    Depreciation, Amortization and Accretion expense 
    $-  
    $678  
    $(678) 
     (100)%
  
    Total for discontinued operations 
    $-  
    $678  
    $(678) 
     (100)%
  
    Total for the period 
    $130  
    $748  
    $(618) 
     (83)%

Depreciation and Amortization expense for continuing
operations increased by $60 thousand for the three months ended March 31, 2025 compared to the same period in 2024. This was primarily
driven by the amortization for the intangible assets acquired in the Liion transaction December 2024, and the sale of the assets that
related to the 2024 charge.

Depreciation, amortization and accretion expenses
for discontinued operations decreased by $0.7 million for the three months ended March 31, 2025 compared to the same period in 2024 due
to all operating parks in Poland, the Netherlands and Romania being sold on January 19, 2024, February 21, 2024 and October 3, 2024, respectively.

Gain on Disposal of Assets

    Three Months Ended March 31, 

    2025  
    2024  
    Change ($)  
    Change (%) 

    (in thousands) 
  
    Gain on sale of continuing operations 
    $3,589  
    $-  
    $3,589  
     100%
  
    Total for continuing operations 
     3,589  
     -  
     3,589  
     100%

    Discontinued Operations: 

    Gain on disposal of asset 
    $-  
    $3,374  
    $(3,774) 
     (100)%
  
    Costs related to disposal of asset 
     -  
     (1,