Financial Performance - The Company reported no revenue for the three and six months ended June 30, 2025, compared to $0.094 million and $0.187 million for the same periods in 2024, representing a 100% decrease[230]. - The total operating income for the three months ended June 30, 2025, was $8.235 million, compared to an operating loss of $2.990 million in 2024, indicating a significant improvement[230]. - The net income for the three months ended June 30, 2025, was $5.234 million, compared to a net loss of $6.837 million in the same period of 2024[230]. - The Company’s total operating expenses for the three months ended June 30, 2025, were $3.689 million, compared to $2.781 million in 2024, reflecting an increase of 32.7%[230]. - The Company’s total comprehensive income for the three months ended June 30, 2025, was $5.965 million, compared to a comprehensive loss of $6.325 million in 2024[230]. - The Company’s interest expense for the three months ended June 30, 2025, was $1.250 million, compared to $0.809 million in 2024, indicating an increase of 54.5%[230]. - The Company reported a loss of $33,700 related to the rescinded LiiON asset purchase agreement for the three months ended June 30, 2025[248]. - Net income for continuing operations increased by $10 million for the three months and $12.1 million for the six months ended June 30, 2025, primarily due to a gain on sale of subsidiaries totaling $15.5 million[256][257]. - Total debt decreased from $30.3 million as of December 31, 2024, to $10.7 million as of June 30, 2025, reflecting a significant reduction in liabilities[260]. - The company eliminated approximately $115 million in debt related to the sale of Solis and its subsidiaries, improving shareholders' equity by approximately $59 million[262]. Revenue and Expense Trends - The company expects to generate approximately 15% of annual revenues in Q1, 35% in Q2, 35% in Q3, and 15% in Q4 due to seasonal variations in solar energy production[218]. - Cost of revenues for continuing operations decreased by $159,000 (100%) for the three months and $174,000 (100%) for the six months ended June 30, 2025, compared to the same period in 2024, due to the sale of operating parks in the United States[237]. - Cost of revenues for discontinued operations decreased by $1.6 million (100%) for the three months and $2.7 million (100%) for the six months ended June 30, 2025, due to the sale of all operating parks in Poland, the Netherlands, and Romania[238]. - Selling, general and administrative expenses for continuing operations increased by $908,000 (33%) for the three months ended June 30, 2025, primarily due to non-cash stock compensation costs of approximately $2.1 million[239]. - Selling, general and administrative expenses for continuing operations decreased by $709,000 (12%) for the six months ended June 30, 2025, compared to the same period in 2024[240]. - Total selling, general and administrative expenses for the period decreased by $1.1 million (23%) for the three months and $6.4 million (55%) for the six months ended June 30, 2025, compared to the same periods in 2024[239][240]. - Interest expense for continuing operations decreased by $1.1 million (53%) for the six months ended June 30, 2025, compared to the same period in 2024[253]. - Total interest expense, other income, and other expense for discontinued operations decreased by $2.0 million (43%) for the three months and $6.6 million (62%) for the six months ended June 30, 2025, compared to the same period in 2024[254]. Financing and Capital Structure - The company is actively seeking corporate and project-level financing to support its transatlantic business plan and has taken steps to eliminate significant debt[200]. - The company plans to finance acquisitions and growth capital expenditures primarily through long-term non-recourse debt and retained cash flows from operations[258]. - The company has accessed capital markets multiple times in 2024 and 2025 for long-term project debt and corporate loans, which is crucial for its growth strategy[224]. - The company is currently addressing going concern issues and is working with global banks to secure necessary project financing[265]. - As of June 30, 2025, the company had cash and cash equivalents of $161,000, a significant increase from $10,000 as of December 31, 2024[260]. Operational Changes and Discontinued Operations - The Company’s discontinued operations reported a revenue decrease of $3.8 million for the three months ended June 30, 2025, due to the sale of all operating parks in Poland, the Netherlands, and Romania[233]. - The Company’s nameplate capacity for renewable energy facilities in the United States was 3.8 MW (DC) in 2024, which is now zero in 2025 due to discontinued operations[228]. - Net cash used in discontinued operating activities decreased by $6.5 million due to the sale of operating parks in Poland, the Netherlands, and Romania[294]. - Net cash used in discontinued financing activities decreased by $80.5 million due to the sale of operating parks in 2024[297]. Strategic Focus and Market Position - The company reported a focus on utility-scale renewable energy projects, including solar parks and battery storage, aiming for comprehensive clean energy solutions across Europe and America[194]. - The company aims to expand its portfolio through acquisitions of utility-scale clean energy projects and strategic partnerships to enhance revenue streams[212]. - The company anticipates growth opportunities in renewable energy generation driven by decreasing technology costs and the need for hybrid energy solutions[223]. - The company’s competitive strengths include a fully integrated clean energy provider model and a flexible, technology-agnostic strategy that supports cost optimization[201][207]. Accounting and Compliance - The Company reported no changes to critical accounting estimates since the filing of the 2024 Annual Report[298]. - There have been no disagreements with accountants on accounting and financial disclosure[299]. - The company’s common stock was suspended from trading on Nasdaq due to non-compliance with listing requirements[264].

Financial Performance - The Company reported revenues of $0 for the three months ended March 31, 2025, a decrease of $2.3 million (100%) compared to $2.3 million in the same period in 2024[202]. - The total operating expenses for the three months ended March 31, 2025, were $1.97 million, a decrease of $1.23 million (38.5%) compared to $3.2 million in 2024[200]. - The Company incurred a net loss of $180,000 for the three months ended March 31, 2025, compared to a net loss of $6.58 million in the same period in 2024[200]. - Selling, general, and administrative expenses for the three months ended March 31, 2025, were $1.49 million, a decrease of $1.68 million (54%) compared to $3.11 million in 2024[208]. - The Company experienced a significant decrease in revenues from discontinued operations, totaling $2.2 million for the three months ended March 31, 2025, compared to $2.2 million in 2024[203]. - The Company reported a gain of $3.589 million from the sale of continuing operations for the three months ended March 31, 2025, compared to no gain in the same period in 2024[218]. - Net loss for continuing operations decreased by $4.9 million for the three months ended March 31, 2025, primarily due to a decrease in SG&A expenses and a gain from the sale of subsidiaries[222]. - The Company’s basic and diluted earnings per share for continuing operations were $(0.02) for the three months ended March 31, 2025, compared to $(1.93) in 2024[200]. Revenue and Operations - The company’s revenue is primarily driven by the volume of electricity generated and sold, with long-term contracts providing price stability[185]. - The company expects seasonal variations in electricity production, with Q1 and Q4 generating approximately 15% of annual revenues each[188]. - The company anticipates that inflation and energy rate fluctuations will significantly affect its results of operations[184]. - The company aims to secure corporate and project-level financing to execute its transatlantic business plan while reducing debt through operational discontinuation[169]. - The company expects to generate stable, recurring income by owning and operating long-term contracted energy projects, enhancing shareholder value[180]. Debt and Financing - As of March 31, 2025, total debt was $10,380,000, a decrease of 65.8% from $30,344,000 as of December 31, 2024[227]. - The company eliminated approximately $115 million in debt and payables related to Solis activities, improving shareholders' equity by approximately $59 million[229]. - The company is currently quoted on an over-the-counter trading market due to non-compliance with Nasdaq listing requirements[231]. - The company is working with multiple global banks and funds to secure necessary project financing to execute its transatlantic business plan[232]. - The Company intends to finance future acquisitions and growth capital expenditures primarily through long-term non-recourse debt and retained cash flows from operations[225]. - The Company has a liquidity position that raises substantial doubt about its ability to continue as a going concern for twelve months from the issuance of the report[228]. - The company is addressing the going concern issue through various processes, including potential financing and restructuring efforts[232]. Asset Management - The combined nameplate capacity of the Company's renewable energy facilities was 43.9 MW (DC) as of March 31, 2024, with no capacity reported for 2025 due to discontinued operations[197]. - The Company sold 842 MWh of electricity in the United States for the three months ended March 31, 2024, while no sales were recorded for 2025 due to the sale of operating parks[198]. - Development costs for the three months ended March 31, 2025, decreased by $7 thousand compared to the same period in 2024, resulting in a 100% reduction[214]. - Depreciation, amortization, and accretion expenses for continuing operations increased by $60 thousand, or 85%, for the three months ended March 31, 2025, primarily due to amortization of intangible assets acquired in the LiiON transaction[216]. Strategic Focus - The company reported a focus on utility-scale renewable energy projects, including solar parks and battery storage, aiming to lead the transition to sustainable energy across Europe and America[163]. - The company’s growth strategy includes acquiring utility-scale clean energy projects and expanding into complementary market segments through M&A or partnerships[183]. - The company recognizes the need for access to capital markets to fund its growth strategy and manage commitments effectively[192]. - The Company has emphasized the importance of government policies in supporting the development and operation of renewable energy projects, which could significantly impact its financial condition[213]. Cash Flow - For the three months ended March 31, 2025, net cash provided by operating activities was $552,000, a significant increase of $1.6 million compared to a net cash used of $2,036,000 in the same period of 2024[247]. - Net cash used in discontinued operating activities decreased by $2.7 million for the three months ended March 31, 2025, attributed to the sale of operating parks in Poland, the Netherlands, and Romania[249]. - Net cash used in continuing investing activities decreased by $2.9 million for the three months ended March 31, 2025, as the Company did not pursue additional developments[250]. - Net cash provided by financing activities increased by $1.4 million for the three months ended March 31, 2025, driven by approximately $0.5 million of new debt and $0.9 million of intercompany transaction activity[251]. - Net cash used in discontinued financing activities decreased by $13.2 million for the three months ended March 31, 2025, also due to the sale of operating parks[252]. Miscellaneous - BESS LLC acquired certain assets from LiiON LLC related to its Battery Storage Business on December 11, 2024, including customer relationships and intellectual property[210]. - The asset purchase agreement was rescinded on April 29, 2025, due to undisclosed material issues and NASDAQ's delisting of the Company's equity[211]. - The Company reported no changes to critical accounting estimates since the filing of the 2024 Annual Report on Form 10-K[253]. - There have been no disagreements with accountants on accounting and financial disclosure[254].

Business Combination and Acquisitions - The company completed a business combination with Alternus Energy Group Plc on December 22, 2023, issuing 2,300,000 shares of common stock [271]. - The company aims to expand its portfolio by acquiring utility-scale clean energy projects and entering complementary market segments through M&A or strategic partnerships [287]. - The company entered into an asset purchase agreement with LiiON LLC for the acquisition of certain assets related to LiiON's Battery Storage Business, but the agreement was rescinded on April 29, 2025 [322][323]. - The company allocates the purchase price of acquired renewable energy facilities to tangible assets, intangible assets, non-controlling interests, and working capital based on their fair values [380]. - The analysis of acquisitions uses income approach valuation methodology, considering market conditions, energy production estimates, and operating costs [381]. Financial Performance - Revenue for the year ended December 31, 2024, was $10.12 million, a decrease of $20.4 million (67%) compared to $30.52 million in 2023 [311]. - The Company reported a net income of $21.08 million for the year ended December 31, 2024, compared to a net loss of $69.46 million in 2023 [309]. - The total megawatt hours (MWh) sold for the year ended December 31, 2024, was 48,247 MWh, down from 165,463 MWh in 2023, representing a decrease of 70% [308]. - The gross margin for the year ended December 31, 2024, was 17% of sales, compared to 63% for the same period in 2023 [316]. - The Company’s operating expenses for the year ended December 31, 2024, totaled $16.57 million, an increase from $13.77 million in 2023 [309]. - The Company experienced a loss from continuing operations of $24.75 million for the year ended December 31, 2024, compared to a loss of $32.61 million in 2023 [309]. - The Company’s discontinued operations reported a total revenue of $9.81 million in 2024, down from $27.04 million in 2023, a decrease of $17.23 million (64%) [311]. - The Company’s cost of revenues for the year ended December 31, 2024, was $4.52 million, a decrease of $4.17 million (48%) from $8.69 million in 2023 [315]. - Selling, general and administrative expenses for continuing operations increased by $7.1 million, or 143%, for the year ended December 31, 2024, driven by higher audit, consulting, legal, and listing costs [320]. - Total selling, general, and administrative expenses for the period increased by $2.3 million, or 21%, compared to the previous year [319]. Cash Flow and Financing Activities - The net cash used in operating activities for the year ended December 31, 2024 was $(3,222) thousand, a decrease of $6,261 thousand compared to 2023 [371]. - The net cash provided by discontinued operating activities increased by $85.4 million, primarily due to a gain of $55.0 million from the sale of operating parks [373]. - The net cash used in continuing investing activities increased by $1.0 million, attributed to construction costs for parks in the US and project developments in Italy and Spain [374]. - The net cash provided by continuing financing activities decreased by $19.9 million, mainly due to a net decrease of $13.8 million in new debt [376]. - The Company issued a senior convertible note of $2,160,000 with an 8% original issue discount, receiving gross proceeds of $2,000,000 [358]. - The Company entered into a Purchase Agreement for senior convertible notes totaling $2,500,000, with a 12% original issue discount, and received gross proceeds of $700,000 [359]. Operational Challenges and Concerns - The company operates with a working capital deficiency and negative equity, raising concerns about its ability to continue as a going concern without planned financing [274]. - The company expects inflation and energy rate fluctuations to significantly affect its results of operations [289]. - The company is currently addressing going concern issues and is working with global banks to secure project financing for its business plan [352]. Market and Risk Factors - The company utilizes annual recurring revenues as a key metric, reflecting long-term stability, based on estimated future revenue from solar parks [272]. - The company has a competitive advantage through its fully integrated clean energy provider model, managing the entire renewable energy value chain [276]. - The company expects to secure strong cash flows via long-term feed-in tariff contracts, allowing for high leverage capacity and flexibility in debt structuring [294]. - The company is exposed to foreign currency risk due to transactions and borrowings in foreign currencies, which affects its financial statements when translated into U.S. dollars [386]. - Interest rate risk arises from fluctuations in interest rates affecting the value of investments and financing activities, with the company monitoring the ratio of fixed and floating rate instruments [389]. Asset Management and Impairment - Impairment loss recognized for continuing operations increased by $3.3 million for the year ended December 31, 2024, primarily due to expected losses on the disposal of Spanish assets [341]. - Impairment losses are recognized if future estimated undiscounted cash flows from an asset are less than its carrying value, with fair values determined through various valuation methods [384]. Tax and Regulatory Matters - Corporate tax expense for continuing operations increased by $0.6 million for the year ended December 31, 2024, reflecting penalties for late tax filings [338]. - Recent accounting pronouncements may impact the company's financial position and results of operations, as disclosed in the significant accounting policies [394].

Revenue and Operations - As of September 30, 2024, approximately 64% of the Company's annual revenues are generated from long-term contracts, while 36% come from sales to the general energy market[197]. - The Company expects first and fourth quarter solar revenue to be lower than in other quarters, with approximately 15% of annual revenues generated in Q1 and 11% in Q4[216]. - Revenue for continuing operations decreased by $1.2 million for the three months ended September 30, 2024, primarily due to the revenues generated in 2023 by the Italian parks which were sold in December 2023[234]. - Total revenue for the nine months ended September 30, 2024, was $9.891 million, a decrease of $16.235 million or 62% compared to $26.126 million in 2023[232]. - The United States generated $280,000 in revenue for the nine months ended September 30, 2024, representing a 237% increase from $83,000 in 2023[232]. - Revenue for continuing operations decreased by $2.7 million for the nine months ended September 30, 2024, primarily due to the sale of Italian parks, offset by a $0.2 million increase in US parks revenue[235]. - Revenue for discontinued operations decreased by $5.0 million for the three months ended September 30, 2024, with a 29% year-on-year drop in Romanian revenues due to lower Green Certificates sales and energy rates[236]. - Total revenue for discontinued operations decreased by $13.5 million for the nine months ended September 30, 2024, with a $9.7 million decrease attributed to the sale of parks in Poland and the Netherlands[237]. - Total revenue for the period decreased by $16.2 million, from $26.1 million in 2023 to $9.9 million in 2024, representing a 62% decline[238]. - Total for discontinued operations saw a revenue drop of 58%, from $23.1 million in 2023 to $9.6 million in 2024[238]. Financial Performance - The net loss from continuing operations for the three months ended September 30, 2024, was $2.7 million, compared to a net loss of $2.1 million in the same period of 2023[230]. - The company reported total operating expenses of $8.198 million for the nine months ended September 30, 2024, compared to $5.443 million in 2023, reflecting an increase of 50.8%[230]. - Selling, general and administrative expenses for continuing operations increased by $4.2 million for the nine months ended September 30, 2024, driven by higher compensation, audit, and legal costs[253]. - Net loss for continuing operations increased by $7.7 million for the nine months ended September 30, 2024, primarily due to a $2.7 million reduction in revenues and a $4.2 million increase in SG&A expenses[277]. - Net loss for discontinued operations decreased by $10.8 million for the nine months ended September 30, 2024, primarily due to a decrease in revenues of $13.5 million[278]. Assets and Liabilities - As of September 30, 2024, 84.4% of the Company's total liabilities were project-related debt[218]. - As of September 30, 2024, total debt was $33.534 million, an increase from $32.312 million as of December 31, 2023[281]. - Cash and cash equivalents from continuing operations decreased to $290 thousand as of September 30, 2024, down from $4.042 million as of December 31, 2023[283]. - The company is in active discussions with the lender regarding a loan in default, with principal outstanding of $11.2 million as of September 30, 2024[291]. Project Development and Strategy - The Company aims to own and operate over 3.0 giga-watts (GWs) of solar parks over the next five years[197]. - The Company intends to expand its transatlantic independent power producer (IPP) portfolio in locations that deliver higher yields and attractive returns on investments[208]. - The Company is committed to establishing a formal sustainability policy framework to ensure sustainable project development[208]. - The Company believes that the renewable energy generation segment will continue to offer growth opportunities driven by the reduction in the cost of solar technologies and government policies encouraging renewable power[222]. - The company sold its renewable energy parks in Italy, Poland, and the Netherlands, which impacted both revenue and production capacity[228]. Costs and Expenses - Cost of revenues for continuing operations decreased by $0.7 million for the nine months ended September 30, 2024, primarily driven by the decrease in costs for the sold Italian parks[243]. - Gross margins were 49% of sales for the three months ended September 30, 2024, compared to 77% for the same period in 2023, mainly due to the exclusion of Italian operating parks[244]. - Selling, general and administrative expenses for the total period increased by 60%, from $5.5 million in 2023 to $8.8 million in 2024[248]. - Development cost for continuing operations increased by $0.7 million for the three months ended September 30, 2024 compared to the same period in 2023, totaling $741,000[255]. - Development cost for the nine months ended September 30, 2024 increased by $0.4 million compared to the same period in 2023, totaling $748,000[256]. - Total other expenses for continuing operations increased by $2.3 million for the nine months ended September 30, 2024, compared to the same period in 2023[273]. Financing and Capital - The company has accessed capital markets several times in 2022 and 2023 but has not done so in 2024, which may affect its ability to acquire additional clean power generation assets[223]. - The company is working with multiple global banks and funds to secure necessary project financing to execute its transatlantic business plan[287]. - The company has a financing facility of up to €500 million to finance eligible project costs for solar PV plants across Europe, which is currently not drawn upon[290]. - The Company secured a working capital loan of $3.2 million in October 2023, which was later increased to $3.6 million with a 10% interest rate[297]. Miscellaneous - The company received a delist determination letter from Nasdaq, but regained compliance with the Bid Price Rule on October 28, 2024[285]. - The company sold Solis and its subsidiaries in Romania for €1, which accounted for 98% of group revenues for the nine months ended September 30, 2024[289]. - In July 2023, the Company acquired a 32 MWp solar PV project in Tennessee for $2.4 million, financed through a bank loan with a 24% APY[294]. - In July 2023, a Spanish subsidiary acquired project rights for a 32 MWp solar PV portfolio in Valencia for $1.9 million, financed through a €3.0 million ($3.3 million) bank facility[296].

Financial Performance - Revenues decreased by $2.2 million (36%) to $3.8 million compared to the same period last year, driven by lower electricity prices and the sale of Italian parks[2] - Gross profit decreased by $2.8 million (55%) to $2.2 million, resulting in gross margins of 57%, down from 82% year-over-year[2] - Net loss of $6.8 million compared to a net loss of $1.7 million for the same period last year, primarily due to lower operating incomes and higher costs associated with debt issuance[3] - Selling and general expenses increased by $1.4 million (72%) year-over-year, attributed to higher operating costs from being listed on Nasdaq[2] - For the six months ended June 30, 2024, revenues decreased by $3.8 million (39%) to $6.0 million compared to the same period last year[12] Debt Management - Debt reduced by $80 million (40%) during the first half of 2024[3] Strategic Initiatives - The company announced a joint venture with Hover Energy to enter the microgrid energy market, targeting corporate customers and data centers[4] - Continued focus on acquiring near-term projects in North America, leveraging support from the Inflation Reduction Act[4] - The acquisition of 80MW of operating assets in the U.S. has not completed as planned due to unmet closing conditions[4] - The company aims to reach 3GW of operating projects within five years through organic development and strategic opportunities[18]

Revenue Generation - As of June 30, 2024, approximately 65% of the Company's annual revenues are generated from long-term contracts, while 35% come from sales to the general energy market[156]. - The Company expects first and fourth quarter solar revenue to be lower than in other quarters, with approximately 15% of annual revenues generated in Q1 and 11% in Q4[171]. - Revenue for the three months ended June 30, 2024, decreased by $2.2 million (36%) compared to the same period in 2023, primarily due to lower sales of Green Certificates and energy rates in Romania[183]. - The company's revenue from Romania for the three months ended June 30, 2024, was $3.754 million, a decrease of 24% from $4.942 million in 2023[183]. - Revenue for continuing operations decreased by $3.8 million for the six months ended June 30, 2024, representing a 28% drop year-on-year, primarily due to lower sales of Green Certificates and reduced energy rates in Romania[185]. - Total revenue for the period was $6,148 thousand, down 62% from $16,205 thousand in the same period of 2023[188]. - Revenue for discontinued operations decreased by $5.0 million for the three months and $6.2 million for the six months ended June 30, 2024, due to the sale of operating parks in Poland and the Netherlands[187]. Financial Position - The Company has a working capital deficiency and negative equity, raising doubts about its ability to continue as a going concern without planned financing[161]. - As of June 30, 2024, 95.5% of the Company's total liabilities were project-related debt[172]. - As of June 30, 2024, total debt was $120.2 million, a decrease of 39.4% from $198.4 million as of December 31, 2023[218]. - Cash and cash equivalents decreased to $1.1 million as of June 30, 2024, down from $4.6 million as of December 31, 2023[218]. - Solis Bond Company DAC had $86.6 million in outstanding green bonds as of June 30, 2024, down from $166.1 million as of December 31, 2023[218]. - Solis was in breach of three financial covenants under the bond terms as of June 30, 2024, including a minimum liquidity covenant of €5.5 million[219]. - The Company is currently in discussions to secure project financing to address going concern issues[227]. - The Company has until November 4, 2024, to regain compliance with Nasdaq's minimum market value of listed securities requirement of $35 million[226]. Operational Performance - The total nameplate capacity of the company's renewable energy facilities as of June 30, 2024, was 144.1 MW, down from 151.9 MW in 2023, indicating a decrease in overall production capacity[179]. - Megawatt hours (MWh) sold for the six months ended June 30, 2024, totaled 29,118 MWh, a decrease of 66% compared to 85,548 MWh in the same period of 2023[180]. - The company reported a net loss from continuing operations of $6.837 million for the three months ended June 30, 2024, compared to a net loss of $2.890 million in the same period of 2023[181]. - The company’s total revenue for discontinued operations was $122,000 for the three months ended June 30, 2024, down 98% from $6.344 million in 2023[184]. - The company sold its renewable energy parks in Italy, Poland, and the Netherlands, which contributed to a significant drop in revenue from these regions[182]. Cost and Expenses - The company’s operating expenses for the three months ended June 30, 2024, increased to $5.441 million from $4.506 million in the same period of 2023[181]. - Cost of revenues for continuing operations increased by $0.6 million for the three months ended June 30, 2024, primarily due to higher operational costs in Romania[192]. - Gross margins for the three months ended June 30, 2024, were 57% compared to 82% for the same period in 2023, mainly due to a 24% reduction in revenues and a 99% increase in cost of revenues in Romania[192]. - Selling, general and administrative expenses for continuing operations increased by $1.4 million for the three months ended June 30, 2024, driven by higher compensation, audit, and legal costs[195]. - Management has discontinued certain development activities in Europe, resulting in approximately $3 million in annual savings[196]. - Development costs for the three months ended June 30, 2024, were $0, down from $644 thousand in the same period of 2023[197]. - Development costs decreased by $0.6 million (approximately 50%) for the three months ended June 30, 2024, and by $0.7 million (approximately 50%) for the six months ended June 30, 2024, compared to the same periods in 2023[198]. Financing and Investments - The Company intends to optimize financing sources to support long-term growth and profitability in a cost-efficient manner[163]. - The company intends to finance acquisitions or growth capital expenditures using long-term non-recourse debt that fully amortizes within the asset's contracted life[213]. - In July 2023, the Company acquired a 32 MWp solar PV project in Tennessee for $2.4 million, financed through a bank loan with a 24% APY[231]. - The Company had a principal outstanding balance of $7.0 million as of June 30, 2024, and December 31, 2023[231]. - Net cash provided by investing activities increased by $64.2 million, driven by cash received from the sale of Polish parks totaling $59.4 million[247]. Strategic Initiatives - The Company aims to own and operate over 3.0 giga-watts (GWs) of solar parks over the next five years[156]. - The Company is committed to expanding its transatlantic Independent Power Producer (IPP) portfolio in locations that deliver higher yields and attractive returns on investments[163]. - The Company believes that the renewable energy generation segment will continue to offer growth opportunities driven by the reduction in the cost of solar technologies and government policies encouraging renewable power development[174]. - Approximately 40% of annual revenue in Romania is currently under contract at rates lower than prevailing market rates, leading to strategic adjustments[193]. - The company is mitigating exposure to lower contract rates by entering into shorter-term contracts with customers[193].

As filed with the U.S. Securities and Exchange Commission on July 26, 2024 Registration No. 333-278994 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Alternus Clean Energy, Inc. (Exact Name of Registrant as Specified in Its Charter) | Delawar | | --- | (State or Other Jurisdiction of Incorporation or Organization) Delaware 4931 87-1431377 (Primary Standard Industrial Classification Number) (I.R.S. Em ...

As filed with the U.S. Securities and Exchange Commission on July 19, 2024 Registration No. 333-276630 Alternus Clean Energy, Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware | | --- | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Delaware 4931 87-1431377 (I.R.S. Employer Identification ...

As filed with the U.S. Securities and Exchange Commission on July 19, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Alternus Clean Energy, Inc. (Exact Name of Registrant as Specified in Its Charter) | Delawar | | --- | (State or Other Jurisdiction of Incorporation or Organization) Delaware 4931 87-1431377 (Primary Standard Industrial Classification Number) (I.R.S. Employer Identification Number ...

As filed with the U.S. Securities and Exchange Commission on July 1, 2024 Registration No. 333-276630 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Delaware 4931 87-1431377 (I.R.S. Employer Identification Number) Classification Number) 360 Kingsley Park Drive, Suite 250 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Alternus Clean Energy, Inc. (Exact Name ...