Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 241

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 241
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 working capital items
based in each case on their estimated fair values. The excess of the purchase price, if any, over the estimated fair value of net assets
acquired is recorded as goodwill. The fair value measurements of the assets acquired, and liabilities assumed were derived utilizing
an income approach and based, in part, on significant inputs not observable in the market. These inputs include, but are not limited
to, estimates of future power generation, commodity prices, operating costs, and appropriate discount rates. These inputs required significant
judgments and estimates at the time of the valuation. In addition, acquisition costs related to business combinations are expensed as
incurred.

Acquisition of RA01 Sp. Z.O.O.

On March 24, 2022, the Company
acquired a solar park portfolio located in Poland from a third party for a total purchase price, net of cash received, of $ million.
The transaction was accounted for as an acquisition of assets, whereby the Company acquired $ million of property and equipment and
$ million of other assets. These assets have been moved to discontinued operations as of December 31, 2023. Refer to Footnote 20 for
more details.

Acquisition of Gardno Sp. Z.O.O.

On March 24, 2022, the Company
acquired a solar park portfolio located in Poland from a third party for a total purchase price, net of cash received, of $ million.
The transaction was accounted for as an acquisition of assets, whereby the Company acquired $ million of property and equipment, and
$ million of other assets. These assets have been moved to discontinued operations as of December 31, 2023. Refer to Footnote 20 for
more details.

Acquisition of Gardno 2 Sp. Z.O.O.

On March 24, 2022, the Company
acquired a solar park portfolio located in Poland from a third party for a total purchase price, net of cash received, of $ million.
The transaction was accounted for as an acquisition of assets, whereby the Company acquired $ million of property and equipment, and
$ million of other assets. These assets have been moved to discontinued operations as of December 31, 2023. Refer to Footnote 20 for
more details.

F-25

| 7. | Accounts Receivable |

Accounts receivable relate
to amounts due from customers for services that have been performed and invoices that have been sent. Unbilled energy incentives relate
to services that