Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 382

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 382
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2023  
    Change ($)  
    Change  (%) 

    (in thousands) 
  
    Loss on disposal of assets 
    $-  
    $(4,854) 
    $4,854  
     (100)%
  
    Costs related to disposal of asset 
     -  
     (647) 
     647  
     (100)%
  
    Total for continuing operations 
    $-  
    $(5,501) 
    $5,501  
     (100)%

    Discontinued Operations: 

    Gain on disposal of asset 
    $3,374  
     -  
     3,374  
     100%
  
    Costs related to disposal of asset 
     (1,843) 
     (137) 
     (1,706) 
     1,245%
  
    Gain on sale of discontinued operations 
     51,844  
     -  
     51,844  
     100%
  
    Total for discontinued operations 
    $53,375  
    $(137) 
    $53,512  
     (39,060)%
  
    Total for the period 
    $53,375  
    $(5,638) 
    $59,013  
     (1,047)%

There were no gains or losses on disposal of assets
for continuing operations for the year ended December 31, 2024. On December 27, 2023, the Company sold its operating parks in Italy with
a carrying value of $22.3 million for $17.4 million resulting in a $4.9 million loss. The costs incurred to complete the transaction totaled
$0.6 million and are reported together with the disposal of the assets according to ASC 360-10-35-38.

On January 19, 2024, the Company sold its operating
parks in Poland with a carrying value of $55.2 million for $59.4 resulting in a $4.2 million gain. The costs incurred to complete the
transaction totaled $0.8 million and are reported together with the disposal of the assets according to ASC 360-10-35-38.

On February 21, 2024, the Company sold its operating
park in the Netherlands with a carrying value of $8.0 million for $7.