Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 17

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 17
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 conditions or other future developments, including any investments or acquisitions
it may decide to pursue in order to remain competitive. Historically, we have used bank loans, bridging loans, and third-party equity
contributions to fund its project acquisition and development. We expect to seek to expand our business with third-party financing options,
including bank loans, equity partners, financial leases, and securitization. However, it cannot be guaranteed that we will be successful
in locating additional suitable sources of financing in the time periods required or at all, or on terms or at costs that it finds attractive
or acceptable, which may render it impossible for us to fully execute our growth plan.

Any debt financing may
require restrictive covenants and additional funds may not be available on terms commercially acceptable to us, vis-à-vis 
acquired assets and subsidiaries. Failure to manage discretionary spending and raise additional capital or debt financing as required
may adversely impact our ability to achieve our intended business objectives.

We are a holding
company that relies on distributions and other payments, advances and transfers of funds from our subsidiaries to meet our obligations.

We have no direct operations
and derive all our revenue and cash flow from our subsidiaries. Because we conduct our operations through subsidiaries, we depend on those
entities for payments or distributions in order to meet our obligations. The deterioration of the earnings from, or other available assets
of, our subsidiaries for any reason could limit or impair their ability to pay us and adversely affect our operations.

The reduction, modification
or elimination of government subsidies and economic incentives may reduce the economic benefits of existing solar parks and the opportunities
to develop or acquire suitable new solar parks.

Government subsidies
and incentives have primarily been in the form of FiT price support schemes, tax credits, net metering, and other incentives to end-users,
distributors, system integrators and manufacturers of solar energy products. The availability and size of such subsidies and incentives
depend, to a large extent, on political and policy developments relating to environmental concerns in a given country. Changes in policies
could lead to a significant reduction in, or discontinuation of, the support for renewable energies in such country, which could, in turn,
have a material adverse effect on our business, financial condition, results of operations, and prospects.

Decreases in the
spot market price of electricity could harm our revenue and reduce the competitiveness of solar parks in grid-parity markets.

The price of electricity
from our solar parks is fixed through PPAs or FiTs for