Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 21

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 21
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 not be successful and miscalculations in planning a project may negatively affect engineering procurement
and construction (“EPC”) prices, all of which could increase the costs, delay or cancel a project, and have a material adverse
effect on its business, financial condition, results of operations and profit margins.

The development of solar
projects involves numerous risks and uncertainties and requires extensive research, planning and due diligence. We may be required to
incur significant amounts of capital expenditure for land/rooftop use rights, interconnection rights, preliminary engineering, permits,
legal and other expenses before we can determine whether a solar power project is economically, technologically or otherwise feasible.
Success in developing a solar power project is contingent upon, among other things:

    ●
    securing investment or development rights;

    ●
    securing suitable project sites, necessary rights of way, satisfactory land/rooftop use or access rights in the appropriate locations with capacity on the transmission grid and related permits, including completing environmental assessments and implementing any required mitigation measures;

    ●
    rezoning land, as necessary, to support a solar power project;

    ●
    negotiating satisfactory EPC agreements;

    ●
    negotiating and receiving required permits and approvals for project development from government authorities on schedule;

    ●
    completing all required regulatory and administrative procedures needed to obtain permits and agreements;

    ●
    procuring rights to interconnect the solar power project to the electric grid or to transmit energy;

    ●
    paying interconnection and other deposits, some of which are non-refundable;

14

    ●
    signing grid connection and dispatch agreements, power purchase agreements, or PPAs, or other arrangements that are commercially acceptable, including adequate for providing financing;

    ●
    obtaining project financing, including debt financing and own equity contribution;

    ●
    negotiating favorable payment terms with suppliers; and

    ●
    completing construction on schedule in a satisfactory manner.

Successful completion
of a particular solar project may be adversely affected by numerous factors, including without limitation:

    ●
    unanticipated changes in project plans or defective or late execution;

    ●
    difficulties in obtaining and maintaining governmental permits, licenses and approvals required by existing laws and regulations or additional regulatory requirements not previously anticipated;

    ●
    potential challenges from local residents, environmental organizations, and others who may not support the project;

    ●
    uncertainty in the timing of grid connection;

    ●
    the inability to procure adequate financing with acceptable terms;

    ●