Kenon (KEN) 20-F 26 Mar 24 2023 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2023 shares
Document Entity Information [Line Items]
Entity Registrant Name	KENON HOLDINGS LTD
Entity Central Index Key	0001611005
Document Type	20-F
Document Registration Statement	false
Document Period End Date	Dec. 31, 2023
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
ICFR Auditor Attestation Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	U0
Entity File Number	001-36761
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Fiscal Period Focus	FY
Entity Common Stock, Shares Outstanding	52,765,845
Document Fiscal Year Focus	2023
Entity Address, Address Line One	1 Temasek Avenue #37-02B
Entity Address, Country	SG
Entity Address, Postal Zip Code	039192
Title of 12(b) Security	Ordinary Shares, no par value
Trading Symbol	KEN
Security Exchange Name	NYSE
Document Accounting Standard	International Financial Reporting Standards
Entity Address, City or Town	Millenia Tower
Auditor Name	KPMG LLP
Auditor Location	Singapore
Auditor Firm ID	1051
Document Financial Statement Error Correction [Flag]	false
Business Contact [Member]
Document Entity Information [Line Items]
Entity Address, Address Line One	Skadden, Arps, Slate, Meagher and Flom (UK) LLP
Entity Address, Address Line Two	22 Bishopsgate
Entity Address, Country	GB
Entity Address, Postal Zip Code	EC2N 4BQ
City Area Code	44
Local Phone Number	20 7519 7000
Contact Personnel Name	James A. McDonald
Entity Address, City or Town	London

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 696,838	$ 535,171
Short-term deposits and restricted cash	532	45,990
Trade receivables	67,994	73,900
Short-term derivative instruments	3,177	2,918
Other investments	215,797	344,780
Other current assets	111,703	58,956
Total current assets	1,096,041	1,061,715
Non-current assets
Investment in ZIM (associated company)	0	427,059
Investment in OPC's associated companies	703,156	652,358
Long-term restricted cash	16,237	15,146
Long-term derivative instruments	14,178	16,077
Deferred taxes	15,862	6,382
Property, plant and equipment, net	1,714,825	1,222,421
Intangible assets, net	321,284	220,795
Long-term prepaid expenses and other non-current assets	52,342	23,323	[1]
Right-of-use assets, net	174,515	126,784	[1]
Total non-current assets	3,012,399	2,710,345
Total assets	4,108,440	3,772,060
Current liabilities
Current maturities of loans from banks and others	169,627	39,262
Trade and other payables	181,898	133,415
Short-term derivative instruments	2,311	889
Current tax liabilities	0	653
Deferred taxes	0	1,285
Current maturities of lease liabilities	4,963	17,474
Total current liabilities	358,799	192,978
Non-current liabilities
Long-term loans from banks and others	906,243	610,434
Debentures	454,163	513,375
Deferred taxes	136,590	97,800
Other non-current liabilities	109,882	41,388
Long-term derivative instruments	15,996	10
Long-term lease liabilities	56,543	20,157
Total non-current liabilities	1,679,417	1,283,164
Total liabilities	2,038,216	1,476,142
Equity
Share capital	50,134	50,134
Translation reserve	(3,658)	1,206
Capital reserve	69,792	42,553
Accumulated profit	1,087,041	1,504,592
Equity attributable to owners of the Company	1,203,309	1,598,485
Non-controlling interests	866,915	697,433
Total equity	2,070,224	2,295,918
Total liabilities and equity	$ 4,108,440	$ 3,772,060
[1]Reclassified

Consolidated Statements of Prof

Consolidated Statements of Profit & Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement Line Items [Line Items]
Revenue	$ 691,796	$ 573,957	$ 487,763
Cost of sales and services (excluding depreciation and amortization)	(494,312)	(417,261)	(336,298)
Depreciation and amortization	(78,025)	(56,853)	(53,116)
Gross profit	119,459	99,843	98,349
Selling, general and administrative expenses	(84,715)	(99,936)	(75,727)
Other income/(expense), net	7,819	2,918	(81)
Operating profit	42,563	2,825	22,541
Financing expenses	(66,333)	(50,397)	(144,295)
Financing income	39,361	44,686	2,934
Financing expenses, net	(26,972)	(5,711)	(141,361)
Losses related to Qoros	0	0	(251,483)
Losses related to ZIM	(860)	(727,650)	(204)
Share in (losses)/profit of associated companies, net	(200,480)	1,118,175	1,250,149
Profit before income taxes	(185,749)	387,639	879,642
Income tax expense	(25,199)	(37,980)	(4,325)
(Loss)/profit for the year	(210,948)	349,659	875,317
Attributable to:
Kenon’s shareholders	(235,978)	312,652	930,273
Non-controlling interests	25,030	37,007	(54,956)
(Loss)/profit for the year	$ (210,948)	$ 349,659	$ 875,317
Basic/diluted (loss)/profit per share attributable to Kenon’s shareholders (in dollars):
Basic (loss)/profit per share	$ (4.42)	$ 5.8	$ 17.27
diluted (loss)/profit per share	$ (4.42)	$ 5.8	$ 17.27
ZIM [Member]
Statement Line Items [Line Items]
Share in (losses)/profit of associated companies, net	$ (266,046)	$ 1,033,026	$ 1,260,993
OPC's associated companies
Statement Line Items [Line Items]
Share in (losses)/profit of associated companies, net	$ 65,566	$ 85,149	$ (10,844)

Consolidated Statements of Othe

Consolidated Statements of Other Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of comprehensive income [abstract]
(Loss)/Profit for the year	$ (210,948)	$ 349,659	$ 875,317
Items that are or will be subsequently reclassified to profit or loss
Foreign currency translation differences in respect of foreign operations	(10,068)	(40,694)	17,489
Group’s share in other comprehensive income of associated companies	(15,905)	13,611	12,360
Effective portion of change in the fair value of cash-flow hedges	(11,027)	14,774	8,772
Change in fair value of other investments at FVOCI	6,773	(2,100)	0
Change in fair value of derivative financial instruments used for hedging cash flows recorded to the cost of the hedged item	(1,433)	(1,043)	37,173
Change in fair value of derivatives financial instruments used to hedge cash flows transferred to the statement of profit & loss	(5,474)	(4,125)	(2,121)
Income taxes in respect of components of other comprehensive income	1,552	(2,658)	(423)
Total other comprehensive income for the year	(35,582)	(22,235)	73,250
Total comprehensive income for the year	(246,530)	327,424	948,567
Attributable to:
Kenon’s shareholders	(246,936)	290,985	969,862
Non-controlling interests	406	36,439	(21,295)
Total comprehensive income for the year	$ (246,530)	$ 327,424	$ 948,567

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Share Capital [Member]	Translation reserve [Member]	Capital reserve [Member]	Accumulated profit [Member]	Total Equity Attributable to Kenon shareholders [Member]	Non-controlling interests [Member]	Total
Balance at Dec. 31, 2020	$ 602,450	$ 15,896	$ (11,343)	$ 459,820	$ 1,066,823	$ 209,185	$ 1,276,008
Transactions with owners, recognised directly in equity contributions by and distributions to owners
Share-based payment transactions	0	0	7,371	0	7,371	1,187	8,558
Dividend declared and paid	0	0	0	(288,811)	(288,811)	(10,214)	(299,025)
Total contributions by and distributions to owners	0	0	7,371	(288,811)	(281,440)	(9,027)	(290,467)
Changes in ownership interests in subsidiaries
Dilution in investment in subsidiary	0	0	0	38,443	38,443	103,891	142,334
Non-controlling interests in respect of business combinations	0	0	0	0	0	6,769	6,769
Investments from holders of non-controlling interests in equity of subsidiary	0	0	0	0	0	197,075	197,075
Total changes in ownership interests in subsidiaries	0	0	0	38,443	38,443	307,735	346,178
Total comprehensive income for the year
Net profit for the year	0	0	0	930,273	930,273	(54,956)	875,317
Other comprehensive income for the year, net of tax	0	9,784	29,755	50	39,589	33,661	73,250
Total comprehensive income for the year	0	9,784	29,755	930,323	969,862	(21,295)	948,567
Balance at Dec. 31, 2021	602,450	25,680	25,783	1,139,775	1,793,688	486,598	2,280,286
Transactions with owners, recognised directly in equity contributions by and distributions to owners
Cash distribution to owners of the Company	(552,316)	0	0	0	(552,316)	0	(552,316)
Share-based payment transactions	0		8,502		8,502	2,104	10,606
Total contributions by and distributions to owners	(552,316)	0	8,502	0	(543,814)	2,104	(541,710)
Changes in ownership interests in subsidiaries
Dilution in investment in subsidiary	0	0	0	57,585	57,585	135,567	193,152
Acquisition of subsidiary with non-controlling interest	0	0	41	0	41	0	41
Investments from holders of non-controlling interests in equity of subsidiary	0	0	0	0	0	36,725	36,725
Total changes in ownership interests in subsidiaries	0	0	41	57,585	57,626	172,292	229,918
Total comprehensive income for the year
Net profit for the year	0	0	0	312,652	312,652	37,007	349,659
Other comprehensive income for the year, net of tax	0	(24,474)	8,227	(5,420)	(21,667)	(568)	(22,235)
Total comprehensive income for the year	0	(24,474)	8,227	307,232	290,985	36,439	327,424
Balance at Dec. 31, 2022	50,134	1,206	42,553	1,504,592	1,598,485	697,433	2,295,918
Transactions with owners, recognised directly in equity contributions by and distributions to owners
Share-based payment transactions	0	0	4,753	0	4,753	1,386	6,139
Dividend declared and paid	0	0	0	(150,365)	(150,365)	0	(150,365)
Own shares acquired	0	0	0	(28,130)	(28,130)	0	(28,130)
Total contributions by and distributions to owners	0	0	4,753	(178,495)	(173,742)	1,386	(172,356)
Changes in ownership interests in subsidiaries
Acquisition of shares of subsidiary from holders of rights not conferring control	0	0	25,502	0	25,502	103,812	129,314
Investments from holders of non-controlling interests in equity of subsidiary	0	0	0	0	0	63,878	63,878
Total changes in ownership interests in subsidiaries	0	0	25,502	0	25,502	167,690	193,192
Total comprehensive income for the year
Net profit for the year	0	0	0	(235,978)	(235,978)	25,030	(210,948)
Other comprehensive income for the year, net of tax	0	(4,864)	(3,016)	(3,078)	(10,958)	(24,624)	(35,582)
Total comprehensive income for the year	0	(4,864)	(3,016)	(239,056)	(246,936)	406	(246,530)
Balance at Dec. 31, 2023	$ 50,134	$ (3,658)	$ 69,792	$ 1,087,041	$ 1,203,309	$ 866,915	$ 2,070,224

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
(Loss)/Profit for the year	$ (210,948)	$ 349,659	$ 875,317
Adjustments:
Depreciation and amortization	90,939	62,876	57,640
Financing expenses, net	26,972	5,711	141,361
Share in losses/(profit) of associated companies, net	200,480	(1,118,175)	(1,250,149)
Losses related to Qoros	0	0	251,483
Losses related to ZIM	860	727,650	204
Share-based payments	(1,547)	18,855	18,369
Other expenses, net	4,461	0	0
Income taxes	25,199	37,980	4,325
Total adjustments	136,416	84,556	98,550
Change in trade and other receivables	(2,932)	(28,819)	(1,171)
Change in trade and other payables	(9,514)	(10,100)	(429)
Cash generated from operating activities	123,970	45,637	96,950
Dividends received from associated companies, net	154,672	727,309	143,964
Income taxes paid, net	(1,854)	(1,565)	(385)
Net cash provided by operating activities	276,788	771,381	240,529
Cash flows from investing activities
Short-term deposits and restricted cash, net	49,827	(46,266)	558,247
Short-term collaterals deposits, net	29,864	(19,180)	0
Investment in long-term deposits, net	154	12,750	51,692
Investments in associated companies, less cash acquired	(7,619)	(2,932)	(8,566)
Acquisition of subsidiary, less cash acquired	(327,108)	0	(659,169)
Acquisition of property, plant and equipment, intangible assets and payment of long-term advance deposits and prepaid expenses	(332,117)	(281,286)	(239,663)
Proceeds from sales of interest in ZIM	0	463,549	67,087
Proceeds from distribution from associated companies	3,000	4,444	46,729
Proceeds from sale of subsidiary, net of cash disposed off	2,000	0	0
Proceeds from sale of other investments	193,698	308,829	0
Purchase of other investments	(50,000)	(650,777)	0
Long-term loan to an associate	(23,950)	0	(5,000)
Reimbursement in respect of right-of-use asset	0	0	4,823
Interest received	27,968	6,082	269
Proceeds from/(payment of) transactions in derivatives, net	2,047	1,349	(5,635)
Payment of financial guarantee	0	0	(16,265)
Net cash used in investing activities	(432,236)	(203,438)	(205,451)
Cash flows from financing activities
Repayment of long-term loans, debentures and lease liabilities	(167,769)	(55,762)	(562,016)
Short-term credit from banks and others, net	62,187	0	0
Proceeds from Veridis transaction	129,181	0	0
Proceeds from issuance of share capital by a subsidiary to non-controlling interests, net of issuance expenses	0	193,148	142,334
Investments from holders of non-controlling interests in equity of subsidiary	63,878	36,725	197,076
Tax Equity Investment	82,405	0	0
Receipt of long-term loans	391,447	102,331	343,126
Proceeds from/(payment of) derivative financial instruments, net	2,385	(923)	(13,933)
Repurchase of own shares	(28,130)	0	0
Costs paid in advance in respect of taking out of loans	(19,508)	(2,845)	(4,991)
Cash distribution and dividends paid	(150,362)	(740,922)	(100,209)
Dividends paid to holders of non-controlling interests	0	0	(10,214)
Payment of early redemption commission with respect to the debentures	0	0	(75,820)
Proceeds from issuance of debentures, less issuance expenses	0	0	262,750
Interest paid	(41,135)	(25,428)	(31,523)
Net cash provided by/(used in) financing activities	324,579	(493,676)	146,580
Increase in cash and cash equivalents	169,131	74,267	181,658
Cash and cash equivalents at beginning of the year	535,171	474,544	286,184
Effect of exchange rate fluctuations on balances of cash and cash equivalents	(7,464)	(13,640)	6,702
Cash and cash equivalents at end of the year	$ 696,838	$ 535,171	$ 474,544

Financial Reporting Principles

Financial Reporting Principles and Accounting Policies	12 Months Ended
	Dec. 31, 2023
Disclosure of financial reporting principles and accounting policies [Abstract]
Financial Reporting Principles and Accounting Policies	Note 1 – Financial Reporting Principles and Accounting Policies A. The Reporting Entity Kenon Holdings Ltd. (the “Company” or “Kenon”) was incorporated on March 7, 2014 in the Republic of Singapore under the Singapore Companies Act. Our principal place of business is located at 1 Temasek Avenue #37-02B, Millenia Tower, Singapore 039192. The Company is a holding company and was incorporated to receive investments spun-off from their former parent company, Israel Corporation Ltd. (“IC”). The Company serves as the holding company of several businesses (together referred to as the “Group”). Kenon shares are traded on New York Stock Exchange (“NYSE”) and on Tel Aviv Stock Exchange (“TASE”) (NYSE and TASE: KEN). B. Definitions In these consolidated financial statements - 1. Subsidiaries 2. Associates 3. Investee companies 4. Related parties

Basis of Preparation of the Fin

Basis of Preparation of the Financial Statements	12 Months Ended
	Dec. 31, 2023
Disclosure of basis of preparation of the financial statements [Abstract]
Basis of Preparation of the Financial Statements	Note 2 – Basis of Preparation of the Financial Statements A. Declaration of compliance with International Financial Reporting Standards The consolidated financial statements were prepared by management of the Group in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements were approved for issuance by the Company’s Board of Directors on March 26, 2024. B. Functional and presentation currency These consolidated financial statements are presented in US dollars (“$”), which is Kenon’s functional currency, and have been rounded to the nearest thousands, except where otherwise indicated. The US dollar is the currency that represents the principal economic environment in which Kenon operates. C. Basis of measurement The consolidated financial statements were prepared on the historical cost basis, with the exception of the following assets and liabilities: • Deferred tax assets and liabilities • Derivative instruments • Assets and liabilities in respect of employee benefits • Investments in associated companies • Long-term investment (Qoros) For additional information regarding measurement of these assets and liabilities – see Note 3 Material Accounting Policies. D. Use of estimates and judgment The preparation of consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. 1. Allocation of acquisition costs The Group makes estimates with respect to allocation of excess consideration to tangible and intangible assets and to liabilities. The Group has considered the report from a qualified external valuer to establish the appropriate valuation techniques and inputs for this assessment. The valuation technique used for measuring the fair values of the material assets: property, plant and equipment, investment in associated companies, and intangible assets is the income approach, a present value technique to convert future amounts to a single current amount using relevant discount rates. The respective discount rates are estimates and require judgment and minor changes to the discount rates could have had a significant effect on the Group’s evaluation of the transaction completion date fair values of the material assets. Refer to Note 11.A.1.1, Note 11.A.5 and Note 11.A.6 for further details. In addition, in determining the depreciation rates of the tangible, intangible assets and liabilities, the Group estimates the expected life of the asset or liability. 2. Long-term investment (Qoros) Following the sale of half of the Group’s remaining interest in Qoros (i.e. 12%) as described in Note 10.3, as of December 31, 2020, the Group owned a 12% interest in Qoros. The long-term investment (Qoros) was a combination of the Group’s remaining 12% interest in Qoros and the non-current portion of the put option (as described in Note 10.2). The long-term investment (Qoros) was determined using a combination of market comparison technique based on market multiples derived from the quoted prices of comparable companies adjusted for various considerations, and the binomial model. Fair value measurement of the long-term investment (Qoros) took into account the underlying asset’s price volatility. In April 2021, Quantum entered into an agreement to sell its remaining 12% equity interest in Qoros. As a result, Kenon accounted for the fair value of the long-term investment (Qoros) based on the present value of the expected cash flows. Refer to Note 10.5 for further details. 3. Recoverable amount of cash-generating unit that includes goodwill The calculation of the recoverable amount of cash-generating units to which goodwill balances are allocated is based, among other things, on the projected expected cash flows and discount rate. For further information, see Note 13.C and Note 13.D. 4. Recoverable amount of cash-generating unit of investment in equity-accounted companies (ZIM) The carrying amounts of investments in equity-accounted companies are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the recoverable amount of the investments is estimated. For further information, see Note 9.B.a.5. E. Israel Hamas War (“the War”) On October 7, 2023, the War broke out in Israel. The War has led to consequences and restrictions that have affected the Israeli economy, which include, among other things, a decline in business activity, extensive recruitment of reservists, restrictions on gatherings in workplaces and public spaces, restrictions on the activity of the education system, which also includes a uncertainty as to the War’s impact on macroeconomic factors in Israel and on the financial position of the State of Israel, including potential adverse effects on the credit rating of the State of Israel and Israeli financial institutions. There is a significant uncertainty as to the development of the War, its scope and duration. There is also significant uncertainty as to the impact of the War on macroeconomic and financial factors in Israel, including the situation in the Israeli capital market. Therefore, at this stage, it is not possible to assess the effect that the War will have on OPC, nor is it possible to assess the magnitude of the War’s effect on OPC and its results of operations, if any, in the short and medium term.

Material Accounting Policies

Material Accounting Policies	12 Months Ended
	Dec. 31, 2023
Disclosure of significant accounting policies [Abstract]
Material Accounting Policies	Note 3 - Material Accounting Policies The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. The Group has consistently applied the following accounting policies to all periods presented in these consolidated financial statements, unless otherwise stated. A. First-time application of new accounting standards, amendments and interpretations The Group has adopted a few new standards which are effective from January 1, 2023, including those listed below. These new standards and amendments do not have a material effect on the Group’s consolidated financial statements. Amendments to IAS 1 and IFRS Practice Statement 2 The amendments require the disclosure of ‘material’, rather than ‘significant’, accounting policies. The amendments also provide guidance on the application of materiality to disclosure of accounting policies, assisting entities to provide useful, entity-specific accounting policy information that users need to understand other information in the financial statements. The Group has reviewed the accounting policies and made updates to the information disclosed below to be in line with the amendments. B. Basis for consolidation/combination (1) Business combinations The Group accounts for all business combinations according to the acquisition method when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs. The Group has an option to apply a ‘concentration test’ that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. The acquisition date is the date on which the Group obtains control over an acquiree. Control exists when the Group is exposed, or has rights, to variable returns from its involvement with the acquiree and it has the ability to affect those returns through its power over the acquiree. Substantive rights held by the Group and others are taken into account when assessing control. The Group recognizes goodwill on acquisition according to the fair value of the consideration transferred less the net amount of the fair value of identifiable assets acquired less the fair value of liabilities assumed. Goodwill is initially recognized as an asset based on its cost, and is measured in succeeding periods based on its cost less accrued losses from impairment of value. For purposes of examining impairment of value, goodwill is allocated to each of the Group’s cash‑generating units that is expected to benefit from the synergy of the business combination. Cash‑generating units to which goodwill was allocated are examined for purposes of assessment of impairment of their value every year or more frequently where there are signs indicating a possible impairment of value of the unit, as stated. Where the recoverable amount of a cash‑generating unit is less than the carrying value in the books of that cash‑generating unit, the loss from impairment of value is allocated first to reduction of the carrying value in the books of any goodwill attributed to that cash‑generating unit. Thereafter, the balance of the loss from impairment of value, if any, is allocated to other assets of the cash‑generating unit, in proportion to their carrying values in the books. A loss from impairment of value of goodwill is not reversed in subsequent periods. If the Group pays a bargain price for the acquisition (meaning including negative goodwill), it recognizes the resulting gain in profit or loss on the acquisition date. The Group recognizes contingent consideration at fair value at the acquisition date. The contingent consideration that meets the definition of a financial instrument that is not classified as equity will be measured at fair value through profit or loss; contingent consideration classified as equity shall not be remeasured and its subsequent settlement shall be accounted for within equity. Furthermore, goodwill is not adjusted in respect of the utilization of carry-forward tax losses that existed on the date of the business combination. Costs associated with acquisitions that were incurred by the acquirer in the business combination such as: finder’s fees, advisory, legal, valuation and other professional or consulting fees are expensed in the period the services are received. (2) Subsidiaries Subsidiaries are entities controlled by the Company. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date when control ceased. The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Company. (3) Non-Controlling Interest (“NCI”) NCI comprises the equity of a subsidiary that cannot be attributed, directly or indirectly, to the parent company, and they include additional components such as: share-based payments that will be settled with equity instruments of the subsidiaries and options for shares of subsidiaries. NCIs are measured at their proportionate share of the acquiree’s identifiable net assets at the acquisition date. Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. Measurement of non-controlling interests on the date of the business combination Non-controlling interests, which are instruments that convey a present ownership right and that grant to their holder a share in the net assets in a case of liquidation, are measured on the date of the business combination at fair value or based on their relative share in the identified assets and liabilities of the entity acquired, on the basis of every transaction separately. Transactions with NCI, while retaining control Transactions with NCI while retaining control are accounted for as equity transactions. Any difference between the consideration paid or received and the change in NCI is included directly in equity. Allocation of comprehensive income to the shareholders Profit or loss and any part of other comprehensive income are allocated to the owners of the Group and the NCI. Total comprehensive income is allocated to the owners of the Group and the NCI even if the result is a negative balance of NCI. Furthermore, when the holding interest in the subsidiary changes, while retaining control, the Group re-attributes the accumulated amounts that were recognized in other comprehensive income to the owners of the Group and the NCI. Cash flows deriving from transactions with holders of NCI while retaining control are classified under “financing activities” in the statement of cash flows. (4) Investments in equity-accounted investees Associates are entities in which the Group has the ability to exercise significant influence, but not control, over the financial and operating policies. In assessing significant influence, potential voting rights that are currently exercisable or convertible into shares of the investee are taken into account. Joint-ventures are arrangements in which the Group has joint control, whereby the Group has the rights to assets of the arrangement, rather than rights to its assets and obligations for its liabilities. Associates and joint-venture are accounted for using the equity method (equity accounted investees) and are recognized initially at cost. The cost of the investment includes transaction costs. The consolidated financial statements include the Group’s share of the income and expenses in profit or loss and of other comprehensive income of equity accounted investees, after adjustments to align the accounting policies with those of the Group, from the date that significant influence commences until the date that significant influence ceases. The Group’s share of post-acquisition profit or loss is recognized in the income statement, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income with a corresponding adjustment to the carrying amount of the investment. When the Group’s share of losses exceeds its interest in an equity accounted investee, the carrying amount of that interest, including any long-term interests that form part thereof, is reduced to zero. When the Group’s share of long-term interests that form a part of the investment in the investee is different from its share in the investee’s equity, the Group continues to recognize its share of the investee’s losses, after the equity investment was reduced to zero, according to its economic interest in the long-term interests, after the equity interests were reduced to zero. When the group’s share of losses in an associate equals or exceeds its interest in the associate, including any long-term interests that, in substance, form part of the entity’s net investment in the associate, the recognition of further losses is discontinued except to the extent that the Group has an obligation to support the investee or has made payments on behalf of the investee. C. Financial Instruments a) Classification and measurement of financial assets and financial liabilities Initial recognition and measurement The Group initially recognizes trade receivables and other investments on the date that they are originated. All other financial assets and financial liabilities are initially recognized on the date on which the Group becomes a party to the contractual provisions of the instrument. As a rule, a financial asset, other than a trade receivable without a significant financing component, or a financial liability, is initially measured at fair value with the addition, for a financial asset or a financial liability that are not presented at fair value through profit or loss, of transaction costs that can be directly attributed to the acquisition or the issuance of the financial asset or the financial liability. Trade receivables that do not contain a significant financing component are initially measured at the transaction price. Trade receivables originating in contract assets are initially measured at the carrying amount of the contract assets on the date of reclassification from contract assets to receivables. Financial assets - classification and subsequent measurement On initial recognition, financial assets are classified as measured at amortized cost; fair value through other comprehensive income (“FVOCI”); or fair value through profit or loss (“FVTPL”). Financial assets are not reclassified in subsequent periods, unless, and only to the extent that the Group changes its business model for the management of financial assets, in which case the affected financial assets are reclassified at the beginning of the reporting period following the change in the business model. A financial asset is measured at amortized cost if it meets the two following cumulative conditions and is not designated for measurement at FVTPL: - The objective of the entity’s business model is to hold the financial asset to collect the contractual cash flows; and - The contractual terms of the financial asset create entitlement on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: - It is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and - Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Group has balances of trade and other receivables and deposits that are held under a business model the objective of which is collection of the contractual cash flows. The contractual cash flows in respect of such financial assets comprise solely payments of principal and interest that reflects consideration for the time-value of the money and the credit risk. Accordingly, such financial assets are measured at amortized cost. b) Subsequent measurement In subsequent periods, financial assets at amortized cost are measured at amortized cost, using the effective interest method and net of impairment losses. Interest income, currency exchange gains or losses and impairment are recognized in profit or loss. Any gains or losses on derecognition are also recognized in profit or loss. Debt investments measured at FVOCI are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. In subsequent periods, these assets are measured at fair value. Net gains and losses are recognized in profit or loss. Financial assets: Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. The information considered includes: • the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of any related liabilities or expected cash outflows or realising cash flows through the sale of the assets; • how the performance of the portfolio is evaluated and reported to the Group’s management; • the risks that affect the performance of the business model (and the financial assets held within that business model) and how those risks are managed; • how managers of the business are compensated - e.g. whether compensation is based on the fair value of the assets managed or the contractual cash flows collected; and • the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations about future sales activity. Non-derivative financial assets: Assessment whether contractual cash flows are solely payments of principal and interest For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin. In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Group considers: • contingent events that would change the amount or timing of cash flows; • terms that may adjust the contractual coupon rate, including variable rate features; • prepayment and extension features; and • terms that limit the Group’s claim to cash flows from specified assets (e.g. non-recourse features). A prepayment feature is consistent with the solely payments of principal and interest criterion if the prepayment amount substantially represents unpaid amounts of principal and interest on the principal amount outstanding, which may include reasonable additional compensation for early termination of the contract. Additionally, for a financial asset acquired at a significant discount or premium to its contractual par amount, a feature that permits or requires prepayment at an amount that substantially represents the contractual par amount plus accrued (but unpaid) contractual interest (which may also include reasonable additional compensation for early termination) is treated as consistent with this criterion if the fair value of the prepayment feature is insignificant at initial recognition. Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognized in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognized. Financial liabilities - Initial classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortized cost or at FVTPL. Financial liabilities are classified as measured at FVTPL if it is held for trading or it is designated as such on initial recognition, and are measured at fair value, and any net gains and losses, including any interest expenses, are recognized in profit or loss. Other financial liabilities are initially measured at fair value less directly attributable transaction costs. They are measured at amortized cost in subsequent periods, using the effective interest method. Interest expenses and currency exchange gains and losses are recognized in profit or loss. Any gains or losses on derecognition are also recognized in profit or loss. Derecognition of financial liabilities Financial liabilities are derecognized when the contractual obligation of the Group expires or when it is discharged or canceled. Additionally, a significant amendment of the terms of an existing financial liability, or an exchange of debt instruments having substantially different terms, between an existing borrower and lender, are accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability at fair value. The difference between the carrying amount of the extinguished financial liability and the consideration paid (including any other non-cash assets transferred or liabilities assumed), is recognized in profit or loss. Offset Financial assets and financial liabilities are offset and the net amount presented in the consolidated statement of financial position when, and only when, the Group currently has a legally enforceable right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously. c) Impairment Financial assets, contract assets and receivables on a lease The Group creates a provision for expected credit losses in respect of: - Contract assets (as defined in IFRS 15); - Financial assets measured at amortized cost; - Financial guarantees; - Debt investments; - Lease receivables. Simplified approach The Group applies the simplified approach to provide for expected credit losses (“ECLs”) for all trade receivables (including lease receivables) and contract assets. The simplified approach requires the loss allowance to be measured at an amount equal to lifetime ECLs. General approach The Group applies the general approach to provide for ECLs on all other financial instruments and financial guarantees. Under the general approach, the loss allowance is measured at an amount equal to the 12-month ECLs at initial recognition. At each reporting date, the Group assess whether the credit risk of a financial instrument has increased significantly since initial recognition. When credit risk has increased significantly since initial recognition, loss allowance is measured at an amount equal to lifetime ECLs. In assessing whether the credit risk of a financial asset has significantly increased since initial recognition and in assessing expected credit losses, the Group takes into consideration information that is reasonable and verifiable, relevant and attainable at no excessive cost or effort. Such information comprises quantitative and qualitative information, as well as an analysis, based on the past experience of the Group and the reported credit assessment, and contains forward-looking information. If credit risk has not increased significantly since initial recognition or if the credit quality of the financial instruments improves such that there is no longer a significant increase in credit risk since initial recognition, loss allowance is measured at an amount equal to 12-month ECLs. The Group assumes that the credit risk of a financial asset has increased significantly since initial recognition whenever contractual payments are more than 30 days in arrears. The Group considers a financial asset to be in default if: - It is not probable that the borrower will fully meet its payment obligations to the Company, and the Company has no right to perform actions such as the realization of collaterals (if any); or - The contractual payments in respect of the financial asset are more than 90 days in arrears. The Group considers a contract asset to be in default when the customer is unlikely to pay its contractual obligations to the Group in full, without recourse by the Group to actions such as realizing security. The Group considers a debt instrument as having a low credit risk if its credit risk coincides with the global structured definition of “investment rating”. The ECLs expected over the life of the instrument are ECLs arising from all potential default events throughout the life of the financial instrument. ECLs in a 12-month period are the portion of the ECLs arising from potential default events during the period of 12 months from the reporting date. The maximum period that is taken into account in assessing the ECLs is the maximum contractual period over which the Group is exposed to credit risk. Measurement of ECLs ECLs represent a probability-weighted estimate of credit losses. Credit losses are measured at the present value of the difference between the cash flows to which the Group is entitled under the contract and the cash flows that the Group expects to receive. Expected credit losses are discounted at the effective interest rate of the financial asset. The Group’s credit risk exposure for trade receivables and contract asset are set out in Note 28 Financial Instruments. Financial assets impaired by credit risk At each reporting date, the Group assesses whether financial assets that are measured at amortized cost and debt instruments that are measured at FVOCI have become impaired by credit risk. A financial asset is impaired by credit risk upon the occurrence of one or more of the events (i.e. significant financial difficulty of the debtor) that adversely affect the future cash flows estimated for such financial asset. Presentation of impairment and allowance for ECLs in the statement of financial position A provision for ECLs in respect of a financial asset that is measured at amortized cost is presented as a reduction of the gross carrying amount of the financial asset. For debt investments at FVOCI, loss allowances are charged to profit or loss and recognized in OCI. Loss allowances are presented under financing expenses. Impairment losses in respect of trade and other receivables, including contract assets and lease receivables, are presented separately in the statements of profit or loss and other comprehensive income. Impairment losses in respect of other financial assets are presented under financing expenses. Derivative financial instruments, including hedge accounting The Group holds derivative financial instruments. Derivatives are recognized initially at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are generally recognized in profit or loss. The Group designates certain derivative financial instruments as hedging instruments in qualifying hedging relationships. At inception of designated hedging relationships, the Group documents the risk management objective and strategy for undertaking the hedge. The Group also documents the economic relationship between the hedged item and the hedging instrument, including whether the changes in cash flows of the hedged item and hedging instrument are expected to offset each other. Hedge accounting As of December 31, 2023 and 2022, hedge relationships designated for hedge accounting under IAS 39 qualify for hedge accounting under IFRS 9, and are therefore deemed as continuing hedge relationships. Hedges directly affected by interest rate benchmark reform Phase 1 amendments: Prior to interest rate benchmark reform - when there is uncertainty arising from Interest rate benchmark reform For the purpose of evaluating whether there is an economic relationship between the hedged item(s) and the hedging instrument(s), the Group assumes that the benchmark interest rate is not altered as a result of interest rate benchmark reform. For a cash flow hedge of a forecast transaction, the Group assumes that the benchmark interest rate will not be altered as a result of interest rate benchmark reform for the purpose of assessing whether the forecast transaction is highly probable and presents an exposure to variations in cash flows that could ultimately affect profit or loss. In determining whether a previously designated forecast transaction in a discontinued cash flow hedge is still expected to occur, the Group assumes that the interest rate benchmark cash flows designated as a hedge will not be altered as a result of interest rate benchmark reform. The Group will cease to apply the specific policy for assessing the economic relationship between the hedged item and the hedging instrument (i) to a hedged item or hedging instrument when the uncertainty arising from interest rate benchmark reform is no longer present with respect to the timing and the amount of the contractual cash flows of the respective item or instrument or (ii) when the hedging relationship is discontinued. For its highly probable assessment of the hedged item, the Group will no longer apply the specific policy when the uncertainty arising from interest rate benchmark reform about the timing and the amount of the interest rate benchmark-based future cash flows of the hedged item is no longer present, or when the hedging relationship is discontinued. Phase 2 amendments: Replacement of benchmark interest rates - when there is no longer uncertainty arising from interest rate benchmark reform When the basis for determining the contractual cash flows of the hedged item or the hedging instrument changes as a result of interest rate benchmark reform and therefore there is no longer uncertainty arising about the cash flows of the hedged item or the hedging instrument, the Group amends the hedge documentation of that hedging relationship to reflect the change(s) required by interest rate benchmark reform. A change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if the following conditions are met: - the change is necessary as a direct consequence of the reform; and - the new basis for determining the contractual cash flows is economically equivalent to the previous basis - i.e. the basis immediately before the change. For this purpose, the hedge designation is amended only to make one or more of the following changes: - designating an alternative benchmark rate as the hedged risk; - updating the description of hedged item, including the description of the designated portion of the cash flows or fair value being hedged; or - updating the description of the hedging instrument. The Group amends the description of the hedging instrument only if the following conditions are met: - it makes a change required by interest rate benchmark reform by using an approach other than changing the basis for determining the contractual cash flows of the hedging instrument; - it chosen approach is economically equivalent to changing the basis for determining the contractual cash flows of the original hedging instrument; and - the original hedging instrument is not derecognized The Group also amends the formal hedge documentation by the end of the reporting period during which a change required by interest rate benchmark reform is made to the hedged risk, hedged item or hedging instrument. These amendments in the formal hedge documentation do not constitute the discontinuation of the hedging relationship or the designation of a new hedging relationship. If changes are made in addition to those changes required by interest rate benchmark reform described above, then the Group first considers whether those additional changes result in the discontinuation of the hedge accounting relationship. If the additional changes do not result in discontinuation of the hedge accounting relationship, then the Group amends the formal hedge documentation for changes required by interest rate benchmark reform as mentioned above. When the interest rate benchmark on which the hedged future cash flows had been based is changed as required by interest rate benchmark reform, for the purpose of determining whether the hedged future cash flows are expected to occur, the Group deems that the hedging reserve recognized in OCI for that hedging relationship is based on the alternative benchmark rate on which the hedged future cash flows will be based. Cash flow hedges The Group designates certain derivatives as hedging instruments to hedge the variability in cash flows associated with highly probable forecast transactions arising from changes in foreign exchange rates and interest rates. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in OCI and accumulated in the hedging reserve. The effective portion of changes in the fair value of the derivative that is recognized in OCI is limited to the cumulative change in fair value of the hedged item, determined on a present value basis, from inception of the hedge. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in profit or loss. The Group designates only the change in fair value of the spot element of forward exchange contracts as the hedging instrument in cash flow hedging relationships. The change in fair value of the forward element of forward exchange contracts (‘forward points’) is separately accounted for as a cost of hedging and recognized in a cost of hedging reserve within equity. When the hedged forecast transaction subsequently results in the recognition of a non-financial item such as inventory, the amount accumulated in the hedging reserve and the cost of hedging reserve is included directly in the initial cost of the non-financial item when it is recognized. For all other hedged forecast transactions, the amount accumulated in the hedging reserve and the cost of hedging reserve is reclassified to profit or loss in the same period or periods during which the hedged expected future cash flows affect profit or loss. If the hedge no longer meets the criteria for hedge accounting or the hedging instrument is sold, expires, is terminated or is exercised, then hedge accounting is discontinued prospectively. When hedge accounting for cash flow hedges is discontinued, the amount that has been accumulated in the hedging reserve and the cost of hedging reserve remains in equity until, for a hedge of a transaction resulting in recognition of a non-financial item, it is included in the non-financial item’s c

Determination of Fair Value

Determination of Fair Value	12 Months Ended
	Dec. 31, 2023
Disclosure of determination of fair value [Abstract]
Determination of Fair Value	Note 4 – Determination of Fair Value A. Derivatives and Long-term investment (Qoros) See Note 28 Financial Instruments. B. Non-derivative financial liabilities Non-derivative financial liabilities are measured at their respective fair values, at initial recognition and for disclosure purposes, at each reporting date. Fair value for disclosure purposes, is determined based on the quoted trading price in the market for traded debentures, whereas for non-traded loans, debentures and other financial liabilities is determined by discounting the future cash flows in respect of the principal and interest component using the market interest rate as of the date of the report. C. Fair value of equity-accounted investments (ZIM) The fair value of equity-accounted investments may be accounted for based on: 1. the investment as a whole; or 2. each individual share making up the investment. In determining the fair value of equity-accounted investments, the Group has elected to account for as an individual share making up the investment and that no premium is added to the fair value of equity-accounted investments.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Cash and Cash Equivalents	Note 5 – Cash and Cash Equivalents As at December 31, 2023 2022 $ Thousands Cash and cash equivalents in banks 537,478 361,580 Time deposits 159,360 173,591 696,838 535,171 The Group held cash and cash equivalents which are of investment grade based on Standard and Poor’s Ratings.

Short-Term Deposits and Restric

Short-Term Deposits and Restricted Cash	12 Months Ended
	Dec. 31, 2023
Short-Term Deposits and Restricted Cash [Abstract]
Short Term Deposits And Restricted Cash	Note 6 – Short-Term Deposits and Restricted Cash As at December 31, 2023 2022 $ Thousands Short-term deposits with bank and others - 35,662 Short-term restricted cash 532 10,328 532 45,990 The Group held short-term deposits and restricted cash which are of investment grade based on Standard and Poor’s Ratings.

Other Investments

Other Investments	12 Months Ended
	Dec. 31, 2023
Disclosure Of Other Investments [Abstract]
Other Investments	Note 7 – Other Investments As at December 31, 2023 2022 $ Thousands Debt investments - at FVOCI 215,797 344,780 The Group held debt investments at FVOCI which are of investment grade based on Standard and Poor’s Ratings and have stated interest rates of 0.25% to 7.625% (2022: 0.26% to 5.94%) with an average maturity of 2 years (2022: 2 years). These debt investments are expected to be realized within the next 12 months. Information about the Group’s exposure to credit and market risks, and fair value measurement, is included in Note 28 Financial Instruments.

Other Current Assets

Other Current Assets	12 Months Ended
	Dec. 31, 2023
Disclosure of other current assets [Abstract]
Other Current Assets	Note 8 – Other Current Assets As at December 31, 2023 2022 $ Thousands Advances to suppliers - 1,219 Prepaid expenses 12,909 10,004 Input tax receivable 8,291 4,660 Grant receivable (1) 74,522 - Deposits in connection with projects under construction (2) 3,755 35,475 Others 12,226 7,598 111,703 58,956 (1) See Note 18.A.4.d for more information. (2) Collateral provided to secure a hedging agreement in CPV Valley amounting to $20 million and collaterals provided in connection with renewable energy projects under development in the United States amounting to $15 million in 2022 were released during the year.

Investment in Associated Compan

Investment in Associated Companies	12 Months Ended
	Dec. 31, 2023
Disclosure of associates [abstract]
Investment in Associated Companies	Note 9 – Investment in Associated Companies A. Condensed information regarding significant associated companies 1. Condensed CPV CPV CPV CPV CPV CPV ZIM Fairview Maryland Shore Towantic Valley Three Rivers As at December 31, 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 $ Thousands Principal place of business International US US US US US US Proportion of ownership interest 21% 21% 25% 25% 25% 25% 37.5% 37.5% 26% 26% 50% 50% 10% 10% Current assets 2,571,400 4,271,600 44,500 98,942 46,586 73,985 54,014 92,808 74,591 86,698 48,015 59,191 52,425 32,626 Non-current assets 5,774,600 7,353,700 911,763 938,869 650,720 654,720 935,750 983,576 880,572 936,268 673,339 678,540 1,393,984 1,338,392 Current liabilities (2,518,100 ) (2,662,200 ) (64,909 ) (166,468 ) (64,155 ) (73,883 ) (64,360 ) (53,619 ) (201,226 ) (133,746 ) (105,317 ) (542,176 ) (120,546 ) (47,939 ) Non-current liabilities (3,369,900 ) (3,067,200 ) (344,274 ) (400,309 ) (314,069 ) (320,518 ) (645,995 ) (649,860 ) (222,946 ) (490,610 ) (371,771 ) (6,450 ) (711,571 ) (820,943 ) Total net assets 2,458,000 5,895,900 547,080 471,034 319,082 334,304 279,409 372,905 530,991 398,610 244,266 189,105 614,292 502,136 Group’s share of net assets 507,019 1,217,797 136,770 117,759 79,771 83,576 104,862 139,951 138,058 103,639 122,133 94,553 62,370 60,609 Adjustments: Excess cost 150,884 138,071 79,018 80,414 (13,943 ) (14,396 ) (48,999 ) (52,777 ) 26,561 26,615 (503 ) (806 ) 8,368 8,379 Total impairment loss (928,809 ) (928,809 ) - - - - - - - - - - - - Unrecognised losses* 270,906 - - - - - - - - - - - - - Book value of investment - 427,059 215,788 198,173 65,828 69,180 55,863 87,174 164,619 130,254 121,630 93,747 70,738 68,988 Investments in associated companies - 427,059 215,788 198,173 65,828 69,180 55,863 87,174 164,619 130,254 121,630 93,747 70,738 68,988 As of December 31, 2023, the Group also has interests in a number of individually immaterial associates. * As of December 31, 2023, additional share of losses of $271 million were unrecognized as the carrying amount of ZIM has been reduced to zero. 2. Condensed financia l information CPV CPV CPV CPV CPV CPV ZIM** Fairview Maryland Shore Towantic Valley Three Rivers For the year ended December 31, 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 $ Thousands Revenue 5,162,200 12,561,600 10,728,698 273,763 373,967 199,030 238,800 243,710 170,292 134,805 261,386 189,985 395,779 494,665 258,292 239,165 405,548 139,473 145,380 (2,722 ) 174 Loss/income* (2,695,600 ) 4,619,400 4,640,305 106,110 98,907 9,666 23,956 33,249 5,420 (74,767 ) 6,853 16,247 163,651 47,436 18,520 32,527 69,138 (58,793 ) 603 (7,934 ) (9,281 ) Other comprehensive income * 12,300 (41,200 ) (3,462 ) (17,066 ) 15,730 11,192 (25,678 ) 6,419 10,983 (18,728 ) 16,301 7,779 (31,270 ) 22,616 11,140 22,637 1,178 3,710 (12,310 ) 53,814 19,361 Total comprehensive income (2,683,300 ) 4,578,200 4,636,843 89,044 114,637 20,858 (1,722 ) 39,668 16,403 (93,495 ) 23,154 24,026 132,381 70,052 29,660 55,164 70,316 (55,083 ) (11,707 ) 45,880 10,080 Kenon’s share of comprehensive income (279,236 ) 1,023,567 1,258,913 22,261 28,659 5,214 (431 ) 9,917 4,101 (35,089 ) 8,690 9,017 34,419 18,214 7,711 27,582 35,158 (27,542 ) (1,171 ) 4,588 1,008 Adjustments 13,190 558 1,116 (1,928 ) (1,267 ) (1,249 ) 453 458 2,354 3,777 3,554 3,644 (54 ) (184 ) 50 301 413 681 (11 ) - - Kenon’s share of comprehensive income presented in the books (266,046 ) 1,024,125 1,260,029 20,333 27,392 3,965 22 10,375 6,455 (31,312 ) 12,244 12,661 34,365 18,030 7,761 27,883 35,571 (26,861 ) (1,182 ) 4,588 1,008 * Excludes portion attributable to non-controlling interest. ** As of December 31, 2023, additional share of losses of $271 million were unrecognized as the carrying amount of ZIM has been reduced to zero. B. Additional information a. ZIM 1. Financial position As of December 31, 2023, ZIM’s total equity amounted to $2.5 billion (2022: $5.9 billion) and its working capital amounted to $53 million (2022: $1.6 billion). During the year ended December 31, 2023, ZIM recorded operating loss of $2.5 billion (2022: operating profit of $6.1 billion; 2021: operating profit of $5.8 billion) and net loss of $2.7 billion (2022: net profit of $4.6 billion; 2021: net profit of $4.6 billion). For the year ended December 31 2023 2022 2021 Note $ Thousands $ Thousands $ Thousands Gain on dilution from ZIM IPO 9.B.a.2 - - 9,724 Loss on dilution from ZIM options exercised 9.B.a.3 (860 ) (3,475 ) (39,438 ) Gain on sale of ZIM shares 9.B.a.4 - 204,634 29,510 (Impairment)/write back of ZIM investment 9.B.a.5 - (928,809 ) - (860 ) (727,650 ) (204 ) 2. Initial public offering In February 2021, ZIM completed its initial public offering (“IPO”) of 15,000,000 ordinary shares (including shares issued upon the exercise of the underwriters’ option), for gross consideration of $225 million (before deducting underwriting discounts and commissions or other offering expenses). ZIM’s ordinary shares began trading on the NYSE on January 28, 2021. Prior to the IPO, ZIM obtained waivers from its notes holders, subject to the completion of ZIM’s IPO, by which certain requirements and limitations in respect of repurchase of debt, incurrences of debt, vessel financing, reporting requirements and dividend distributions, were relieved or removed. As a result of the IPO, Kenon’s interest in ZIM was diluted from 32% to 28%. Following the IPO, Kenon recognized a gain on dilution of $10 million in its consolidated financial statements in 2021. 3. Exercise of ZIM options In 2023, ZIM issued approximately 137 thousand (2022: 407 thousand; 2021: 5.2 million) shares as a result of options being exercised. As a result of the issuance, Kenon recognized a loss on dilution of approximately $1 million (2022: $3 million, 2021: $39 million) in its consolidated financial statements. 4. Sales of ZIM shares Between September and November 2021, Kenon sold approximately 1.2 million ZIM shares at an average price of $58 per share for a total consideration of approximately $67 million. As a result, Kenon recognized a gain on sale of approximately $30 million in its consolidated financial statements. As of December 31, 2021, as a result of the sales of ZIM shares and the issuance of new shares described in Note 9.B.a.3, Kenon’s interest in ZIM reduced from 28% to 26%. In March 2022, Kenon sold approximately 6 million ZIM shares at an average price of $77 per share for total consideration of approximately $463 million. As a result of the sale, Kenon recognized a gain on sale of approximately $205 million in its consolidated financial statements. As of December 31, 2023 and 2022, as a result of the sales of ZIM shares and the issuance of new shares described in Note 9.B.a.3, Kenon’s interest in ZIM reduced from 26% to 21%. 5. Impairment assessment For the purposes of Kenon’s impairment assessment of its investment, ZIM is considered one CGU, which consists of all of ZIM’s operating assets. The recoverable amount is based on the higher of the value-in-use and the fair value less cost of disposal (“FVLCOD”). Year Ended December 31, 2023 As of December 31, 2023, the carrying amount of ZIM has been reduced to zero after taking into account the equity accounted losses of ZIM and therefore, no assessment of further impairment of ZIM was necessary. Further, as of December 31, 2023, Kenon did not identify any objective evidence that the previously recognized impairment loss no longer exists or the previously assessed impairment amount may have decreased, and therefore, in accordance with IAS 36, no reversal of impairment was recognized. Year Ended December 31, 2022 Kenon identified indicators of impairment in accordance with IAS 28 as a result of a significant decrease in ZIM’s market capitalization towards the end of 2022. Therefore, the carrying value of Kenon’s investment in ZIM was tested for impairment in accordance with IAS 36. Kenon assessed the fair value of ZIM to be its market value as of December 31, 2022 and also assessed that, based solely on publicly available information within the current volatile shipping industry, no reasonable VIU calculation could be performed. As a result, Kenon concluded that the recoverable amount of its investment in ZIM is the market value. ZIM is accounted for as an individual share making up the investment and therefore no premium is added to the fair value of ZIM. Kenon measures the recoverable amount based on FVLCOD, measured at Level 1 fair value measurement under IFRS 13. Given that market value is below carrying value Kenon recognized an impairment of $929 million. Year Ended December 31, 2021 Kenon did not identify any objective evidence that its net investment in ZIM was impaired as of 31 December 31, 2021 and therefore, in accordance with IAS 28, no assessment of the recoverable amount of ZIM was performed. C. OPC’s associated companies Ownership interest as at December 31 Note Main location of company’s activities 2023 2022 CPV Valley Holdings, LLC 9.C.1 New York 50 % 50 % CPV, Three Rivers, LLC Illinois 10 % 10 % CPV Fairview, LLC Pennsylvania 25 % 25 % CPV Maryland, LLC Maryland 25 % 25 % CPV Shore Holdings, LLC New Jersey 38 % 38 % CPV Towantic, LLC Connecticut 26 % 26 % 1. CPV Valley Holdings, LLC (“CPV Valley”) CPV Valley’s financial statements as of December 31, 2022 included a disclosure of circumstances related to CPV Valley’s ability to repay its liabilities under its credit agreement of over $400 million at the repayment date of the liabilities, i.e. June 30, 2023. During 2023, CPV Valley’s financing agreement was amended and extended to May 31, 2026. On the signing date of the new financing agreement, CPV Valley repaid $55 million of the financing arrangement, of which shareholders’ loans of $17 million were extended to CPV Valley from OPC. Subsequently, the total loan amount under the new financing agreement is $415 million.

Long-term investment (Qoros)

Long-term investment (Qoros)	12 Months Ended
	Dec. 31, 2023
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Long-term investment (Qoros)	Note 10 – Long-term investment (Qoros) For the year ended December 31, 2023 2022 2021 Note $ Thousands Fair value loss on remaining 12% interest in Qoros 10.3, 10.5 - - (235,218 ) Payment of financial guarantee 10.6 - - (16,265 ) - - (251,483 ) 1. As of December 31, 2023, the Group holds a 12% (2022: 12%) equity interest in Qoros through a wholly-owned and controlled company, Quantum (2007) LLC (“Quantum”). Chery Automobiles Limited (“Chery”), a Chinese automobile manufacturer, holds a 25% (2022: 25%) equity interest and the remaining 63% (2022: 63%) interest is held by an entity related to the Baoneng Group (“New Qoros Investor” or “New Strategic Partner”). 2. Qoros introduced a New Strategic Partner In January 2018, the New Qoros Investor purchased 51% of Qoros from Kenon and Chery for RMB 3.315 billion (approximately $504 million), resulting in Kenon’s and Chery’s interest in Qoros dropping from 50% each to 24% and 25%, respectively. This was part of an investment structure (“Investment Agreement”) to invest a total of approximately RMB 6.63 billion (approximately $1,002 million) by the New Qoros Investor. The Investment Agreement provided Kenon with a put option over its remaining equity interest in Qoros. 3. Kenon sells down from 24% to 12% In January 2019, Kenon, on behalf of its wholly owned subsidiary Quantum (2007) LLC, announced that it had entered into an agreement to sell half (12%) of its remaining interest (24%) in Qoros to the New Qoros Investor for RMB1,560 million (approximately $220 million), which was based on the same post-investment valuation as the initial investment by the New Qoros Investor. In April 2020, Kenon completed the sale of this half of its remaining interest in Qoros and received payment of RMB1,560 million (approximately $220 million). Kenon recognized a gain of approximately $153 million from the sale of its 12% interest in Qoros and the derecognition of the current portion of the put option pertaining to the 12% interest sold. Subsequent to the sale, the remaining 12% interest in Qoros was accounted for on a fair value basis through profit and loss and, together with the non-current portion of the put option pertaining to the remaining 12% interest (see Note 10.2), was reclassified in the statement of financial position as a long-term investment (Qoros). 4. Agreement to sell remaining 12% interest In April 2021, Quantum entered into an agreement with the New Qoros Investor to sell all of its remaining 12% interest in Qoros. The total purchase price is RMB1.56 billion (approximately $245 million). To date, the New Qoros Investor has failed to make any of the required payments under this agreement. In the fourth quarter of 2021, Kenon started arbitration proceedings against the New Qoros Investor for breach of the agreement and Kenon also started litigation proceedings against the New Qoros Investor with regards to the New Qoros Investor’s obligations to Kenon’s pledged shares in relation to Qoros’ RMB 1.2 billion loan (as described below). As of December 31, 2023, the court proceedings are still ongoing. As a result of the payment delay, Quantum had exercised the Put Option it has to sell its remaining shares to the New Qoros Investor. 5. Fair value assessment In September 2021, in light of the events described above, Kenon performed an assessment of the fair value of the long-term investment (Qoros) under IFRS 13 Fair value measurement. Kenon concluded that the fair value of the long-term investment (Qoros) is zero. Therefore, in 2021 Kenon recognized a fair value loss of $235 million in its consolidated financial statements for the year ended 2021. There were no significant changes in circumstances in 2023 as compared to 2021, therefore, management has assessed that there is no change in fair value of Qoros. 6. Financial Guarantees Provision and Releases Following completion of the transaction in 2019 as described in Note 10.3, the New Qoros Investor assumed its proportionate obligations with respect to the Qoros loans. As a result of this and repayments by Qoros in relation to its loans, Chery’s obligations under the loan guarantees were reduced. As of December 31, 2020, Kenon’s back-to-back guarantee obligations to Chery were reduced to approximately $16 million. In the fourth quarter of 2021, Chery paid the full amount of its guarantee obligations. Kenon paid $16 million to Chery and recognized a corresponding $16 million expense in its consolidated statements of profit and loss. Following this payment, Kenon does not have any remaining guarantee obligations with respect to Qoros debt. As of December 31, 2023, Kenon has pledged substantially all of its interests in Qoros to secure Qoros’ RMB 1.2 billion loan facility. The New Qoros Investor was required to assume its pro rata share of pledge obligations. It has not yet provided all such pledges but has provided Kenon with a guarantee in respect of its pro rata share, and up to all, of Quantum’s pledge obligations. 7. Restrictions Qoros has restrictions with respect to distribution of dividends and sale of assets deriving from legal and regulatory restrictions, restrictions under the joint venture agreement and the Articles of Association and restrictions stemming from credit received.

Subsidiaries

Subsidiaries	12 Months Ended
	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
Subsidiaries	Note 11 – Subsidiaries A. Investments OPC Energy Ltd. OPC is a publicly-traded company whose securities are listed on the TASE. OPC is engaged in three reportable segments: i. generation and supply of electricity and energy (electricity, steam and charging services for electric vehicles) in Israel to private customers, Israel Electric Company (“IEC”) and Noga – The Israel Independent System Operator Ltd. (“System Operator” or “Noga’), including initiation, development, construction and operation of power plants and facilities for energy generation; ii. generation and supply of electricity and energy in the United States using renewable energy, including development, construction and management of renewable energy power plants; and iii. generation and supply of electricity and energy in the United States using conventional (natural gas) power plants, including development, construction and management of conventional energy power plants in the United States. Material subsidiaries Set forth below are details regarding OPC’s material subsidiaries: Ownership interest as at December 31 Note Main location of company's activities 2023 2022 OPC Power Plants Ltd. 11.A.1 Israel 80 % 100 % OPC Holdings Israel Ltd. 11.A.2 Israel 80 % - CPV Group LP 11.A.3 USA 70 % 70 % 1. OPC Power Plants Ltd. (“OPC Power Plants”) OPC Power Plants, directly holds most of OPC’s businesses in Israel, such as OPC Rotem Ltd. (“OPC Rotem”), OPC Hadera Ltd. (“OPC Hadera”), Tzomet Energy Ltd. (“OPC Tzomet”), OPC Sorek 2 Ltd. (“OPC Sorek 2”) and OPC Gat Power Plant (“Gat Partnership”). These businesses are mainly engaged in the generation and supply of electricity and energy, mainly to private customers and to the System Operator, and in the development, construction and operation in Israel of power plants and energy generation facilities powered using natural gas and renewable energy. 1.1 OPC Gat Power Plant (“Gat Partnership”) On March 30, 2023, the transaction between OPC Power Plants, together with Dor Alon Energy in Israel (1988) Ltd. (“Dor Alon”), and Dor Alon Gas Power Plants Limited Partnership (the “Seller”) for purchase of the rights in a power plant located in Kiryat Gat Industrial Zone (“Gat Partnership”) was completed, and all rights in the Gat Partnership were transferred to OPC. The transaction was completed for a consideration of NIS 870 million (approximately $242 million), after adjustments to working capital. Consideration of NIS 270 million (approximately $75 million) were paid to acquire all the rights in the Gat Partnership, and consideration of NIS 303 million (approximately $84 million) were used to repay the shareholders’ loan. The remaining consideration of NIS 300 million (approximately $83 million) represents a deferred consideration that was paid in 2023. Determination of provisional fair value of identified assets and liabilities The acquisition of the Gat Partnership was accounted for according to the provisions of IFRS 3 - “Business Combinations”. On the Transaction Completion Date, OPC included the net assets of the Gat Partnership in accordance with their fair value. As of the approval date of the financial statements, OPC has yet to complete the attribution of acquisition cost to the identifiable assets and liabilities. As a result, some of the fair value data are provisional and there may be changes that will affect the data included below. Set forth below is the fair value of the identifiable assets and liabilities acquired (according to provisional amounts): $ Million Cash and cash equivalents 1 Trade and other receivables 6 Property, plant, and equipment - facilities and electricity generation and 172 Property, plant, and equipment - land owned by the Gat Partnership (2) 23 Trade and other payables (7 ) Loans from former right holders (3) (84 ) Deferred tax liabilities (19 ) Identifiable assets, net 92 Goodwill (4) 61 Total consideration (5) 153 (1) The Group applied IFRS 3 and allocate the fair value of the facilities and the electricity supply license to a single asset. The fair value was determined by an independent appraiser using the income approach, the MultiPeriod Excess Earning Method. The valuation methodology included several key assumptions that constituted the basis for cash flow forecasts, including, among other things, electricity and gas prices, and nominal post-tax discount rate of 8%-8.75%. The said assets are amortized over 27 years from the acquisition date, considering an expected residual value at the end of the assets’ useful life. (2) The fair value of the land was determined by an external and independent land appraiser using the discounted cash flow technique (the discount rate used is 8%). (3) The loans were repaid immediately after the acquisition date. (4) The goodwill arising as part of the business combination reflects the synergy between the activity of the Gat Partnership and the Rotem Power Plant. (5) The consideration includes a cash payment of NIS 270 million (approximately $75 million) plus deferred consideration, whose present value is estimated at NIS 285 million (approximately $79 million). The aggregate cash flows that were used by the Group as a result of the acquisition transaction: $ Million Cash and other cash equivalents paid (excluding consideration used to repay shareholders’ loan) 152 Cash and other cash equivalents acquired (1 ) 151 2. OPC Holdings Israel Ltd. (“OPC Holdings Israel”) In May 2022, OPC had entered into an agreement with Veridis Power Plants (“Veridis”) to form OPC Holdings Israel Ltd. (“OPC Holdings Israel”), which will hold and operate all of OPC’s business activities in the energy and electricity generation and supply sectors in Israel (“Veridis Transaction”). Upon completion of the Veridis Transaction in 2023, OPC transferred to OPC Holdings Israel, among other things, its 80% interest in OPC Rotem, its interest in Gnrgy Ltd., as well as other operations in Israel including OPC Hadera, OPC Tzomet, OPC Sorek, energy generation facilities on consumers’ premises and virtual electricity supply activities, and Veridis transferred its 20% interests in OPC Rotem to OPC Holdings Israel. In addition, Veridis invested approximately NIS 452 million (approximately $129 million) in cash in OPC Holdings Israel (after adjustments to the original transaction amount which totaled NIS 425 million (approximately $125 million)), of which approximately NIS 400 million (approximately $118 million) was used by OPC Rotem to repay a portion of the shareholders’ loans provided to OPC Rotem in 2021 by OPC and Veridis. As a result of the Veridis Transaction, OPC holds 80% and Veridis holds the remaining 20% of OPC Holdings Israel, which holds 100% of the business activities in the energy and electricity generation and supply sectors in Israel transferred by OPC. The Veridis transaction is accounted for in accordance with the provisions of IFRS 10 – “Consolidated Financial Statements”. Accordingly, all differences between the cash received from Veridis as stated above and the increase in the non-controlling interests were recognized in capital reserve from transactions with non-controlling interests. 3. CPV Group LP (“CPV Group”) CPV Group is engaged in the development, construction and management of power plants using renewable energy and conventional energy (power plants running on natural gas of the advanced‑generation combined‑cycle type) in the United States. The CPV Group holds rights in active power plants that it initiated and developed – both in the area of conventional energy and in the area of renewable energy. In addition, through an asset management group the CPV Group is engaged in provision of management services to power plants in the United States using a range of technologies and fuel types, by means of signing asset‑management agreements, usually for short to medium periods. Refer to Note 9.C for further details on associates of CPV Group. 4. OPC Power Ventures LP (“OPC Power”) In October 2020, OPC signed a partnership agreement (the “Partnership Agreement” and the “Partnership”, where applicable) with three financial entities to form OPC Power, whereby the limited partners in the Partnership are OPC which holds a 70% interest, Clal Insurance Group which holds a 12.75% interest, Migdal Insurance Group which holds a 12.75% interest, and a corporation from Poalim Capital Markets which holds a 4.5% interest. The General Partner of the Partnership, a wholly-owned company of OPC, will manage the Partnership’s business as its General Partner, with certain material actions (or which may involve a conflict of interest between the General Partner and the limited partners), requiring approval of a majority a of special majority (according to the specific action) of the institutional investors which are limited partners. The General Partner is entitled to management fees and success fees subject to meeting certain achievements. OPC also entered into an agreement with entities from the Migdal Insurance Group with respect to their holdings in the Partnership, whereby OPC granted said entities a put option, and they granted OPC a call option (to the extent that the put option is not exercised), which is exercisable after 10 years in certain circumstances. The total investment undertakings and provision of shareholders’ loans provided by all partners under the Partnership Agreement pro rata to the holdings discussed above is $1,215 million. The amount is designated for acquisition of all the rights in the CPV Group and for financing additional investments. In 2021, OPC and the holders of the non-controlling interests provided OPC Power in partnership capital and loans of approximately $657 million and $204 million respectively. The loans are denominated in dollars and bear interest at an annual rate of 7%. The loan principal is repayable at any time, but not later than January 2028. The accrued interest is to be paid on a quarterly basis. To the extent the payment made by OPC Power is lower than the amount of the accrued interest, the payment in respect of the balance will be postponed to the next quarter, but not later than January 2028. In January 2021, the loans and rights of OPC Power were subsequently transferred to ICG Energy, Inc. OPC Power holds 99.99% of the CPV Group, and the remaining interest is held by the General Partner of the Partnership. In 2022, the Limited Partners in the Partnership provided OPC Power with equity investments totaling $122 million (NIS 409 million) and provided it with loans for a total amount of $38 million (NIS 127 million), respectively, each in accordance with its proportionate share. As December 31, 2022, total investments in the Partnership’s equity and the outstanding balance of the loans (including accrued interest) amount to $779 million (approximately NIS 2,741 million), and $271 million (approximately NIS 953 million), respectively. In 2023, OPC and non-controlling interests made equity investments in the partnership OPC Power Ventures LP (both directly and indirectly) of NIS 565 million (approximately $150 million), and extended NIS 175 million (approximately $45 million) in loans, based on their stake in the partnership. In September 2023, after utilizing the entire investment commitment and shareholder loans in July 2023, the facility was increased by $100 million (OPC’s share in the facility is $70 million). 5. Acquisition of CPV Group On January 25, 2021 (“Transaction Completion Date”), the Group acquired 70% of the rights and holdings in CPV Power Holdings LP; Competitive Power Ventures Inc.; and CPV Renewable Energy Company Inc through the limited partnership, CPV Group LP (the “Buyer”). For the year ended December 31, 2021, the Group’s consolidated results comprised results of the CPV Group from Transaction Completion Date through to year end. On the Transaction Completion Date, in accordance with the mechanism for determination of the consideration as defined in the acquisition agreement, the Buyer paid the sellers approximately $648 million, and about $5 million for a deposit which remains in the CPV Group. OPC partially hedged its exposure to changes in the cash flows from payments in US dollars in connection with the agreement for acquisition of the CPV Group by means of forward transactions and dollar deposits. OPC chose to designate the forward transactions as an accounting hedge. On the Transaction Completion Date, OPC recorded an amount of approximately NIS 103 million (approximately $32 million) that was accrued in a hedge capital reserve to the investment cost in the CPV Group. The contribution of the CPV Group to the Group’s revenue and consolidated loss from the acquisition date until December 31, 2021 amounted to $51 million and $47 million, respectively. Following the acquisition of CPV Group, the fair value of identifiable assets and liabilities as of the acquisition date had been determined to be $580 million. Accordingly, goodwill of $105 million (including goodwill arising from hedging) was recognized, which reflects the potential of future activities of CPV Group in the market in which it operates. 6. Acquisition of Mountain Wind Power Plant In January 2023, CPV Group through its 100% owned subsidiary entered into an agreement to acquire all rights in four operating wind-powered electricity power plants in Maine, United States, with an aggregate capacity of 81.5 MW. On April 5, 2023, the transaction was completed and CPV Group received all rights in the Mountain Wind Project for consideration of $175 million. Determination of fair value of identified assets and liabilities The acquisition of the Mountain Wind Project was accounted for according to the provisions of IFRS 3 - “Business Combinations”. On the Transaction Completion Date, OPC included the net assets of the Mountain Wind Project in accordance with their fair value. Set forth below is the fair value of the identifiable assets and liabilities acquired: $ Million Trade and other receivables 4 Property, plant, and equipment (1) 127 Intangible assets (1) 26 Trade and other payables (1 ) Liabilities in respect of evacuation and removal (2 ) Identifiable assets, net 154 Goodwill (2) 21 Total consideration 175 (1) The fair value was determined using the discounted cash flow method. The valuation methodology included a number of key assumptions that constituted the basis for cash flow forecasts, including, among other things, electricity and gas prices, and nominal post-tax discount rate of 5.75% - 6.25%. Intangible assets are amortized over 13 to 17 years, and property, plant, and equipment items are depreciated over 20 to 29 years. (2) The goodwill in the transaction reflects the business potential of the Group’s entry into the renewable energies market in New England, USA. CPV Group expects that the entire amount of the goodwill will be deductible for tax purposes. 7. Issuances of new shares by OPC In February 2021, OPC issued to Altshuler Shaham Ltd. and entities managed by Altschuler Shalam (collectively, the “Offerees”), 10,300,000 ordinary shares of NIS 0.01 par value each. The price of the shares issued to the Offerees was NIS 34 per ordinary share, and the gross proceeds from the issuance was about NIS 350 million (approximately $106 million). The issuance expenses were about NIS 4 million (approximately $1 million). Accordingly, the Group recognized $63 million in non-controlling interests and $42 million in accumulated profits arising from changes in the Group’s proportionate share of OPC. In July 2022, OPC issued to the public 9,443,800 ordinary shares of NIS0.01 par value each. The issuance was carried out by way of uniform offering with a quantity range, and a tender for the unit price and quantity. Gross issuance proceeds amounted to NIS 331 million (approximately $94 million), and issuance expenses were approximately NIS 9 million (approximately $2 million). Kenon took part in the issuance, and was issued 3,898,000 ordinary shares for a gross amount of $39 million. In September 2022, OPC issued to qualified investors 12,500,000 ordinary shares of NIS 0.01 par value each. Gross issuance proceeds amounted to NIS 500 million (approximately $141 million), and issuance expenses were approximately NIS 6 million (approximately $1 million). Kenon did not take part in the issuance. Following completion of the share issuances in 2022, Kenon registered a decrease of 4% in equity interest in OPC from 59% to 55%. Accordingly, the Group recognized $136 million in non-controlling interests and $58 million in accumulated profits arising from changes in the Group’s proportionate share of OPC. 8. Rights issuance In September 2021, OPC issued rights to purchase 13,174,419 ordinary OPC shares of NIS 0.01 per value each (hereinafter - the “Rights”), in connection with the development and expansion of OPC’s activity in the USA. The Rights were offered such that each holder of ordinary shares of OPC who held 43 ordinary shares was entitled to purchase one right unit comprising of three shares at a price of NIS 75 (NIS 25 per share). Through the deadline for exercising the rights, notices of exercise were received for the purchase of 13,141,040 ordinary shares (constituting approximately 99.7% of the total shares offered in the rights offering). The gross proceeds from the exercised rights amounted to approximately NIS 329 million (approximately $102 million). In October 2021, Kenon exercised rights for the purchase of approximately 8 million shares for total consideration of approximately NIS 206 million (approximately $64 million), which included its pro rata share and additional rights it purchased during the rights trading period plus the cost to purchase these additional rights. As a result, Kenon then held approximately 58.8% of the outstanding shares of OPC. Accordingly, the Group recognized $41 million in non-controlling interests and $60 million in accumulated profits arising from changes in the Group’s proportionate share of OPC. Following completion of the share issuance as described in Note 11.7 and the above rights issuances in 2021, Kenon registered a decrease in equity interest in OPC from 59% to 55%. Accordingly, the Group recognized $104 million in non-controlling interests and $38 million in accumulated profits arising from changes in the Group’s proportionate share of OPC. 9. Dividends Following the growth strategy adopted by OPC and the expansion of operation targets in recent years, taking into account OPC’s financial strength, from March 2024, OPC’s dividend distribution policy will be suspended for two years. After the said suspension period, the Board of Directors will discuss the possible resumption of the dividend distribution policy and its applicability to the circumstances, if any. B. The following table summarizes the information relating to the Group’s subsidiary in 2023, 2022 and 2021 that has material NCI: As at and for the year ended December 31, 2023 2022 2021 OPC Energy Ltd. OPC Energy Ltd. OPC Energy Ltd. $ Thousands NCI percentage * 59.88 % 56.20 % 53.14 % Current assets 460,810 419,636 346,380 Non-current assets 3,018,434 2,289,101 2,141,744 Current liabilities (353,735 ) (184,418 ) (230,518 ) Non-current liabilities (1,679,847 ) (1,283,445 ) (1,341,962 ) Net assets 1,445,662 1,240,874 915,644 Carrying amount of NCI 865,676 697,433 486,598 Revenue 691,796 573,957 487,763 Profit/(loss) after tax 46,955 65,352 (93,898 ) Other comprehensive income (38,017 ) (11,249 ) 74,219 Profit/(loss) attributable to NCI 25,030 37,007 (54,022 ) OCI attributable to NCI (24,624 ) (568 ) 33,661 Cash flows from operating activities 134,973 62,538 119,264 Cash flows used in investing activities (594,303 ) (328,610 ) (256,200 ) Cash flows from financing activites excluding dividends paid to NCI 503,245 285,898 311,160 Dividends paid to NCI - - (10,214 ) Effect of changes in the exchange rate on cash and cash equivalents (7,435 ) (13,545 ) 6,717 Net increase/(decrease) in cash and cash equivalents 36,480 6,281 170,727 * The NCI percentage represents the effective NCI of the Group

Property, Plant and Equipment,

Property, Plant and Equipment, Net	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
Property, Plant and Equipment, Net	Note 12 – Property, Plant and Equipment, Net A. Composition Roads, buildings and leasehold improvements Facilities, machinery and equipment Wind turbines Office furniture and equipment Assets under construction Other Total $ Thousands Cost Balance at January 1, 2022 83,956 792,275 29,844 414 409,780 48,142 1,364,411 Additions 3,442 18,657 191 (8 ) 185,938 46,025 254,245 Disposals (160 ) (13,007 ) (43 ) - (1,969 ) (12,769 ) (27,948 ) Reclassification - - - - 3 (3 ) - Differences in translation reserves (9,633 ) (75,558 ) - - (41,164 ) (6,016 ) (132,371 ) Balance at December 31, 2022 77,605 722,367 29,992 406 552,588 75,379 1,458,337 Additions 2,915 3,977 - 5 269,502 34,800 311,199 Disposals (590 ) (3,841 ) - - (11,235 ) (39,960 ) (55,626 ) Reclassification 9,316 334,132 160,666 - (504,114 ) - - Acquisitions through business combination 23,667 159,036 126,200 - - 6,307 315,210 Differences in translation reserves (1,584 ) (13,265 ) - - (16,371 ) (1,308 ) (32,528 ) Balance at December 31, 2023 111,329 1,202,406 316,858 411 290,370 75,218 1,996,592 Accumulated depreciation Balance at January 1, 2022 18,148 219,637 563 243 - - 238,591 Additions 3,864 37,057 1,109 80 - - 42,110 Disposals (10 ) (13,007 ) (21 ) (8 ) - - (13,046 ) Differences in translation reserves (3,557 ) (28,182 ) - - - - (31,739 ) Balance at December 31, 2022 18,445 215,505 1,651 315 - - 235,916 Additions 3,993 47,661 5,007 81 - - 56,742 Disposals (235 ) (4,426 ) - - - - (4,661 ) Differences in translation reserves (471 ) (5,759 ) - - - - (6,230 ) Balance at December 31, 2023 21,732 252,981 6,658 396 - - 281,767 Carrying amounts At January 1, 2022 65,808 572,638 29,281 171 409,780 48,142 1,125,820 At December 31, 2022 59,160 506,862 28,341 91 552,588 75,379 1,222,421 At December 31, 2023 89,597 949,425 310,200 15 290,370 75,218 1,714,825 B. The amount of borrowing costs capitalized in 2023 was approximately $22 million (2022: $16 million). C. Fixed assets purchased on credit in 2023 was approximately $31 million (2022: $47 million). D. The composition As at December 31, 2023 2022 $ Thousands Depreciation and amortization included in gross profit 78,025 56,853 Depreciation and amortization charged to selling, general and administrative expenses 12,914 6,023 Depreciation and amortization from continuing operations 90,939 62,876

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]
Intangible Assets, Net	Note 13 – Intangible Assets, Net A. Composition: Goodwill* PPA** Others Total $ Thousands Cost Balance as at January 1, 2022 140,212 110,446 7,470 258,128 Additions - - 10,799 10,799 Translation differences (1,599 ) - (1,316 ) (2,915 ) Balance as at December 31, 2022 138,613 110,446 16,953 266,012 Additions - - 13,738 13,738 Acquisitions through business combination 80,761 25,968 - 106,729 Impairment (6,196 ) - - (6,196 ) Translation differences 559 - (225 ) 334 Balance as at December 31, 2023 213,737 136,414 30,466 380,617 Amortization Balance as at January 1, 2022 21,455 10,947 1,444 33,846 Amortization for the year - 10,569 991 11,560 Translation differences - - (189 ) (189 ) Balance as at December 31, 2022 21,455 21,516 2,246 45,217 Amortization for the year - 11,115 3,036 14,151 Translation differences - - (35 ) (35 ) Balance as at December 31, 2023 21,455 32,631 5,247 59,333 Carrying value As at January 1, 2022 118,757 99,499 6,026 224,282 As at December 31, 2022 117,158 88,930 14,707 220,795 As at December 31, 2023 192,282 103,783 25,219 321,284 * Relates mainly to goodwill arising from the acquisition of CPV Group of $105 million and Gat Power Plants of $61 million. Refer to Note 11.A.5 for further information. ** Relates to the power purchase agreement from the acquisition of CPV Keenan, which is part of the CPV Group. B. The total carrying amounts of intangible assets with a finite useful life and with an indefinite useful life or not yet available for use As at December 31, 2023 2022 $ Thousands Intangible assets with a finite useful life 128,998 103,637 Intangible assets with an indefinite useful life or not yet available for use 192,286 117,158 321,284 220,795 C. Impairment testing of goodwill arising from CPV Group As part of the acquisition of the CPV Group as described in Note 11.A.5, on the acquisition date, OPC recognized goodwill of $105 million, which reflects the future growth potential of the CPV Group’s operations. In 2022, OPC reallocated the goodwill to the renewable energies segment in the United States, since it believes that this allocation reflects fairly the nature of the goodwill that had arisen from the acquisition., especially through renewable energy, which OPC recognizes as a cash-generating unit. In 2023, subsequent to the acquisition of mountain wind power plant as detailed in Note 11.6, the goodwill assigned to the renewable energies segment in the United States has been increased to $126 million. OPC conducted an impairment test as of December 31, 2023 for the goodwill recognized as part of the acquisition of CPV Group as well as acquisition of Mountain Wind Power Plant as detailed in Note 11.6. OPC has considered the report from a qualified external valuer regarding the recoverable amount of the cash-generating unit based on FVLCOD, estimated by an independent external appraiser. Projects under commercial operation and projects under construction were estimated by discounting expected future cash flows before tax by applying the discount rate, which is represented by the weighted average cost of capital (“WACC”) after tax. Projects under development were estimated at cost. Below are the main assumptions used in the valuation: 1. Forecast years - represents the period spanning from January 1, 2024 to December 31, 2054, based on the estimate of the economic life of the power plants and their value as at the end of the forecast period. 2. Market prices and capacity - market prices (electricity, capacity, RECs, etc.) are based on PPAs and market forecasts received from external and independent information sources, taking into account the relevant area and market for each project and the relevant regulation. 3. Estimated construction costs of the projects, and entitlement to tax benefits in respect of projects under construction (ITC or production tax credit, as applicable). 4. The annual long-term inflation rate of 2.2% equals the derived 10-year inflation rate as of the estimate date. 5. The WACC - calculated for each material project separately, and ranges between 6% (project with PPAs for sale of the entire capacity) and 7.25%. OPC used a relevant discount rate reflecting the specific risks associated with the future cash flow of a cash-generating unit. As of December 31, 2023, the recoverable amount of the cash-generating unit of the CPV Group, which is relating to the renewable energies segment in the United States exceeds its book value and therefore, no impairment has been recognized. The fair value measurement was classified at Level 3 due to the use of input that is not based on observable market inputs in the assessment model. As of the report date, in accordance with management’s assessments regarding future industry trends, which are based on external and internal sources, OPC has not identified any key assumptions in which possible likely changes may occur, which would cause the CPV Group’s recoverable amount to decrease below its carrying amount. D. Impairment testing of goodwill arising from Gat Power Plant As of December 31, 2023, goodwill of $61 million, which arose as part of the acquisition of the Gat Power Plant reflects the synergy between the activities of the power plants in Israel, whose business model is based on sale to private customers (OPC Rotem, OPC Hadera and Gat Power Plant). The annual impairment testing of goodwill as of December 31, 2023, was carried out at the level of the cash-generating unit comprising the three power plants (hereinafter - the “Cash-Generating Unit”), since this is the lowest level at which goodwill is subject to monitoring for internal reporting purposes. The recoverable amount of the Cash-Generating Unit is determined as follows: 1. For the OPC Rotem Power Plant - based on fair value less cost to sell 2. For the OPC Hadera and Gat Power Plant - according to their carrying amounts Set forth below are the key assumptions used in determining OPC Rotem’s fair value: 1. EBITDA for 2023 at of NIS 391 million (approximately $108 million) 2. An EV/EBITDA multiple of 11.4, based on the OPC’s experience in transactions carried out in the Israeli market in the field of power plants. The fair value measurement was classified at Level 3 due to the use of significant input that is not based on observable market inputs in the valuation model. As of December 31, 2023, the recoverable amount of the Cash-Generating Unit exceeds its book value and therefore, no impairment has been recognized. OPC determines that a potential reasonable change in the key assumptions used in determining the recoverable amount of the Cash-Generating Unit as of December 31, 2023, would not have caused a material impairment loss.

Long-Term Prepaid Expenses and

Long-Term Prepaid Expenses and Other Non-Current Assets	12 Months Ended
	Dec. 31, 2023
Disclosure Of Long Term Prepaid Expenses Abstract
Long Term Prepaid Expenses and Other Non Current Assets	Note 14 – Long-Term Prepaid Expenses and Other Non-Current Assets As at December 31, 2023 2022 $ Thousands Deferred expenses, net (1) 7,786 5,349 * Loan to associated company (2) 30,138 5,100 Contract costs 6,347 4,337 Other non-current assets 8,071 8,537 52,342 23,323 * * Reclassified (1) Relates to deferred expenses, net for OPC’s connection fees to the gas transmission network and the electricity grid. (2) Mainly relates to loan to CPV Valley with SOFR-based interest plus a weighted average interest margin of approximately 5.75%, with the final repayment date on May 31, 2026.

Loans and Debentures

Loans and Debentures	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about borrowings [abstract]
Loans and Debentures	Note 15 – Loans and Debentures The following are the contractual conditions of the Group’s interest-bearing loans and credit, which are measured based on amortized cost. Additional information regarding the Group’s exposure to interest risks, foreign currency and liquidity risk is provided in Note 28, in connection with financial instruments. As at December 31 2023 2022 $ Thousands Current liabilities Current maturities of long-term liabilities: Loans from banks and others 107,739 26,113 Non-convertible debentures 52,980 9,497 Others 8,908 3,652 169,627 39,262 Non-current liabilities Loans from banks and others 906,243 610,434 Non-convertible debentures 454,163 513,375 1,360,406 1,123,809 Total 1,530,033 1,163,071 A.1 Classification based on currencies and interest rates As at December 31, 2023 2022 $ Thousands Debentures (1) In shekels(1) 507,143 522,872 Loans from banks and others (2) In shekels 1,022,890 640,199 1,530,033 1,163,071 1. Annual interest rates between 2.5% to 2.75%. 2. Hadera: Annual interest between 2.4% to 3.9% (for the linked loans) and between 3.6% to 5.4% (for the unlinked loans); Tzomet: Annual interest of prime plus 0.55%; and Gat: Annual interest of prime interest plus spread between 0.4% to 0.9%. As of December 31, 2023 and 2022, all loans and debentures relate to liabilities incurred by OPC and its subsidiaries. A.2 Reconciliation of movements of liabilities to cash flows arising from financing activities Financial liabilities (including interest payable) Loans and credit Loans from holders of interests that do not confer financial control Debentures Financial instruments designated for hedging $ Thousands Balance as at January 1, 2023 516,195 124,152 526,771 (16,087 ) Changes as a result of cash flows from financing activities Payment in respect of derivative financial instruments, net - - - 2,385 Receipt of loans 405,460 30,357 - - Repayment of debentures and loans (123,237 ) (33,389 ) (8,451 ) - Interest paid (30,270 ) (593 ) (6,133 ) - Net cash provided by/(used in) financing activities 251,953 (3,625 ) (14,584 ) 2,385 Effect of changes in foreign currency exchange rates (533 ) 2,218 - (241 ) Interest and CPI expenses 51,180 7,179 21,658 (3,027 ) Changes in fair value, application of hedge accounting and other 10,179 (463 ) (7,061 ) 2,065 Business combination 83,385 - - - Balance as at December 31, 2023 912,359 129,461 526,784 (14,905 ) Financial liabilities (including interest payable) Loans and credit Loans from holders of interests that do not confer financial control Debentures Financial instruments designated for hedging $ Thousands Balance as at January 1, 2022 488,455 139,838 586,600 (8,305 ) Changes as a result of cash flows from financing activities Payment in respect of derivative financial instruments, net - - - (923 ) Receipt of loans 88,651 13,680 - - Repayment of debentures and loans (21,601 ) (25,617 ) (5,972 ) - Interest paid (11,058 ) (2,094 ) (11,889 ) - Prepaid costs for loans taken (2,845 ) - - - Net cash provided by/(used in) financing activities 53,147 (14,031 ) (17,861 ) (923 ) Effect of changes in foreign currency exchange rates (51,435 ) (8,419 ) (68,696 ) 967 Interest and CPI expenses 27,444 6,764 26,728 - Changes in fair value, application of hedge accounting and other (1,416 ) - - (7,826 ) Balance as at December 31, 2022 516,195 124,152 526,771 (16,087 ) 1. Long-term loans from banks and others A. Gat Financing Agreement In March 2023, the Gat Partnership and Bank Leumi le-Israel B.M. (“Bank Leumi”) signed a financing agreement for a senior debt (project financing) to finance the construction of the Gat Power Plant. As part of the financing agreement, Bank Leumi advanced to the Gat Partnership a long-term loan at the total amount of NIS 450 million (approximately $128 million). The loan will be repaid in quarterly installments, starting from September 25, 2023, and the final repayment date is May 10, 2039 (subject to the stipulated early repayment provisions). The loan will bear an annual interest equal to the Prime interest adjusted by a spread ranging from 0.4% to 0.9% per annum. The Gat Financing Agreement contains provisions on converting the interest on the said loan from a variable interest to a fixed and unlinked interest. The loan will bear the unlinked government bond interest, as defined in the agreement, adjusted by a 2.05% to 2.55% spread.   To secure the Gat Financing Agreement, there are collateral on all of the Gat Partnership’s assets and rights in it, including the real estate, bank accounts, insurances, the Gat Partnership’s assets and rights in connection with the Project Agreements (as defined in the agreement). In addition, a lien was placed on the rights of the entities holding the Gat Partnership. On the Completion Date, OPC and Veridis, each in accordance with its proportionate (indirect) share in the Gat Partnership, as well as OPC Power Plants, made a guarantee to pay all principal and accrued interest payments, in connection with the completion of the registration of the collateral and the payment of the deferred consideration balance under the circumstances and subject to the terms set in the said letter of guarantee. Distributions by the Gat Partnership is subject to a number of conditions described in the said loan agreement, including, among other things: compliance with the following financial covenants: Historic debt service coverage ratio (“DSCR”) and Average Projected DSCR and loan life coverage ratio at a minimal rate of 1.15, a first quarterly principal and interest payment will be made, the provisions of the agreement will be complied with, and no more than four distributions will be carried out in a 12-month period. In March 2023, the Gat Partnership, the entities holding the Gat Partnership, including OPC Power Plants, and Bank Leumi signed an equity subscription agreement, under which the said entities and OPC Power Plants made certain undertakings (debt service and equity capital requirements, guarantees, meeting certain financial covenants) toward Bank Leumi in connection with the Gat Partnership's activity. B. OPC Rotem financing The power plant project of OPC Rotem was financed by the project financing method (hereinafter – “Rotem Financing Agreement”) with a consortium of lenders led by Bank Leumi Le-Israel Ltd. (hereinafter respectively – “Rotem’s Lenders” and “Bank Leumi”). In October 2021, the early repayment of the full outstanding balance of OPC Rotem’s project financing of amount NIS 1,292 million (approximately $400 million) (including early repayment fees as described below) was completed. A debt service reserve and restricted cash of amount NIS 125 million (approximately $39 million) were also released. As part of the early repayment, OPC Rotem recognized a one-off expense totaling NIS 244 million (approximately $75 million) in 2021, in respect of an early repayment fee of approximately NIS 188 million (approximately $58 million), net of tax. In proportion to their interests in OPC Rotem, OPC and Veridis extended to OPC Rotem loans for the financing of the early repayment of amounts NIS 904 million (approximately $291 million) and NIS 226 million (approximately $72 million), respectively, totaling NIS 1,130 million (approximately $363 million) (hereinafter - the “Shareholders’ Loans”). The Shareholders’ Loans bear annual interest at the higher of 2.65% or interest in accordance with Section 3(J) of the Israel Income Tax Ordinance, whichever is higher. The Shareholders’ Loans shall be repaid in quarterly unequal payments in accordance with the mechanism set in the Shareholders’ Loans agreement, and in any case no later than October 2031. A significant portion of OPC’s portion of NIS 904 million (approximately $280 million), was funded by the issuance of Series C debentures as described in Note 15.2.B. C. OPC Hadera In July 2016, Hadera entered into a financing agreement for the senior debt (hereinafter – “the Hadera Financing Agreement”) with a consortium of lenders (hereinafter – “Hadera’s Lenders”), headed by Israel Discount Bank Ltd. (hereinafter – “Bank Discount”) and Harel Insurance Company Ltd. (hereinafter – “Harel”) to finance the construction of the Hadera Power Plant, whereby the lenders undertook to provide Hadera credit facilities, mostly linked to the CPI, in the amount of NIS 1,006 million (approximately $323 million) in several facilities (some of which are alternates): (1) a long‑term credit facility (including a facility for changes in construction and related costs); (2) a working capital facility; (3) a debt service reserves account and a VAT facility; (4) a guarantees facility; and (5) a hedge facility. Some of the loans in the Hadera Financing Agreement are linked to the CPI and some are unlinked. The loans bear interest rates between 2.4% and 3.9% on the CPI-linked loans, and between 3.6% and 5.4% on the unlinked loans, and are repaid in quarterly installments up to 2037 and commenced from the first quarter of 2020. In addition, OPC Hadera undertook, commencing from the commercial operation date, to provide a debt service reserve in an amount equal to the amount of the debt payments for two successive quarters (as of December 31, 2021, NIS 30 million (approximately $10 million)), and an owner’s guarantee fund of NIS 15 million (approximately $5 million). D. OPC Tzomet financing agreement In December 2019, a financing agreement for the senior debt (project financing) was signed between OPC Tzomet and a syndicate of financing entities led by Bank Hapoalim Ltd. (hereinafter – “Bank Hapoalim”, and together with the other financing entities hereinafter – “Tzomet’s Lenders”), to finance construction of the Tzomet power plant (hereinafter – “Tzomet Financing Agreement”). Under the Tzomet Financing Agreement, Tzomet’s Lenders undertook to provide OPC Tzomet a long‑term loan facility, a standby facility, a working capital facility, a debt service reserve, a VAT facility, third‑party guarantees and a hedge facility, in the aggregate amount of NIS 1,372 million (approximately $441 million). Part of the amounts under these facilities will be CPI-linked and part of the amounts will be USD-linked. The loans accrue interest at the rates set out in the Tzomet Financing Agreement. As part of the Tzomet Financing Agreement, terms were provided with reference to conversion of interest on the long-term loans from variable interest to CPI linked interest. Such a conversion will take place in three cases: (a) automatically at the end of 6 years after the signing date of the Tzomet Financing Agreement; (b) at OPC Tzomet’s request during the first 6 years commencing from the signing date of the Tzomet Financing Agreement; (c) at Bank Hapoalim’s request, in certain cases, during the first 6 years commencing from the signing date of the Tzomet Financing Agreement. In addition, OPC Tzomet has the right to make early repayment of the loans within 6 years after the signing date of the Tzomet Financing Agreement, subject to a one time reduced payment (and without payment of an early repayment penalty), and provided that up to the time of the early repayment, the loans were not converted into loans bearing fixed interest linked to the CPI. The Tzomet Financing Agreement also includes certain restrictions with respect to distributions and repayment of shareholders’ loans. As of December 31, 2023, OPC Tzomet and OPC were in compliance with all the covenants in accordance with the Tzomet Financing Agreement. The loans are to be repaid quarterly, which will begin shortly before the end of the first or second quarter after the commencement date of the commercial operation up to the date of the final payment, which will take place on the earlier of the end of 19 years from the commencement date of the commercial operation or 23 years from the signing date of the Tzomet Financing Agreement (however not later than December 31, 2042). E. CPV Keenan financing In August 2021, CPV Keenan and a number of financial entities entered into a $120 million financing agreement (hereinafter - the “Keenan Financing Agreement”), comprising a loan of approximately NIS 335 million (approximately $104 million) and ancillary credit facilities (working capital and letters of credit) of approximately NIS 52 million (approximately $16 million). The loan and the ancillary credit facilities in the Keenan Financing Agreement shall be repaid in installments over the term of the agreement; the final repayment date is December 31, 2030. The loan and the ancillary credit facilities in the Keenan Financing Agreement shall carry an annual interest of SOFR + 1.28%. (LIBOR + 1% - 1.375% through July 2023). CPV Group hedged approximately 70% of its exposure to changes in the SOFR interest through an interest swap, that was designated to hedge an accounting cash flow with the weighted interest of approximately 3.37%. As part of the Keenan Financing Agreement, collateral and pledges on the project’s assets held by CPV Keenan were provided in favor of the lenders. The Keenan Financing Agreement includes a number of restrictions, such as compliance with a minimum debt service coverage ratio of 1.15 during the 4 quarters that preceded the distribution, and a condition whereby no grounds for repayment or breach event exists (as defined in the financing agreement). The Keenan Financing Agreement includes grounds for calling for immediate repayment as customary in agreements of this type, including, among others – breach of representations and covenants that have a material adverse effect, non-payment events, non-compliance with certain obligations, various insolvency events, termination of the activities of the project or termination of significant parties in the project (as defined in the agreement), occurrence of certain events relating to the regulatory status of the project and maintaining of government approvals, certain changes in the project’s ownership, certain events in connection with the project, existence of legal proceedings relating to the project, and a situation wherein the project is not entitled to receive payments for electricity – all in accordance with and subject to the terms and conditions, definitions and cure periods detailed in the financing agreement. F. Mountain On April 6, 2023, a CPV Group and a banking corporation entered into a financing agreement that includes: (1) a term loan of $75 million that was used to fund part of the purchase consideration of the Mountain Wind Project (hereinafter - the “Loan”); and (2) ancillary credit facilities for working capital of $17 million for the current credit needs of the Mountain Wind Project (hereinafter jointly with the Loan - the “Credit Facilities”). The Loan and Credit Facilities was pledged on the assets of the Mountain Wind Project and its rights and has a term of 5 years. The Loan bears annual interest of SOFR plus a fixed margin and a variable margin of between 1.63% and 1.75% over the term of the loan, of which the interest will be paid at least every quarter. CPV Group hedged the exposure to changes in variable SOFR interest by entering into an interest rate swap in respect of 75% of the balance of the Loan and opted to apply cash flow hedge accounting rules. The weighted interest as of the report date is approximately 5.4%. G. Financing Agreement On August 24, 2023, certain entities in CPV group have entered into a financing agreement of $370 million for the purpose of financing the construction and initial operating period of qualifying projects in the field of renewable energy in the United States, of which a total of approximately $59 million were withdrawn by CPV Group as at December 31, 2023. Subsequent to the reporting period, an additional drawdown of approximately $93 million were withdrawn by CPV Group. CPV Group hedged the exposure to changes in variable SOFR interest by entering into an interest rate swap in respect of 75% of the balance of the loan and opted to apply cash flow hedge accounting rules. H. OPC Power – Shareholder Loans During the reporting period, OPC and non-controlling interests invested in the equity of the partnership OPC Power (both directly and indirectly) a total of approximately NIS 565 million (approximately $150 million) and extended by approximately NIS 175 million (approximately $45 million) in loans, based on their stake in the partnership. The loans are denominated in US Dollars and bear an annual interest rate of 7%. The loan principal will be repayable at any time as will be agreed on between the parties, but no later than January 2028. After utilizing the entire investment commitment and shareholder loans in July 2023, the facility was increased by $100 million (OPC’s share in the facility is $70 million). 2. Debentures A. Series B Debentures In April 2020, OPC issued debentures (Series B) with a par value of NIS 400 million (approximately $113 million), which were listed on the TASE. As a result, approximately $111 million representing the par value, net of issuance cost is recognized as debentures. The debentures are linked to the Israeli consumer price index and bear annual interest at the rate of 2.75%. The principal and interest of the debentures (Series B) are repayable every six months, commencing on March 31, 2021 (on March 31 and September 30 of every calendar year) through September 30, 2028. In October 2020, OPC issued additional Series B debentures of par value NIS 556 million (approximately $162 million) (the “Expansion of Series B”). The gross proceeds of the issuance amount to approximately NIS 584 million (approximately $171 million) and the issuance costs were approximately NIS 7 million (approximately $2 million). A trust certificate was signed between OPC and Reznik Paz Nevo Trusts Ltd. in April 2020, which details customary grounds for calling the debentures for immediate repayment (subject to cure periods), including insolvency events, liquidation proceedings, receivership, a stay of proceedings and creditors’ arrangements, certain structural changes, a significant worsening in OPC’s financial position, etc. The trust certificate also includes a commitment of OPC to comply with certain financial covenants and restrictions. On December 31, 2023, OPC meets the said financial covenants. B. Series C Debentures In September 2021, OPC issued Series C debentures at a par value of NIS 851 million (approximately $266 million), with the proceeds designated primarily for the early repayment of OPC Rotem’s financing (refer to Note 15.1.B). The debentures are listed on the TASE, are not CPI-linked and bear annual interest of 2.5%. The debentures shall be repaid in twelve semi-annual and unequal installments (on February 28 and August 31) as set out in the amortization schedule, starting on February 28, 2024 through August 31, 2030 (the first interest payment is due on February 28, 2022). The issuance expenses amounted to about NIS 9 million (approximately $3 million). OPC is required to comply with certain financial covenants and restrictions. On December 31, 2023, OPC meets the said financial covenants.

Trade and Other Payables

Trade and Other Payables	12 Months Ended
	Dec. 31, 2023
Trade and other current payables [abstract]
Trade and Other Payables	Note 16 – Trade and Other Payables As at December 31, 2023 2022 $ Thousands Trade Payables 70,661 95,036 Liability to tax equity partner (1) 74,466 - Accrued expenses and other payables 8,256 10,833 Government institutions 1,204 2,083 Employees and payroll institutions 14,573 14,491 Interest payable 4,984 4,472 Others 7,754 6,500 181,898 133,415 1. See Note 18.A.4.d for more information. Other non-current liabilities include approximately $79 million deferred income in respect to ITC grant. Refer to Note 18.A.4.d for more information.

Right-Of-Use Assets, Net, Lease

Right-Of-Use Assets, Net, Lease Liabilities and Long-term Deferred Expenses	12 Months Ended
	Dec. 31, 2023
Disclosure of quantitative information about leases for lessee [abstract]
Right-Of-Use Assets, Net, Lease Liabilities and Long-term Deferred Expenses	Note 17 – Right-Of-Use Assets, Net, Lease Liabilities and Long-term Deferred Expenses A) The Group leases the following items: i) Land In Israel, the leases are typically entered into with government institutions for the construction and operation of OPC Power Plants’s power plants. They typically run for a period of more than 20 years, with an option for renewal. In the United States, the leases are typically entered into with private companies or individuals for the development, construction and operation of the CPV Group’s power plants. ii) OPC gas transmission infrastructure The lease for the gas Pressure Regulation and Measurement Station (“PRMS”) relates to the facility at OPC Hadera’s power plant. For further details, please refer to Note 18.B. iii) Offices The leases range from 3 to 9 years, with options to extend. iv) Low-value items The total for low-value items on short-term leases are not material. Accordingly, the Group has not recognized right-of-use assets and lease liabilities for these leases. B) Right-of-use assets As at December 31, 2023 Balance at beginning of year Depreciation charge for the year Adjustments Balance at end of year $ Thousands Land 76,963 (3,770 ) 18,300 91,493 PRMS facility 13,977 (1,209 ) 1,766 14,534 Offices 8,353 (2,538 ) 5,135 10,950 Long-term deferred expenses 27,491 (1,246 ) 31,293 57,538 126,784 (8,763 ) 56,494 174,515 As at December 31, 2022 Balance at beginning of year Depreciation charge for the year Adjustments Balance at end of year $ Thousands Land 81,355 (3,484 ) (908 ) 76,963 PRMS facility 6,239 (660 ) 8,398 13,977 Offices 10,282 (2,142 ) 213 8,353 Long-term deferred expenses 33,459 (1,129 ) (4,839 ) 27,491 * 131,335 (7,415 ) 2,864 126,784 * * Reclassified C) Amounts recognized in the consolidated statements of profit & loss and cash flows As at December 31, As at December 31, 2023 2022 $ Thousands $ Thousands Interest expenses in respect of lease liability 689 572 Total cash outflow for leases 2,692 2,572 D) Land lease agreements i) Lease of OPC Tzomet land In January 2020, Israel Lands Authority (“ILA”) approved allotment of an area measuring about 8.5 hectares for the construction of the Tzomet Power Plant (hereinafter in this Section – the “Land”). ILA signed a development agreement with Kibbutz Netiv Halamed Heh (hereinafter – the “Kibbutz”) in connection with the Land, which is valid up to November 5, 2024 (hereinafter – the “Development Agreement”), which after fulfilment of its conditions a lease agreement will be signed for a period of 24 years and 11 months from approval of the transaction, i.e. up to November 4, 2044. Tzomet Netiv Limited Partnership (“Joint Company’) own the rights in the Land, and the composition is as follows i) General Partner of the Tzomet Netiv Limited Partnership holds 1%, in which the Kibbutz and OPC Tzomet hold 26% and 74% respectively, ii) Limited partners hold 99%, where the Kibbutz (26%) and OPC Tzomet (73%) hold rights as limited partners. In February 2020, an updated lease agreement was also signed whereby the Joint Company, as the owner of the Land, will lease the Land to OPC Tzomet, for the benefit of the project. In January 2020, a financial specification was received from ILA in respect of the capitalization fees, whereby value of the Land (not including development expenses) of about NIS 207 million (approximately $60 million) (not including VAT) was set (hereinafter – “the Initial Assessment”). OPC Tzomet, on behalf of the Joint Company, arranged payment of the Initial Assessment in January 2020 at the rate of 75% of amount of the Initial Assessment and provided through OPC, the balance, at the rate of 25% as a bank guarantee in favor of ILA. In January 2021, a final assessment was received from ILA where the value of the usage fees in the land for a period of 25 years, to construct a power plant with a capacity of 396 MW was NIS 200 million (approximately $62 million) (the “Final Assessment”). In March 2021, a reimbursement of NIS 7 million (approximately $2 million), which included linkage differences and interest in respect of the difference between capitalized fees paid and the Final Assessment amount, was received. In addition, the bank guarantee was also reduced by the amount of 25 In January 2023, a decision was made regarding the initial appeal, whereby the amount of the Final Assessment was reduced to NIS 154 million (approximately $44 million), excluding VAT. OPC Tzomet filed an appeal on the said decision. As of December 31, 2023, the amounts paid in respect of the land, including the amount of the Final Assessment was classified in the consolidated statement of financial position under “Right of use assets, net” which amounted to approximately NIS 200 million (approximately $55 million). ii) Purchase of leasehold rights in land On May 10, 2023, OPC (through OPC Power Plants Ltd.) won the tender issued by Israel Lands Administration (hereinafter - “ILA”) for planning and an option to purchase leasehold rights in land for the construction of renewable energy electricity generation facilities using photovoltaic technology in combination with storage in relation to three compounds in the Neot Hovav Industrial Local Council, with a total area of approximately 227 hectares. The amount of total bid submitted by OPC for all three compounds, in aggregate, was approximately NIS 484 million (approximately $133 million). Upon notice by the ILA, a planning authorization agreement will be signed between the winning bidder and the ILA for a period of 3 years. In August 2023, consideration equivalent to 20% of the bid amount for each compound was paid. Upon authorizing a new outline plan, a lease agreement will be signed for a period of 24 years and 11 months, to construct and operate the project(s), of which consideration of the remaining 80% of the bid amount per compound will be set against. As of the approval date of the report, it is uncertain that approvals, consents, or actions required for the completion of the project(s) will be completed with respect to any of the compounds. iii) Backbone lease of land In 2023, an agreement for the lease of land for the Backbone project was entered into force. The term of the agreement is 37 years, with an option to extend the term by five further periods of seven years each. Lease liability and right-of-use asset of NIS 122 million (approximately $33 million) were recognized.

Contingent Liabilities and Comm

Contingent Liabilities and Commitments	12 Months Ended
	Dec. 31, 2023
Disclosure of contingent liabilities, commitments and concessions [Abstract]
Contingent Liabilities and Commitments	Note 18 – Contingent Liabilities and Commitments A. Contingent Liabilities 1. OPC Rotem Power Purchase Agreement In 2014 (commencing in August), letters were exchanged between OPC Rotem and IEC regarding the tariff to be paid by OPC Rotem to IEC in respect of electricity that it had purchased from the electric grid, in connection with sale of electricity to private customers, where the electricity generation in the power plant was insufficient to meet the electricity needs of such customers. It is OPC Rotem’s position that the applicable tariff is the “ex-post” tariff, whereas according to IEC in the aforesaid exchange of letters, the applicable tariff is the TAOZ tariff, and based on part of the correspondences even a tariff that is 25% higher than the TAOZ tariff (and some of the correspondences also raise allegations of default of the PPA with IEC). In order to avoid a specific dispute, Rotem paid IEC the TAOZ tariff for the aforesaid purchase of electricity and commencing from that date, it pays IEC the TAOZ tariff on the purchase of electricity from IEC for sale to private customers. IEC raised contentions regarding past accountings in respect of the acquisition cost of energy for OPC Rotem’s customers in a case of a load reduction of the plant by the System Operator, and collection differences due to non-transfer of meter data in the years 2013 through 2015. In addition, IEC stated its position with respect to additional matters in the arrangement between the parties relating to the acquisition price of surplus energy and the acquisition cost of energy by OPC Rotem during performance of tests. OPC Rotem’s position regarding the matters referred to by IEC, based on its legal advisors, is different and talks are being held between the parties. In March 2022, OPC Rotem and the IEC signed a settlement agreement regarding past accounting in respect of the acquisition cost of energy for OPC Rotem’s customers in a case of a load reduction of the plant by Noga, and collection differences due to non-transfer of meter data between 2013 and 2015. As part of the settlement, OPC Rotem paid a total of approximately $2 million (approximately NIS 5.5 million) to the IEC. Subsequent to this, the System Operator contacted OPC Rotem with a claim that OPC Rotem had transmitted excess energy without coordinating the transmission with the System Operator, to which OPC Rotem disputes the claim. As of December 31, 2023, in OPC Rotem’s estimation, it is more likely than not that OPC Rotem will not pay any additional amounts in respect of the period ended December 31, 2023. Therefore, no provision was included in the financial statements. 2. Construction agreements a. OPC Hadera In January 2016, an agreement was signed between OPC Hadera and SerIDOM Servicios Integrados IDOM, S.A.U (“IDOM”), for the design, engineering, procurement and construction of a cogeneration power plant, in consideration of about approximately $185 million (approximately NIS 639 million) (as amended several times as part of change orders, including an amendment made in 2019 and described below), which is payable on the basis of the progress of the construction and compliance with milestones (hereinafter – “the Hadera Construction Agreement”). IDOM has provided bank guarantees and a corporate guarantee of its parent company to secure the said obligations, and OPC has provided a corporate guarantee to IDOM, in the amount of $10.5 million, to secure part of OPC Hadera’s liabilities. In addition, as part of an addendum to OPC Hadera’s construction agreement which was signed in October 2018, the parties agreed to waiver of past claims up to the signing date of the addendum. In accordance with the construction agreement, OPC Hadera is entitled to certain compensation from IDOM in respect of the delay in completion of the construction of the Hadera Power Plant or compensation (limited to the amount of the limit set in the Agreement) in the event of failure to comply with the terms set out in the Agreement with regard to the Power Plant performance. The said compensation is capped by the amounts specified in the construction agreement, and up to an aggregate of $36 million. According to the Construction Agreement, OPC Hadera has a contractual right to deduct any amount due to it under the Construction Agreement, including for the foregoing compensation, from any amounts that it owes to the construction contractor. In 2022, OPC Hadera deducted a total of $14 million from amounts payable to the construction contractor in respect of the final milestones. In December 2023, Hadera and the Construction Contractor signed a settlement agreement, according to which, among other things, in exchange for the withdrawal from, and full and final settlement of, the parties' claims in connection with the disputes between Hadera and the Construction Contractor that are the subject of the arbitration proceeding, the Contractor will pay Hadera compensation in the amount of approx. NIS 74 million (approximately $21 million) (hereinafter - the "Compensation Amount"). It is clarified that the Compensation Amount includes the amounts offset by Hadera for the Construction Contractor totaling approximately $14 million, as mentioned above, such that the net balance of the Compensation Amount is approximately NIS 25 million (approximately $7 million). In addition, following the payment of the remaining Compensation Amount, the contractor's guarantees were released in accordance with the terms and conditions stipulated in the settlement agreement, and the Construction Contractor is entitled to a final acceptance certificate of the power plant under the construction agreement. Upon the signing of the settlement agreement, the arbitration proceeding between the parties also concluded. As a result of the signing of the settlement agreement with the Construction Contractor, as of December 31, 2023, Hadera recognized in its statement of income approximately NIS 41 million (approximately $11 million) income before tax and the remaining of approximately NIS 33 million (approximately $9 million) against property, plant and equipment. b. OPC Tzomet In September 2018, OPC Tzomet signed a planning, procurement and construction agreement (hereinafter – “the Agreement”) with PW Power Systems LLC (hereinafter – “Construction Contractor” or “PWPS”), for construction of the Tzomet project. The Agreement is a “lump sum turnkey” agreement wherein the Tzomet Construction Contractor committed to construct the Tzomet project in accordance with the technical and engineering specifications determined and includes various undertakings of the contractor. In OPC Tzomet’s estimation, based on the work specifications, the aggregate consideration that will be paid in the framework of the Agreement is about $300 million, and it will be paid based on the milestones provided. Pursuant to the Agreement, the Tzomet Construction Contractor undertook to complete the construction work of the Tzomet project, including the acceptance tests by January 2023. The commercial operation period of OPC Tzomet Power Plant commenced on June 22, 2023. It is noted that, according to the Construction Contractor, the continuity of construction work was affected, inter alia, by the COVID-19 Crisis, in light of the need for equipment and foreign work teams to arrive, and by delays in the global supply chains of components and equipment required for the project. As of December 31, 2023, OPC Tzomet is holding discussions with the Construction Contractor. c. OPC Sorek 2 In May 2020, OPC Sorek 2 signed an agreement with SMS IDE Ltd., which won a tender of the State of Israel for construction, operation, maintenance and transfer of a seawater desalination facility on the “Sorek B” site (the “Sorek B Desalination Facility”), where OPC Sorek 2 will construct, operate and maintain an energy generation facility (“Sorek B Generation Facility”) with a generation capacity of about 87 MW on the premises of the Sorek 2 Desalination Facility, and will supply the energy required for the Sorek B Desalination Facility for a period of 25 years after the operation date of the Sorek B Desalination Facility. At the end of the aforesaid period, ownership of the Sorek B Generation Facility will be transferred to the State of Israel. OPC undertook to construct the Sorek B Generation Facility within 24 months from the date of approval of the National Infrastructure Plan (approved in November 2021), and to supply energy at a specific scope of capacity to the Sorek B Desalination Facility. OPC Sorek 2’s share of the amount payable to the construction contractor is estimated at approximately $42 million. The construction agreement includes provisions of capped agreed compensation in respect of delays, non-compliance with execution and availability requirements. The agreement also sets the scope of liability and requirements for provision of guarantees in the different stages of the project. As a result of the outbreak of the War, Construction Contractor served OPC Sorek 2 with a force majeure notice and OPC Sorek 2 served on its behalf a force majeure notice to IDE. 3. Agreements for the acquisition of natural gas a. OPC Rotem and OPC Hadera OPC Rotem and OPC Hadera has an agreement with Tamar Group in connection to the supply of natural gas to the power plants. Both OPC Rotem and OPC Hadera undertook to continue to consume all the gas required for its power plants from Tamar Group (including quantities exceeding the minimum quantities) up to the completion date of the commissioning of the Karish Reservoir, except for a limited consumption of gas during the commissioning period of the Karish Reservoir. In December 2017, OPC Rotem, OPC Hadera, Israel Chemicals Ltd. and Bazan Ltd., engaged in agreements with Energean Israel Ltd. (hereinafter – “Energean”), which has holdings in the Karish Reservoir, for the purchase natural gas. In 2020, Energean notified OPC that “force majeure” events happened during the year, in accordance with the clauses pursuant to the agreements, and that the flow of the first gas from the Karish reservoir is expected to take place during the second half of 2021. OPC rejected the contentions that a “force majeure” event is involved. Due to the delay in supply of the gas from the Karish Reservoir, OPC Rotem and OPC Hadera will be required to acquire the quantity of gas it had planned to acquire from Energean for purposes of operation of the power plants at present gas prices, which is higher than the price stipulated in the Energean agreement. The delays in the commercial operation date of Energean, and in turn, a delay in supply of the gas from the Karish Reservoir, will have an unfavorable impact on OPC’s profits. In the agreements with Energean, compensation for delays had been provided, the amount of which depends on the reasons for the delay, where the limit with respect to the compensation in a case where the damages caused is “force majeure” is lower. It is noted that the damages that will be caused to OPC stemming from a delay could exceed the amount of the said compensation. In 2021, OPC Rotem and OPC Hadera received reduced compensation of approximately $3 million (approximately NIS 9 million) and approximately $2 million (approximately NIS 7 million), respectively. In May 2022, an amendment to the Energean Agreements was signed, which set out, among other things, arrangements pertaining to bringing forward the reduction of the quantities of gas supplied by OPC Rotem and OPC Hadera. Energean issued OPC Hadera with a notice regarding the completion of the commissioning in relation to the OPC Hadera agreement and OPC Rotem agreement on February 28, 2023 and March 25, 2023 respectively. On March 26, 2023, Energean issued OPC Rotem with a notice in relation to commencement of commercial operation. OPC Rotem and OPC Hadera recognized contractual financial amount in respect of a netting arrangement by bringing forward of the reduction notice. The total amount of NIS 18 million (approximately $5 million) was offset from cost of goods sold. 4. Other contingent liabilities a. Bazan electricity purchase claim In November 2017, a request was filed with the Tel Aviv-Jaffa District Court to approve a derivative claim on behalf of Bazan. The request is based on the petitioner's contention that the undertaking in the electricity purchase transaction between Bazan and OPC Rotem is an extraordinary interested party transaction that did not receive the approval of the general assembly of Bazan shareholders on the relevant dates. The respondents to the request include Bazan, OPC Rotem, the Israel Corporation Ltd. and the members of Bazan's Board of Directors at the time of entering into the electricity purchase transaction. The requested remedies include remedies such as an injunction and financial remedies. In July 2018, OPC Rotem submitted its response to the request. Bazan’s request for summary judgement was denied. Negotiations are being held for entering into a compromise agreement that will settle a lawsuit against Rotem and others, which was filed in July 2022. In February 2023 the court handed down a judgment that approved the settlement agreement and OPC Rotem paid NIS 2 million (approximately $523 thousand), representing its share as set out in the settlement agreement. b. Oil Refineries Ltd. (now known as “Bazan”) gas purchase claim In January 2018, a request was filed with the Tel Aviv-Jaffa District Court to approve a derivative claim by a shareholder of Bazan against former and current directors of Bazan, Israel Chemicals Ltd., OPC Rotem, OPC Hadera and IC (collectively the "Group Companies"), over: (1) a transaction of the Group Companies for the purchase of natural gas from Tamar Partners, (2) transactions of the Group Companies for the purchase of natural gas from Energean Israel Ltd. (“Energean”) and (3) transaction for sale of surplus gas to Bazan. In August 2018, the Group Companies submitted their response to the claim filed. OPC rejected the contentions appearing in the claim and requested summary dismissal of the claim. Evidentiary hearings were held in the second half of 2021, after which summations were submitted in November 2022. In November 2023, the Court dismissed the entire motion. c. Inkia Energy Limited (liquidated in 2019) In December 2017, Kenon, through its wholly-owned subsidiary Inkia Energy Limited (“Inkia”), sold its Latin American and Caribbean power business to an infrastructure private equity firm, I Squared Capital (“ISQ”). Inkia agreed to indemnify the buyer and its successors, permitted assigns, and affiliates against certain losses arising from a breach of Inkia’s representations and warranties and certain tax matters, subject to certain time and monetary limits depending on the particular indemnity obligation. These indemnification obligations were supported by (a) a three-year pledge of shares of OPC which represented 25% of OPC’s outstanding shares, (b) a deferral of $175 million of the sale price in the form of a four-year $175 million Deferred Payment Agreement, accruing interest at 8% per year and payable in-kind, and (c) a three-year corporate guarantee from Kenon for all of the Inkia’s indemnification obligations, all of the foregoing periods running from the closing date of December 31, 2017. In December 2018, the indemnification commitment was assigned by Inkia to a fellow wholly owned subsidiary of Kenon. In October 2020, as part of an early repayment of the deferred payment agreement where Kenon received $218 million ($188 million net of taxes), Kenon agreed to increase the number of OPC shares pledged to the buyer of the Inkia business to 55,000,000 shares and to extend the pledge of OPC shares and the corporate guarantee from Kenon for all of Inkia’s indemnification obligations until December 31, 2021. In March 2022, 53,500,000 shares were released from pledge, and 1,500,000 shares of OPC remain pledged in light of an indemnity claim relating to a tax assessment claim in the amount of $11 million. In August 2023, all of OPC shares that were previously pledged as part of the Inkia sale were released as part of a settlement agreement. d. Tax equity partner agreement in Maple Hill On May 12, 2023, CPV Group entered into an investment agreement with a tax equity partner totaling approximately $82 million in the Maple Hill project (hereinafter - the “Project”). Pursuant to the Agreement, the tax equity partner’s investment in the Project shall be provided in part (20%) on the date of completion of the construction works (Mechanical Completion) and the remainder (80%) on the Commercial Operation Date In consideration for its investment in the project corporation, the tax equity partner is expected to receive most of the project’s tax benefits, including Investment Tax Credit (“ITC”) at a higher rate of 40%, and participation in the distributable free cash flow from the project. In addition, the tax equity partner is entitled to participate in the project's loss for tax purposes. In December 2023, the terms and conditions for the commercial operation of the project were fully met in accordance with the tax equity investment agreement in the project, and the tax equity partner completed its entire investment in the project. Immediately prior to the completion of the advancement of the tax equity partner’s investment, CPV Group and a third party entered into an agreement for the sale of the ITC grant in consideration for approximately $75 million, which constitute approximately 95% of its nominal value. As of December 31, 2023, CPV Group recognized the sale amount under “other current assets” financial caption, and an undertaking to transfer the sale amount to the tax equity partner under “trade and other payables” financial caption. B. Commitments a. OPC Power Plants OPC entered into long-term service maintenance contracts for its operating power plants. The number of maintenance hours and price are specified in the agreements. OPC entered into long-term infrastructure contracts with Israel National Gas Lines Ltd. (“INGL”) for use of PRMS at its operating power plants. The price is specified in the agreements. OPC entered into long-term PPAs with its customers (of which some included construction of generation facilities) for sale of electricity and gas. The supply quantity, period and pricing are specified in the agreements. OPC has also entered into long-term PPAs with its suppliers for purchase of electricity and gas. The minimum purchase quantity, period and pricing are specified in the agreements. OPC entered into long-term construction agreements for constructing its power plants. The price, technical and engineering specifications, and work milestones are specified in the agreements. For more information relating to the construction of the Tzomet power plant, refer to 18.A.2.b. b. CPV Group In June 2023, CPV Group entered into an Engineering, Procurement and Construction ("EPC”) agreement with a construction contractor in respect of the Backbone project. As of the approval date of the financial statements, the total consideration in the EPC agreement was set at a fixed amount of NIS 650 million (approximately $175 million), which will be paid in accordance with the milestones set in the EPC agreement.

Share Capital and Reserves

Share Capital and Reserves	12 Months Ended
	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
Share Capital and Reserves	Note 19 – Share Capital and Reserves A. Share Capital Company No. of shares ('000) 2023 2022 Authorised and in issue at January, 1 53,887 53,879 Share repurchase and cancelled (1,128 ) - Issued for share plan 7 8 Authorised and in issue at December. 31 52,766 53,887 All shares rank equally with regard to the Company’s residual assets. The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company. All issued shares are fully paid with no par value. The capital structure of the Company comprises of issued capital and accumulated profits and the capital structure is managed to ensure that the Company will be able to continue to operate as a going concern. The Company is not subjected to externally imposed capital requirements. In 2023, 7,259 (2022: 8,037) ordinary shares were granted under the Share Incentive Plan to key management at an average price of $31.62 (2022: $47.22) per share. B. Translation reserve The translation reserve includes all the foreign currency differences stemming from translation of financial statements of foreign activities as well as from translation of items defined as investments in foreign activities commencing from January 1, 2007 (the date IC first adopted IFRS). C. Capital reserves The capital reserve reflects the portion of the gain or loss on the hedging instrument that is determined to be an effective hedge (i.e. the portion that is offset by the change in the cash flow hedge reserve). D. Dividends In April 2021, Kenon’s board of directors approved a cash dividend of $1.86 per share (an aggregate amount of approximately $100 million), to Kenon’s shareholders of record as of the close of trading on April 29, 2021, paid on May 6, 2021. In November 2021, Kenon’s board of directors approved a cash dividend of $3.50 per share (an aggregate amount of approximately $189 million), to Kenon’s shareholders of record as of the close of trading on January 19, 2022, paid on January 27, 2022. In March 2023, Kenon’s board of directors approved a cash dividend of $2.79 per share (an aggregate amount of approximately $150 million), payable to Kenon’s shareholders of record as of the close of trading on April 10, 2023, paid on April 19, 2023. E. Kenon's share plan Kenon has established a Share Incentive Plan for its directors and management. The plan provides grants of Kenon shares, as well as stock options in respect of Kenon’s shares, to directors and officers of the Company pursuant to awards, which may be granted by Kenon from time to time, representing up to 3% of the total issued shares (excluding treasury shares) of Kenon. During 2023, 2022 and 2021, Kenon granted awards of shares to certain members of its management. Such shares are vested upon the satisfaction of certain conditions, including the recipient’s continued employment in a specified capacity and Kenon’s listing on each of the NYSE and the TASE. The fair value of the shares granted in 2023 is $229 thousand (2022: $267 thousand, 2021: $234 thousand) and was determined based on the fair value of Kenon’s shares on the grant date. Kenon recognized $296 thousand as general and administrative expenses in 2023 (2022: $292 thousand, 2021: $258 thousand). F. Capital reduction In May 2022 and June 2022, Kenon received shareholder approval at its annual general meeting and approval of the High Court of the Republic of Singapore, respectively, for a capital reduction to return share capital amounting to $10.25 per share ($552 million in total) to Kenon’s shareholders of record as of the close of trading on June 27, 2022, paid on July 5, 2022. G. Share repurchase plan In 2023, the Company repurchased approximately 1.1 million of its own shares out of accumulated profit for approximately $28 million under the ongoing share repurchase plan. These shares were cancelled during the year ended December 31, 2023.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Disclosure of Revenue [Abstract]
Revenue	Note 20 – Revenue For the Year Ended December 31, 2023 2022 2021 $ Thousands Revenue from sale of electricity and infrastructure services in Israel 593,941 486,680 419,395 Revenue from sale of electricity in US 36,959 25,780 25,605 Revenue from sale of steam in Israel 16,006 18,476 17,648 Revenue from provision of services and other revenue in US 36,007 31,509 25,115 Other revenue in Israel 8,883 11,512 - 691,796 573,957 487,763

Cost of Sales and Services (exc

Cost of Sales and Services (excluding Depreciation and Amortization)	12 Months Ended
	Dec. 31, 2023
Disclosure of cost of sales and services [Abstract]
Cost of Sales and Services (excluding Depreciation and Amortization)	Note 21 – Cost of Sales and Services (excluding Depreciation and Amortization) For the Year Ended December 31, 2023 2022 2021 $ Thousands Fuels 178,663 155,760 153,122 Electricity and infrastructure services 130,199 93,804 92,086 Salaries and related expenses 10,033 9,661 8,259 Generation and operating expenses and outsourcing 82,166 88,055 31,729 Insurance 11,040 9,440 9,997 Cost in respect of sale of renewable energy 13,455 8,757 7,988 Cost in respect of provision of services revenue and other costs 27,683 23,856 16,499 Others 41,073 27,928 16,618 494,312 417,261 336,298

Selling, General and Administra

Selling, General and Administrative Expenses	12 Months Ended
	Dec. 31, 2023
Disclosure Of Selling General And Administrative Expenses Abstract
Selling, General and Administrative Expenses	Note 22 – Selling, General and Administrative Expenses For the Year Ended December 31, 2023 2022 2021 $ Thousands Payroll and related expenses (1) 26,877 46,660 41,930 Depreciation and amortization 4,212 3,259 2,623 Professional fees 18,190 15,798 16,069 Business development expenses 15,607 15,186 1,566 Expenses in respect of acquisition of CPV Group - - 752 Office maintenance 6,524 4,581 3,022 Other expenses 13,305 14,452 9,765 84,715 99,936 75,727 (1) A portion of this relates to profit sharing for CPV Group employees The fair value of the CPV Group’s Profit-Sharing Plan is recognized as an expense, against a corresponding increase in liability, over the period in which the unconditional right to payment is achieved. The liability is remeasured at each reporting date until the settlement date. Any change in the fair value of the liability is recognized in the consolidated statements of profit and loss. In 2023, the CPV Group recorded expenses in the amount of approximately NIS 89 million (approximately $24 million) (2022: NIS 46 million (approximately $13 million)).

Financing Expenses, Net

Financing Expenses, Net	12 Months Ended
	Dec. 31, 2023
Disclosure of financing income (expenses), net [Abstract]
Financing Expenses, Net	Note 23 – Financing Expenses, Net For the Year Ended December 31, 2023 2022 2021 $ Thousands Interest income from bank deposits 36,754 12,108 167 Amount reclassified to consolidated statements of profit & loss from capital reserve in respect of cash flow hedges 6 4,125 2,121 Net change in exchange rates 700 28,453 - Net change in fair value of derivative financial instruments - - 443 Net change in the fair value of financial assets held for trade and available for sale 422 - - Other income 1,479 - 203 Financing income 39,361 44,686 2,934 Interest expenses to banks and others (52,306 ) (47,542 ) (51,924 ) Amount reclassified to consolidated statements of profit & loss from capital reserve in respect of cash flow hedges (1,563 ) - - Impairment loss on debt securities at FVOCI (642 ) (732 ) - Net change in fair value of financial assets held for trade - (45 ) - Net change in exchange rates - - (5,997 ) Net change in fair value of derivative financial instruments - (291 ) - Early repayment fee (Note 15.B, Note 15.E) - - (84,196 ) Other expenses (11,822 ) (1,787 ) (2,178 ) Financing expenses (66,333 ) (50,397 ) (144,295 ) Net financing expenses (26,972 ) (5,711 ) (141,361 )

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Disclosure of income taxes [Abstract]
Income Taxes	Note 24 – Income Taxes A. Components of the Income Taxes For the Year Ended December 31, 2023 2022 2021 $ Thousands Current taxes on income In respect of current year 11,049 39,559 6,892 Deferred tax expense/(income) Creation and reversal of temporary differences 14,150 (1,579 ) (2,567 ) Total tax expense on income 25,199 37,980 4,325 No previously unrecognized tax benefits were used in 2023, 2022 or 2021 to reduce our current tax expense. B. Reconciliation between the theoretical tax expense (benefit) on the pre-tax income (loss) and the actual income tax expenses For the Year Ended December 31, 2023 2022 2021 $ Thousands (Loss)/Profit from continuing operations before income taxes (185,749 ) 387,639 879,642 Statutory tax rate 17.00 % 17.00 % 17.00 % Tax computed at the statutory tax rate (31,577 ) 65,899 149,539 (Decrease) increase in tax in respect of: Elimination of tax calculated in respect of the Group’s share in profit of associated companies 72,258 (45,464 ) (190,539 ) Different tax rate applicable to subsidiaries operating overseas 4,371 6,429 (9,297 ) Income subject to tax at a different tax rate 178 116 - Non-deductible expenses (2,826 ) 158,811 44,851 Exempt income (26,862 ) (164,822 ) (23,937 ) Taxes in respect of prior years 522 (739 ) (361 ) Tax in respect of foreign dividend 6,665 18,447 28,172 Share of non-controlling interests in entities transparent for tax purposes - (1,082 ) 5,528 Tax losses and other tax benefits for the period regarding which deferred taxes were not recorded 608 511 95 Other differences 1,862 (126 ) 274 Tax expense on income included in the statement of profit and loss 25,199 37,980 4,325 C. Deferred tax assets and liabilities 1. Deferred tax assets and liabilities recognized The deferred taxes are calculated based on the tax rate expected to apply at the time of the reversal as detailed below. Deferred taxes in respect of subsidiaries were calculated based on the tax rates relevant for each country. The deferred tax assets and liabilities are derived from the following items: Property plant and equipment Carryforward of losses and deductions for tax purposes Financial instruments Other* Total $ Thousands Balance of deferred tax (liability) asset as at January 1, 2022 (127,230 ) 112,342 1,260 (83,553 ) (97,181 ) Changes recorded on the statement of profit and loss (20,103 ) 8,116 (235 ) 13,801 1,579 Changes recorded in other comprehensive income - - (2,657 ) (4,439 ) (7,096 ) Translation differences 14,615 (4,370 ) (103 ) (147 ) 9,995 Balance of deferred tax (liability) asset as at December 31, 2022 (132,718 ) 116,088 (1,735 ) (74,338 ) (92,703 ) Changes recorded on the statement of profit and loss (9,626 ) 6,054 24 (10,601 ) (14,149 ) Changes recorded in other comprehensive income - - 354 2,851 3,205 Changes recorded from business combinations (18,468 ) - - - (18,468 ) Translation differences 3,313 (1,364 ) 7 (569 ) 1,387 Balance of deferred tax (liability) asset as at December 31, 2023 (157,499 ) 120,778 (1,350 ) (82,657 ) (120,728 ) * This amount includes deferred tax arising from intangibles, undistributed profits, non-monetary items, associated companies and trade receivables distribution. 2. The deferred taxes are presented in the statements of financial position as follows: As at December 31, 2023 2022 $ Thousands As part of non-current assets 15,862 6,382 As part of current liabilities - (1,285 ) As part of non-current liabilities (136,590 ) (97,800 ) (120,728 ) (92,703 ) Income tax rate in Israel is 23% for the years ended December 31, 2023, 2022 and 2021. The tax rate applicable to US companies are (i) federal corporate tax of 21% and (ii) state tax ranging from 4% to 11.5%. According to the provisions of the tax treaty between Israel and the United States, interest payments are subject to withholding tax of 17.5%, and dividend payments are subject to withholding tax of 12.5%. In Singapore, the corporate tax rate is 17%. Dividends received by Kenon from ZIM, an associated company incorporated in Israel, is subject to a withholding tax rate of 5%. On January 4, 2016, Amendment 216 to the Income Tax Ordinance (New Version) – 1961 (hereinafter – “the Ordinance”) was passed in the Knesset. As part of the amendment, OPC’s and Hadera’s income tax rate was reduced by 1.5% to a rate of 25% as from 2016. Furthermore, on December 22, 2016 the Knesset plenum passed the Economic Efficiency Law (Legislative Amendments for Achieving Budget Objectives in the Years 2017 and 2018) – 2016, by which, inter alia, the corporate tax rate would be reduced from 25% to 23% in two steps. The first step will be to a rate of 24% as from January 2017 and the second step will be to a rate of 23% as from January 2018. 3. Tax and deferred tax balances not recorded Unrecognized deferred tax assets As at December 31, 2023 2022 $ Thousands Losses for tax purposes 130,147 153,907 In Israel, as of December 31, 2023, the Group has tax loss carryforwards of approximately NIS 650 million (approximately $179 million). OPC did not recognize a deferred tax asset in respect of approximately NIS 150 million (approximately $41 million) in tax losses, since it does not expect that there will be an expected foreseeable taxable income against which the tax benefits can be utilized. In the United States, as of December 31, 2023, the Group has tax loss carryforwards of approximately $470 million at the federal level. In respect of net operating losses for tax purposes, the Group has tax losses of $89 million, which may be offset for tax purposes in the United States against future income, subject to complying with the conditions of the law, some of which are not under the OPC’s control and, therefore, OPC did not recognize deferred tax assets in respect thereof. These losses will expire in 2027-2037. Unrecognized deferred tax liabilities The tax effect on taxable temporary differences of $5 million (2022: $32 million) has not been recorded as this arises from undistributed profits of the Group’s associated companies which the Group does not expect to incur. 4. Safe harbor rules Singapore does not impose taxes on disposal gains, which are considered to be capital in nature, but imposes tax on income and gains of a trading nature. As such, whenever a gain is realized on the disposal of an asset, the practice of the Inland Revenue Authority of Singapore is to rely upon a set of commonly-applied rules in determining the question of capital (not taxable) or revenue (taxable). Under Singapore tax laws, any gains derived by a divesting company from its disposal of ordinary shares in an investee company between June 1, 2012 and December 31, 2027 are generally not taxable if, immediately prior to the date of such disposal, the divesting company has held at least 20% of the ordinary shares in the investee company for a continuous period of at least 24 months.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Earnings per Share	Note 25 – Earnings per Share Data used in calculation of the basic / diluted earnings per share A. (Loss)/Profit allocated to the holders of the ordinary shareholders For the year ended December 31, 2023 2022 2021 $ Thousands (Loss)/Profit for the year attributable to Kenon’s shareholders (235,978 ) 312,652 930,273 B. Number of ordinary shares For the year ended December 31 2023 2022 2021 Thousands Weighted Average number of shares used in calculation of basic/diluted earnings per share 53,360 53,885 53,879

Segment, Customer and Geographi

Segment, Customer and Geographic Information	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Segment, Customer and Geographic Information	Note 26 – Segment, Customer and Geographic Information Financial information of the reportable segments is set forth in the following tables: OPC Israel CPV Group ZIM Others Total $ Thousands 2023 Revenue 618,830 72,966 - - 691,796 Profit/(loss) before taxes 48,750 16,515 (266,906 ) 15,892 (185,749 ) Income tax expense (14,174 ) (4,136 ) - (6,889 ) (25,199 ) Profit/(loss) from continuing operations 34,576 12,379 (266,906 ) 9,003 (210,948 ) Depreciation and amortization 65,659 25,056 - 224 90,939 Financing income (6,038 ) (5,641 ) - (27,682 ) (39,361 ) Financing expenses 48,182 16,790 - 1,361 66,333 Other items: Losses related to ZIM - - 860 - 860 Share in profit of CPV excluding share of depreciation and amortization and financing expenses, net - 156,636 - - 156,636 Changes in net expenses, not in the ordinary course of - 4,878 - - 4,878 Share of changes in fair value of derivative financial instruments - (2,168 ) - - (2,168 ) Share in (profit)/loss of associated companies - (65,566 ) 266,046 - 200,480 107,803 129,985 266,906 (26,097 ) 478,597 Adjusted EBITDA 156,553 146,500 - (10,205 ) 292,848 Segment assets 1,673,149 1,102,939 - 629,196 3,405,284 Investments in associated companies - 703,156 - - 703,156 4,108,440 Segment liabilities 1,423,624 609,958 - 4,634 2,038,216 OPC Israel CPV Group ZIM Others Total $ Thousands 2022 Revenue 516,668 57,289 - - 573,957 Profit before taxes 23,728 61,039 305,376 (2,504 ) 387,639 Income tax expense (9,522 ) (9,892 ) - (18,566 ) (37,980 ) Profit/(loss) from continuing operations 14,206 51,147 305,376 (21,070 ) 349,659 Depreciation and amortization 47,134 15,519 - 223 62,876 Financing income (10,301 ) (25,197 ) - (9,188 ) (44,686 ) Financing expenses 42,062 7,521 - 814 50,397 Other items: Losses related to ZIM - - 727,650 - 727,650 Share in profit of CPV excluding share of depreciation and - 167,862 - - 167,862 Changes in net expenses, not in the ordinary course of - 2,978 - - 2,978 Share of changes in fair value of derivative financial instruments - 2,383 - - 2,383 Share in profit of associated companies - (85,149 ) (1,033,026 ) - (1,118,175 ) 78,895 85,917 (305,376 ) (8,151 ) (148,715 ) Adjusted EBITDA 102,623 146,956 - (10,655 ) 238,924 Segment assets 1,503,811 552,569 - 636,263 2,692,643 Investments in associated companies - 652,358 427,059 - 1,079,417 3,772,060 Segment liabilities 1,226,395 241,468 - 8,279 1,476,142 OPC Israel CPV Group ZIM Others Total $ Thousands 2021 Revenue 437,043 50,720 - - 487,763 (Loss)/profit before taxes (57,040 ) (60,709 ) 1,260,789 (263,398 ) 879,642 Income tax benefit/(expense) 10,155 13,696 - (28,176 ) (4,325 ) (Loss)/profit from continuing operations (46,885 ) (47,013 ) 1,260,789 (291,574 ) 875,317 Depreciation and amortization 44,296 13,102 - 242 57,640 Financing income (2,730 ) (37 ) - (167 ) (2,934 ) Financing expenses 119,392 24,640 - 263 144,295 Other items: Losses related to Qoros - - - 251,483 251,483 Losses related to ZIM - - 204 - 204 Share in profit of CPV excluding share of depreciation and - 105,668 - - 105,668 Changes in net expenses, not in the ordinary course of - 929 - - 929 Share of changes in fair value of derivative financial instruments - 44,901 - - 44,901 Share in losses/(profit) of associated companies 419 10,425 (1,260,993 ) - (1,250,149 ) 161,377 199,628 (1,260,789 ) 251,821 (647,963 ) Adjusted EBITDA 104,337 138,919 - (11,577 ) 231,679 Segment assets 1,481,149 431,474 - 226,337 2,138,960 Investments in associated companies - 545,242 1,354,212 - 1,899,454 4,038,414 Segment liabilities 1,324,217 218,004 - 215,907 1,758,128 A. Customer and Geographic Information Major customers Following is information on the total sales of the Group to material customers and the percentage of the Group’s total revenues (in $ Thousands): 2023 2022 2021 Customer Total revenues Percentage of revenues of the Group Total revenues Percentage of revenues of the Group Total revenues Percentage of revenues of the Group Customer 1 99,945 14.45 % 107,081 18.66 % 93,959 19.26 % Customer 2 79,000 11.42 % 73,518 12.81 % 70,801 14.52 % Customer 3 71,013 10.27 % - * - * - * - * * Represents an amount less than 10% of the revenues. Information based on geographic areas The Group’s geographic revenues are as follows: For the year ended December 31, 2023 2022 2021 $ Thousands Israel 618,830 516,668 437,043 United States 72,966 57,289 50,720 Total revenue 691,796 573,957 487,763 The Group’s non-current assets* based on geographic location: As at December 31, 2023 2022 $ Thousands Israel 1,290,652 1,050,386 United States 745,442 392,734 Others 15 96 Total non-current assets 2,036,109 1,443,216 * Composed of property, plant and equipment and intangible assets. Seasonality OPC’s activity in Israel is subject to seasonal fluctuations as a result of changes in the Electricity Authority’s published regulated Time of Use Electricity Tariff (hereinafter – "the TAOZ"). The year is divided into 3 seasons, as follows: Summer (July and August), Winter (December, January and February) and Transition (March through June and September through November). For each season a different tariff is set. The results of OPC are based on the generation component which is part of the TAOZ. OPC’s activity in the US (through the CPV Group) from generation of electricity are seasonal and are impacted by variable demand, gas and electricity prices, as well as the weather. In general, with respect to power plants running on natural gas, there is higher profitability in periods of the year where the temperatures are the highest or lowest, which are usually in summer and in winter, respectively. Similarly, the profitability of renewable energy production is subject to production volume, which varies based on wind and solar constructions, as well as its electricity price, which tends to be higher in winter, unless there is a fixed contractual price for the project.

Related-party Information

Related-party Information	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Related-party Information	Note 27 – Related-party Information A. Identity of related parties: The Group’s related parties include Kenon’s beneficial owners and Kenon’s subsidiaries, affiliates and associates companies. Kenon’s immediate holding company is Ansonia Holdings Singapore B.V. A discretionary trust, in which Mr. Idan Ofer is the ultimate beneficiary, indirectly holds 100% of Ansonia Holdings Singapore B.V. In the ordinary course of business, some of the Group’s subsidiaries and affiliates engage in business activities with each other. Ordinary course of business transactions are aggregated in this note. Other than disclosed elsewhere in the consolidated financial statements during the period, the Group engaged the following material related party transactions. Key management personnel of the Company are those persons having the authority and responsibility for planning, directing and controlling the activities of the Company. The directors, CEO and CFO are considered key management personnel of the Company. B. Transactions with directors and officers (Kenon's directors and officers): Key management personnel compensation For the year ended December 31, 2023 2022 $ Thousands Short-term benefits 2,316 2,229 Share-based payments 296 292 2,612 2,521 C. Transactions with related parties (including associates): For the year ended December 31, 2023 2022 2021 $ Thousands Sale of electricity and revenues from provision of services 31,694 94,264 88,004 Cost of sales (2,620 ) (658 ) 7,802 Dividend received from associate 154,672 727,309 143,964 Other expenses/(income), net 479 - (337 ) Financing (income)/expenses, net (4,130 ) 580 39,901 D. Balances with related parties (including associates): As at December 31, 2023 2022 Other related parties * $ Thousands Cash and cash equivalent 55,505 176,246 Short-term deposits and restricted cash - 35,662 Trade receivables and other receivables 33,668 15,421 Other payables (108 ) (535 ) Loans and Other Liabilities In US dollar or linked thereto (43,171 ) (34,524 ) * IC, Israel Chemicals Ltd (“ICL”), Oil Refineries Ltd (“Bazan”). These balances relate to amounts with entities that are related to Kenon's beneficial owners. E. For further investment by Kenon into OPC, see Note 11.A.7 and 11.A.8.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Financial Instruments	Note 28 – Financial Instruments A. General The Group has international activity in which it is exposed to credit, liquidity and market risks (including currency, interest, inflation and other price risks). In order to reduce the exposure to these risks, the Group holds derivative financial instruments, (including forward transactions, interest rate swap (“SWAP”) transactions, and options) for the purpose of economic (not accounting) hedging of foreign currency risks, inflation risks, commodity price risks, interest risks and risks relating to the price of inputs. This note presents information about the Group’s exposure to each of the above risks, and the Group’s objectives, policies and processes for measuring and managing the risk. The risk management of the Group companies is executed by them as part of the ongoing current management of the companies. The Group companies monitor the above risks on a regular basis. The hedge policies with respect to all the different types of exposures are discussed by the boards of directors of the companies. The comprehensive responsibility for establishing the base for the risk management of the Group and for supervising its implementation lies with the Board of Directors and the senior management of the Group. B. Credit risk Counterparty credit risk is the risk that the financial benefits of contracts with a specific counterparty will be lost if a counterparty defaults on their obligations under the contract. This includes any cash amounts owed to the Group by those counterparties, less any amounts owed to the counterparty by the Group where a legal right of set-offs exists and also includes the fair values of contracts with individual counterparties which are included in the financial statements. The maximum exposure to credit risk at each reporting date is the carrying value of each class of financial assets mentioned in this note. (1) Exposure to credit risk The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk as of year end was: As at December 31, 2023 2022 $ Thousands Carrying amount Cash and cash equivalents 696,838 535,171 Short-term and long-term deposits and restricted cash 16,769 61,136 Trade receivables and other assets 189,001 122,797 Short-term and long-term derivative instruments - 16,730 Other investments 215,797 344,780 1,118,405 1,080,614 Based on the credit risk profiles of the Group’s counterparties relating to the Group’s cash and cash equivalents, short-term and long-term deposits and restricted cash, trade receivables and other assets, short-term and long-term derivative instruments, the Group has assessed expected credit losses on the financial assets to be immaterial. The maximum exposure to credit risk for trade receivables as of year end, by geographic region was as follows: As at December 31, 2023 2022 $ Thousands Israel 55,865 67,177 United States 12,129 6,723 67,994 73,900 (2) Aging of debts Set forth below is an aging of the trade receivables: As at December 31 2023 2022 $ Thousands Not past due nor impaired 67,994 73,900 No ECL has been recorded on any trade receivable amounts based on historical credit loss data and the Group’s view of economic conditions over the expected lives of the receivables. Debt securities The following table provides information about the movement of ECL on other investments as of December 31, 2023: ECL on other investments 2023 2022 2021 $ Thousands Balance as at 1 January 732 - - Impairment loss on debt securities at FVOCI 642 732 - Balance as at 31 December 1,374 732 - C. Liquidity risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and adverse credit and market conditions, without incurring unacceptable losses or risking damage to the Group’s reputation. The Group manages its liquidity risk by means of holding cash balances, short-term deposits, other liquid financial assets and credit lines. Set forth below are the anticipated repayment dates of the financial liabilities, including an estimate of the interest payments. This disclosure does not include amounts regarding which there are offset agreements: As at December 31, 2023 Book value Projected cash flows Up to 1 year 1-2 years 2-5 years More than 5 years $ Thousands Non-derivative financial liabilities Trade payables 70,661 70,661 70,661 - - - Other current liabilities 84,656 84,656 84,656 - - - Lease liabilities including interest payable * 61,428 140,049 4,725 4,856 12,923 117,545 Debentures (including interest payable) * 511,030 559,419 65,669 68,921 313,293 111,536 Loans from banks and others including interest * 1,023,916 1,316,647 173,743 100,209 375,479 667,216 1,751,691 2,171,432 399,454 173,986 701,695 896,297 * Includes current portion of long-term liabilities. As at December 31, 2022 Book value Projected cash flows Up to 1 year 1-2 years 2-5 years More than 5 years $ Thousands Non-derivative financial liabilities Trade payables 95,036 95,036 95,036 - - - Other current liabilities 17,681 17,681 17,681 - - - Lease liabilities including interest payable * 37,570 46,938 17,812 2,855 6,756 19,515 Debentures (including interest payable) * 526,771 588,997 22,413 66,467 223,939 276,178 Loans from banks and others including interest * 640,348 793,946 44,142 74,438 172,343 503,023 1,317,406 1,542,598 197,084 143,760 403,038 798,716 * Includes current portion of long-term liabilities. D. Market risks Market risk is the risk that changes in market prices, such as foreign exchange rates, the CPI, interest rates and prices of capital products and instruments will affect the fair value of the future cash flows of a financial instrument. The Group buys and sells derivatives in the ordinary course of business, and also incurs financial liabilities, in order to manage market risks. All such transactions are carried out within the guidelines set by the Boards of Directors of the companies. For the most part, the Group companies enter into hedging transactions for purposes of avoiding economic exposures that arise from their operating activities. Most of the transactions entered into do not meet the conditions for recognition as an accounting hedge and, therefore, differences in their fair values are recorded on the statement of profit and loss. (1) CPI and foreign currency risk Currency risk The Group’s functional currency is the U.S. dollar. The exposures of the Group companies are measured with reference to the changes in the exchange rate of the dollar vis-à-vis the other currencies in which it transacts business. The Group is exposed to currency risk on sales, purchases, assets and liabilities that are denominated in a currency other than the respective functional currencies of the Group entities. The primary exposure is to the Shekel (“NIS”). The Group uses options and forward exchange contracts on exchange rates for purposes of hedging short-term currency risks, usually up to one year, in order to reduce the risk with respect to the final cash flows in dollars deriving from the existing assets and liabilities and sales and purchases of goods and services within the framework of firm or anticipated commitments, including in relation to future operating expenses. The Group is exposed to currency risk in relation to loans it has taken out and debentures it has issued in currencies other than the dollar. The principal amounts of these bank loans and debentures have been hedged by swap transactions the repayment date of which corresponds with the payment date of the loans and debentures. The Group has no exposure to foreign currency risk in respect of non-hedging derivative financial instruments in 2023. Relevant information for 2023 is as follows: As at December 31, 2023 Currency/ Currency/ Amount Amount Expiration Fair value $ Thousands Forward contracts on exchange rates Dollar NIS 5,762 21,066 2024 (175 ) The Group’s exposure to foreign currency risk in respect of hedging derivative financial instruments is as follows: As at December 31, 2023 Currency/ Currency/ Amount Amount Expiration Fair value $ Thousands Forward contracts on exchange rates Dollar NIS 2,622 9,498 2024 4 As at December 31, 2022 Currency/ Currency/ Amount Amount Expiration Fair value $ Thousands Forward contracts on exchange rates Dollar NIS 5,566 18,912 2023 641 Inflation risk The Group has CPI-linked loans. The Group is exposed to payments of higher interest and principal as the result of an increase in the CPI. It is noted that part of the Group’s anticipated revenues will be linked to the CPI. The Group does not hedge this exposure beyond the expected hedge included in its revenues. a. Breakdown of CPI-linked derivative instruments The Group’s exposure to index risk with respect to derivative instruments used for hedging purposes is shown below: As at December 31, 2023 Index receivable Interest payable Expiration date Amount of linked principal Fair value $ Thousands CPI-linked derivative instruments Interest exchange contract CPI 1.76 % 2036 81,051 10,268 As at December 31, 2022 Index receivable Interest payable Expiration date Amount of linked principal Fair value $ Thousands CPI-linked derivative instruments Interest exchange contract CPI 1.76 % 2036 89,619 9,353 b. Exposure to CPI and foreign currency risks The Group’s exposure to CPI and foreign currency risk, based on nominal amounts, is as follows: As at December 31, 2023 Foreign currency Shekel Unlinked CPI linked Other Non-derivative instruments Cash and cash equivalents 91,247 - 2,263 Short-term deposits and restricted cash 15,218 - - Trade receivables 55,865 - - Other current assets 10,841 - 72 Total financial assets 173,171 - 2,335 Trade payables 28,479 - 1,633 Other current liabilities 7,545 4,680 116 Loans from banks and others and debentures 779,808 413,811 - Total financial liabilities 815,832 418,491 1,749 Total non-derivative financial instruments, net (642,661 ) (418,491 ) 586 Derivative instruments - 10,268 - Net exposure (642,661 ) (408,223 ) 586 As at December 31, 2022 Foreign currency Shekel Unlinked CPI linked Other Non-derivative instruments Cash and cash equivalents 165,186 - 1,102 Short-term deposits and restricted cash 35,695 - - Trade receivables 10,007 - - Other current assets 58,006 - 212 Long-term deposits and restricted cash 15,146 - - Total financial assets 284,040 - 1,314 Trade payables 36,669 - 14,734 Other current liabilities 20,930 5,494 640 Loans from banks and others and debentures 583,651 414,071 - Total financial liabilities 641,250 419,565 15,374 Total non-derivative financial instruments, net (357,210 ) (419,565 ) (14,060 ) Derivative instruments - 9,353 - Net exposure (357,210 ) (410,212 ) (14,060 ) c. Sensitivity analysis A strengthening of the dollar exchange rate by 5% – 10% against the following currencies and change of the CPI in rate of 1% – 2% would have increased (decreased) the net income or net loss and the equity by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant. As at December 31, 2023 10% increase 5% increase 5% decrease 10% decrease $ Thousands Non-derivative instruments Shekel/dollar 1,208 604 (604 ) (1,208 ) Shekel/EUR 43 22 (22 ) (43 ) dollar/EUR (15,855 ) (7,928 ) 7,928 15,855 As at December 31, 2023 2% increase 1% increase 1% decrease 2% decrease $ Thousands Non-derivative instruments CPI (6,114 ) (3,058 ) 3,058 6,114 As at December 31, 2022 10% increase 5% increase 5% decrease 10% decrease $ Thousands Non-derivative instruments Shekel/dollar (7,375 ) (3,687 ) 3,687 7,375 Shekel/EUR (1,094 ) (547 ) 547 1,094 As at December 31, 2022 2% increase 1% increase 1% decrease 2% decrease $ Thousands Non-derivative instruments CPI (6,306 ) (3,153 ) 3,153 6,306 (2) Interest rate risk The Group is exposed to changes in the interest rates with respect to loans bearing interest at variable rates, as well as in relation to swap transactions of liabilities in foreign currency for dollar liabilities bearing a variable interest rate. The Group has not set a policy limiting the exposure and it hedges this exposure based on forecasts of future interest rates. The Group enters into transactions mainly to reduce the exposure to cash flow risk in respect of interest rates. The transactions include interest rate swaps and “collars”. In addition, options are acquired and written for hedging the interest rate at different rates. Type of interest Set forth below is detail of the type of interest borne by the Group’s interest-bearing financial instruments: As at December 31, 2023 2022 Carrying amount $ Thousands Fixed rate instruments Financial assets 311,951 549,467 Financial liabilities (864,953 ) (837,698 ) (553,002 ) (288,231 ) Variable rate instruments Financial assets 54,408 4,827 Financial liabilities (665,080 ) (324,887 ) (610,672 ) (320,060 ) The Group’s assets and liabilities bearing fixed interest are not measured at fair value through the statement of profit and loss and the Group does not designate derivatives interest rate swaps as hedging instruments under a fair value hedge accounting model. Therefore, a change in the interest rates as of the date of the report would not be expected to affect the income or loss with respect to changes in the value of fixed – interest assets and liabilities. A change of 100 basis points in interest rate at reporting date would have (decreased)/increased profit and loss before tax by the amounts below. This analysis assumes that all variables, in particular foreign currency rates, remain constant. As at December 31, 2023 100bp increase 100 bp decrease $ Thousands Variable rate instruments (6,107 ) 6,107 As at December 31, 2022 100bp increase 100 bp decrease $ Thousands Variable rate instruments (3,201 ) 3,201 A change of 1.0% – 1.5% in the SOFR interest rate at reporting date would have increased/(decreased) the net income or net loss and the equity by the amounts below. This analysis assumes that all variables, in particular foreign currency rates, remain constant. As at December 31, 2023 1.5% decrease 1.0% decrease 1.0% increase 1.5% increase $ Thousands Long-term loans (SOFR) (2,538 ) (1,691 ) 1,691 2,538 Interest rate swaps (SOFR) 1,555 1,036 (1,036 ) (1,555 ) The Group’s exposure to SOFR interest rate risk for derivative financial instruments used for hedging is as follows: As at December 31, 2023 Linkage receivable Interest rate Expiration date Amount of the linked reserve Fair value $ Thousands Interest rate swaps USD SOFR interest 0.83%-4.0 % 2030-2041 185,478 4,138 E. Fair value (1) Fair value compared with carrying value The Group’s financial instruments include mainly non-derivative assets, such as: cash and cash equivalents, investments, deposits and short-term loans, receivables and debit balances, investments and long-term receivables; non-derivative liabilities: such as: short-term credit, payables and credit balances, long-term loans, finance leases and other liabilities; as well as derivative financial instruments. In addition, fair value disclosure of lease liabilities is not required. Due to their nature, the fair value of the financial instruments included in the Group’s working capital is generally identical or approximates the book value. The following table shows in detail the carrying amount and the fair value of financial instrument groups presented in the financial statements not in accordance with their fair value. As at December 31, 2023 Carrying amount Fair value Liabilities $ Thousands Non-convertible debentures 511,030 485,196 Long-term loans from banks and others (excluding interest) 898,546 906,911 Loans from non-controlling interests 125,252 127,960 As at December 31, 2022 Carrying amount Fair value Liabilities $ Thousands Non-convertible debentures 526,771 492,714 Long-term loans from banks and others (excluding interest) 516,195 528,011 Loans from non-controlling interests 124,153 113,673 The fair value of long-term loans from banks and others (excluding interest) is classified as level 2, and measured using the technique of discounting the future cash flows with respect to the principal component and the discounted interest using the market interest rate on the measurement date. (2) Hierarchy of fair value The following table presents an analysis of the financial instruments measured at fair value, using an evaluation method. The various levels were defined as follows: – Level 1: Quoted prices (not adjusted) in an active market for identical instruments. – Level 2: Observed data, direct or indirect, not included in Level 1 above. – Level 3: Data not based on observed market data. Other investments are measured at fair value through other comprehensive income (Level 1). Derivative instruments are measured at fair value using a Level 2 valuation method – observable data, directly or indirectly, which are not included in quoted prices in an active market for identical instruments. See Note 28.D.1 for further details. Level 3 financial instrument measured at fair value As of December 31, 2023, the fair value of long-term investment (Qoros) remains at zero (2022: $nil). (3) Data and measurement of the fair value of financial instruments at Level 2 and 3 Level 2 The fair value of forward contracts on foreign currency is determined using trading programs that are based on market prices. The market price is determined based on a weighting of the exchange rate and the appropriate interest coefficient for the period of the transaction along with an index of the relevant currencies. The fair value of contracts for exchange (SWAP) of interest rates and fuel prices is determined using trading programs which incorporate market prices, the remaining term of the contract and the credit risks of the parties to the contract. The fair value of currency and interest exchange (SWAP) transactions is valued using discounted future cash flows at the market interest rate for the remaining term. The fair value of transactions used to hedge inflation is valued using discounted future cash flows which incorporate the forward CPI curve, and market interest rates for the remaining term. If the inputs used to measure the fair value of an asset or liability might be categorized in different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. The fair value of marketable securities held for trade is determined using the ‘Discounts for Lack of Marketability’ (“DLOM”) valuation method, which is a method used to calculate the value of restricted securities. The method purports that the only difference between a company’s common stock and its restricted securities is the lack of marketability of the restricted securities which is derived from the price difference between both prices. Level 3 As of December 31, 2023 and 2022, the fair value of the long-term investment (Qoros) was based on the present value of the expected cash flows. Included in the long-term investment (Qoros) are the 12% interests in Qoros (as described in Note 10.3) and the put option (as described in Note 10.2). For the purposes of management’s fair value assessment of the long-term investment (Qoros), management takes into consideration factors including market risk and credit risk exposures, publicly available information and financial information of the New Qoros Investor and Qoros for the year ended December 31, 2023 and 2022. The following table shows the valuation techniques used in measuring Level 3 fair values as of December 31, 2023 and 2022, as well as the significant unobservable inputs used. Type Valuation technique Significant unobservable data Inter-relationship between significant unobservable inputs and fair value measurement Long-term investment (Qoros) The Group assessed the fair value of the long-term investment (Qoros) using the present value of the expected cash flows. The likelihood of expected cash flows. The estimated fair value would increase if the likelihood of expected cash flows increase.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent Events	Note 29 – Subsequent Events 1. Kenon Dividend In March 2024, Kenon’s board of directors approved a cash dividend of $3.80 per share (an aggregate amount of approximately $200 million), payable to Kenon’s shareholders of record as of the close of trading on April 8, 2024, for payment on or about April 15, 2024. 2. OPC Series D Debentures In January 2024, OPC issued Series D debentures at a par value of approximately NIS 200 million (approximately $55 million), with the proceeds of the issuance designated for OPC’s needs, including for restructuring of an existing financial debt. The debentures are listed on the TASE, are not CPI-linked and bear annual interest of 6.2%.

Material Accounting Policies (P

Material Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Disclosure of significant accounting policies [Abstract]
First-time application of new accounting standards, amendments and interpretations	A. First-time application of new accounting standards, amendments and interpretations The Group has adopted a few new standards which are effective from January 1, 2023, including those listed below. These new standards and amendments do not have a material effect on the Group’s consolidated financial statements. Amendments to IAS 1 and IFRS Practice Statement 2 The amendments require the disclosure of ‘material’, rather than ‘significant’, accounting policies. The amendments also provide guidance on the application of materiality to disclosure of accounting policies, assisting entities to provide useful, entity-specific accounting policy information that users need to understand other information in the financial statements. The Group has reviewed the accounting policies and made updates to the information disclosed below to be in line with the amendments.
Basis for consolidation/combination	B. Basis for consolidation/combination (1) Business combinations The Group accounts for all business combinations according to the acquisition method when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs. The Group has an option to apply a ‘concentration test’ that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. The acquisition date is the date on which the Group obtains control over an acquiree. Control exists when the Group is exposed, or has rights, to variable returns from its involvement with the acquiree and it has the ability to affect those returns through its power over the acquiree. Substantive rights held by the Group and others are taken into account when assessing control. The Group recognizes goodwill on acquisition according to the fair value of the consideration transferred less the net amount of the fair value of identifiable assets acquired less the fair value of liabilities assumed. Goodwill is initially recognized as an asset based on its cost, and is measured in succeeding periods based on its cost less accrued losses from impairment of value. For purposes of examining impairment of value, goodwill is allocated to each of the Group’s cash‑generating units that is expected to benefit from the synergy of the business combination. Cash‑generating units to which goodwill was allocated are examined for purposes of assessment of impairment of their value every year or more frequently where there are signs indicating a possible impairment of value of the unit, as stated. Where the recoverable amount of a cash‑generating unit is less than the carrying value in the books of that cash‑generating unit, the loss from impairment of value is allocated first to reduction of the carrying value in the books of any goodwill attributed to that cash‑generating unit. Thereafter, the balance of the loss from impairment of value, if any, is allocated to other assets of the cash‑generating unit, in proportion to their carrying values in the books. A loss from impairment of value of goodwill is not reversed in subsequent periods. If the Group pays a bargain price for the acquisition (meaning including negative goodwill), it recognizes the resulting gain in profit or loss on the acquisition date. The Group recognizes contingent consideration at fair value at the acquisition date. The contingent consideration that meets the definition of a financial instrument that is not classified as equity will be measured at fair value through profit or loss; contingent consideration classified as equity shall not be remeasured and its subsequent settlement shall be accounted for within equity. Furthermore, goodwill is not adjusted in respect of the utilization of carry-forward tax losses that existed on the date of the business combination. Costs associated with acquisitions that were incurred by the acquirer in the business combination such as: finder’s fees, advisory, legal, valuation and other professional or consulting fees are expensed in the period the services are received. (2) Subsidiaries Subsidiaries are entities controlled by the Company. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date when control ceased. The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Company. (3) Non-Controlling Interest (“NCI”) NCI comprises the equity of a subsidiary that cannot be attributed, directly or indirectly, to the parent company, and they include additional components such as: share-based payments that will be settled with equity instruments of the subsidiaries and options for shares of subsidiaries. NCIs are measured at their proportionate share of the acquiree’s identifiable net assets at the acquisition date. Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. Measurement of non-controlling interests on the date of the business combination Non-controlling interests, which are instruments that convey a present ownership right and that grant to their holder a share in the net assets in a case of liquidation, are measured on the date of the business combination at fair value or based on their relative share in the identified assets and liabilities of the entity acquired, on the basis of every transaction separately. Transactions with NCI, while retaining control Transactions with NCI while retaining control are accounted for as equity transactions. Any difference between the consideration paid or received and the change in NCI is included directly in equity. Allocation of comprehensive income to the shareholders Profit or loss and any part of other comprehensive income are allocated to the owners of the Group and the NCI. Total comprehensive income is allocated to the owners of the Group and the NCI even if the result is a negative balance of NCI. Furthermore, when the holding interest in the subsidiary changes, while retaining control, the Group re-attributes the accumulated amounts that were recognized in other comprehensive income to the owners of the Group and the NCI. Cash flows deriving from transactions with holders of NCI while retaining control are classified under “financing activities” in the statement of cash flows. (4) Investments in equity-accounted investees Associates are entities in which the Group has the ability to exercise significant influence, but not control, over the financial and operating policies. In assessing significant influence, potential voting rights that are currently exercisable or convertible into shares of the investee are taken into account. Joint-ventures are arrangements in which the Group has joint control, whereby the Group has the rights to assets of the arrangement, rather than rights to its assets and obligations for its liabilities. Associates and joint-venture are accounted for using the equity method (equity accounted investees) and are recognized initially at cost. The cost of the investment includes transaction costs. The consolidated financial statements include the Group’s share of the income and expenses in profit or loss and of other comprehensive income of equity accounted investees, after adjustments to align the accounting policies with those of the Group, from the date that significant influence commences until the date that significant influence ceases. The Group’s share of post-acquisition profit or loss is recognized in the income statement, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income with a corresponding adjustment to the carrying amount of the investment. When the Group’s share of losses exceeds its interest in an equity accounted investee, the carrying amount of that interest, including any long-term interests that form part thereof, is reduced to zero. When the Group’s share of long-term interests that form a part of the investment in the investee is different from its share in the investee’s equity, the Group continues to recognize its share of the investee’s losses, after the equity investment was reduced to zero, according to its economic interest in the long-term interests, after the equity interests were reduced to zero. When the group’s share of losses in an associate equals or exceeds its interest in the associate, including any long-term interests that, in substance, form part of the entity’s net investment in the associate, the recognition of further losses is discontinued except to the extent that the Group has an obligation to support the investee or has made payments on behalf of the investee.
Financial instruments	C. Financial Instruments a) Classification and measurement of financial assets and financial liabilities Initial recognition and measurement The Group initially recognizes trade receivables and other investments on the date that they are originated. All other financial assets and financial liabilities are initially recognized on the date on which the Group becomes a party to the contractual provisions of the instrument. As a rule, a financial asset, other than a trade receivable without a significant financing component, or a financial liability, is initially measured at fair value with the addition, for a financial asset or a financial liability that are not presented at fair value through profit or loss, of transaction costs that can be directly attributed to the acquisition or the issuance of the financial asset or the financial liability. Trade receivables that do not contain a significant financing component are initially measured at the transaction price. Trade receivables originating in contract assets are initially measured at the carrying amount of the contract assets on the date of reclassification from contract assets to receivables. Financial assets - classification and subsequent measurement On initial recognition, financial assets are classified as measured at amortized cost; fair value through other comprehensive income (“FVOCI”); or fair value through profit or loss (“FVTPL”). Financial assets are not reclassified in subsequent periods, unless, and only to the extent that the Group changes its business model for the management of financial assets, in which case the affected financial assets are reclassified at the beginning of the reporting period following the change in the business model. A financial asset is measured at amortized cost if it meets the two following cumulative conditions and is not designated for measurement at FVTPL: - The objective of the entity’s business model is to hold the financial asset to collect the contractual cash flows; and - The contractual terms of the financial asset create entitlement on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: - It is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and - Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Group has balances of trade and other receivables and deposits that are held under a business model the objective of which is collection of the contractual cash flows. The contractual cash flows in respect of such financial assets comprise solely payments of principal and interest that reflects consideration for the time-value of the money and the credit risk. Accordingly, such financial assets are measured at amortized cost. b) Subsequent measurement In subsequent periods, financial assets at amortized cost are measured at amortized cost, using the effective interest method and net of impairment losses. Interest income, currency exchange gains or losses and impairment are recognized in profit or loss. Any gains or losses on derecognition are also recognized in profit or loss. Debt investments measured at FVOCI are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. In subsequent periods, these assets are measured at fair value. Net gains and losses are recognized in profit or loss. Financial assets: Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. The information considered includes: • the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of any related liabilities or expected cash outflows or realising cash flows through the sale of the assets; • how the performance of the portfolio is evaluated and reported to the Group’s management; • the risks that affect the performance of the business model (and the financial assets held within that business model) and how those risks are managed; • how managers of the business are compensated - e.g. whether compensation is based on the fair value of the assets managed or the contractual cash flows collected; and • the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations about future sales activity. Non-derivative financial assets: Assessment whether contractual cash flows are solely payments of principal and interest For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin. In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Group considers: • contingent events that would change the amount or timing of cash flows; • terms that may adjust the contractual coupon rate, including variable rate features; • prepayment and extension features; and • terms that limit the Group’s claim to cash flows from specified assets (e.g. non-recourse features). A prepayment feature is consistent with the solely payments of principal and interest criterion if the prepayment amount substantially represents unpaid amounts of principal and interest on the principal amount outstanding, which may include reasonable additional compensation for early termination of the contract. Additionally, for a financial asset acquired at a significant discount or premium to its contractual par amount, a feature that permits or requires prepayment at an amount that substantially represents the contractual par amount plus accrued (but unpaid) contractual interest (which may also include reasonable additional compensation for early termination) is treated as consistent with this criterion if the fair value of the prepayment feature is insignificant at initial recognition. Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognized in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognized. Financial liabilities - Initial classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortized cost or at FVTPL. Financial liabilities are classified as measured at FVTPL if it is held for trading or it is designated as such on initial recognition, and are measured at fair value, and any net gains and losses, including any interest expenses, are recognized in profit or loss. Other financial liabilities are initially measured at fair value less directly attributable transaction costs. They are measured at amortized cost in subsequent periods, using the effective interest method. Interest expenses and currency exchange gains and losses are recognized in profit or loss. Any gains or losses on derecognition are also recognized in profit or loss. Derecognition of financial liabilities Financial liabilities are derecognized when the contractual obligation of the Group expires or when it is discharged or canceled. Additionally, a significant amendment of the terms of an existing financial liability, or an exchange of debt instruments having substantially different terms, between an existing borrower and lender, are accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability at fair value. The difference between the carrying amount of the extinguished financial liability and the consideration paid (including any other non-cash assets transferred or liabilities assumed), is recognized in profit or loss. Offset Financial assets and financial liabilities are offset and the net amount presented in the consolidated statement of financial position when, and only when, the Group currently has a legally enforceable right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously. c) Impairment Financial assets, contract assets and receivables on a lease The Group creates a provision for expected credit losses in respect of: - Contract assets (as defined in IFRS 15); - Financial assets measured at amortized cost; - Financial guarantees; - Debt investments; - Lease receivables. Simplified approach The Group applies the simplified approach to provide for expected credit losses (“ECLs”) for all trade receivables (including lease receivables) and contract assets. The simplified approach requires the loss allowance to be measured at an amount equal to lifetime ECLs. General approach The Group applies the general approach to provide for ECLs on all other financial instruments and financial guarantees. Under the general approach, the loss allowance is measured at an amount equal to the 12-month ECLs at initial recognition. At each reporting date, the Group assess whether the credit risk of a financial instrument has increased significantly since initial recognition. When credit risk has increased significantly since initial recognition, loss allowance is measured at an amount equal to lifetime ECLs. In assessing whether the credit risk of a financial asset has significantly increased since initial recognition and in assessing expected credit losses, the Group takes into consideration information that is reasonable and verifiable, relevant and attainable at no excessive cost or effort. Such information comprises quantitative and qualitative information, as well as an analysis, based on the past experience of the Group and the reported credit assessment, and contains forward-looking information. If credit risk has not increased significantly since initial recognition or if the credit quality of the financial instruments improves such that there is no longer a significant increase in credit risk since initial recognition, loss allowance is measured at an amount equal to 12-month ECLs. The Group assumes that the credit risk of a financial asset has increased significantly since initial recognition whenever contractual payments are more than 30 days in arrears. The Group considers a financial asset to be in default if: - It is not probable that the borrower will fully meet its payment obligations to the Company, and the Company has no right to perform actions such as the realization of collaterals (if any); or - The contractual payments in respect of the financial asset are more than 90 days in arrears. The Group considers a contract asset to be in default when the customer is unlikely to pay its contractual obligations to the Group in full, without recourse by the Group to actions such as realizing security. The Group considers a debt instrument as having a low credit risk if its credit risk coincides with the global structured definition of “investment rating”. The ECLs expected over the life of the instrument are ECLs arising from all potential default events throughout the life of the financial instrument. ECLs in a 12-month period are the portion of the ECLs arising from potential default events during the period of 12 months from the reporting date. The maximum period that is taken into account in assessing the ECLs is the maximum contractual period over which the Group is exposed to credit risk. Measurement of ECLs ECLs represent a probability-weighted estimate of credit losses. Credit losses are measured at the present value of the difference between the cash flows to which the Group is entitled under the contract and the cash flows that the Group expects to receive. Expected credit losses are discounted at the effective interest rate of the financial asset. The Group’s credit risk exposure for trade receivables and contract asset are set out in Note 28 Financial Instruments. Financial assets impaired by credit risk At each reporting date, the Group assesses whether financial assets that are measured at amortized cost and debt instruments that are measured at FVOCI have become impaired by credit risk. A financial asset is impaired by credit risk upon the occurrence of one or more of the events (i.e. significant financial difficulty of the debtor) that adversely affect the future cash flows estimated for such financial asset. Presentation of impairment and allowance for ECLs in the statement of financial position A provision for ECLs in respect of a financial asset that is measured at amortized cost is presented as a reduction of the gross carrying amount of the financial asset. For debt investments at FVOCI, loss allowances are charged to profit or loss and recognized in OCI. Loss allowances are presented under financing expenses. Impairment losses in respect of trade and other receivables, including contract assets and lease receivables, are presented separately in the statements of profit or loss and other comprehensive income. Impairment losses in respect of other financial assets are presented under financing expenses. Derivative financial instruments, including hedge accounting The Group holds derivative financial instruments. Derivatives are recognized initially at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are generally recognized in profit or loss. The Group designates certain derivative financial instruments as hedging instruments in qualifying hedging relationships. At inception of designated hedging relationships, the Group documents the risk management objective and strategy for undertaking the hedge. The Group also documents the economic relationship between the hedged item and the hedging instrument, including whether the changes in cash flows of the hedged item and hedging instrument are expected to offset each other. Hedge accounting As of December 31, 2023 and 2022, hedge relationships designated for hedge accounting under IAS 39 qualify for hedge accounting under IFRS 9, and are therefore deemed as continuing hedge relationships. Hedges directly affected by interest rate benchmark reform Phase 1 amendments: Prior to interest rate benchmark reform - when there is uncertainty arising from Interest rate benchmark reform For the purpose of evaluating whether there is an economic relationship between the hedged item(s) and the hedging instrument(s), the Group assumes that the benchmark interest rate is not altered as a result of interest rate benchmark reform. For a cash flow hedge of a forecast transaction, the Group assumes that the benchmark interest rate will not be altered as a result of interest rate benchmark reform for the purpose of assessing whether the forecast transaction is highly probable and presents an exposure to variations in cash flows that could ultimately affect profit or loss. In determining whether a previously designated forecast transaction in a discontinued cash flow hedge is still expected to occur, the Group assumes that the interest rate benchmark cash flows designated as a hedge will not be altered as a result of interest rate benchmark reform. The Group will cease to apply the specific policy for assessing the economic relationship between the hedged item and the hedging instrument (i) to a hedged item or hedging instrument when the uncertainty arising from interest rate benchmark reform is no longer present with respect to the timing and the amount of the contractual cash flows of the respective item or instrument or (ii) when the hedging relationship is discontinued. For its highly probable assessment of the hedged item, the Group will no longer apply the specific policy when the uncertainty arising from interest rate benchmark reform about the timing and the amount of the interest rate benchmark-based future cash flows of the hedged item is no longer present, or when the hedging relationship is discontinued. Phase 2 amendments: Replacement of benchmark interest rates - when there is no longer uncertainty arising from interest rate benchmark reform When the basis for determining the contractual cash flows of the hedged item or the hedging instrument changes as a result of interest rate benchmark reform and therefore there is no longer uncertainty arising about the cash flows of the hedged item or the hedging instrument, the Group amends the hedge documentation of that hedging relationship to reflect the change(s) required by interest rate benchmark reform. A change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if the following conditions are met: - the change is necessary as a direct consequence of the reform; and - the new basis for determining the contractual cash flows is economically equivalent to the previous basis - i.e. the basis immediately before the change. For this purpose, the hedge designation is amended only to make one or more of the following changes: - designating an alternative benchmark rate as the hedged risk; - updating the description of hedged item, including the description of the designated portion of the cash flows or fair value being hedged; or - updating the description of the hedging instrument. The Group amends the description of the hedging instrument only if the following conditions are met: - it makes a change required by interest rate benchmark reform by using an approach other than changing the basis for determining the contractual cash flows of the hedging instrument; - it chosen approach is economically equivalent to changing the basis for determining the contractual cash flows of the original hedging instrument; and - the original hedging instrument is not derecognized The Group also amends the formal hedge documentation by the end of the reporting period during which a change required by interest rate benchmark reform is made to the hedged risk, hedged item or hedging instrument. These amendments in the formal hedge documentation do not constitute the discontinuation of the hedging relationship or the designation of a new hedging relationship. If changes are made in addition to those changes required by interest rate benchmark reform described above, then the Group first considers whether those additional changes result in the discontinuation of the hedge accounting relationship. If the additional changes do not result in discontinuation of the hedge accounting relationship, then the Group amends the formal hedge documentation for changes required by interest rate benchmark reform as mentioned above. When the interest rate benchmark on which the hedged future cash flows had been based is changed as required by interest rate benchmark reform, for the purpose of determining whether the hedged future cash flows are expected to occur, the Group deems that the hedging reserve recognized in OCI for that hedging relationship is based on the alternative benchmark rate on which the hedged future cash flows will be based. Cash flow hedges The Group designates certain derivatives as hedging instruments to hedge the variability in cash flows associated with highly probable forecast transactions arising from changes in foreign exchange rates and interest rates. When a derivative is designated as a cash flow hedging instrument, the effective portion of changes in the fair value of the derivative is recognized in OCI and accumulated in the hedging reserve. The effective portion of changes in the fair value of the derivative that is recognized in OCI is limited to the cumulative change in fair value of the hedged item, determined on a present value basis, from inception of the hedge. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in profit or loss. The Group designates only the change in fair value of the spot element of forward exchange contracts as the hedging instrument in cash flow hedging relationships. The change in fair value of the forward element of forward exchange contracts (‘forward points’) is separately accounted for as a cost of hedging and recognized in a cost of hedging reserve within equity. When the hedged forecast transaction subsequently results in the recognition of a non-financial item such as inventory, the amount accumulated in the hedging reserve and the cost of hedging reserve is included directly in the initial cost of the non-financial item when it is recognized. For all other hedged forecast transactions, the amount accumulated in the hedging reserve and the cost of hedging reserve is reclassified to profit or loss in the same period or periods during which the hedged expected future cash flows affect profit or loss. If the hedge no longer meets the criteria for hedge accounting or the hedging instrument is sold, expires, is terminated or is exercised, then hedge accounting is discontinued prospectively. When hedge accounting for cash flow hedges is discontinued, the amount that has been accumulated in the hedging reserve and the cost of hedging reserve remains in equity until, for a hedge of a transaction resulting in recognition of a non-financial item, it is included in the non-financial item’s cost on its initial recognition or, for other cash flow hedges, it is reclassified to profit or loss in the same period or periods as the hedged expected future cash flows affect profit or loss. If the hedged future cash flows are no longer expected to occur, then the amounts that have been accumulated in the hedging reserve and the cost of hedging reserve are immediately reclassified to profit or loss. Financial guarantees The Group irrevocably elects on a contract by contract basis, whether to account for a financial guarantee in accordance with IFRS 9. The Group considers a financial guarantee to be in default when the debtor of the loan is unlikely to pay its credit obligations to the creditor. When the Group elects to account for financial guarantees in accordance with IFRS 9, they are initially measured at fair value. Subsequently, they are measured at the higher of the loss allowance determined in accordance with IFRS 9 and the amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with the principles of IFRS 15.
Property, plant and equipment, net	D. Property, plant and equipment, net (1) Recognition and measurement Items of property, plant and equipment comprise mainly power station structures, power distribution facilities and related offices. These items are measured at historical cost less accumulated depreciation and accumulated impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the items. • The cost of materials and direct labor; • Any other costs directly attributable to bringing the assets to a working condition for their intended use; • Spare parts, servicing equipment and stand-by equipment; • When the Group has an obligation to remove the assets or restore the site, an estimate of the costs of dismantling and removing the items and restoring the site on which they are located; and • Capitalized borrowing costs. If significant parts of an item of property, plant and equipment items have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment. Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss in the year the asset is derecognized. (2) Subsequent Cost Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the Group, and its cost can be measured reliably. (3) Depreciation Depreciation is calculated to reduce the cost of items of property, plant and equipment less their estimated residual values using the straight-line method over their estimated useful lives, and is generally recognized in profit or loss. Leasehold improvements are depreciated over the shorter of the lease term and their useful lives unless it is reasonably certain that the Group will obtain ownership by the end of the lease term. Freehold land is not depreciated. Diesel oil and spare parts are expensed off when they are used or consumed. Depreciation methods, useful lives and residual values are reviewed by management of the Group at each reporting date and adjusted if appropriate. The following useful lives shown on an average basis are applied across the Group: Years Roads, buildings and land (*) 23 – 30 Power plants 23 – 40 Maintenance work 1.5 – 15 years Back up diesel fuel by consumption * Freehold land is not depreciated.
Intangible assets, net	E. Intangible assets, net (1) Recognition and measurement Goodwill Goodwill arising on the acquisition of subsidiaries is measured at cost less accumulated impairment losses. In respect of equity accounted investees, the carrying amount of goodwill is included in the carrying amount of the investment; and any impairment loss is allocated to the carrying amount of the equity investee as a whole. Other intangible assets Other intangible assets, including licenses, patents and trademarks, which are acquired by the Group having finite useful lives are measured at cost less accumulated amortization and any accumulated impairment losses. (2) Amortization Amortization is calculated to charge to expense the cost of intangible assets less their estimated residual values using the straight-line method over their useful lives, and is generally recognized in profit or loss. Goodwill is not amortized. The estimated useful lives for current and comparative year are as follows: • Power purchase agreement 10 years • Others 1-33 years Amortization methods and useful lives are reviewed by management of the Group at each reporting date and adjusted if appropriate. (3) Subsequent expenditure Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill is expensed as incurred.
Leases	F. Leases Definition of a lease The Group assesses whether a contract is or contains a lease by assessing if the contract conveys a right to control the use of an identified asset for a period of time in exchange for consideration. At inception or on reassessment of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease and non-lease component on the basis of their relative stand-alone prices. For lease contracts that include components that are not lease components, such as services or maintenance which relate to the lease component, the Group elected to treat the lease component separately. As a lessee The Group recognizes right-of-use assets and lease liabilities for most leases - i.e. these leases are on-balance sheet. However, the Group has elected not to recognize right-of-use assets and lease liabilities for some leases of low-value assets. The Group recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term. The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, and subsequently at cost less any accumulated depreciation and impairment losses, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payments made. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. The Group has applied judgement to determine the lease term for some lease contracts in which it is a lessee that include renewal options. The assessment of whether the Group is reasonably certain to exercise such options impacts the lease term, which affects the amount of lease liabilities and right-of-use assets recognized. Depreciation of right-of-use asset Subsequent to the commencement date of the lease, a right-of-use asset is measured using the cost method, less accumulated depreciation and accrued losses from decline in value and is adjusted in respect of re‑measurements of the liability in respect of the lease. The depreciation is calculated on the “straight‑line” basis over the useful life or the contractual lease period - whichever is shorter. Years Land 19 – 49 Others 12 - 16
Impairment of non-financial assets	G. Impairment of non-financial assets At each reporting date, management of the Group reviews the carrying amounts of its non-financial assets (other than inventories and deferred tax assets) to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. Goodwill is tested annually for impairment, and whenever impairment indicators exist. For impairment testing, assets are grouped together into smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGU. Goodwill arising from a business combination is allocated to CGUs or group of CGUs that are expected to benefit from these synergies of the combination. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. Value in use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. They are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. An impairment loss in respect of goodwill is not reversed. For other assets, an assessment is performed at each reporting date for any indications that these losses have decreased or no longer exist. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount and is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
Revenue recognition	H. Revenue recognition The Group recognizes revenue when the customer obtains control over the promised goods or services. The revenue is measured according to the amount of the consideration to which the Group expects to be entitled in exchange for the goods or services promised to the customer. Revenues from the sale of electricity and steam are recognized in the period in which the sale takes place in accordance with the price set in the electricity sale agreements and the quantities of electricity supplied. Furthermore, the Group’s revenues include revenues from the provision of asset management services to power plants and recognized in accordance to the service provision rate. When setting the transaction price, the Group takes into consideration fixed amounts and amounts that may vary as a result of discounts, credits, price concessions, penalties, claims and disputes and contract modifications that the consideration in their respect has not yet been agreed by the parties. The Group includes variable consideration, or part of it, in the transaction price only when it is highly probable that its inclusion will not result in a significant revenue reversal in the future when the uncertainty has been subsequently resolved. At the end of each reporting period and if necessary, the Group revises the amount of the variable consideration included in the transaction price. The Group recognizes compensation paid to customers in respect of delays in the commercial operation date of the power plant on payment date within long-term prepaid expenses, and amortizes them throughout the term of the contract, from the date of commercial operation of the power plant, against a decrease in revenue from contracts with customers. Key agent or a principal When another party is involved in providing goods or services to a customer, the Group shall determine whether the nature of its promise is a performance obligation to provide the specified or services itself (i.e., the Group is a principal) or to arrange for those services to be provided by the other party (i.e., the Group is an agent), and therefore recognizes the revenue as the net fee amount. The Group is a principal if it controls the specified service before that service is transferred to a customer. Indicators that the Group controls the specified service before it is transferred to the customer include the following: The Group is primarily responsible for fulfilling the promise to provide the specified service; the entity bears a risk before the specified service has been transferred to a customer; and the Group has discretion in establishing the price for the specified service.
Income taxes	I. Income taxes Income tax expense comprises current and deferred tax. It is recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in OCI. (i) Current tax Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to tax payable or receivable in respect of previous years. It is measured using tax rates enacted or substantively enacted at the reporting date. Current tax also includes any tax liability arising from dividends. Current tax assets and liabilities are offset only if certain criteria are met. (ii) Deferred tax Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for: • Temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; • Temporary differences related to investments in subsidiaries and associates where the Group is able to control the timing of the reversal of the temporary differences and it is not probable that they will reverse it in the foreseeable future; and • Taxable temporary differences arising on the initial recognition of goodwill. Deferred tax assets are recognized for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profit improves. Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future taxable profits will be available against which they can be used. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. Management of the Group regularly reviews its deferred tax assets for recoverability, taking into consideration all available evidence, both positive and negative, including historical pre-tax and taxable income, projected future pre-tax and taxable income and the expected timing of the reversals of existing temporary differences. In arriving at these judgments, the weight given to the potential effect of all positive and negative evidence is commensurate with the extent to which it can be objectively verified. Management believes the Group’s tax positions are in compliance with applicable tax laws and regulations. Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The Group believes that its liabilities for unrecognized tax benefits, including related interest, are adequate in relation to the potential for additional tax assessments. There is a risk, however, that the amounts ultimately paid upon resolution of audits could be materially different from the amounts previously included in our income tax expense and, therefore, could have a material impact on our tax provision, net income and cash flows. (iii) Uncertain tax positions A provision for uncertain tax positions, including additional tax and interest expenses, is recognized when it is more probable than not that the Group will have to use its economic resources to pay the obligation.
Agreements with the tax equity partner	J. Agreements with the tax equity partner Government grants related to distribution projects are not recognized until there is reasonable assurance that the Group will comply with the conditions attaching to them and that the grants will be received. CPV Group entered into an agreement with an entity that has a federal tax liability in the USA (hereinafter - the “Tax Equity Partner” ) for the purpose of financing the construction and operation of a photovoltaic project in the USA within a partnership owned and controlled by the Group (hereinafter - the “Project”). The project’s tax benefits include an Investment Tax Credit (“ITC”), and a proportionate share in the taxable income of the partnership (hereinafter - the “Tax Benefits”). Future amounts that will be paid to the Tax Equity Partner out of the free cash flow for distribution constitute a financial liability, which is measured using an amortized cost model in accordance with the effective interest method. The tax credit is accounted for as a government grant, which is related to the acquisition of assets in accordance with the provisions of IAS 20. The Group opted to present the tax credit as a deferred income, under the other long-term liabilities line item, which will be amortized on a straight line basis over the useful life of the photovoltaic facilities. The amounts attributed to the Tax Equity Partner’s right to receive a proportionate share of the taxable income of the partnership are recognized as a non-financial liability, which is carried to profit and loss over a period of 5 years. Refer to Note 8, Note 16 and Note 18.4.d further information.
Operating segment and geographic information	K. Operating segment and geographic information The Company’s CEO and CFO are considered to be the Group’s chief operating decision maker (“CODM”). As of December 31, 2023, based on the internal financial information provided to the CODM, the Group has determined that it has three reportable segments, which are OPC Power Plants, CPV Group, and ZIM. These segments are based on the different services offered in different geographical locations and also based on how they are managed. The following summary describes the Group’s reportable segments: 1. OPC Power Plants – 2. CPV Group 3. ZIM In addition to the segments detailed above, the Group has other activities, such as investment holding categorized as Others. Apart from ZIM, the CODM evaluates the operating segments performance based on Adjusted EBITDA. Adjusted EBITDA is defined as the net income (loss) excluding depreciation and amortization, financing income, financing expenses, income taxes and other items. The CODM evaluates segment assets based on total assets and segment liabilities based on total liabilities. The CODM evaluates the operating segment performance of ZIM based on share of results and dividends received. The accounting policies used in the determination of the segment amounts are the same as those used in the preparation of the Group’s consolidated financial statements, Inter-segment pricing is determined based on transaction prices occurring in the ordinary course of business. In determining the information to be presented on a geographical basis, revenue is based on the geographic location of the customer and non-current assets are based on the geographic location of the assets.
New standards and interpretations not yet adopted	L. New standards and interpretations not yet adopted A number of new standards and-- amendments to standards and interpretations are effective for annual periods beginning after January 1, 2023 and have not been applied in preparing these consolidated financial statements. The following amended standards and interpretations are not expected to have a significant impact on the Group’s consolidated financial statements: a) Classification of Liabilities as Current or Non-current (Amendments to IAS 1) b) Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7) c) Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) d) Lack of Exchangeability (Amendments to IAS 21)

Material Accounting Policies (T

Material Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of significant accounting policies [Abstract]
Schedule of useful lives for property, plant and equipment	Years Roads, buildings and land (*) 23 – 30 Power plants 23 – 40 Maintenance work 1.5 – 15 years Back up diesel fuel by consumption * Freehold land is not depreciated.
Schedule of amortizable useful lives for intangible assets	• Power purchase agreement 10 years • Others 1-33 years
Schedule of depreciation of right-of-use asset	Years Land 19 – 49 Others 12 - 16

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Schedule of Cash and Cash Equivalents	As at December 31, 2023 2022 $ Thousands Cash and cash equivalents in banks 537,478 361,580 Time deposits 159,360 173,591 696,838 535,171

Short-Term Deposits and Restr_2

Short-Term Deposits and Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Short Term Investments And Deposits Abstract
Schedule of short-term deposits and restricted cash	As at December 31, 2023 2022 $ Thousands Short-term deposits with bank and others - 35,662 Short-term restricted cash 532 10,328 532 45,990

Other Investments (Tables)

Other Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Other Investments [Abstract]
Schedule of other investments	As at December 31, 2023 2022 $ Thousands Debt investments - at FVOCI 215,797 344,780

Other Current Assets (Tables)

Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of other current assets [Abstract]
Schedule of other current assets	As at December 31, 2023 2022 $ Thousands Advances to suppliers - 1,219 Prepaid expenses 12,909 10,004 Input tax receivable 8,291 4,660 Grant receivable (1) 74,522 - Deposits in connection with projects under construction (2) 3,755 35,475 Others 12,226 7,598 111,703 58,956 (1) See Note 18.A.4.d for more information. (2) Collateral provided to secure a hedging agreement in CPV Valley amounting to $20 million and collaterals provided in connection with renewable energy projects under development in the United States amounting to $15 million in 2022 were released during the year.

Investment in Associated Comp_2

Investment in Associated Companies (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of associates [abstract]
Schedule of condensed financial information with respect to the statement of financial position	CPV CPV CPV CPV CPV CPV ZIM Fairview Maryland Shore Towantic Valley Three Rivers As at December 31, 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 $ Thousands Principal place of business International US US US US US US Proportion of ownership interest 21% 21% 25% 25% 25% 25% 37.5% 37.5% 26% 26% 50% 50% 10% 10% Current assets 2,571,400 4,271,600 44,500 98,942 46,586 73,985 54,014 92,808 74,591 86,698 48,015 59,191 52,425 32,626 Non-current assets 5,774,600 7,353,700 911,763 938,869 650,720 654,720 935,750 983,576 880,572 936,268 673,339 678,540 1,393,984 1,338,392 Current liabilities (2,518,100 ) (2,662,200 ) (64,909 ) (166,468 ) (64,155 ) (73,883 ) (64,360 ) (53,619 ) (201,226 ) (133,746 ) (105,317 ) (542,176 ) (120,546 ) (47,939 ) Non-current liabilities (3,369,900 ) (3,067,200 ) (344,274 ) (400,309 ) (314,069 ) (320,518 ) (645,995 ) (649,860 ) (222,946 ) (490,610 ) (371,771 ) (6,450 ) (711,571 ) (820,943 ) Total net assets 2,458,000 5,895,900 547,080 471,034 319,082 334,304 279,409 372,905 530,991 398,610 244,266 189,105 614,292 502,136 Group’s share of net assets 507,019 1,217,797 136,770 117,759 79,771 83,576 104,862 139,951 138,058 103,639 122,133 94,553 62,370 60,609 Adjustments: Excess cost 150,884 138,071 79,018 80,414 (13,943 ) (14,396 ) (48,999 ) (52,777 ) 26,561 26,615 (503 ) (806 ) 8,368 8,379 Total impairment loss (928,809 ) (928,809 ) - - - - - - - - - - - - Unrecognised losses* 270,906 - - - - - - - - - - - - - Book value of investment - 427,059 215,788 198,173 65,828 69,180 55,863 87,174 164,619 130,254 121,630 93,747 70,738 68,988 Investments in associated companies - 427,059 215,788 198,173 65,828 69,180 55,863 87,174 164,619 130,254 121,630 93,747 70,738 68,988
Schedule of condensed financial information with respect to results of operations	CPV CPV CPV CPV CPV CPV ZIM** Fairview Maryland Shore Towantic Valley Three Rivers For the year ended December 31, 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 $ Thousands Revenue 5,162,200 12,561,600 10,728,698 273,763 373,967 199,030 238,800 243,710 170,292 134,805 261,386 189,985 395,779 494,665 258,292 239,165 405,548 139,473 145,380 (2,722 ) 174 Loss/income* (2,695,600 ) 4,619,400 4,640,305 106,110 98,907 9,666 23,956 33,249 5,420 (74,767 ) 6,853 16,247 163,651 47,436 18,520 32,527 69,138 (58,793 ) 603 (7,934 ) (9,281 ) Other comprehensive income * 12,300 (41,200 ) (3,462 ) (17,066 ) 15,730 11,192 (25,678 ) 6,419 10,983 (18,728 ) 16,301 7,779 (31,270 ) 22,616 11,140 22,637 1,178 3,710 (12,310 ) 53,814 19,361 Total comprehensive income (2,683,300 ) 4,578,200 4,636,843 89,044 114,637 20,858 (1,722 ) 39,668 16,403 (93,495 ) 23,154 24,026 132,381 70,052 29,660 55,164 70,316 (55,083 ) (11,707 ) 45,880 10,080 Kenon’s share of comprehensive income (279,236 ) 1,023,567 1,258,913 22,261 28,659 5,214 (431 ) 9,917 4,101 (35,089 ) 8,690 9,017 34,419 18,214 7,711 27,582 35,158 (27,542 ) (1,171 ) 4,588 1,008 Adjustments 13,190 558 1,116 (1,928 ) (1,267 ) (1,249 ) 453 458 2,354 3,777 3,554 3,644 (54 ) (184 ) 50 301 413 681 (11 ) - - Kenon’s share of comprehensive income presented in the books (266,046 ) 1,024,125 1,260,029 20,333 27,392 3,965 22 10,375 6,455 (31,312 ) 12,244 12,661 34,365 18,030 7,761 27,883 35,571 (26,861 ) (1,182 ) 4,588 1,008
Schedule of financial position	For the year ended December 31 2023 2022 2021 Note $ Thousands $ Thousands $ Thousands Gain on dilution from ZIM IPO 9.B.a.2 - - 9,724 Loss on dilution from ZIM options exercised 9.B.a.3 (860 ) (3,475 ) (39,438 ) Gain on sale of ZIM shares 9.B.a.4 - 204,634 29,510 (Impairment)/write back of ZIM investment 9.B.a.5 - (928,809 ) - (860 ) (727,650 ) (204 )
Schedule of OPC’s associated companies	Ownership interest as at December 31 Note Main location of company’s activities 2023 2022 CPV Valley Holdings, LLC 9.C.1 New York 50 % 50 % CPV, Three Rivers, LLC Illinois 10 % 10 % CPV Fairview, LLC Pennsylvania 25 % 25 % CPV Maryland, LLC Maryland 25 % 25 % CPV Shore Holdings, LLC New Jersey 38 % 38 % CPV Towantic, LLC Connecticut 26 % 26 %

Long-term investment (Qoros) (T

Long-term investment (Qoros) (Tables)	12 Months Ended
	Dec. 31, 2023
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Schedule of changes of interest in Qoros	For the year ended December 31, 2023 2022 2021 Note $ Thousands Fair value loss on remaining 12% interest in Qoros 10.3, 10.5 - - (235,218 ) Payment of financial guarantee 10.6 - - (16,265 ) - - (251,483 )

Subsidiaries (Tables)

Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about business combination [line items]
Schedule of material subsidiaries	Ownership interest as at December 31 Note Main location of company's activities 2023 2022 OPC Power Plants Ltd. 11.A.1 Israel 80 % 100 % OPC Holdings Israel Ltd. 11.A.2 Israel 80 % - CPV Group LP 11.A.3 USA 70 % 70 %
Schedule of cash flows that were used for acquisition transaction	$ Million Cash and other cash equivalents paid (excluding consideration used to repay shareholders’ loan) 152 Cash and other cash equivalents acquired (1 ) 151
Schedule of information relating to group's subsidiaries	As at and for the year ended December 31, 2023 2022 2021 OPC Energy Ltd. OPC Energy Ltd. OPC Energy Ltd. $ Thousands NCI percentage * 59.88 % 56.20 % 53.14 % Current assets 460,810 419,636 346,380 Non-current assets 3,018,434 2,289,101 2,141,744 Current liabilities (353,735 ) (184,418 ) (230,518 ) Non-current liabilities (1,679,847 ) (1,283,445 ) (1,341,962 ) Net assets 1,445,662 1,240,874 915,644 Carrying amount of NCI 865,676 697,433 486,598 Revenue 691,796 573,957 487,763 Profit/(loss) after tax 46,955 65,352 (93,898 ) Other comprehensive income (38,017 ) (11,249 ) 74,219 Profit/(loss) attributable to NCI 25,030 37,007 (54,022 ) OCI attributable to NCI (24,624 ) (568 ) 33,661 Cash flows from operating activities 134,973 62,538 119,264 Cash flows used in investing activities (594,303 ) (328,610 ) (256,200 ) Cash flows from financing activites excluding dividends paid to NCI 503,245 285,898 311,160 Dividends paid to NCI - - (10,214 ) Effect of changes in the exchange rate on cash and cash equivalents (7,435 ) (13,545 ) 6,717 Net increase/(decrease) in cash and cash equivalents 36,480 6,281 170,727 * The NCI percentage represents the effective NCI of the Group
OPC Gat Power Plant ("Gat Partnership") [Member]
Disclosure of detailed information about business combination [line items]
Schedule of identifiable assets and liabilities acquired	$ Million Cash and cash equivalents 1 Trade and other receivables 6 Property, plant, and equipment - facilities and electricity generation and 172 Property, plant, and equipment - land owned by the Gat Partnership (2) 23 Trade and other payables (7 ) Loans from former right holders (3) (84 ) Deferred tax liabilities (19 ) Identifiable assets, net 92 Goodwill (4) 61 Total consideration (5) 153 (1) The Group applied IFRS 3 and allocate the fair value of the facilities and the electricity supply license to a single asset. The fair value was determined by an independent appraiser using the income approach, the MultiPeriod Excess Earning Method. The valuation methodology included several key assumptions that constituted the basis for cash flow forecasts, including, among other things, electricity and gas prices, and nominal post-tax discount rate of 8%-8.75%. The said assets are amortized over 27 years from the acquisition date, considering an expected residual value at the end of the assets’ useful life. (2) The fair value of the land was determined by an external and independent land appraiser using the discounted cash flow technique (the discount rate used is 8%). (3) The loans were repaid immediately after the acquisition date. (4) The goodwill arising as part of the business combination reflects the synergy between the activity of the Gat Partnership and the Rotem Power Plant. (5) The consideration includes a cash payment of NIS 270 million (approximately $75 million) plus deferred consideration, whose present value is estimated at NIS 285 million (approximately $79 million).
Mountain Wind Power Plant [Member]
Disclosure of detailed information about business combination [line items]
Schedule of information relating to group's subsidiaries	$ Million Trade and other receivables 4 Property, plant, and equipment (1) 127 Intangible assets (1) 26 Trade and other payables (1 ) Liabilities in respect of evacuation and removal (2 ) Identifiable assets, net 154 Goodwill (2) 21 Total consideration 175

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [line items]
Schedule of Composition of Property, Plant and Equipment	Roads, buildings and leasehold improvements Facilities, machinery and equipment Wind turbines Office furniture and equipment Assets under construction Other Total $ Thousands Cost Balance at January 1, 2022 83,956 792,275 29,844 414 409,780 48,142 1,364,411 Additions 3,442 18,657 191 (8 ) 185,938 46,025 254,245 Disposals (160 ) (13,007 ) (43 ) - (1,969 ) (12,769 ) (27,948 ) Reclassification - - - - 3 (3 ) - Differences in translation reserves (9,633 ) (75,558 ) - - (41,164 ) (6,016 ) (132,371 ) Balance at December 31, 2022 77,605 722,367 29,992 406 552,588 75,379 1,458,337 Additions 2,915 3,977 - 5 269,502 34,800 311,199 Disposals (590 ) (3,841 ) - - (11,235 ) (39,960 ) (55,626 ) Reclassification 9,316 334,132 160,666 - (504,114 ) - - Acquisitions through business combination 23,667 159,036 126,200 - - 6,307 315,210 Differences in translation reserves (1,584 ) (13,265 ) - - (16,371 ) (1,308 ) (32,528 ) Balance at December 31, 2023 111,329 1,202,406 316,858 411 290,370 75,218 1,996,592 Accumulated depreciation Balance at January 1, 2022 18,148 219,637 563 243 - - 238,591 Additions 3,864 37,057 1,109 80 - - 42,110 Disposals (10 ) (13,007 ) (21 ) (8 ) - - (13,046 ) Differences in translation reserves (3,557 ) (28,182 ) - - - - (31,739 ) Balance at December 31, 2022 18,445 215,505 1,651 315 - - 235,916 Additions 3,993 47,661 5,007 81 - - 56,742 Disposals (235 ) (4,426 ) - - - - (4,661 ) Differences in translation reserves (471 ) (5,759 ) - - - - (6,230 ) Balance at December 31, 2023 21,732 252,981 6,658 396 - - 281,767 Carrying amounts At January 1, 2022 65,808 572,638 29,281 171 409,780 48,142 1,125,820 At December 31, 2022 59,160 506,862 28,341 91 552,588 75,379 1,222,421 At December 31, 2023 89,597 949,425 310,200 15 290,370 75,218 1,714,825
Schedule of Detailed Information About Composition Of Depreciation Expense Explanatory	As at December 31, 2023 2022 $ Thousands Depreciation and amortization included in gross profit 78,025 56,853 Depreciation and amortization charged to selling, general and administrative expenses 12,914 6,023 Depreciation and amortization from continuing operations 90,939 62,876

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]
Schedule of Intangible Assets, Net	Goodwill* PPA** Others Total $ Thousands Cost Balance as at January 1, 2022 140,212 110,446 7,470 258,128 Additions - - 10,799 10,799 Translation differences (1,599 ) - (1,316 ) (2,915 ) Balance as at December 31, 2022 138,613 110,446 16,953 266,012 Additions - - 13,738 13,738 Acquisitions through business combination 80,761 25,968 - 106,729 Impairment (6,196 ) - - (6,196 ) Translation differences 559 - (225 ) 334 Balance as at December 31, 2023 213,737 136,414 30,466 380,617 Amortization Balance as at January 1, 2022 21,455 10,947 1,444 33,846 Amortization for the year - 10,569 991 11,560 Translation differences - - (189 ) (189 ) Balance as at December 31, 2022 21,455 21,516 2,246 45,217 Amortization for the year - 11,115 3,036 14,151 Translation differences - - (35 ) (35 ) Balance as at December 31, 2023 21,455 32,631 5,247 59,333 Carrying value As at January 1, 2022 118,757 99,499 6,026 224,282 As at December 31, 2022 117,158 88,930 14,707 220,795 As at December 31, 2023 192,282 103,783 25,219 321,284 * Relates mainly to goodwill arising from the acquisition of CPV Group of $105 million and Gat Power Plants of $61 million. Refer to Note 11.A.5 for further information. ** Relates to the power purchase agreement from the acquisition of CPV Keenan, which is part of the CPV Group.
Schedule of Carrying Amounts of Intangible Assets	As at December 31, 2023 2022 $ Thousands Intangible assets with a finite useful life 128,998 103,637 Intangible assets with an indefinite useful life or not yet available for use 192,286 117,158 321,284 220,795

Long-Term Prepaid Expenses an_2

Long-Term Prepaid Expenses and Other Non-Current Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits Loans And Other Receivables Including Derivative Instruments Abstract
Schedule of Long-Term Prepaid Expenses and Other Non-Current Assets	As at December 31, 2023 2022 $ Thousands Deferred expenses, net (1) 7,786 5,349 * Loan to associated company (2) 30,138 5,100 Contract costs 6,347 4,337 Other non-current assets 8,071 8,537 52,342 23,323 * * Reclassified (1) Relates to deferred expenses, net for OPC’s connection fees to the gas transmission network and the electricity grid. (2) Mainly relates to loan to CPV Valley with SOFR-based interest plus a weighted average interest margin of approximately 5.75%, with the final repayment date on May 31, 2026.

Loans and Debentures (Tables)

Loans and Debentures (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about borrowings [abstract]
Schedule of Detailed Information About Current Liabilities And Noncurrent Liabilities Explanatory	As at December 31 2023 2022 $ Thousands Current liabilities Current maturities of long-term liabilities: Loans from banks and others 107,739 26,113 Non-convertible debentures 52,980 9,497 Others 8,908 3,652 169,627 39,262 Non-current liabilities Loans from banks and others 906,243 610,434 Non-convertible debentures 454,163 513,375 1,360,406 1,123,809 Total 1,530,033 1,163,071
Schedule of Composition of I.C. Power Loans from Banks and Others	As at December 31, 2023 2022 $ Thousands Debentures (1) In shekels(1) 507,143 522,872 Loans from banks and others (2) In shekels 1,022,890 640,199 1,530,033 1,163,071
Schedule of Reconciliation of Movements of Liabilities to Cash Flows Arising from Financing Activities	Financial liabilities (including interest payable) Loans and credit Loans from holders of interests that do not confer financial control Debentures Financial instruments designated for hedging $ Thousands Balance as at January 1, 2023 516,195 124,152 526,771 (16,087 ) Changes as a result of cash flows from financing activities Payment in respect of derivative financial instruments, net - - - 2,385 Receipt of loans 405,460 30,357 - - Repayment of debentures and loans (123,237 ) (33,389 ) (8,451 ) - Interest paid (30,270 ) (593 ) (6,133 ) - Net cash provided by/(used in) financing activities 251,953 (3,625 ) (14,584 ) 2,385 Effect of changes in foreign currency exchange rates (533 ) 2,218 - (241 ) Interest and CPI expenses 51,180 7,179 21,658 (3,027 ) Changes in fair value, application of hedge accounting and other 10,179 (463 ) (7,061 ) 2,065 Business combination 83,385 - - - Balance as at December 31, 2023 912,359 129,461 526,784 (14,905 ) Financial liabilities (including interest payable) Loans and credit Loans from holders of interests that do not confer financial control Debentures Financial instruments designated for hedging $ Thousands Balance as at January 1, 2022 488,455 139,838 586,600 (8,305 ) Changes as a result of cash flows from financing activities Payment in respect of derivative financial instruments, net - - - (923 ) Receipt of loans 88,651 13,680 - - Repayment of debentures and loans (21,601 ) (25,617 ) (5,972 ) - Interest paid (11,058 ) (2,094 ) (11,889 ) - Prepaid costs for loans taken (2,845 ) - - - Net cash provided by/(used in) financing activities 53,147 (14,031 ) (17,861 ) (923 ) Effect of changes in foreign currency exchange rates (51,435 ) (8,419 ) (68,696 ) 967 Interest and CPI expenses 27,444 6,764 26,728 - Changes in fair value, application of hedge accounting and other (1,416 ) - - (7,826 ) Balance as at December 31, 2022 516,195 124,152 526,771 (16,087 )

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and other current payables [abstract]
Schedule of Detailed Information About Trade Payables Explanatory	As at December 31, 2023 2022 $ Thousands Trade Payables 70,661 95,036 Liability to tax equity partner (1) 74,466 - Accrued expenses and other payables 8,256 10,833 Government institutions 1,204 2,083 Employees and payroll institutions 14,573 14,491 Interest payable 4,984 4,472 Others 7,754 6,500 181,898 133,415 1. See Note 18.A.4.d for more information.

Right-Of-Use Assets, Net, Lea_2

Right-Of-Use Assets, Net, Lease Liabilities and Long-term Deferred Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Presentation of leases for lessee [abstract]
Schedule Of Right Of Use Assets	As at December 31, 2023 Balance at beginning of year Depreciation charge for the year Adjustments Balance at end of year $ Thousands Land 76,963 (3,770 ) 18,300 91,493 PRMS facility 13,977 (1,209 ) 1,766 14,534 Offices 8,353 (2,538 ) 5,135 10,950 Long-term deferred expenses 27,491 (1,246 ) 31,293 57,538 126,784 (8,763 ) 56,494 174,515 As at December 31, 2022 Balance at beginning of year Depreciation charge for the year Adjustments Balance at end of year $ Thousands Land 81,355 (3,484 ) (908 ) 76,963 PRMS facility 6,239 (660 ) 8,398 13,977 Offices 10,282 (2,142 ) 213 8,353 Long-term deferred expenses 33,459 (1,129 ) (4,839 ) 27,491 * 131,335 (7,415 ) 2,864 126,784 *
Schedule of Detailed Information About Amounts Recognized In Statements Of Profit Loss Explanatory	As at December 31, As at December 31, 2023 2022 $ Thousands $ Thousands Interest expenses in respect of lease liability 689 572 Total cash outflow for leases 2,692 2,572

Share Capital and Reserves (Tab

Share Capital and Reserves (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
Schedule of Share Capital	Company No. of shares ('000) 2023 2022 Authorised and in issue at January, 1 53,887 53,879 Share repurchase and cancelled (1,128 ) - Issued for share plan 7 8 Authorised and in issue at December. 31 52,766 53,887

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Revenue [Abstract]
Schedule of Detailed Information About Revenue Explanatory	For the Year Ended December 31, 2023 2022 2021 $ Thousands Revenue from sale of electricity and infrastructure services in Israel 593,941 486,680 419,395 Revenue from sale of electricity in US 36,959 25,780 25,605 Revenue from sale of steam in Israel 16,006 18,476 17,648 Revenue from provision of services and other revenue in US 36,007 31,509 25,115 Other revenue in Israel 8,883 11,512 - 691,796 573,957 487,763

Cost of Sales and Services (e_2

Cost of Sales and Services (excluding Depreciation and Amortization) (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of cost of sales and services [Abstract]
Schedule of Detailed Information About Cost Of Sales And Services Explanatory	For the Year Ended December 31, 2023 2022 2021 $ Thousands Fuels 178,663 155,760 153,122 Electricity and infrastructure services 130,199 93,804 92,086 Salaries and related expenses 10,033 9,661 8,259 Generation and operating expenses and outsourcing 82,166 88,055 31,729 Insurance 11,040 9,440 9,997 Cost in respect of sale of renewable energy 13,455 8,757 7,988 Cost in respect of provision of services revenue and other costs 27,683 23,856 16,499 Others 41,073 27,928 16,618 494,312 417,261 336,298

Selling, General and Administ_2

Selling, General and Administrative Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Selling General And Administrative Expenses Abstract
Schedule of Detailed Information About Selling, General And Administrative Expenses Explanatory	For the Year Ended December 31, 2023 2022 2021 $ Thousands Payroll and related expenses (1) 26,877 46,660 41,930 Depreciation and amortization 4,212 3,259 2,623 Professional fees 18,190 15,798 16,069 Business development expenses 15,607 15,186 1,566 Expenses in respect of acquisition of CPV Group - - 752 Office maintenance 6,524 4,581 3,022 Other expenses 13,305 14,452 9,765 84,715 99,936 75,727

Financing Expenses, Net (Tables

Financing Expenses, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of financing income (expenses), net [Abstract]
Schedule of Detailed Information About Financing Income (Expenses), Net Explanatory	For the Year Ended December 31, 2023 2022 2021 $ Thousands Interest income from bank deposits 36,754 12,108 167 Amount reclassified to consolidated statements of profit & loss from capital reserve in respect of cash flow hedges 6 4,125 2,121 Net change in exchange rates 700 28,453 - Net change in fair value of derivative financial instruments - - 443 Net change in the fair value of financial assets held for trade and available for sale 422 - - Other income 1,479 - 203 Financing income 39,361 44,686 2,934 Interest expenses to banks and others (52,306 ) (47,542 ) (51,924 ) Amount reclassified to consolidated statements of profit & loss from capital reserve in respect of cash flow hedges (1,563 ) - - Impairment loss on debt securities at FVOCI (642 ) (732 ) - Net change in fair value of financial assets held for trade - (45 ) - Net change in exchange rates - - (5,997 ) Net change in fair value of derivative financial instruments - (291 ) - Early repayment fee (Note 15.B, Note 15.E) - - (84,196 ) Other expenses (11,822 ) (1,787 ) (2,178 ) Financing expenses (66,333 ) (50,397 ) (144,295 ) Net financing expenses (26,972 ) (5,711 ) (141,361 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of income taxes [Abstract]
Schedule of Detailed Information About Components Of Income Taxes Explanatory	For the Year Ended December 31, 2023 2022 2021 $ Thousands Current taxes on income In respect of current year 11,049 39,559 6,892 Deferred tax expense/(income) Creation and reversal of temporary differences 14,150 (1,579 ) (2,567 ) Total tax expense on income 25,199 37,980 4,325
Schedule of Detailed Information About Reconciliation Between Theoretical Tax Expense Benefit On Pre Tax Income Loss And Actual Income Tax Expenses Explanatory	For the Year Ended December 31, 2023 2022 2021 $ Thousands (Loss)/Profit from continuing operations before income taxes (185,749 ) 387,639 879,642 Statutory tax rate 17.00 % 17.00 % 17.00 % Tax computed at the statutory tax rate (31,577 ) 65,899 149,539 (Decrease) increase in tax in respect of: Elimination of tax calculated in respect of the Group’s share in profit of associated companies 72,258 (45,464 ) (190,539 ) Different tax rate applicable to subsidiaries operating overseas 4,371 6,429 (9,297 ) Income subject to tax at a different tax rate 178 116 - Non-deductible expenses (2,826 ) 158,811 44,851 Exempt income (26,862 ) (164,822 ) (23,937 ) Taxes in respect of prior years 522 (739 ) (361 ) Tax in respect of foreign dividend 6,665 18,447 28,172 Share of non-controlling interests in entities transparent for tax purposes - (1,082 ) 5,528 Tax losses and other tax benefits for the period regarding which deferred taxes were not recorded 608 511 95 Other differences 1,862 (126 ) 274 Tax expense on income included in the statement of profit and loss 25,199 37,980 4,325
Schedule of Deferred Tax Assets and Liabilities Recognized	Property plant and equipment Carryforward of losses and deductions for tax purposes Financial instruments Other* Total $ Thousands Balance of deferred tax (liability) asset as at January 1, 2022 (127,230 ) 112,342 1,260 (83,553 ) (97,181 ) Changes recorded on the statement of profit and loss (20,103 ) 8,116 (235 ) 13,801 1,579 Changes recorded in other comprehensive income - - (2,657 ) (4,439 ) (7,096 ) Translation differences 14,615 (4,370 ) (103 ) (147 ) 9,995 Balance of deferred tax (liability) asset as at December 31, 2022 (132,718 ) 116,088 (1,735 ) (74,338 ) (92,703 ) Changes recorded on the statement of profit and loss (9,626 ) 6,054 24 (10,601 ) (14,149 ) Changes recorded in other comprehensive income - - 354 2,851 3,205 Changes recorded from business combinations (18,468 ) - - - (18,468 ) Translation differences 3,313 (1,364 ) 7 (569 ) 1,387 Balance of deferred tax (liability) asset as at December 31, 2023 (157,499 ) 120,778 (1,350 ) (82,657 ) (120,728 ) * This amount includes deferred tax arising from intangibles, undistributed profits, non-monetary items, associated companies and trade receivables distribution.
Schedule of Detailed Information About Deferred Taxes Are Presented In Statements Of Financial Position Explanatory	As at December 31, 2023 2022 $ Thousands As part of non-current assets 15,862 6,382 As part of current liabilities - (1,285 ) As part of non-current liabilities (136,590 ) (97,800 ) (120,728 ) (92,703 )
Schedule of Detailed Information About Tax And Deferred Tax Liabilities Explanatory	As at December 31, 2023 2022 $ Thousands Losses for tax purposes 130,147 153,907

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Schedule of Detailed Information About Loss Income Allocated To Holders Of Ordinary Shareholders Explanatory	For the year ended December 31, 2023 2022 2021 $ Thousands (Loss)/Profit for the year attributable to Kenon’s shareholders (235,978 ) 312,652 930,273
Schedule of Detailed Information About Number Of Ordinary Shares Explanatory	For the year ended December 31 2023 2022 2021 Thousands Weighted Average number of shares used in calculation of basic/diluted earnings per share 53,360 53,885 53,879

Segment, Customer and Geograp_2

Segment, Customer and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Schedule of Information Regarding Reportable Segments	OPC Israel CPV Group ZIM Others Total $ Thousands 2023 Revenue 618,830 72,966 - - 691,796 Profit/(loss) before taxes 48,750 16,515 (266,906 ) 15,892 (185,749 ) Income tax expense (14,174 ) (4,136 ) - (6,889 ) (25,199 ) Profit/(loss) from continuing operations 34,576 12,379 (266,906 ) 9,003 (210,948 ) Depreciation and amortization 65,659 25,056 - 224 90,939 Financing income (6,038 ) (5,641 ) - (27,682 ) (39,361 ) Financing expenses 48,182 16,790 - 1,361 66,333 Other items: Losses related to ZIM - - 860 - 860 Share in profit of CPV excluding share of depreciation and amortization and financing expenses, net - 156,636 - - 156,636 Changes in net expenses, not in the ordinary course of - 4,878 - - 4,878 Share of changes in fair value of derivative financial instruments - (2,168 ) - - (2,168 ) Share in (profit)/loss of associated companies - (65,566 ) 266,046 - 200,480 107,803 129,985 266,906 (26,097 ) 478,597 Adjusted EBITDA 156,553 146,500 - (10,205 ) 292,848 Segment assets 1,673,149 1,102,939 - 629,196 3,405,284 Investments in associated companies - 703,156 - - 703,156 4,108,440 Segment liabilities 1,423,624 609,958 - 4,634 2,038,216 OPC Israel CPV Group ZIM Others Total $ Thousands 2022 Revenue 516,668 57,289 - - 573,957 Profit before taxes 23,728 61,039 305,376 (2,504 ) 387,639 Income tax expense (9,522 ) (9,892 ) - (18,566 ) (37,980 ) Profit/(loss) from continuing operations 14,206 51,147 305,376 (21,070 ) 349,659 Depreciation and amortization 47,134 15,519 - 223 62,876 Financing income (10,301 ) (25,197 ) - (9,188 ) (44,686 ) Financing expenses 42,062 7,521 - 814 50,397 Other items: Losses related to ZIM - - 727,650 - 727,650 Share in profit of CPV excluding share of depreciation and - 167,862 - - 167,862 Changes in net expenses, not in the ordinary course of - 2,978 - - 2,978 Share of changes in fair value of derivative financial instruments - 2,383 - - 2,383 Share in profit of associated companies - (85,149 ) (1,033,026 ) - (1,118,175 ) 78,895 85,917 (305,376 ) (8,151 ) (148,715 ) Adjusted EBITDA 102,623 146,956 - (10,655 ) 238,924 Segment assets 1,503,811 552,569 - 636,263 2,692,643 Investments in associated companies - 652,358 427,059 - 1,079,417 3,772,060 Segment liabilities 1,226,395 241,468 - 8,279 1,476,142 OPC Israel CPV Group ZIM Others Total $ Thousands 2021 Revenue 437,043 50,720 - - 487,763 (Loss)/profit before taxes (57,040 ) (60,709 ) 1,260,789 (263,398 ) 879,642 Income tax benefit/(expense) 10,155 13,696 - (28,176 ) (4,325 ) (Loss)/profit from continuing operations (46,885 ) (47,013 ) 1,260,789 (291,574 ) 875,317 Depreciation and amortization 44,296 13,102 - 242 57,640 Financing income (2,730 ) (37 ) - (167 ) (2,934 ) Financing expenses 119,392 24,640 - 263 144,295 Other items: Losses related to Qoros - - - 251,483 251,483 Losses related to ZIM - - 204 - 204 Share in profit of CPV excluding share of depreciation and - 105,668 - - 105,668 Changes in net expenses, not in the ordinary course of - 929 - - 929 Share of changes in fair value of derivative financial instruments - 44,901 - - 44,901 Share in losses/(profit) of associated companies 419 10,425 (1,260,993 ) - (1,250,149 ) 161,377 199,628 (1,260,789 ) 251,821 (647,963 ) Adjusted EBITDA 104,337 138,919 - (11,577 ) 231,679 Segment assets 1,481,149 431,474 - 226,337 2,138,960 Investments in associated companies - 545,242 1,354,212 - 1,899,454 4,038,414 Segment liabilities 1,324,217 218,004 - 215,907 1,758,128
Schedule of Major Customers and Percentage of Group's Total Revenues	2023 2022 2021 Customer Total revenues Percentage of revenues of the Group Total revenues Percentage of revenues of the Group Total revenues Percentage of revenues of the Group Customer 1 99,945 14.45 % 107,081 18.66 % 93,959 19.26 % Customer 2 79,000 11.42 % 73,518 12.81 % 70,801 14.52 % Customer 3 71,013 10.27 % - * - * - * - * * Represents an amount less than 10% of the revenues.
Schedule of Information Based on Geographic Areas	For the year ended December 31, 2023 2022 2021 $ Thousands Israel 618,830 516,668 437,043 United States 72,966 57,289 50,720 Total revenue 691,796 573,957 487,763
Schedule of Detailed Information About Groups Non Current Assets On Basis Of Geographic Location Explanatory	As at December 31, 2023 2022 $ Thousands Israel 1,290,652 1,050,386 United States 745,442 392,734 Others 15 96 Total non-current assets 2,036,109 1,443,216 * Composed of property, plant and equipment and intangible assets.

Related-party Information (Tabl

Related-party Information (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Schedule of Transactions with Directors and Officers (Kenon's Directors and Officers)	For the year ended December 31, 2023 2022 $ Thousands Short-term benefits 2,316 2,229 Share-based payments 296 292 2,612 2,521
Schedule of Detailed Information About Transactions With Related Parties (Excluding Associates) Explanatory	For the year ended December 31, 2023 2022 2021 $ Thousands Sale of electricity and revenues from provision of services 31,694 94,264 88,004 Cost of sales (2,620 ) (658 ) 7,802 Dividend received from associate 154,672 727,309 143,964 Other expenses/(income), net 479 - (337 ) Financing (income)/expenses, net (4,130 ) 580 39,901
Schedule of Transactions with Associates	As at December 31, 2023 2022 Other related parties * $ Thousands Cash and cash equivalent 55,505 176,246 Short-term deposits and restricted cash - 35,662 Trade receivables and other receivables 33,668 15,421 Other payables (108 ) (535 ) Loans and Other Liabilities In US dollar or linked thereto (43,171 ) (34,524 ) * IC, Israel Chemicals Ltd (“ICL”), Oil Refineries Ltd (“Bazan”).

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Schedule of Maximum Exposure to Credit Risk for Financial Assets	As at December 31, 2023 2022 $ Thousands Carrying amount Cash and cash equivalents 696,838 535,171 Short-term and long-term deposits and restricted cash 16,769 61,136 Trade receivables and other assets 189,001 122,797 Short-term and long-term derivative instruments - 16,730 Other investments 215,797 344,780 1,118,405 1,080,614
Schedule of Maximum Exposure to Credit Risk for Trade Receivables By Geographic Region	As at December 31, 2023 2022 $ Thousands Israel 55,865 67,177 United States 12,129 6,723 67,994 73,900
Schedule of Aging of Trade Receivables	As at December 31 2023 2022 $ Thousands Not past due nor impaired 67,994 73,900
Schedule of f debt securities	ECL on other investments 2023 2022 2021 $ Thousands Balance as at 1 January 732 - - Impairment loss on debt securities at FVOCI 642 732 - Balance as at 31 December 1,374 732 -
Schedule of Anticipated Repayment Dates of the Financial Liabilities	As at December 31, 2023 Book value Projected cash flows Up to 1 year 1-2 years 2-5 years More than 5 years $ Thousands Non-derivative financial liabilities Trade payables 70,661 70,661 70,661 - - - Other current liabilities 84,656 84,656 84,656 - - - Lease liabilities including interest payable * 61,428 140,049 4,725 4,856 12,923 117,545 Debentures (including interest payable) * 511,030 559,419 65,669 68,921 313,293 111,536 Loans from banks and others including interest * 1,023,916 1,316,647 173,743 100,209 375,479 667,216 1,751,691 2,171,432 399,454 173,986 701,695 896,297 * Includes current portion of long-term liabilities. As at December 31, 2022 Book value Projected cash flows Up to 1 year 1-2 years 2-5 years More than 5 years $ Thousands Non-derivative financial liabilities Trade payables 95,036 95,036 95,036 - - - Other current liabilities 17,681 17,681 17,681 - - - Lease liabilities including interest payable * 37,570 46,938 17,812 2,855 6,756 19,515 Debentures (including interest payable) * 526,771 588,997 22,413 66,467 223,939 276,178 Loans from banks and others including interest * 640,348 793,946 44,142 74,438 172,343 503,023 1,317,406 1,542,598 197,084 143,760 403,038 798,716 * Includes current portion of long-term liabilities.
Schedule of Exposure Foreign Currency Risk Non Hedging Derivative Financial Instruments Explanatory	As at December 31, 2023 Currency/ Currency/ Amount Amount Expiration Fair value $ Thousands Forward contracts on exchange rates Dollar NIS 5,762 21,066 2024 (175 ) As at December 31, 2023 Currency/ Currency/ Amount Amount Expiration Fair value $ Thousands Forward contracts on exchange rates Dollar NIS 2,622 9,498 2024 4 As at December 31, 2022 Currency/ Currency/ Amount Amount Expiration Fair value $ Thousands Forward contracts on exchange rates Dollar NIS 5,566 18,912 2023 641
Schedule of Detailed Information About Exposure To Index Risk With Respect To Derivative Instruments Explanatory	As at December 31, 2023 Index receivable Interest payable Expiration date Amount of linked principal Fair value $ Thousands CPI-linked derivative instruments Interest exchange contract CPI 1.76 % 2036 81,051 10,268 As at December 31, 2022 Index receivable Interest payable Expiration date Amount of linked principal Fair value $ Thousands CPI-linked derivative instruments Interest exchange contract CPI 1.76 % 2036 89,619 9,353
Schedule of Detailed Information About Exposure To Cpi And Foreign Currency Risks Explanatory	As at December 31, 2023 Foreign currency Shekel Unlinked CPI linked Other Non-derivative instruments Cash and cash equivalents 91,247 - 2,263 Short-term deposits and restricted cash 15,218 - - Trade receivables 55,865 - - Other current assets 10,841 - 72 Total financial assets 173,171 - 2,335 Trade payables 28,479 - 1,633 Other current liabilities 7,545 4,680 116 Loans from banks and others and debentures 779,808 413,811 - Total financial liabilities 815,832 418,491 1,749 Total non-derivative financial instruments, net (642,661 ) (418,491 ) 586 Derivative instruments - 10,268 - Net exposure (642,661 ) (408,223 ) 586 As at December 31, 2022 Foreign currency Shekel Unlinked CPI linked Other Non-derivative instruments Cash and cash equivalents 165,186 - 1,102 Short-term deposits and restricted cash 35,695 - - Trade receivables 10,007 - - Other current assets 58,006 - 212 Long-term deposits and restricted cash 15,146 - - Total financial assets 284,040 - 1,314 Trade payables 36,669 - 14,734 Other current liabilities 20,930 5,494 640 Loans from banks and others and debentures 583,651 414,071 - Total financial liabilities 641,250 419,565 15,374 Total non-derivative financial instruments, net (357,210 ) (419,565 ) (14,060 ) Derivative instruments - 9,353 - Net exposure (357,210 ) (410,212 ) (14,060 )
Schedule of Sensitivity Analysis	As at December 31, 2023 10% increase 5% increase 5% decrease 10% decrease $ Thousands Non-derivative instruments Shekel/dollar 1,208 604 (604 ) (1,208 ) Shekel/EUR 43 22 (22 ) (43 ) dollar/EUR (15,855 ) (7,928 ) 7,928 15,855 As at December 31, 2023 2% increase 1% increase 1% decrease 2% decrease $ Thousands Non-derivative instruments CPI (6,114 ) (3,058 ) 3,058 6,114 As at December 31, 2022 10% increase 5% increase 5% decrease 10% decrease $ Thousands Non-derivative instruments Shekel/dollar (7,375 ) (3,687 ) 3,687 7,375 Shekel/EUR (1,094 ) (547 ) 547 1,094 As at December 31, 2022 2% increase 1% increase 1% decrease 2% decrease $ Thousands Non-derivative instruments CPI (6,306 ) (3,153 ) 3,153 6,306
Schedule of Type of Interest Borne by Financial Instruments	As at December 31, 2023 2022 Carrying amount $ Thousands Fixed rate instruments Financial assets 311,951 549,467 Financial liabilities (864,953 ) (837,698 ) (553,002 ) (288,231 ) Variable rate instruments Financial assets 54,408 4,827 Financial liabilities (665,080 ) (324,887 ) (610,672 ) (320,060 )
Schedule of Detailed Information About Increased Decreased Profit And Loss Before Tax By Amounts Explanatory	As at December 31, 2023 100bp increase 100 bp decrease $ Thousands Variable rate instruments (6,107 ) 6,107 As at December 31, 2022 100bp increase 100 bp decrease $ Thousands Variable rate instruments (3,201 ) 3,201
Schedule of sensitive analysis for change in LIBOR interest rate	As at December 31, 2023 1.5% decrease 1.0% decrease 1.0% increase 1.5% increase $ Thousands Long-term loans (SOFR) (2,538 ) (1,691 ) 1,691 2,538 Interest rate swaps (SOFR) 1,555 1,036 (1,036 ) (1,555 )
Schedule of derivative financial instruments used for hedging	As at December 31, 2023 Linkage receivable Interest rate Expiration date Amount of the linked reserve Fair value $ Thousands Interest rate swaps USD SOFR interest 0.83%-4.0 % 2030-2041 185,478 4,138
Schedule of Carrying Amount and Fair Value of Financial Instrument Groups	As at December 31, 2023 Carrying amount Fair value Liabilities $ Thousands Non-convertible debentures 511,030 485,196 Long-term loans from banks and others (excluding interest) 898,546 906,911 Loans from non-controlling interests 125,252 127,960 As at December 31, 2022 Carrying amount Fair value Liabilities $ Thousands Non-convertible debentures 526,771 492,714 Long-term loans from banks and others (excluding interest) 516,195 528,011 Loans from non-controlling interests 124,153 113,673
Schedule of Detailed Information About Valuation Techniques Used In Measuring Level 2 Fair Values Explanatory	Type Valuation technique Significant unobservable data Inter-relationship between significant unobservable inputs and fair value measurement Long-term investment (Qoros) The Group assessed the fair value of the long-term investment (Qoros) using the present value of the expected cash flows. The likelihood of expected cash flows. The estimated fair value would increase if the likelihood of expected cash flows increase.

Material Accounting Policies (N

Material Accounting Policies (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 segment
Disclosure of significant accounting policies [Abstract]
Non financial liability profit or loss period	5 years
Reportable segments	3

Material Accounting Policies (s

Material Accounting Policies (schedule of useful lives for property, plant and equipment) (Details)	12 Months Ended
	Dec. 31, 2023
Roads, buildings and land [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (Years)	23 – 30	[1]
Power plants [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (Years)	23 – 40
Maintenance work [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (Years)	1.5 – 15 years
Back up diesel fuel [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (Years)	by consumption
[1]Freehold land is not depreciated.

Material Accounting Policies _2

Material Accounting Policies (schedule of estimated useful lives for intangible assets) (Details)	12 Months Ended
	Dec. 31, 2023
Power Purchase Agreement [Member]
Disclosure of detailed information about intangible assets [line items]
Estimated useful lives	10 years
Others [Member]
Disclosure of detailed information about intangible assets [line items]
Estimated useful lives	1-33 years

Material Accounting Policies _3

Material Accounting Policies (Schedule of depreciation of right-of-use asset) (Details)	12 Months Ended
	Dec. 31, 2023
Land [member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (Years)	19 – 49
Other assets [member]
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (Years)	12 - 16

Cash and Cash Equivalents (Sche

Cash and Cash Equivalents (Schedule of Cash and Cash Equivalents) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents [abstract]
Cash and cash equivalents in banks	$ 537,478	$ 361,580
Time deposits	159,360	173,591
Cash and cash equivalents	$ 696,838	$ 535,171	$ 474,544	$ 286,184

Short-Term Deposits and Restr_3

Short-Term Deposits and Restricted Cash (Schedule of Short-Term Deposits and Restricted Cash) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Short Term Investments And Deposits Abstract
Short-term deposits with bank and others	$ 0	$ 35,662
Short-term restricted cash	532	10,328
Short-term deposits and restricted cash	$ 532	$ 45,990

Other Investments (Narrative) (

Other Investments (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Minimum [Member]
Other Investments [Line Items]
Interest rate of other investments	0.25%	0.26%
Maximum [Member]
Other Investments [Line Items]
Interest rate of other investments	7.625%	5.94%
Maturity of other investments	2 years	2 years

Other Investments (Details)

Other Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Other Investments [Abstract]
Debt investments - at FVOCI	$ 215,797	$ 344,780

Other Current Assets (Narrative

Other Current Assets (Narrative) (Details) $ in Millions	Dec. 31, 2023 USD ($)
Disclosure of other current assets [Abstract]
Hedging instrument, recognized amount	$ 20
Hedging instrument, collateral development	$ 15

Other Current Assets (Schedule

Other Current Assets (Schedule of Other Current Assets) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Disclosure of other current assets [Abstract]
Advances to suppliers		$ 0	$ 1,219
Prepaid expenses		12,909	10,004
Input tax receivable		8,291	4,660
Grant receivable	[1]	74,522	0
Deposits in connection with projects under construction	[2]	3,755	35,475
Others		12,226	7,598
Other current assets		$ 111,703	$ 58,956
[1]See Note 18.A.4.d for more information.[2]Collateral provided to secure a hedging agreement in CPV Valley amounting to $20 million and collaterals provided in connection with renewable energy projects under development in the United States amounting to $15 million in 2022 were released during the year.

Investment in Associated Comp_3

Investment in Associated Companies (Additional Information - ZIM) (Narrative) (Details) $ in Thousands		1 Months Ended			3 Months Ended		12 Months Ended
		Mar. 31, 2022 ₪ / shares	Mar. 31, 2022 USD ($) shares	Feb. 28, 2021 USD ($) shares	Nov. 30, 2021 ₪ / shares	Nov. 30, 2021 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($)
Disclosure of associates [line items]
Initial public offering, shares issued | shares							7,000	8,000
Total equity							$ 2,070,224	$ 2,295,918	$ 2,280,286	$ 1,276,008
Operating profit/loss from continuing operations							42,563	2,825	22,541
Profit/loss for the year							(210,948)	349,659	875,317
Impairment loss recognised in profit or loss							929,000
Borrowings							1,530,033	1,163,071
Proceeds from repurchase of notes							0	0	262,750
Z I M Member
Disclosure of associates [line items]
Total equity							2,500,000	5,900,000
Working capital							53,000	1,600,000
Operating profit/loss from continuing operations							2,500,000	6,100,000	5,800,000
Profit/loss for the year							2,700,000	4,600,000	4,600,000
Impairment loss recognised in profit or loss							0	928,809	0
Investments in associates							0	427,059
Recognized gain (loss) on dilution							$ 1,000	$ 3,000	$ 39,000
Number of shares sold | shares			6,000,000			1,200,000
Number of shares being exercised | shares							137,000	407,000	5,200,000
Average price of shares sold | ₪ / shares		₪ 77			₪ 58
Value of shares sold			$ 463,000			$ 67,000
Gain on sale of shares by Kenon			$ 205			$ 30,000
Proportion of ownership interest in associate			26%			28%	21%	21%	26%
Unrecognised losses	[1]						$ 270,906	$ 0
Z I M Member | Initial Public Offering [Member]
Disclosure of associates [line items]
Initial public offering, shares issued | shares				15,000,000
Issue of equity				$ 225,000
Recognized gain (loss) on dilution								$ 10,000
Proportion of ownership interest in associate								32%
Z I M Member | Initial Public Offering [Member] | Fully diluted basis [Member]
Disclosure of associates [line items]
Proportion of ownership interest in associate								28%
[1]As of December 31, 2023, additional share of losses of $271 million were unrecognized as the carrying amount of ZIM has been reduced to zero.

Investment in Associated Comp_4

Investment in Associated Companies (Additional Information - OPC) (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Apr. 30, 2020
Disclosure of associates [line items]
Gain on third party investment in Qoros			$ 0	$ 0	$ (251,483)
Borrowings			1,530,033	$ 1,163,071
CPV Valley [Member]
Disclosure of associates [line items]
Face amount			415,000
Shareholder loan			17,000
Repayments of borrowings			55,000
Amount of outstanding debt			$ 400,000
Quantum [Member] | Disposal of major subsidiary [Member]
Disclosure of associates [line items]
Proportion of ownership interest in joint venture			12%	12%
New Qoros Investor [Member]
Disclosure of associates [line items]
Investments in joint ventures		$ 1,002,000
Proportion of ownership interest in joint venture		51%
Consideration transferred, acquisition-date fair value		$ 504,000
Sale of remaining interest							$ 220,000
New Qoros Investor in Qoros [Member]
Disclosure of associates [line items]
Proportion of ownership interest in joint venture	24%
Sale of remaining interest	$ 220,000
Kenon put option in relation to Qoros [Member]
Disclosure of associates [line items]
Percentage of interest sold	12%		12%
Kenon remaining interest in Qoros [Member]
Disclosure of associates [line items]
Proportion of ownership interest in joint venture	12%
Qoros to Chery [Member]
Disclosure of associates [line items]
Companys Back To Back Guarantee Obligations Upon Completion Of Sale						$ 16,000

Investment in Associated Comp_5

Investment in Associated Companies (Condensed Information Regarding Statement of Financial Position) (Details) - USD ($) $ in Thousands		1 Months Ended		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Apr. 30, 2021	Nov. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of associates [line items]
Current assets					$ 1,096,041	$ 1,061,715
Non-current assets					3,012,399	2,710,345
Current liabilities					(358,799)	(192,978)
Non-current liabilities					(1,679,417)	(1,283,164)
Non-controlling interests					$ (866,915)	$ (697,433)
Qoros [Member]
Disclosure of associates [line items]
Proportion of ownership interest			12%
Z I M Member
Disclosure of associates [line items]
Principal place of business					International	International
Proportion of ownership interest		26%		28%	21%	21%	26%
Current assets					$ 2,571,400	$ 4,271,600
Non-current assets					5,774,600	7,353,700
Current liabilities					(2,518,100)	(2,662,200)
Non-current liabilities					(3,369,900)	(3,067,200)
Total net assets					2,458,000	5,895,900
Group's share of net assets					507,019	1,217,797
Excess cost					150,884	138,071
Total impairment loss					(928,809)	(928,809)
Unrecognised losses	[1]				270,906	0
Book value of investment					0	427,059
Investments in associated companies					$ 0	$ 427,059
Fairview [Member]
Disclosure of associates [line items]
Principal place of business					US
Proportion of ownership interest					25%	25%
Current assets					$ 44,500	$ 98,942
Non-current assets					911,763	938,869
Current liabilities					(64,909)	(166,468)
Non-current liabilities					(344,274)	(400,309)
Total net assets					547,080	471,034
Group's share of net assets					136,770	117,759
Excess cost					79,018	80,414
Total impairment loss					0	0
Unrecognised losses	[1]				0	0
Book value of investment					215,788	198,173
Investments in associated companies					$ 215,788	$ 198,173
Maryland [Member]
Disclosure of associates [line items]
Principal place of business					US
Proportion of ownership interest					25%	25%
Current assets					$ 46,586	$ 73,985
Non-current assets					650,720	654,720
Current liabilities					(64,155)	(73,883)
Non-current liabilities					(314,069)	(320,518)
Total net assets					319,082	334,304
Group's share of net assets					79,771	83,576
Excess cost					(13,943)	(14,396)
Total impairment loss					0	0
Unrecognised losses	[1]				0	0
Book value of investment					65,828	69,180
Investments in associated companies					$ 65,828	$ 69,180
Shore [Member]
Disclosure of associates [line items]
Principal place of business					US
Proportion of ownership interest					37.50%	37.50%
Current assets					$ 54,014	$ 92,808
Non-current assets					935,750	983,576
Current liabilities					(64,360)	(53,619)
Non-current liabilities					(645,995)	(649,860)
Total net assets					279,409	372,905
Group's share of net assets					104,862	139,951
Excess cost					(48,999)	(52,777)
Total impairment loss					0	0
Unrecognised losses	[1]				0	0
Book value of investment					55,863	87,174
Investments in associated companies					$ 55,863	$ 87,174
Towantic [Member]
Disclosure of associates [line items]
Principal place of business					US
Proportion of ownership interest					26%	26%
Current assets					$ 74,591	$ 86,698
Non-current assets					880,572	936,268
Current liabilities					(201,226)	(133,746)
Non-current liabilities					(222,946)	(490,610)
Total net assets					530,991	398,610
Group's share of net assets					138,058	103,639
Excess cost					26,561	26,615
Total impairment loss					0	0
Unrecognised losses	[1]				0	0
Book value of investment					164,619	130,254
Investments in associated companies					$ 164,619	$ 130,254
Valley [Member]
Disclosure of associates [line items]
Principal place of business					US
Proportion of ownership interest					50%	50%
Current assets					$ 48,015	$ 59,191
Non-current assets					673,339	678,540
Current liabilities					(105,317)	(542,176)
Non-current liabilities					(371,771)	(6,450)
Total net assets					244,266	189,105
Group's share of net assets					122,133	94,553
Excess cost					(503)	(806)
Total impairment loss					0	0
Unrecognised losses	[1]				0	0
Book value of investment					121,630	93,747
Investments in associated companies					$ 121,630	$ 93,747
Three Rivers [Member]
Disclosure of associates [line items]
Principal place of business					US
Proportion of ownership interest					10%	10%
Current assets					$ 52,425	$ 32,626
Non-current assets					1,393,984	1,338,392
Current liabilities					(120,546)	(47,939)
Non-current liabilities					(711,571)	(820,943)
Total net assets					614,292	502,136
Group's share of net assets					62,370	60,609
Excess cost					8,368	8,379
Total impairment loss					0	0
Unrecognised losses	[1]				0	0
Book value of investment					70,738	68,988
Investments in associated companies					$ 70,738	$ 68,988
[1]As of December 31, 2023, additional share of losses of $271 million were unrecognized as the carrying amount of ZIM has been reduced to zero.

Investment in Associated Comp_6

Investment in Associated Companies (Condensed Information Regarding Results of Operations) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Disclosure of associates [line items]
Revenue		$ 691,796		$ 573,957		$ 487,763
(Loss) / income		(235,978)		312,652		930,273
Total comprehensive income		(246,936)		290,985		969,862
Depreciation and amortization		90,939		62,876		57,640
Income taxes		25,199		37,980		4,325
Z I M Member
Disclosure of associates [line items]
Revenue		5,162,200	[1]	12,561,600	[1]	10,728,698
(Loss) / income	[2]	(2,695,600)	[1]	4,619,400	[1]	4,640,305
Other comprehensive income	[2]	(12,300)	[1]	(41,200)	[1]	(3,462)
Total comprehensive income		(2,683,300)	[1]	4,578,200	[1]	4,636,843
Kenon's share of comprehensive income		(279,236)	[1]	1,023,567	[1]	1,258,913
Adjustments		13,190	[1]	558	[1]	1,116
Kenon share of comprehensive income presented in the books		(266,046)	[1]	1,024,125	[1]	1,260,029
Fairview [Member]
Disclosure of associates [line items]
Revenue		273,763		373,967		199,030
(Loss) / income	[2]	106,110		98,907		9,666
Other comprehensive income	[2]	(17,066)		15,730		11,192
Total comprehensive income		89,044		114,637		20,858
Kenon's share of comprehensive income		22,261		28,659		5,214
Adjustments		(1,928)		(1,267)		(1,249)
Kenon share of comprehensive income presented in the books		(20,333)		27,392		3,965
Cpv Maryland [Member]
Disclosure of associates [line items]
Revenue		238,800		243,710		170,292
(Loss) / income	[2]	23,956		33,249		5,420
Other comprehensive income	[2]	(25,678)		6,419		10,983
Total comprehensive income		(1,722)		39,668		16,403
Kenon's share of comprehensive income		(431)		9,917		4,101
Adjustments		453		458		2,354
Kenon share of comprehensive income presented in the books		22		10,375		6,455
Shore [Member]
Disclosure of associates [line items]
Revenue		134,805		261,386		189,985
(Loss) / income	[2]	(74,767)		6,853		16,247
Other comprehensive income	[2]	(18,728)		16,301		7,779
Total comprehensive income		(93,495)		23,154		24,026
Kenon's share of comprehensive income		(35,089)		8,690		9,017
Adjustments		3,777		3,554		3,644
Kenon share of comprehensive income presented in the books		(31,312)		12,244		12,661
Towantic [Member]
Disclosure of associates [line items]
Revenue		395,779		494,665		258,292
(Loss) / income	[2]	163,651		47,436		18,520
Other comprehensive income	[2]	(31,270)		22,616		11,140
Total comprehensive income		132,381		70,052		29,660
Kenon's share of comprehensive income		34,419		18,214		7,711
Adjustments		(54)		(184)		50
Kenon share of comprehensive income presented in the books		34,365		18,030		7,761
Valley [Member]
Disclosure of associates [line items]
Revenue		239,165		405,548		139,473
(Loss) / income	[2]	32,527		(69,138)		(58,793)
Other comprehensive income	[2]	22,637		(1,178)		(3,710)
Total comprehensive income		55,164		(70,316)		(55,083)
Kenon's share of comprehensive income		27,582		(35,158)		(27,542)
Adjustments		301		413		681
Kenon share of comprehensive income presented in the books		27,883		(35,571)		(26,861)
Three Rivers [Member]
Disclosure of associates [line items]
Revenue		(145,380)		(2,722)		174
(Loss) / income	[2]	(603)		(7,934)		(9,281)
Other comprehensive income	[2]	12,310		53,814		19,361
Total comprehensive income		(11,707)		45,880		10,080
Kenon's share of comprehensive income		(1,171)		4,588		1,008
Adjustments		(11)		0		0
Kenon share of comprehensive income presented in the books		$ (1,182)		$ 4,588		$ 1,008
[1]As of December 31, 2023, additional share of losses of $271 million were unrecognized as the carrying amount of ZIM has been reduced to zero.[2]Excludes portion attributable to non-controlling interest.

Investment in Associated Comp_7

Investment in Associated Companies (Schedule of changes of interest in Zim) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of associates [line items]
(Impairment)/write back of ZIM investment	$ (929,000)
Net gains/(losses) related to the changes of interest in ZIM	(860)	$ (727,650)	$ (204)
Z I M Member
Disclosure of associates [line items]
Gain on dilution from ZIM IPO	0	0	9,724
Loss on dilution from ZIM options exercised	860	(3,475)	(39,438)
Gain on sale of ZIM shares	0	204,634	29,510
(Impairment)/write back of ZIM investment	0	(928,809)	0
Net gains/(losses) related to the changes of interest in ZIM	$ (860)	$ (727,650)	$ (204)

Investment in Associated Comp_8

Investment in Associated Companies (OPC's associated companies) (Details) - Opc Energy Ltd [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CPV Valley Holdings, LLC
Disclosure of associates [line items]
Principal place of business	New York	New York
Proportion of ownership interest	50%	50%
CPV, Three Rivers, LLC
Disclosure of associates [line items]
Principal place of business	Illinois	Illinois
Proportion of ownership interest	10%	10%
CPV Fairview, LLC
Disclosure of associates [line items]
Principal place of business	Pennsylvania	Pennsylvania
Proportion of ownership interest	25%	25%
CPV Maryland, LLC
Disclosure of associates [line items]
Principal place of business	Maryland	Maryland
Proportion of ownership interest	25%	25%
CPV Shore Holdings, LLC
Disclosure of associates [line items]
Principal place of business	New Jersey	New Jersey
Proportion of ownership interest	38%	38%
CPV Towantic, LLC
Disclosure of associates [line items]
Principal place of business	Connecticut	Connecticut
Proportion of ownership interest	26%	26%

Long-term investment (Qoros) (N

Long-term investment (Qoros) (Narrative) (Details) $ in Thousands, ¥ in Millions

1 Months Ended

12 Months Ended

Apr. 30, 2021 CNY (¥)

Jan. 31, 2019 CNY (¥)

Jan. 31, 2018 CNY (¥)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2023 CNY (¥)

Dec. 31, 2023 USD ($)

Apr. 30, 2021 USD ($)

Dec. 31, 2020 USD ($)

Apr. 30, 2020 CNY (¥)

Apr. 30, 2020 USD ($)

Jan. 31, 2019 USD ($)

Jan. 31, 2018 USD ($)

Disclosure of associates [line items]

Gain on third party investment in Qoros

$ 0

$ 0

$ (251,483)

Borrowings

$ 1,163,071

$ 1,530,033

Quantum [Member] | Disposal of major subsidiary [Member]

Disclosure of associates [line items]

Proportion of ownership interest in joint venture

12%

12%

Chery [Member] | Disposal of major subsidiary [Member]

Disclosure of associates [line items]

Proportion of ownership interest in joint venture

25%

25%

Kenon [Member]

Disclosure of associates [line items]

Payment towards guarantee obligations

16,000

Payments due in respect of loan facility

16,000

Qoros [Member]

Disclosure of associates [line items]

Gain on third party investment in Qoros

$ 153,000

Percentage of interest sold

12%

Total consideration transferred

$ 245,000

Proportion of ownership interest in associate

12%

Fair value loss on investements

$ 235,000

Qoros [Member] | China, Yuan Renminbi [Member]

Disclosure of associates [line items]

Total consideration transferred | ¥

¥ 1,560

Amount of loan against pledged shares | ¥

¥ 1,200

Qoros [Member] | China, Yuan Renminbi [Member] | Additional Funding [Member]

Disclosure of associates [line items]

Borrowings | ¥

¥ 1,200

Qoros [Member] | Disposal of major subsidiary [Member]

Disclosure of associates [line items]

Proportion of ownership interest in joint venture

63%

63%

Qoros [Member] | Remaining interest in Qoros of Kenon [Member]

Disclosure of associates [line items]

Proportion of ownership interest in joint venture

12%

New Qoros Investor [Member]

Disclosure of associates [line items]

Investments in joint ventures

$ 1,002,000

Proportion of ownership interest in joint venture

51%

Total consideration transferred

$ 504,000

Sale of remaining interest

$ 220,000

New Qoros Investor [Member] | China, Yuan Renminbi [Member]

Disclosure of associates [line items]

Investments in joint ventures | ¥

¥ 6,630

Total consideration transferred | ¥

¥ 3,315

Sale of remaining interest | ¥

¥ 1,560

New Qoros Investor in Qoros [Member]

Disclosure of associates [line items]

Proportion of ownership interest in joint venture

24%

Sale of remaining interest

$ 220,000

New Qoros Investor in Qoros [Member] | China, Yuan Renminbi [Member]

Disclosure of associates [line items]

Sale of remaining interest | ¥

¥ 1,560

Kenon put option in relation to Qoros [Member]

Disclosure of associates [line items]

Percentage of interest sold

12%

12%

Kenon remaining interest in Qoros [Member]

Disclosure of associates [line items]

Proportion of ownership interest in joint venture

12%

Qoros to Chery [Member]

Disclosure of associates [line items]

Companys Back To Back Guarantee Obligations Upon Completion Of Sale

$ 16,000

Long-term investment (Qoros) (S

Long-term investment (Qoros) (Schedule of changes of interest in Qoros) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Fair value loss on remaining 12% interest in Qoros	$ 0	$ 0	$ (235,218)
Payment of financial guarantee	0	0	(16,265)
Net gains/(losses) related to the changes of interest in Qoros	$ 0	$ 0	$ (251,483)

Subsidiaries (Narrative) (Detai

Subsidiaries (Narrative) (Details) ₪ / shares in Units, ₪ in Thousands, $ in Thousands

1 Months Ended

12 Months Ended

Mar. 30, 2023 ILS (₪)

Mar. 30, 2023 USD ($)

Jan. 31, 2023 ILS (₪) MW-M

Sep. 30, 2022 ILS (₪) ₪ / shares shares

Sep. 30, 2022 USD ($)

Jul. 31, 2022 USD ($)

Jul. 22, 2022 ILS (₪) ₪ / shares shares

Jul. 22, 2022 USD ($)

Oct. 31, 2021 ILS (₪) shares

Oct. 31, 2021 USD ($) shares

Sep. 30, 2021 ILS (₪) ₪ / shares shares

Sep. 30, 2021 USD ($) shares

Feb. 21, 2021 ILS (₪)

Feb. 21, 2021 USD ($)

Jan. 25, 2021 USD ($)

Oct. 31, 2020 ILS (₪)

Dec. 31, 2023 ILS (₪)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 ILS (₪)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2023 USD ($)

Apr. 05, 2023 USD ($)

Mar. 30, 2023 USD ($)

Feb. 28, 2023 ILS (₪) ₪ / shares shares

Feb. 28, 2023 USD ($) shares

Dec. 31, 2022 USD ($)

Jan. 31, 2021 USD ($)

Oct. 31, 2020 USD ($)

Disclosure of subsidiaries [line items]

Selling, general and administrative expense

$ 84,715

$ 99,936

$ 75,727

Non-controlling interests

$ 866,915

$ 697,433

Accumulated profit

$ 1,087,041

1,504,592

Distributed dividends

$ 150,365

299,025

Assets amortization years

27 years

27 years

Opc Gat Power Plant [Member]

Disclosure of subsidiaries [line items]

Total consideration transferred

₪ 870,000

$ 242,000

Consideration after working capital adjustments

270,000

75,000

Amount of investment undertakings and provision for shareholders loans

303,000

$ 84,000

Deferred consideration

₪ 285,000

₪ 300,000

$ 83,000

$ 79,000

Discount rate applied to cash flow projections

8%

8%

Opc Gat Power Plant [Member] | Minimum [Member]

Disclosure of subsidiaries [line items]

Discount rate applied to cash flow projections

8%

8%

Opc Gat Power Plant [Member] | Maximum [Member]

Disclosure of subsidiaries [line items]

Discount rate applied to cash flow projections

8.75%

8.75%

Mountain Wind Power Plant [Member]

Disclosure of subsidiaries [line items]

Approximate consideration transferred

$ 175,000

Increase In Facility | ₪

₪ 100,000

Power Plant Capacity | MW-M

81.5

Mountain Wind Power Plant [Member] | Minimum [Member]

Disclosure of subsidiaries [line items]

Discount rate applied to cash flow projections

5.75%

Assets amortization years

13 years

Useful life of property, plant, and equipment

20 years

Mountain Wind Power Plant [Member] | Maximum [Member]

Disclosure of subsidiaries [line items]

Discount rate applied to cash flow projections

6.25%

Assets amortization years

17 years

Useful life of property, plant, and equipment

29 years

Kenon [Member]

Disclosure of subsidiaries [line items]

Non-controlling interests

104,000

136,000

Accumulated profit

38,000

58,000

Number of shares issued | shares

3,898,000

Kenon [Member] | Rights Issue [Member]

Disclosure of subsidiaries [line items]

Percentage of remaining shares sold

58.80%

58.80%

Non-controlling interests

$ 41,000

Accumulated profit

60,000

Issue of equity

₪ 206,000

$ 64,000

Number of shares issued upon exercise of Rights | shares

8

8

CPV Group [Member]

Disclosure of subsidiaries [line items]

Approximate consideration transferred

$ 648,000

Deposits at acquisition date

$ 5,000

Proportion of ownership interest in joint venture

70%

Investment in subsidiary

₪ 103,000

$ 32,000

Identifiable assets and liabilities

$ 580,000

Goodwill

$ 105,000

Opc Israel [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interests held by non-controlling interests

80%

80%

Veridis [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interests held by non-controlling interests

20%

20%

Opc Member

Disclosure of subsidiaries [line items]

Increase Decrease In Equity Interest Percentage

4%

4%

Non-controlling interests

$ 486,598

865,676

697,433

Number of shares issued | shares

12,500,000

9,443,800

43

Shares Issued Price Per Share 1 | ₪ / shares

₪ 0.01

₪ 0.01

Issue of equity

$ 141,000

$ 39,000

Issuance expenses

$ 1,000

Proportion of ownership interest in subsidiary

[1]

59.88%

59.88%

56.20%

56.20%

53.14%

Opc Member | Rights Issue [Member]

Disclosure of subsidiaries [line items]

Number of shares issued | shares

13,174,419

Shares Issued Price Per Share 1 | ₪ / shares

₪ 0.01

Right unit price per share for three shares | ₪ / shares

75

Right unit price per share | ₪ / shares

₪ 25

Proceeds from exercise of rights

₪ 329,000

$ 102,000

Number of shares issued upon exercise of Rights | shares

13,141,040

13,141,040

Percentage of total shares offered in rights offering

99.70%

99.70%

Opc Member | Altshuler Shaham Ltd [Member]

Disclosure of subsidiaries [line items]

Number of shares issued | shares

10,300,000

10,300,000

Shares Issued Price Per Share 1 | ₪ / shares

₪ 0.01

Opc Member | Offerees [Member]

Disclosure of subsidiaries [line items]

Non-controlling interests

₪ 63,000

$ 42,000

Number of shares issued | shares

34

34

Opc Member | Minimum [Member]

Disclosure of subsidiaries [line items]

Increase Decrease In Equity Interest Percentage

55%

55%

59%

Opc Member | Maximum [Member]

Disclosure of subsidiaries [line items]

Increase Decrease In Equity Interest Percentage

59%

59%

55%

Opc Member | NIS [Member]

Disclosure of subsidiaries [line items]

Issue of equity

₪ 500,000

₪ 331,000

$ 94,000

Issuance expenses

₪ 6,000

₪ 9,000

$ 2,000

Opc Member | NIS [Member] | Offerees [Member]

Disclosure of subsidiaries [line items]

Issue of equity

₪ 350,000

$ 106,000

Issuance expenses

₪ 4

$ 1,000

OPC Power [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interest in joint venture

70%

Additional period of license

10 years

10 years

Investment in subsidiary

₪ 565,000

150,000

$ 657,000

$ 1,215,000

Bear Interest Rate

7%

7%

Aggregate amount of investments and owners' loans

₪ 175,000

$ 45,000

₪ 127,000

$ 38,000

Percentage of loans holding and transferred

99.99%

99.99%

Equity investments

409,000

122,000

Total investments in Partnership’s equity

2,741,000

779,000

Outstanding Balance Of Loans

₪ 953,000

$ 271,000

Increase In Facility

₪ 100,000

$ 70,000

OPC Power [Member] | Clal Insurance Group [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interest in joint venture

12.75%

OPC Power [Member] | Migdal Insurance Group [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interest in joint venture

12.75%

OPC Power [Member] | Poalim Capital Markets [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interest in joint venture

4.50%

Opc Holds Interest Member

Disclosure of subsidiaries [line items]

Investment in subsidiary

$ 204,000

CPV Group LP [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interest in subsidiary

70%

70%

70%

70%

Revenue of combined entity as if combination occurred at beginning of period

$ 51,000

Profit (loss) of combined entity as if combination occurred at beginning of period

$ 47,000

Opc Holdings Israel Ltd [Member]

Disclosure of subsidiaries [line items]

Purchase price

₪ 452,000

129,000

Proportion of ownership interests held by non-controlling interests

100%

100%

Proportion of ownership interest in subsidiary

80%

80%

0%

0%

Opc Holdings Israel Ltd [Member] | Rotem [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interest in subsidiary

80%

80%

Original Transaction Amount

₪ 400,000

118,000

Opc Holdings Israel Ltd [Member] | Opc Israel [Member]

Disclosure of subsidiaries [line items]

Proportion of ownership interest in subsidiary

20%

20%

Original Transaction Amount

₪ 425,000

$ 125,000

[1]The NCI percentage represents the effective NCI of the Group

Subsidiaries (Schedule of Mater

Subsidiaries (Schedule of Material Interest In Subsidiaries) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Opc Israel Energy Ltd. [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	80%	100%
Opc Holdings Israel Ltd [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	80%	0%
CPV Group LP [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	70%	70%

Subsidiaries (Schedule of ident

Subsidiaries (Schedule of identifiable assets and liabilities acquired - OPC Gat Power Plant) (Details) - OPC Gat Power Plant ("Gat Partnership") [Member] - USD ($) $ in Millions		Dec. 31, 2023	Mar. 30, 2023
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		$ 1	$ 1
Trade and other receivables			6
Property, plant, and equipment - facilities and electricity generation and supply license	[1]		172
Property, plant, and equipment - land owned by the Gat Partnership	[2]		23
Trade and other payables			(7)
Loans from former right holders	[3]		(84)
Liabilities for deferred taxes			(19)
Identifiable assets, net			92
Goodwill	[4]		61
Total consideration	[5]		$ 153
[1]The Group applied IFRS 3 and allocate the fair value of the facilities and the electricity supply license to a single asset. The fair value was determined by an independent appraiser using the income approach, the MultiPeriod Excess Earning Method. The valuation methodology included several key assumptions that constituted the basis for cash flow forecasts, including, among other things, electricity and gas prices, and nominal post-tax discount rate of 8%-8.75%. The said assets are amortized over 27 years from the acquisition date, considering an expected residual value at the end of the assets’ useful life.[2]The fair value of the land was determined by an external and independent land appraiser using the discounted cash flow technique (the discount rate used is 8%).[3]The loans were repaid immediately after the acquisition date.[4]The goodwill arising as part of the business combination reflects the synergy between the activity of the Gat Partnership and the Rotem Power Plant.[5]The consideration includes a cash payment of NIS 270 million (approximately $75 million) plus deferred consideration, whose present value is estimated at NIS 285 million (approximately $79 million).

Subsidiaries (Schedule of combi

Subsidiaries (Schedule of combined cash flows as result of acquisition) (Details) - OPC Gat Power Plant ("Gat Partnership") [Member] - USD ($) $ in Millions	Dec. 31, 2023	Mar. 30, 2023
Disclosure of detailed information about business combination [line items]
Cash and other cash equivalents paid (excluding consideration used to repay shareholders' loan)	$ 152
Cash and other cash equivalents acquired	(1)	$ (1)
Total cash and other cash equivalents paid or acquired	$ 151

Subsidiaries (Schedule of ide_2

Subsidiaries (Schedule of identifiable assets and liabilities acquired - Mountain Wind Power Plant) (Details) - Mountain Wind Power Plant [Member] $ in Millions	Jan. 31, 2023 USD ($)
Disclosure of detailed information about business combination [line items]
Trade and other receivables	$ 4
Property, plant, and equipment	127	[1]
Intangible assets	26	[1]
Trade and other payables	1
Liabilities in respect of evacuation and removal	2
Identifiable assets, net	154
Goodwill	21	[2]
Total consideration transferred	$ 175
[1]The fair value was determined using the discounted cash flow method. The valuation methodology included a number of key assumptions that constituted the basis for cash flow forecasts, including, among other things, electricity and gas prices, and nominal post-tax discount rate of 5.75% - 6.25%. Intangible assets are amortized over 13 to 17 years, and property, plant, and equipment items are depreciated over 20 to 29 years.[2]The goodwill in the transaction reflects the business potential of the Group’s entry into the renewable energies market in New England, USA. CPV Group expects that the entire amount of the goodwill will be deductible for tax purposes.

Subsidiaries (Schedule of Subsi

Subsidiaries (Schedule of Subsidiaries) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Current assets		$ 1,096,041	$ 1,061,715
Non-current assets		3,012,399	2,710,345
Current liabilities		(358,799)	(192,978)
Non-current liabilities		(1,679,417)	(1,283,164)
Carrying amount of NCI		866,915	697,433
Revenue		691,796	573,957	$ 487,763
Profit/(loss) after tax		(210,948)	349,659	875,317
Profit/(loss) attributable to NCI		25,030	37,007	(54,956)
Cash flows from operating activities		276,788	771,381	240,529
Cash flows from investing activities		(432,236)	(203,438)	(205,451)
Cash flows from financing activites excluding dividends paid to NCI		324,579	(493,676)	146,580
Effect of changes in the exchange rate on cash and cash equivalents		(7,464)	(13,640)	6,702
Net increase(decrease) in cash and cash equivalents		$ 169,131	$ 74,267	$ 181,658
Opc Member
Disclosure of subsidiaries [line items]
NCI percentage	[1]	59.88%	56.20%	53.14%
Current assets		$ 460,810	$ 419,636	$ 346,380
Non-current assets		3,018,434	2,289,101	2,141,744
Current liabilities		(353,735)	(184,418)	(230,518)
Non-current liabilities		(1,679,847)	(1,283,445)	(1,341,962)
Net assets		1,445,662	1,240,874	915,644
Carrying amount of NCI		865,676	697,433	486,598
Revenue		691,796	573,957	487,763
Profit/(loss) after tax		46,955	65,352	(93,898)
Other comprehensive income		(38,017)	(11,249)	74,219
Profit/(loss) attributable to NCI		25,030	37,007	(54,022)
OCI attributable to NCI		(24,624)	(568)	33,661
Cash flows from operating activities		134,973	62,538	119,264
Cash flows from investing activities		(594,303)	(328,610)	(256,200)
Cash flows from financing activites excluding dividends paid to NCI		503,245	285,898	311,160
Dividends paid to NCI		0	0	(10,214)
Effect of changes in the exchange rate on cash and cash equivalents		(7,435)	(13,545)	6,717
Net increase(decrease) in cash and cash equivalents		$ 36,480	$ 6,281	$ 170,727
[1]The NCI percentage represents the effective NCI of the Group

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Borrowing costs capitalized	$ 22	$ 16
Fixed assets purchased on credit	$ 31	$ 47

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Schedule of Composition of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	$ 1,222,421
Balance at end of year	1,714,825	$ 1,222,421
Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	1,458,337	1,364,411
Additions	311,199	254,245
Disposals	(55,626)	(27,948)
Reclassification	0	0
Acquisitions as part of a business	315,210
Differences in translation reserves	(32,528)	(132,371)
Balance at end of year	1,996,592	1,458,337
Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	(235,916)	(238,591)
Additions	56,742	42,110
Disposals	4,661	13,046
Differences in translation reserves	(6,230)	(31,739)
Balance at end of year	(281,767)	(235,916)
Carrying Values [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	1,222,421	1,125,820
Balance at end of year	1,714,825	1,222,421
Roads, buildings and leasehold improvements [member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	77,605	83,956
Additions	2,915	3,442
Disposals	(590)	(160)
Reclassification	9,316	0
Acquisitions as part of a business	23,667
Differences in translation reserves	(1,584)	(9,633)
Balance at end of year	111,329	77,605
Roads, buildings and leasehold improvements [member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	(18,445)	(18,148)
Additions	3,993	3,864
Disposals	235	10
Differences in translation reserves	(471)	(3,557)
Balance at end of year	(21,732)	(18,445)
Roads, buildings and leasehold improvements [member] | Carrying Values [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	59,160	65,808
Balance at end of year	89,597	59,160
Facilities, machinery and equipment [member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	722,367	792,275
Additions	3,977	18,657
Disposals	(3,841)	(13,007)
Reclassification	334,132	0
Acquisitions as part of a business	159,036
Differences in translation reserves	(13,265)	(75,558)
Balance at end of year	1,202,406	722,367
Facilities, machinery and equipment [member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	(215,505)	(219,637)
Additions	47,661	37,057
Disposals	4,426	13,007
Differences in translation reserves	(5,759)	(28,182)
Balance at end of year	(252,981)	(215,505)
Facilities, machinery and equipment [member] | Carrying Values [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	506,862	572,638
Balance at end of year	949,425	506,862
Wind turbines [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	29,992	29,844
Additions	0	191
Disposals	0	(43)
Reclassification	160,666	0
Acquisitions as part of a business	126,200
Differences in translation reserves	0	0
Balance at end of year	316,858	29,992
Wind turbines [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	(1,651)	(563)
Additions	5,007	1,109
Disposals	0	21
Differences in translation reserves	0	0
Balance at end of year	(6,658)	(1,651)
Wind turbines [Member] | Carrying Values [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	28,341	29,281
Balance at end of year	310,200	28,341
Office furniture and equipment [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	406	414
Additions	5	(8)
Disposals	0	0
Reclassification	0	0
Acquisitions as part of a business	0
Differences in translation reserves	0	0
Balance at end of year	411	406
Office furniture and equipment [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	(315)	(243)
Additions	81	80
Disposals	0	8
Differences in translation reserves	0	0
Balance at end of year	(396)	(315)
Office furniture and equipment [Member] | Carrying Values [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	91	171
Balance at end of year	15	91
Assets under construction [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	552,588	409,780
Additions	269,502	185,938
Disposals	(11,235)	(1,969)
Reclassification	(504,114)	3
Acquisitions as part of a business	0
Differences in translation reserves	(16,371)	(41,164)
Balance at end of year	290,370	552,588
Assets under construction [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	0	0
Additions	0	0
Disposals	0	0
Differences in translation reserves	0	0
Balance at end of year	0	0
Assets under construction [Member] | Carrying Values [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	552,588	409,780
Balance at end of year	290,370	552,588
Other [Member] | Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	75,379	48,142
Additions	34,800	46,025
Disposals	(39,960)	(12,769)
Reclassification	0	(3)
Acquisitions as part of a business	6,307
Differences in translation reserves	(1,308)	(6,016)
Balance at end of year	75,218	75,379
Other [Member] | Accumulated depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	0	0
Additions	0	0
Disposals	0	0
Differences in translation reserves	0	0
Balance at end of year	0	0
Other [Member] | Carrying Values [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at beginning of year	75,379	48,142
Balance at end of year	$ 75,218	$ 75,379

Property, Plant and Equipment_5

Property, Plant and Equipment, Net (Schedule of Composition of Depreciation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Depreciation and amortization included in gross profit	$ 78,025	$ 56,853
Depreciation and amortization charged to selling, general and administrative expenses	12,914	6,023
Depreciation and amortization from continuing operations	$ 90,939	$ 62,876	$ 57,640

Intangible Assets, Net (Narrati

Intangible Assets, Net (Narrative) (Details) - 12 months ended Dec. 31, 2023 ₪ in Millions, $ in Millions	ILS (₪)	USD ($)
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Annual inflation rate		2.20%
Period of inflation rate	10 years	10 years
EBITDA	₪ 391	$ 108
Minimum [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
WACC	6%	6%
Maximum [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
WACC	7.25%	7.25%
CPV Group [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Goodwill		$ 105
Goodwill Increase Amount - Renewable Energies Segment		126
Gat Power Plants [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Goodwill		$ 61

Intangible Assets, Net (Schedul

Intangible Assets, Net (Schedule of Intangible Assets, Net) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance		$ 220,795
Balance		321,284	$ 220,795
Cost [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance		266,012	258,128
Additions		13,738	10,799
Acquisitions through business combination		106,729
Impairment		(6,196)
Translation differences		334	(2,915)
Balance		380,617	266,012
Amortization [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance		(45,217)	(33,846)
Amortization for the year		14,151	11,560
Translation differences		(35)	(189)
Balance		(59,333)	(45,217)
Carrying Values [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance		220,795	224,282
Balance		321,284	220,795
Goodwill [Member] | Cost [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance	[1]	138,613	140,212
Additions	[1]	0	0
Acquisitions through business combination	[1]	80,761
Impairment	[1]	(6,196)
Translation differences	[1]	559	(1,599)
Balance	[1]	213,737	138,613
Goodwill [Member] | Amortization [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance	[1]	(21,455)	(21,455)
Amortization for the year	[1]	0	0
Translation differences	[1]	0	0
Balance	[1]	(21,455)	(21,455)
Goodwill [Member] | Carrying Values [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance	[1]	117,158	118,757
Balance	[1]	192,282	117,158
PPA [Member] | Cost [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance	[2]	110,446	110,446
Additions	[2]	0	0
Acquisitions through business combination	[2]	25,968
Impairment	[2]	0
Translation differences	[2]	0	0
Balance	[2]	136,414	110,446
PPA [Member] | Amortization [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance	[2]	(21,516)	(10,947)
Amortization for the year	[2]	11,115	10,569
Translation differences	[2]	0	0
Balance	[2]	(32,631)	(21,516)
PPA [Member] | Carrying Values [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance	[2]	88,930	99,499
Balance	[2]	103,783	88,930
Others [Member] | Cost [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance		16,953	7,470
Additions		13,738	10,799
Acquisitions through business combination		0
Impairment		0
Translation differences		(225)	(1,316)
Balance		30,466	16,953
Others [Member] | Amortization [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance		(2,246)	(1,444)
Amortization for the year		3,036	991
Translation differences		(35)	(189)
Balance		(5,247)	(2,246)
Others [Member] | Carrying Values [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance		14,707	6,026
Balance		$ 25,219	$ 14,707
[1]Relates mainly to goodwill arising from the acquisition of CPV Group of $105 million and Gat Power Plants of $61 million. Refer to Note 11.A.5 for further information.[2]Relates to the power purchase agreement from the acquisition of CPV Keenan, which is part of the CPV Group.

Intangible Assets, Net (Sched_2

Intangible Assets, Net (Schedule of Carrying Amounts of Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about intangible assets [abstract]
Intangible assets with a finite useful life	$ 128,998	$ 103,637
Intangible assets with an indefinite useful life or not yet available for use	192,286	117,158
Goodwill and intangible assets, net	$ 321,284	$ 220,795

Long-Term Prepaid Expenses an_3

Long-Term Prepaid Expenses and Other Non-Current Assets (Narrative) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Long-term Prepaid Expenses And Other Non-current Assets [Line Items]
Loan To Associated Company	[1]	$ 30,138	$ 5,100
Cpv Valley Holdings Llc Member [Member]
Long-term Prepaid Expenses And Other Non-current Assets [Line Items]
Borrowings, interest rate		5.75%
[1]Mainly relates to loan to CPV Valley with SOFR-based interest plus a weighted average interest margin of approximately 5.75%, with the final repayment date on May 31, 2026.

Long-Term Prepaid Expenses an_4

Long-Term Prepaid Expenses and Other Non-Current Assets (Schedule of composition) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Deposits Loans And Other Receivables Including Derivative Instruments
Deferred expenses, net	[1]	$ 7,786	$ 5,349	[2]
Loan to associated company	[3]	30,138	5,100
Contract costs		6,347	4,337
Other non-current assets		8,071	8,537
Long term prepaid expenses and other non current assets		$ 52,342	$ 23,323	[2]
[1]Relates to deferred expenses, net for OPC’s connection fees to the gas transmission network and the electricity grid.[2]Reclassified[3]Mainly relates to loan to CPV Valley with SOFR-based interest plus a weighted average interest margin of approximately 5.75%, with the final repayment date on May 31, 2026.

Loans and Debentures (Long-term

Loans and Debentures (Long-term loans from banks and others) (Narrative) (Details) $ in Thousands, ₪ in Millions

1 Months Ended

12 Months Ended

Apr. 06, 2023 USD ($)

Aug. 31, 2021 ILS (₪)

Aug. 31, 2021 USD ($)

Mar. 31, 2023 ILS (₪)

Oct. 31, 2021 ILS (₪)

Oct. 31, 2021 USD ($)

Dec. 31, 2023 ILS (₪)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Jan. 01, 2024 USD ($)

Dec. 31, 2023 USD ($)

Aug. 24, 2023 USD ($)

Mar. 31, 2023 USD ($)

Dec. 31, 2022 ILS (₪)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 ILS (₪)

Dec. 31, 2021 USD ($)

Oct. 31, 2021 USD ($)

Aug. 31, 2021 USD ($)

Jul. 31, 2016 ILS (₪)

Jul. 31, 2016 USD ($)

Disclosure of detailed information about borrowings [line items]

Borrowings

$ 1,530,033

$ 1,163,071

Early repayment of financing

$ 167,769

$ 55,762

$ 562,016

Issuance expense

19,508

2,845

4,991

Finance income

39,361

44,686

2,934

Finance costs

$ 66,333

$ 50,397

$ 144,295

Opc Rotem Ltd Lenders Consortium Member

Disclosure of detailed information about borrowings [line items]

Borrowings Reserve Account

$ 39,000

Borrowings

$ 400,000

Repayment fees

$ 75,000

Early repayment of fees, net of tax

58,000

Early repayment of financing

291,000

Opc Rotem Ltd Lenders Consortium Member | NIS

Disclosure of detailed information about borrowings [line items]

Borrowings | ₪

₪ 1,292

Repayment fees | ₪

244

Early repayment of fees, net of tax | ₪

188

Early repayment of financing | ₪

904

Opc Member

Disclosure of detailed information about borrowings [line items]

Early repayment of financing

72,000

Opc Member | Hadera Financing Agreement [Member]

Disclosure of detailed information about borrowings [line items]

Working capital facility

10,000

Opc Member | NIS

Disclosure of detailed information about borrowings [line items]

Early repayment of financing | ₪

₪ 226

Opc Member | NIS | Hadera Financing Agreement [Member]

Disclosure of detailed information about borrowings [line items]

Working capital facility | ₪

₪ 30

Veridis [Member]

Disclosure of detailed information about borrowings [line items]

Early repayment of financing

$ 363,000

Veridis [Member] | NIS

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

2.65%

2.65%

Early repayment of financing | ₪

₪ 1,130

Hadera Financing Agreement [Member]

Disclosure of detailed information about borrowings [line items]

Face amount

$ 323,000

Hadera Financing Agreement [Member] | Opc Member

Disclosure of detailed information about borrowings [line items]

Corporate guarantees

$ 5,000

Hadera Financing Agreement [Member] | NIS

Disclosure of detailed information about borrowings [line items]

Face amount | ₪

₪ 1,006

Hadera Financing Agreement [Member] | NIS | Opc Member

Disclosure of detailed information about borrowings [line items]

Corporate guarantees | ₪

₪ 15

Hadera Financing Agreement [Member] | Minimum [Member] | Cpi Linked Member

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

2.40%

2.40%

Hadera Financing Agreement [Member] | Minimum [Member] | Unlinked [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

3.60%

3.60%

Hadera Financing Agreement [Member] | Maximum [Member] | Cpi Linked Member

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

3.90%

3.90%

Hadera Financing Agreement [Member] | Maximum [Member] | Unlinked [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

5.40%

5.40%

Opct Zomet Member

Disclosure of detailed information about borrowings [line items]

Face amount

$ 441,000

Borrowings, maturity

end of 19 years from the commencement date of the commercial operation or 23 years from the signing date of the Tzomet Financing Agreement (however not later than December 31, 2042

end of 19 years from the commencement date of the commercial operation or 23 years from the signing date of the Tzomet Financing Agreement (however not later than December 31, 2042

Borrowings, interest rate

0.55%

0.55%

Opct Zomet Member | NIS

Disclosure of detailed information about borrowings [line items]

Face amount | ₪

₪ 1,372

Gat Financing Agreement [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings

$ 128,000

Gat Financing Agreement [Member] | NIS

Disclosure of detailed information about borrowings [line items]

Borrowings | ₪

₪ 450

Gat Financing Agreement [Member] | Minimum [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

0.40%

0.40%

0.40%

0.40%

Gat Financing Agreement [Member] | Minimum [Member] | Unlinked [Member]

Disclosure of detailed information about borrowings [line items]

Percentage of hedge

2.05%

2.05%

Minimum debt service coverage ratio

1.15

1.15

1.15

Gat Financing Agreement [Member] | Maximum [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

0.90%

0.90%

0.90%

0.90%

Gat Financing Agreement [Member] | Maximum [Member] | Unlinked [Member]

Disclosure of detailed information about borrowings [line items]

Percentage of hedge

2.55%

2.55%

Credit Frame Work Agreement By Opc Member | NIS

Disclosure of detailed information about borrowings [line items]

Borrowings | ₪

₪ 125

Series C Debentures [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings

$ 280,000

Series C Debentures [Member] | NIS

Disclosure of detailed information about borrowings [line items]

Borrowings | ₪

₪ 904

Keenan Financing Agreement [Member]

Disclosure of detailed information about borrowings [line items]

Face amount

$ 120,000

Borrowings

$ 75,000

Working capital facility

$ 17,000

₪ 52

$ 16,000

Percentage of hedging of interest rate

75%

70%

70%

Weighted average interest rate

5.40%

3.37%

3.37%

Value of credit facilities

₪ 335

$ 104,000

Keenan Financing Agreement [Member] | Minimum [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

1.63%

1%

1%

Keenan Financing Agreement [Member] | Maximum [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

1.75%

1.375%

1.375%

OPC Power [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

7%

7%

Investment of shareholders' equity

₪ 565

$ 150,000

Additional investment of shareholders equity

₪ 175

$ 45,000

Increase in investment of shareholders equity

$ 100,000

OPC share in facility

70,000

US Renewable Energies Segment [Member]

Disclosure of detailed information about borrowings [line items]

Face amount

$ 370,000

Amount of withdrew

$ 59,000

US Renewable Energies Segment [Member] | Subsequent Events [Member]

Disclosure of detailed information about borrowings [line items]

Amount of withdrew

$ 93,000

Loans and Debentures (Debenture

Loans and Debentures (Debentures) (Narrative) (Details) $ in Thousands, ₪ in Millions

1 Months Ended

12 Months Ended

Sep. 30, 2021 ILS (₪)

Sep. 30, 2021 USD ($)

Oct. 31, 2020 ILS (₪)

Oct. 31, 2020 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Sep. 30, 2021 USD ($)

Dec. 31, 2020 USD ($)

Oct. 31, 2020 USD ($)

Apr. 30, 2020 ILS (₪)

Apr. 30, 2020 USD ($)

Disclosure of detailed information about borrowings [line items]

Equity

$ 2,070,224

$ 2,295,918

$ 2,280,286

$ 1,276,008

Payments for debt issue costs

19,508

2,845

4,991

Proceeds from issuance of debentures

0

0

$ 262,750

Debentures [Member]

Disclosure of detailed information about borrowings [line items]

Redemption amount of debentures

$ 8,451

5,972

Payments for debt issue costs

$ 0

Minimum [Member] | In Shekels [Member] | Debentures [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

2.50%

Maximum [Member] | In Shekels [Member] | Debentures [Member]

Disclosure of detailed information about borrowings [line items]

Borrowings, interest rate

2.75%

Series B debentures [Member]

Disclosure of detailed information about borrowings [line items]

Face amount

₪ 400

$ 113,000

Series B debentures [Member] | Opc Member

Disclosure of detailed information about borrowings [line items]

Face amount

$ 162,000

Borrowings, interest rate

2.75%

2.75%

Payments for debt issue costs

$ 2,000

Debentures amount

$ 111,000

Proceeds from issuance of debentures

$ 171,000

Series B debentures [Member] | Opc Member | NIS

Disclosure of detailed information about borrowings [line items]

Face amount | ₪

₪ 556

Payments for debt issue costs | ₪

7

Proceeds from issuance of debentures | ₪

₪ 584

Series C Debentures [Member] | Opc Member

Disclosure of detailed information about borrowings [line items]

Face amount

$ 266,000

Borrowings, interest rate

2.50%

2.50%

Payments for debt issue costs

$ 3,000

Series C Debentures [Member] | Opc Member | NIS

Disclosure of detailed information about borrowings [line items]

Face amount | ₪

₪ 851

Payments for debt issue costs | ₪

₪ 9

Loans and Debentures (Schedule

Loans and Debentures (Schedule of Contractual Conditions) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current maturities of long-term liabilities:
Loans from banks and others	$ 107,739	$ 26,113
Non-convertible debentures	52,980	9,497
Others	8,908	3,652
Total current liabilities	169,627	39,262
Non-current liabilities
Loans from banks and others	906,243	610,434
Non-convertible debentures	454,163	513,375
Total non-current liabilities	1,360,406	1,123,809
Total	$ 1,530,033	$ 1,163,071

Loans and Debentures (Schedul_2

Loans and Debentures (Schedule of Classification Based on Currencies and Interest Rates) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Debentures	$ 454,163	$ 513,375
Loans from banks and others	906,243	610,434
Borrowings By Currency And Interest Rate Classification	1,530,033	1,163,071
In Shekels [Member]
Disclosure of detailed information about borrowings [line items]
Debentures	507,143	522,872
Loans from banks and others	$ 1,022,890	$ 640,199

Loans and Debentures (Schedul_3

Loans and Debentures (Schedule of Movements of Reconciliation Liabilities to Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes as a result of cash flows from financing activities
Proceeds from issuance of debentures, less issuance expenses	$ 0	$ 0	$ 262,750
Receipt of loans	391,447	102,331	343,126
Interest paid	(41,135)	(25,428)	(31,523)
Prepaid costs for loans taken	(19,508)	(2,845)	(4,991)
Loans and credit [Member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance as at January 1	516,195	488,455
Changes as a result of cash flows from financing activities
Payment in respect of derivative financial instruments, net	0	0
Receipt of loans	405,460	88,651
Repayment of debentures and loans	(123,237)	(21,601)
Interest paid	(30,270)	(11,058)
Prepaid costs for loans taken		(2,845)
Net cash provided by/(used in) financing activities	251,953	53,147
Effect of changes in foreign currency exchange rates	(533)	(51,435)
Increase Decrease Through Interest In Period	51,180	27,444
Changes in fair value, application of hedge accounting and other	10,179	(1,416)
Business combination	83,385
Balance as at December 31	912,359	516,195	488,455
Loans from holders of interests that do not confer financial control [Member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance as at January 1	124,152	139,838
Changes as a result of cash flows from financing activities
Payment in respect of derivative financial instruments, net	0	0
Receipt of loans	30,357	13,680
Repayment of debentures and loans	(33,389)	(25,617)
Interest paid	(593)	(2,094)
Prepaid costs for loans taken		0
Net cash provided by/(used in) financing activities	(3,625)	(14,031)
Effect of changes in foreign currency exchange rates	2,218	(8,419)
Increase Decrease Through Interest In Period	7,179	6,764
Changes in fair value, application of hedge accounting and other	(463)	0
Business combination	0
Balance as at December 31	129,461	124,152	139,838
Debentures [Member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance as at January 1	526,771	586,600
Changes as a result of cash flows from financing activities
Payment in respect of derivative financial instruments, net	0	0
Receipt of loans	0	0
Repayment of debentures and loans	(8,451)	(5,972)
Interest paid	(6,133)	(11,889)
Prepaid costs for loans taken		0
Net cash provided by/(used in) financing activities	(14,584)	(17,861)
Effect of changes in foreign currency exchange rates	0	(68,696)
Increase Decrease Through Interest In Period	21,658	26,728
Changes in fair value, application of hedge accounting and other	(7,061)	0
Business combination	0
Balance as at December 31	526,784	526,771	586,600
Interest SWAP contracts designated for hedging [member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance as at January 1	(16,087)	(8,305)
Changes as a result of cash flows from financing activities
Payment in respect of derivative financial instruments, net	2,385	(923)
Receipt of loans	0	0
Repayment of debentures and loans	0	0
Interest paid	0	0
Prepaid costs for loans taken		0
Net cash provided by/(used in) financing activities	2,385	(923)
Effect of changes in foreign currency exchange rates	(241)	967
Increase Decrease Through Interest In Period	3,027	0
Changes in fair value, application of hedge accounting and other	2,065	(7,826)
Business combination	0
Balance as at December 31	$ (14,905)	$ (16,087)	$ (8,305)

Trade and Other Payables (Narra

Trade and Other Payables (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Trade and other current payables [abstract]
Deferred Income	$ 79

Trade and Other Payables (Sched

Trade and Other Payables (Schedule of Trade and Other Payables) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Trade and other current payables [abstract]
Trade Payables		$ 70,661	$ 95,036
Liability to tax equity partner	[1]	74,466	0
Accrued expenses and other payables		8,256	10,833
Government institutions		1,204	2,083
Employees and payroll institutions		14,573	14,491
Interest payable		4,984	4,472
Others		7,754	6,500
Total trade and other current payables		$ 181,898	$ 133,415
[1]1. See Note 18.A.4.d for more information.

Right-Of-Use Assets, Net, Lea_3

Right-Of-Use Assets, Net, Lease Liabilities and Long-term Deferred Expenses (Narrative) (Details) $ in Thousands, ₪ in Millions

1 Months Ended

12 Months Ended

May 10, 2023 ILS (₪) ha

May 10, 2023 USD ($) ha

Mar. 31, 2021 ILS (₪)

Mar. 31, 2021 USD ($)

Jan. 31, 2021 ILS (₪) MW-M

Jan. 31, 2020 ILS (₪) ha

Jan. 31, 2020 USD ($) ha

Dec. 31, 2023 ILS (₪)

Dec. 31, 2023 USD ($)

Jan. 31, 2023 ILS (₪)

Jan. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Jan. 31, 2021 USD ($)

Disclosure of quantitative information about right-of-use assets [line items]

Right-of-use assets

$ 174,515

$ 126,784

[1]

$ 131,335

Percentage Of Bank Guarantee In Favor Of Ila

25%

25%

Lease Of Opct Zomet Land [Member]

Disclosure of quantitative information about right-of-use assets [line items]

Lease term

final assessment was received from ILA where the value of the usage fees in the land for a period of 25 years

lease agreement will be signed for a period of 24 years and 11 months from approval of the transaction, i.e. up to November 4, 2044. Tzomet Netiv Limited Partnership (“Joint Company’) own the rights in the Land, and the composition is as follows i) General Partner of the Tzomet Netiv Limited Partnership holds 1%, in which the Kibbutz and OPC Tzomet hold 26% and 74% respectively, ii) Limited partners hold 99%, where the Kibbutz (26%) and OPC Tzomet (73%) hold rights as limited partners.

lease agreement will be signed for a period of 24 years and 11 months from approval of the transaction, i.e. up to November 4, 2044. Tzomet Netiv Limited Partnership (“Joint Company’) own the rights in the Land, and the composition is as follows i) General Partner of the Tzomet Netiv Limited Partnership holds 1%, in which the Kibbutz and OPC Tzomet hold 26% and 74% respectively, ii) Limited partners hold 99%, where the Kibbutz (26%) and OPC Tzomet (73%) hold rights as limited partners.

Area of land | ha

8.5

8.5

Capitalization fees

₪ 207

$ 60,000

Amount of final assessment

₪ 154

$ 44,000

Right-of-use assets

₪ 200

55,000

Rate of initial assessment

75%

75%

Land

₪ 200

$ 62,000

Reimbursement of land

₪ 7

$ 2,000

Power plant capacity | MW-M

396

Purchase Of Leasehold Rights In Land [Member]

Disclosure of quantitative information about right-of-use assets [line items]

Lease term

consideration equivalent to 20% of the bid amount for each compound was paid. Upon authorizing a new outline plan, a lease agreement will be signed for a period of 24 years and 11 months, to construct and operate the project(s), of which consideration of the remaining 80% of the bid amount per compound will be set against.

consideration equivalent to 20% of the bid amount for each compound was paid. Upon authorizing a new outline plan, a lease agreement will be signed for a period of 24 years and 11 months, to construct and operate the project(s), of which consideration of the remaining 80% of the bid amount per compound will be set against.

Area of land | ha

227

227

Total amount of OPC Power Plants Ltd

₪ 484

$ 133,000

Planning authorization agreement period

3 years

3 years

Backbone Lease Of Land [Member]

Disclosure of quantitative information about right-of-use assets [line items]

Lease term

The term of the agreement is 37 years, with an option to extend the term by five further periods of seven years each

Lease liability and right-of-use asset

₪ 122

33,000

Land [Member]

Disclosure of quantitative information about right-of-use assets [line items]

Lease term

They typically run for a period of more than 20 years, with an option for renewal

Right-of-use assets

91,493

76,963

81,355

Offices [Member]

Disclosure of quantitative information about right-of-use assets [line items]

Lease term

The leases range from 3 to 9 years, with options to extend.

Right-of-use assets

$ 10,950

$ 8,353

$ 10,282

[1]Reclassified

Right-Of-Use Assets, Net, Lea_4

Right-Of-Use Assets, Net, Lease Liabilities and Long-term Deferred Expenses (Schedule of right-of-use assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of year	$ 126,784	[1]	$ 131,335
Depreciation charge for the year	(8,763)		(7,415)
Adjustments	56,494		2,864
Balance at end of year	174,515		126,784	[1]
Land [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of year	76,963		81,355
Depreciation charge for the year	(3,770)		(3,484)
Adjustments	18,300		(908)
Balance at end of year	91,493		76,963
Pressure Regulation And Management System Facility Member
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of year	13,977		6,239
Depreciation charge for the year	(1,209)		(660)
Adjustments	1,766		8,398
Balance at end of year	14,534		13,977
Offices [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of year	8,353		10,282
Depreciation charge for the year	(2,538)		(2,142)
Adjustments	5,135		213
Balance at end of year	10,950		8,353
Long-term deferred expenses [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of year	27,491	[1]	33,459
Depreciation charge for the year	(1,246)		(1,129)
Adjustments	31,293		(4,839)
Balance at end of year	$ 57,538		$ 27,491	[1]
[1]Reclassified

Right-Of-Use Assets, Net, Lea_5

Right-Of-Use Assets, Net, Lease Liabilities and Long-term Deferred Expenses (Schedule of amounts recognized in statements of profit & loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Presentation of leases for lessee [abstract]
Interest expenses in respect of lease liability	$ 689	$ 572
Total cash outflow for leases	$ 2,692	$ 2,572

Contingent Liabilities and Co_2

Contingent Liabilities and Commitments (Narrative) (Details) $ in Thousands, ₪ in Millions

1 Months Ended

12 Months Ended

May 12, 2023 USD ($)

Jun. 30, 2023 ILS (₪)

Jun. 30, 2023 USD ($)

Feb. 28, 2023 ILS (₪)

Feb. 28, 2023 USD ($)

Mar. 31, 2022 USD ($) shares

Sep. 30, 2021 USD ($) shares

Sep. 30, 2018 USD ($)

Jan. 31, 2016 ILS (₪)

Jan. 31, 2016 USD ($)

Dec. 31, 2023 ILS (₪) shares

Dec. 31, 2023 USD ($)

Dec. 31, 2022 ILS (₪)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2023 USD ($) shares

Sep. 30, 2022 shares

Jul. 22, 2022 shares

Dec. 31, 2020 USD ($)

Oct. 31, 2020 USD ($)

May 31, 2020 USD ($)

Disclosure of contingent liabilities in business combination [line items]

Aggregate consideration paid

$ 36,000

Amount payable to construction contractor

$ 42,000

Selling, general and administrative expense

$ 84,715

$ 99,936

$ 75,727

Cash and cash equivalents

$ 535,171

$ 474,544

$ 696,838

$ 286,184

OPC Generation Facilities [Member]

Disclosure of contingent liabilities in business combination [line items]

Aggregate consideration paid

$ 300,000

Construction Agreement Between Opchadera And Idom Servicios Integrados [Member]

Disclosure of contingent liabilities in business combination [line items]

Construction cost

₪ 639

$ 185,000

Corporate guarantees

$ 10,500

Amount payable to construction contractor

$ 14,000

Opc Shares Pledged Buyer Of Inkia Business Member

Disclosure of contingent liabilities in business combination [line items]

Number of shares issued | shares

55,000,000

55,000,000

Inkia Energy Limited [Member]

Disclosure of contingent liabilities in business combination [line items]

Percentage of shares acquired

25%

Nominal annual Interest rate

8%

Deferred Payment Agreement

$ 175,000

$ 218,000

Net deferred payment agreement

$ 188,000

Period of purchase price

four-year

four-year

Period of corporate guarantee

three-year

three-year

Opc Member

Disclosure of contingent liabilities in business combination [line items]

Number of shares issued | shares

43

12,500,000

9,443,800

Number of shares released from pledge | shares

53,500,000

Number of shares remain in pledge | shares

1,500,000

Tax assessment claim

$ 11,000

OPC Rotem [Member]

Disclosure of contingent liabilities in business combination [line items]

Consideration amount reduced

₪ 9

$ 3,000

Share of set out in settlement agreement

₪ 2

$ 523

OPC Hadera [Member]

Disclosure of contingent liabilities in business combination [line items]

Compensation to customers paid

₪ 74

21,000

Compensation amount includes offset

14,000

Compensation to customers paid net

25

7,000

Consideration amount reduced

₪ 7

$ 2,000

Income Before Income Tax Construction Cost

41

$ 11,000

Property Plant And Equipment Of Construction Cost

33

$ 9,000

Cost of goods sold

18

5,000

Iec Power Purchase Agreement [Member]

Disclosure of contingent liabilities in business combination [line items]

Acquisition cost of energy paid

₪ 5.5

$ 2,000

Percentage of correspondences tariff

25%

25%

CPV Maple Hill, LLC [Member]

Disclosure of contingent liabilities in business combination [line items]

Amount of investment agreement with tax equity

$ 82,000

Percentage of completion of construction works of Mechanical completion

20%

Percentage of completion of commercial operation date

80%

Percentage of participation in distributable free cash flow

40%

Amount in grant in consideration

$ 75,000

Percentage of grant in consideration of nominal value

95%

95%

Engineering, Procurement and Construction [Member]

Disclosure of contingent liabilities in business combination [line items]

Maximum contingent consideration paid

₪ 650

$ 175,000

Share Capital and Reserves (Nar

Share Capital and Reserves (Narrative) (Details) $ / shares in Units, $ in Thousands	1 Months Ended						2 Months Ended	12 Months Ended
	Mar. 31, 2023 ₪ / shares	Mar. 31, 2023 USD ($)	Nov. 30, 2021 ₪ / shares	Nov. 30, 2021 USD ($)	Apr. 30, 2021 ₪ / shares	Apr. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) $ / shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)
Disclosure of classes of share capital [line items]
General and administrative expenses								$ 84,715	$ 99,936	$ 75,727
Share repurchase and cancelled | shares								1,128,000	0
Share Repurchase Plan [Member]
Disclosure of classes of share capital [line items]
Share repurchase and cancelled | shares								1,100,000
Accumulated profit On repurchased shares								$ 28
Share Incentive Plan [Member]
Disclosure of classes of share capital [line items]
Number of shares issued | shares								7,259	8,037
Shares Issuance Price Per Share | $ / shares								$ 31.62	$ 47.22
Percentage Of Total Issued Shares Excluding Treasury Shares Of Kenon								3%
Fair value of the shares granted								$ 229	$ 267	234
General and administrative expenses								$ 296	$ 292	$ 258
Capital reduction							$ 552,000
Capital distribution aggregate amount per share | $ / shares							$ 10.25
Board of Director [Member]
Disclosure of classes of share capital [line items]
Cash dividend per share | ₪ / shares	₪ 2.79		₪ 3.5		₪ 1.86
Dividends paid		$ 150,000		$ 189,000		$ 100,000

Share Capital and Reserves (Sch

Share Capital and Reserves (Schedule of Share Capital) (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Authorised and in issue at January, 1	53,887	53,879
Share repurchase and cancelled	(1,128)	0
Issued for share plan	7	8
Authorised and in issue at December, 31	52,766	53,887

Revenue (Schedule of Revenue) (

Revenue (Schedule of Revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Revenue [Line Items]
Total revenues	$ 691,796	$ 573,957	$ 487,763
Israel [Member]
Disclosure Of Revenue [Line Items]
Revenue from sale of electricity	593,941	486,680	419,395
Revenue from sale of steam	16,006	18,476	17,648
Others	8,883	11,512	0
Total revenues	618,830	516,668	437,043
United States [Member]
Disclosure Of Revenue [Line Items]
Revenue from sale of electricity	36,959	25,780	25,605
Revenue from provision of services	36,007	31,509	25,115
Total revenues	$ 72,966	$ 57,289	$ 50,720

Cost of Sales and Services (e_3

Cost of Sales and Services (excluding Depreciation and Amortization) (Schedule of Cost of Sales and Services) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of cost of sales and services [Abstract]
Fuels	$ 178,663	$ 155,760	$ 153,122
Electricty And Infrastructure Services	130,199	93,804	92,086
Salaries and related expenses	10,033	9,661	8,259
Generation and operating expenses and outsourcing	82,166	88,055	31,729
Insurance	11,040	9,440	9,997
Cost in respect of sale of renewable energy	13,455	8,757	7,988
Cost in respect of provision of services revenue and other costs	27,683	23,856	16,499
Other	41,073	27,928	16,618
Cost of sales and services	$ 494,312	$ 417,261	$ 336,298

Selling, General and Administ_3

Selling, General and Administrative Expenses (Narrative) (Details) ₪ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 ILS (₪)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 ILS (₪)	Dec. 31, 2022 USD ($)
Disclosure Of Selling General And Administrative Expenses Abstract
Expenses in respect of acquisition of CPV Group	₪ 89	$ 24	₪ 46	$ 13

Selling, General and Administ_4

Selling, General and Administrative Expenses (Schedule of Selling, General and Administrative Expenses) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Selling General And Administrative Expenses Abstract
Payroll and related expenses	[1]	$ 26,877	$ 46,660	$ 41,930
Depreciation and amortization		4,212	3,259	2,623
Professional fees		18,190	15,798	16,069
Business development expenses		15,607	15,186	1,566
Expenses in respect of acquisition of CPV Group		0	0	752
Office Maintenance		6,524	4,581	3,022
Other expenses		13,305	14,452	9,765
Selling, General and Administrative Expenses		$ 84,715	$ 99,936	$ 75,727
[1]A portion of this relates to profit sharing for CPV Group employees

Financing Expenses, Net (Schedu

Financing Expenses, Net (Schedule of Financing Income (Expenses), Net) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financing income (expenses), net [Abstract]
Interest income from bank deposits	$ 36,754	$ 12,108	$ 167
Amount reclassified to consolidated statements of profit & loss from capital reserve in respect of cash flow hedges	6	4,125	2,121
Net change in exchange rates	700	28,453	0
Net change in fair value of derivative financial instruments	0	0	443
Net change in the fair value of financial assets held for trade and available for sale	422	0	0
Other income	1,479	0	203
Financing income	39,361	44,686	2,934
Financing expenses
Interest expenses to banks and others	(52,306)	(47,542)	(51,924)
Amount reclassified to consolidated statements of profit & loss from capital reserve in respect of cash flow hedges	(1,563)	0	0
Impairment loss on debt securities at FVOCI	(642)	(732)	0
Net change in fair value of financial assets held for trade	0	(45)	0
Net change in exchange rates	0	0	(5,997)
Net change in fair value of derivative financial instruments	0	(291)	0
Early repayment fee (Note 15.B, Note 15.E)	0	0	(84,196)
Other expenses	(11,822)	(1,787)	(2,178)
Financing expenses	(66,333)	(50,397)	(144,295)
Net financing expenses	$ (26,972)	$ (5,711)	$ (141,361)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) ₪ in Millions, $ in Millions		1 Months Ended		12 Months Ended
	Jan. 04, 2016	Jan. 31, 2018	Dec. 22, 2016	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021	Dec. 31, 2023 ILS (₪)	Dec. 31, 2023 USD ($)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Income tax rate				23%	23%	23%
Income tax loss carryforwards								$ 470
Federal corporate tax rate				21%
Withholding tax applicable on interest payments				17.50%
Withholding tax applicable on dividend payments				12.50%
Tax rate reduced			25% to 23%
Net operating losses for tax purposes				$ 89
Tax effect of taxable temporary differences from undistributed profits not recorded				$ 5	$ 32
Minimum [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
State tax rate				4%
Maximum [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
State tax rate				11.50%
Changes in tax rates or tax laws enacted or announced [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax rate reduced		The first step will be to a rate of 24% as from January 2017 and the second step will be to a rate of 23% as from January 2018.
Hadera Income Tax Rate Member
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax rate reduced	1.5% to a rate
Israel [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Income tax loss carryforwards							₪ 650	179
Withholding Applicable Tax Rate				5%
Singapore [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Corporate tax rate				17%
Tax laws				Under Singapore tax laws, any gains derived by a divesting company from its disposal of ordinary shares in an investee company between June 1, 2012 and December 31, 2027 are generally not taxable if, immediately prior to the date of such disposal, the divesting company has held at least 20% of the ordinary shares in the investee company for a continuous period of at least 24 months.
Singapore [Member] | Opc Member
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax asset in respect of tax losses							₪ 150	$ 41

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Current taxes on income
In respect of current year	$ 11,049	$ 39,559	[1]	$ 6,892
Deferred tax expense/(income)
Creation and reversal of temporary differences	14,150	(1,579)	[1]	(2,567)
Total tax (benefit)/expense on income	$ 25,199	$ 37,980		$ 4,325
[1]The Group made an immaterial correction of reclassification error of $21 million in income taxes on income and deferred tax income as at December 31, 2021.

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation between Theoretical Tax Expense (Benefit) on Pre-tax Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income taxes [Abstract]
(Loss)/Profit from continuing operations before income taxes	$ (185,749)	$ 387,639	$ 879,642
Statutory tax rate	17%	17%	17%
Tax computed at the statutory tax rate	$ (31,577)	$ 65,899	$ 149,539
Increase (decrease) in tax in respect of:
Elimination Of Tax Calculated In Respect Of Group Share In Losses Of Associated Companies	72,258	(45,464)	(190,539)
Different tax rate applicable to subsidiaries operating overseas	4,371	6,429	(9,297)
Income subject to tax at a different tax rate	178	116	0
Non-deductible expenses	(2,826)	158,811	44,851
Exempt income	(26,862)	(164,822)	(23,937)
Tax Effect Of Taxes In Respect Of Prior Years	522	(739)	(361)
Tax in respect of foreign dividend	6,665	18,447	28,172
Share of non-controlling interests in entities transparent for tax purposes	0	(1,082)	5,528
Tax Losses And Other Tax Benefits For Period Regarding Which Deferred Taxes Were Not Recorded	608	511	95
Other differences	1,862	(126)	274
Tax expense on income included in the statement of profit and loss	$ 25,199	$ 37,980	$ 4,325

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities Recognized) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance of deferred tax (liability) asset		$ (92,703)	$ (97,181)
Changes recorded on the statement of profit and loss		(14,149)	1,579
Changes recorded in other comprehensive income		3,205	(7,096)
Change as a result of business combinations		(18,468)
Translation differences		1,387	9,995
Balance of deferred tax (liability) asset		(120,728)	(92,703)
Property plant and equipment [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance of deferred tax (liability) asset		(132,718)	(127,230)
Changes recorded on the statement of profit and loss		(9,626)	(20,103)
Changes recorded in other comprehensive income		0	0
Change as a result of business combinations		(18,468)
Translation differences		3,313	14,615
Balance of deferred tax (liability) asset		(157,499)	(132,718)
Carryforward of losses and deductions for tax purposes [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance of deferred tax (liability) asset		116,088	112,342
Changes recorded on the statement of profit and loss		6,054	8,116
Changes recorded in other comprehensive income		0	0
Change as a result of business combinations		0
Translation differences		(1,364)	(4,370)
Balance of deferred tax (liability) asset		120,778	116,088
Financial Instruments [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance of deferred tax (liability) asset		(1,735)	1,260
Changes recorded on the statement of profit and loss		24	(235)
Changes recorded in other comprehensive income		354	(2,657)
Change as a result of business combinations		0
Translation differences		7	(103)
Balance of deferred tax (liability) asset		(1,350)	(1,735)
Other [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance of deferred tax (liability) asset	[1]	(74,338)	(83,553)
Changes recorded on the statement of profit and loss	[1]	(10,601)	13,801
Changes recorded in other comprehensive income	[1]	2,851	(4,439)
Change as a result of business combinations	[1]	0
Translation differences	[1]	(569)	(147)
Balance of deferred tax (liability) asset	[1]	$ (82,657)	$ (74,338)
[1]This amount includes deferred tax arising from intangibles, undistributed profits, non-monetary items, associated companies and trade receivables distribution.

Income Taxes (Schedule of Def_2

Income Taxes (Schedule of Deferred Taxes Presented in Statements of Financial Position) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income taxes [Abstract]
As part of non-current assets	$ 15,862	$ 6,382
As part of current liabilities	0	(1,285)
As part of non-current liabilities	(136,590)	(97,800)
Deferred tax asset (liability)	$ (120,728)	$ (92,703)	$ (97,181)

Income Taxes (Schedule of Tax A

Income Taxes (Schedule of Tax And Deferred Tax Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of income taxes [Abstract]
Losses for tax purposes	$ 130,147	$ 153,907

Earnings per Share (Schedule of

Earnings per Share (Schedule of (Loss)/Income Allocated to Holders of Ordinary Shareholders) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings per share [abstract]
(Loss)/profit for the year attributable to Kenon’s shareholders	$ (235,978)	$ 312,652	$ 930,273

Earnings per Share (Schedule _2

Earnings per Share (Schedule of Number of Ordinary Shares) (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings per share [abstract]
Weighted Average number of shares used in calculation of basic/diluted earnings per share	53,360	53,885	53,879

Segment, Customer and Geograp_3

Segment, Customer and Geographic Information (Schedule of Information Regarding Reportable Segments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [line items]
Revenue	$ 691,796	$ 573,957	$ 487,763
(Loss)/profit before taxes	(185,749)	387,639	879,642
Income tax benefit/(expense)	(25,199)	(37,980)	(4,325)
(Loss)/profit from continuing operations	(210,948)	349,659	875,317
Depreciation and amortization	90,939	62,876	57,640
Financing income	(39,361)	(44,686)	(2,934)
Financing expenses	66,333	50,397	144,295
Disclosure Of Operating Segments Other Items Abstract
Net gains (Losses) related to Qoros			251,483
Losses related to ZIM	860	727,650	204
Share in profit of CPV excluding share of depreciation and amortization and financing expenses, net	156,636	167,862	105,668
Changes in net expenses, not in the ordinary course of business and/or of a non-recurring nature	4,878	2,978	929
Share of changes in fair value of derivative financial instruments	(2,168)	2,383	44,901
Share in losses/(profit) of associated companies	200,480	(1,118,175)	(1,250,149)
Gain from distribution of dividend in kind
Other items	478,597	(148,715)	(647,963)
Adjusted Earnings Before Income Tax Depreciation And Amortization	292,848	238,924	231,679
Segment assets	3,405,284	2,692,643	2,138,960
Investments in associated companies	703,156	1,079,417	1,899,454
Total assets	4,108,440	3,772,060	4,038,414
Segment liabilities	2,038,216	1,476,142	1,758,128
OPC Israel [Member]
Disclosure of operating segments [line items]
Revenue	618,830	516,668	437,043
(Loss)/profit before taxes	48,750	23,728	(57,040)
Income tax benefit/(expense)	(14,174)	(9,522)	10,155
(Loss)/profit from continuing operations	34,576	14,206	(46,885)
Depreciation and amortization	65,659	47,134	44,296
Financing income	(6,038)	(10,301)	(2,730)
Financing expenses	48,182	42,062	119,392
Disclosure Of Operating Segments Other Items Abstract
Net gains (Losses) related to Qoros			0
Losses related to ZIM	0	0	0
Share in profit of CPV excluding share of depreciation and amortization and financing expenses, net	0	0	0
Changes in net expenses, not in the ordinary course of business and/or of a non-recurring nature	0	0	0
Share of changes in fair value of derivative financial instruments	0	0	0
Share in losses/(profit) of associated companies	0	0	419
Gain from distribution of dividend in kind
Other items	107,803	78,895	161,377
Adjusted Earnings Before Income Tax Depreciation And Amortization	156,553	102,623	104,337
Segment assets	1,673,149	1,503,811	1,481,149
Investments in associated companies	0	0	0
Segment liabilities	1,423,624	1,226,395	1,324,217
CPV Group [Member]
Disclosure of operating segments [line items]
Revenue	72,966	57,289	50,720
(Loss)/profit before taxes	16,515	61,039	(60,709)
Income tax benefit/(expense)	(4,136)	(9,892)	13,696
(Loss)/profit from continuing operations	12,379	51,147	(47,013)
Depreciation and amortization	25,056	15,519	13,102
Financing income	(5,641)	(25,197)	(37)
Financing expenses	16,790	7,521	24,640
Disclosure Of Operating Segments Other Items Abstract
Net gains (Losses) related to Qoros			0
Losses related to ZIM	0	0	0
Share in profit of CPV excluding share of depreciation and amortization and financing expenses, net	156,636	167,862	105,668
Changes in net expenses, not in the ordinary course of business and/or of a non-recurring nature	4,878	2,978	929
Share of changes in fair value of derivative financial instruments	(2,168)	2,383	44,901
Share in losses/(profit) of associated companies	(65,566)	(85,149)	10,425
Gain from distribution of dividend in kind
Other items	129,985	85,917	199,628
Adjusted Earnings Before Income Tax Depreciation And Amortization	146,500	146,956	138,919
Segment assets	1,102,939	552,569	431,474
Investments in associated companies	703,156	652,358	545,242
Segment liabilities	609,958	241,468	218,004
Z I M Member
Disclosure of operating segments [line items]
Revenue	0	0	0
(Loss)/profit before taxes	(266,906)	305,376	1,260,789
Income tax benefit/(expense)	0	0	0
(Loss)/profit from continuing operations	(266,906)	305,376	1,260,789
Depreciation and amortization	0	0	0
Financing income	0	0	0
Financing expenses	0	0	0
Disclosure Of Operating Segments Other Items Abstract
Net gains (Losses) related to Qoros			0
Losses related to ZIM	860	727,650	204
Share in profit of CPV excluding share of depreciation and amortization and financing expenses, net	0	0	0
Changes in net expenses, not in the ordinary course of business and/or of a non-recurring nature	0	0	0
Share of changes in fair value of derivative financial instruments	0	0	0
Share in losses/(profit) of associated companies	266,046	(1,033,026)	(1,260,993)
Gain from distribution of dividend in kind
Other items	266,906	(305,376)	(1,260,789)
Adjusted Earnings Before Income Tax Depreciation And Amortization	0	0	0
Segment assets	0	0	0
Investments in associated companies	0	427,059	1,354,212
Segment liabilities	0	0	0
Other [Member]
Disclosure of operating segments [line items]
Revenue	0	0	0
(Loss)/profit before taxes	15,892	(2,504)	(263,398)
Income tax benefit/(expense)	(6,889)	(18,566)	(28,176)
(Loss)/profit from continuing operations	9,003	(21,070)	(291,574)
Depreciation and amortization	224	223	242
Financing income	(27,682)	(9,188)	(167)
Financing expenses	1,361	814	263
Disclosure Of Operating Segments Other Items Abstract
Net gains (Losses) related to Qoros			251,483
Losses related to ZIM	0	0	0
Share in profit of CPV excluding share of depreciation and amortization and financing expenses, net	0	0	0
Changes in net expenses, not in the ordinary course of business and/or of a non-recurring nature	0	0	0
Share of changes in fair value of derivative financial instruments	0	0	0
Share in losses/(profit) of associated companies	0	0	0
Gain from distribution of dividend in kind
Other items	(26,097)	(8,151)	251,821
Adjusted Earnings Before Income Tax Depreciation And Amortization	(10,205)	(10,655)	(11,577)
Segment assets	629,196	636,263	226,337
Investments in associated companies	0	0	0
Segment liabilities	$ 4,634	$ 8,279	$ 215,907

Segment, Customer and Geograp_4

Segment, Customer and Geographic Information (Schedule of Major Customers and Percentage of Group's Total Revenues) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of operating segments [line items]
Total revenues	$ 691,796	$ 573,957		$ 487,763
Customer 1 [Member]
Disclosure of operating segments [line items]
Total revenues	$ 99,945	$ 107,081		$ 93,959
Percentage of revenues of the Group	14.45%	18.66%		19.26%
Customer 2 [Member]
Disclosure of operating segments [line items]
Total revenues	$ 79,000	$ 73,518		$ 70,801
Percentage of revenues of the Group	11.42%	12.81%		14.52%
Customer 3 [Member]
Disclosure of operating segments [line items]
Total revenues	$ 71,013	$ 0	[1]	$ 0	[1]
Percentage of revenues of the Group	10.27%	0%	[1]	0%	[1]
[1]Represents an amount less than 10% of the revenues.

Segment, Customer and Geograp_5

Segment, Customer and Geographic Information (Schedule of Information Based on Geographic Areas) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of geographical areas [line items]
Total revenues	$ 691,796	$ 573,957	$ 487,763
Israel [Member]
Disclosure of geographical areas [line items]
Total revenues	618,830	516,668	437,043
United States [Member]
Disclosure of geographical areas [line items]
Total revenues	$ 72,966	$ 57,289	$ 50,720

Segment, Customer and Geograp_6

Segment, Customer and Geographic Information (Schedule of Non-current Assets on the Basis of Geographic Location) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Disclosure of geographical areas [line items]
Total non-current assets	[1]	$ 2,036,109	$ 1,443,216
Israel [Member]
Disclosure of geographical areas [line items]
Total non-current assets		1,290,652	1,050,386
United States [Member]
Disclosure of geographical areas [line items]
Total non-current assets		745,442	392,734
Others [Member]
Disclosure of geographical areas [line items]
Total non-current assets		$ 15	$ 96
[1]Composed of property, plant and equipment and intangible assets.

Related-party Information (Sche

Related-party Information (Schedule of Transactions with Directors and Officers) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [abstract]
Short-term benefits	$ 2,316	$ 2,229
Share-based payments	296	292
Key management personnel compensation	$ 2,612	$ 2,521

Related-party Information (Sc_2

Related-party Information (Schedule of Transactions with Related Parties (Excluding Associates)) (Details) - Parent [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Sale of electricity and revenues from provision of services	$ 31,694	$ 94,264	$ 88,004
Cost Of Sales Amount	(2,620)	(658)	7,802
Dividend received from associate	154,672	727,309	143,964
Other expenses/(income), net	479	0	(337)
Financing (income)/expenses, net	$ (4,130)	$ 580	$ 39,901

Related-party Information (Sc_3

Related-party Information (Schedule of Balances with Related Parties) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Cash and cash equivalent		$ 696,838	$ 535,171	$ 474,544	$ 286,184
Total Related Parties [Member]
Disclosure of transactions between related parties [line items]
Cash and cash equivalent	[1]	55,505	176,246
Short-term deposits and restricted cash	[1]	0	35,662
Trade receivables and other receivables	[1]	33,668	15,421
Other payables	[1]	(108)	(535)
Loans and Other Liabilities
In US dollar or linked thereto	[1]	$ (43,171)	$ (34,524)
[1]IC, Israel Chemicals Ltd (“ICL”), Oil Refineries Ltd (“Bazan”).

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of risk management strategy related to hedge accounting [line items]
Description of sensitivity analysis exchange rate	A strengthening of the dollar exchange rate by 5% – 10% against the following currencies and change of the CPI in rate of 1% – 2% would have increased (decreased) the net income or net loss and the equity by the amounts
LIBOR interest rate description	A change of 1.0% – 1.5% in the SOFR interest rate at reporting date
Level 3 [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
Fair value of long-term investment	$ 0	$ 0

Financial Instruments (Schedule

Financial Instruments (Schedule of Maximum Exposure to Credit Risk for Financial Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of risk management strategy related to hedge accounting [line items]
Cash and cash equivalents	$ 696,838	$ 535,171	$ 474,544	$ 286,184
Other investments	215,797	344,780
Credit Risk [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
Cash and cash equivalents	696,838	535,171
Short-term and long-term deposits and restricted cash	16,769	61,136
Trade receivables and other assets	189,001	122,797
Short-term and long-term derivative instruments	0	16,730
Other investments	215,797	344,780
Maximum exposure to credit risk	$ 1,118,405	$ 1,080,614

Financial Instruments (Schedu_2

Financial Instruments (Schedule of Maximum Exposure to Credit Risk for Trade Receivables By Geographic Region) (Details) - Credit Risk [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of risk management strategy related to hedge accounting [line items]
Maximum exposure to credit risk	$ 1,118,405	$ 1,080,614
Trade Receivables [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
Maximum exposure to credit risk	67,994	73,900
Trade Receivables [Member] | Israel [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
Maximum exposure to credit risk	55,865	67,177
Trade Receivables [Member] | UNITED STATES
Disclosure of risk management strategy related to hedge accounting [line items]
Maximum exposure to credit risk	$ 12,129	$ 6,723

Financial Instruments (Schedu_3

Financial Instruments (Schedule of Aging of Trade Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Not past due nor impaired [Member]
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	$ 67,994	$ 73,900

Financial Instruments (Schedu_4

Financial Instruments (Schedule of Debt Securities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets that are either past due or impaired [line items]
Balance as at 1 January	$ 344,780
Balance as at 31 December	215,797	$ 344,780
ECL [Member]
Disclosure of financial assets that are either past due or impaired [line items]
Balance as at 1 January	732	0	$ 0
Impairment loss on debt securities at FVOCI	642	732	0
Balance as at 31 December	$ 1,374	$ 732	$ 0

Financial Instruments (Schedu_5

Financial Instruments (Schedule of Anticipated Repayment Dates of the Financial Liabilities) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Book Value Non Derivative Financial Liabilities
Trade payables		$ 70,661	$ 95,036
Other current liabilities		84,656	17,681
Lease liabilities including interest payable	[1]	61,428	37,570
Debentures (including interest payable)	[1]	511,030	526,771
Loans from banks and others including interest	[1]	1,023,916	640,348
Financial liabilities - hedging instruments
Financial liabilities		1,751,691	1,317,406
Projected cash fows: Non-derivative financial liabilities
Trade payables		70,661	95,036
Other current liabilities		84,656	17,681
Lease liabilities including interest payable	[1]	140,049	46,938
Debentures (including interest payable)	[1]	559,419	588,997
Loans from banks and others including interest	[1]	1,316,647	793,946
Financial liabilities - hedging instruments
Financial liabilities		2,171,432	1,542,598
Up to 1 year [Member]
Projected cash fows: Non-derivative financial liabilities
Trade payables		70,661	95,036
Other current liabilities		84,656	17,681
Lease liabilities including interest payable	[1]	4,725	17,812
Debentures (including interest payable)	[1]	65,669	22,413
Loans from banks and others including interest	[1]	173,743	44,142
Financial liabilities - hedging instruments
Financial liabilities		399,454	197,084
1-2 years [Member]
Projected cash fows: Non-derivative financial liabilities
Trade payables		0	0
Other current liabilities		0	0
Lease liabilities including interest payable	[1]	4,856	2,855
Debentures (including interest payable)	[1]	68,921	66,467
Loans from banks and others including interest	[1]	100,209	74,438
Financial liabilities - hedging instruments
Financial liabilities		173,986	143,760
2-5 years [Member]
Projected cash fows: Non-derivative financial liabilities
Trade payables		0	0
Other current liabilities		0	0
Lease liabilities including interest payable	[1]	12,923	6,756
Debentures (including interest payable)	[1]	313,293	223,939
Loans from banks and others including interest	[1]	375,479	172,343
Financial liabilities - hedging instruments
Financial liabilities		701,695	403,038
More than five years [Member]
Projected cash fows: Non-derivative financial liabilities
Trade payables		0	0
Other current liabilities		0	0
Lease liabilities including interest payable	[1]	117,545	19,515
Debentures (including interest payable)	[1]	111,536	276,178
Loans from banks and others including interest	[1]	667,216	503,023
Financial liabilities - hedging instruments
Financial liabilities		$ 896,297	$ 798,716
[1]Includes current portion of long-term liabilities.

Financial Instruments (Schedu_6

Financial Instruments (Schedule of Exposure Foreign Currency Risk Non-Hedging Derivative Financial Instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of fair value measurement of liabilities [line items]
Expiration Date Of Financial Instruments	2036	2036
Forward contracts on exchange rates [Member]
Disclosure of fair value measurement of liabilities [line items]
Currency Linkage Receivable	Dollar
Currency Linkage Payable Financial Instruments	NIS
Amount Receivable Financial Instruments	$ 5,762
Amount Payable Financial Instruments	$ 21,066
Expiration Date Of Financial Instruments	2024
Fair Value Of Financial Instruments	$ (175)
Forward contracts on exchange rates [Member]
Disclosure of fair value measurement of liabilities [line items]
Currency Linkage Receivable	Dollar	Dollar
Currency Linkage Payable Financial Instruments	NIS	NIS
Amount Receivable Financial Instruments	$ 2,622	$ 5,566
Amount Payable Financial Instruments	$ 9,498	$ 18,912
Expiration Date Of Financial Instruments	2024	2023
Fair Value Of Financial Instruments	$ 4	$ 641

Financial Instruments (Schedu_7

Financial Instruments (Schedule of Exposure to Index Risk with Respect to Derivative Instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of fair value measurement of liabilities [line items]
Index receivable	CPI	CPI
Interest payable	1.76%	1.76%
Expiration date	2036	2036
Amount of linked principal	$ 81,051	$ 89,619
Fair value	$ 10,268	$ 9,353

Financial Instruments (Schedu_8

Financial Instruments (Schedule of Exposure to CPI and Foreign Currency Risks) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Non Derivative Instruments Abstract
Cash and cash equivalents	$ 696,838	$ 535,171	$ 474,544	$ 286,184
Short-term deposits and restricted cash	532	45,990
Trade receivables	67,994	73,900
Investments in other companies	0	427,059
Trade payables	181,898	133,415
Other current liabilities	8,256	10,833
Loans from banks and others and debentures	1,360,406	1,123,809
Currency risk [Member] | Unlinked [Member]
Non Derivative Instruments Abstract
Cash and cash equivalents	91,247	165,186
Short-term deposits and restricted cash	15,218	35,695
Trade receivables	55,865	10,007
Other current assets	10,841	58,006
Long-term deposits and restricted cash		15,146
Total financial assets	173,171	284,040
Trade payables	28,479	36,669
Other current liabilities	7,545	20,930
Loans from banks and others and debentures	779,808	583,651
Total financial liabilities	815,832	641,250
Total non-derivative financial instruments, net	(642,661)	(357,210)
Derivative instruments	0	0
Net assets	(642,661)	(357,210)
Currency risk [Member] | CPI linked [Member]
Non Derivative Instruments Abstract
Cash and cash equivalents	0	0
Short-term deposits and restricted cash	0	0
Trade receivables	0	0
Other current assets	0	0
Long-term deposits and restricted cash		0
Total financial assets	0	0
Trade payables		0
Other current liabilities	4,680	5,494
Loans from banks and others and debentures	413,811	414,071
Total financial liabilities	418,491	419,565
Total non-derivative financial instruments, net	(418,491)	(419,565)
Derivative instruments	10,268	9,353
Net assets	(408,223)	(410,212)
Currency risk [Member] | Other [Member]
Non Derivative Instruments Abstract
Cash and cash equivalents	2,263	1,102
Short-term deposits and restricted cash	0	0
Trade receivables	0	0
Other current assets	72	212
Long-term deposits and restricted cash		0
Total financial assets	2,335	1,314
Trade payables	1,633	14,734
Other current liabilities	116	640
Loans from banks and others and debentures	0	0
Total financial liabilities	1,749	15,374
Total non-derivative financial instruments, net	586	(14,060)
Derivative instruments	0	0
Net assets	$ 586	$ (14,060)

Financial Instruments (Schedu_9

Financial Instruments (Schedule of Sensitivity Analysis) (Details) - Currency risk [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Shekel/dollar [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
Ten Percent Increase Effect On Net Income (Loss) And Equity	$ 1,208	$ (7,375)
Five Percent Increase Effect On Net Income Loss And Equity	604	(3,687)
Five Percent Decrease Effect On Net Income Loss And Equity	(604)	3,687
Ten Percent Decrease Effect On Net Income (Loss) And Equity	(1,208)	7,375
Shekel/EUR [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
Ten Percent Increase Effect On Net Income (Loss) And Equity	43	(1,094)
Five Percent Increase Effect On Net Income Loss And Equity	22	(547)
Five Percent Decrease Effect On Net Income Loss And Equity	(22)	547
Ten Percent Decrease Effect On Net Income (Loss) And Equity	(43)	1,094
Dollar/EUR [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
Ten Percent Increase Effect On Net Income (Loss) And Equity	(15,855)
Five Percent Increase Effect On Net Income Loss And Equity	(7,928)
Five Percent Decrease Effect On Net Income Loss And Equity	7,928
Ten Percent Decrease Effect On Net Income (Loss) And Equity	15,855
Cpi Linked Member
Disclosure of risk management strategy related to hedge accounting [line items]
Two Percent Increase Effect On Net Income Loss And Equity	(6,114)	(6,306)
One Percent Increase Effect On Net Income Loss And Equity	(3,058)	(3,153)
One Percent Decrease Effect On Net Income Loss And Equity	3,058	3,153
Two Percent Decrease Effect On Net Income Loss And Equity	$ 6,114	$ 6,306

Financial Instruments (Sched_10

Financial Instruments (Schedule of Type of Interest Borne by Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial instruments by type of interest rate [line items]
Financial liabilities	$ (1,751,691)	$ (1,317,406)
Fixed interest rate [Member]
Disclosure of financial instruments by type of interest rate [line items]
Financial assets	311,951	549,467
Financial liabilities	(864,953)	(837,698)
Financial assets (liabilities), net	(553,002)	(288,231)
Variable rate instruments [Member]
Disclosure of financial instruments by type of interest rate [line items]
Financial assets	54,408	4,827
Financial liabilities	(665,080)	(324,887)
Financial assets (liabilities), net	$ (610,672)	$ (320,060)

Financial Instruments (Sched_11

Financial Instruments (Schedule of Effect of 100 Basis Point Change on Profit and Loss) (Details) - Variable rate instruments [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial instruments by type of interest rate [line items]
Effect Of 100 Basis Point Increase On Profit Loss Before Tax	$ (6,107)	$ (3,201)
Effect Of 100 Basis Point Decrease On Profit Loss Before Tax	$ 6,107	$ 3,201

Financial Instruments (Sched_12

Financial Instruments (Schedule of sensitive analysis for change in LIBOR interest rate) (Details) - US LIBOR [Member] $ in Thousands	Dec. 31, 2023 USD ($)
Long-term loans [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
1.5% decrease effect on net income (loss) and equity	$ (2,538)
1% decrease effect on net income (loss) and equity	(1,691)
1% increase effect on net income (loss) and equity	1,691
1.5% increase effect on net income (loss) and equity	2,538
Interest rate swaps [Member]
Disclosure of risk management strategy related to hedge accounting [line items]
1.5% decrease effect on net income (loss) and equity	1,555
1% decrease effect on net income (loss) and equity	1,036
1% increase effect on net income (loss) and equity	(1,036)
1.5% increase effect on net income (loss) and equity	$ (1,555)

Financial Instruments (Sched_13

Financial Instruments (Schedule of exposure to LIBOR risk for derivative financial instruments used for hedging) (Details) - Interest Rates Swap [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Disclosure of financial instruments by type of interest rate [line items]
Amount of the linked reserve	$ 185,478
Fair value	$ 4,138
Minimum [Member]
Disclosure of financial instruments by type of interest rate [line items]
Interest rate	0.83%
Expiration date	2030
Maximum [Member]
Disclosure of financial instruments by type of interest rate [line items]
Interest rate	4%
Expiration date	2041

Financial Instruments (Sched_14

Financial Instruments (Schedule of Carrying Amount and Fair Value of Financial Instrument Groups) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Other investments	$ 215,797	$ 344,780
Liabilities
Long-term loans from banks and others (excluding interest)	1,360,406	1,123,809
Carrying Value [Member]
Liabilities
Non-convertible debentures	511,030	526,771
Long-term loans from banks and others (excluding interest)	898,546	516,195
Loans from non-controlling interests	125,252	124,153
At fair value [member]
Liabilities
Non-convertible debentures	485,196	492,714
Long-term loans from banks and others (excluding interest)	906,911	528,011
Loans from non-controlling interests	$ 127,960	$ 113,673

Financial Instruments (Sched_15

Financial Instruments (Schedule of Valuation Techniques Used in Measuring Level 3 Fair Values) (Details) - Long-term investment [Member]	12 Months Ended
	Dec. 31, 2023
Disclosure of financial assets [line items]
Valuation technique	The Group assessed the fair value of the long-term investment (Qoros) using the present value of the expected cash flows.
Significant unobservable data	The likelihood of expected cash flows
Inter-relationship between significant unobservable inputs and fair value measurement	The estimated fair value would increase if the likelihood of expected cash flows increase.

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) ₪ / shares in Units, $ in Thousands, ₪ in Millions	1 Months Ended			12 Months Ended
	Mar. 31, 2024 USD ($) ₪ / shares	Jan. 31, 2024 ILS (₪)	Jan. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from issuance of debentures				$ 0	$ 0	$ 262,750
Kenon [Member]
Disclosure of non-adjusting events after reporting period [line items]
Cash dividend	$ 200,000
Cash dividend per share | ₪ / shares	$ 3.8
Veridis [Member]
Disclosure of non-adjusting events after reporting period [line items]
Proportion of ownership interests held by non-controlling interests				20%
OPC Israel [Member] | Series D Debentures [Member]
Disclosure of non-adjusting events after reporting period [line items]
Weighted-average interest rates (%)		6.20%	6.20%
Proceeds from issuance of debentures		₪ 200	$ 55,000