Ellomay Capital (ELLO) 6-K 22 Sep 22 2022 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2022
Cover [Abstract]
Entity Registrant Name	Ellomay Capital Ltd.
Entity Central Index Key	0000946394
Document Type	6-K
Document Period End Date	Jun. 30, 2022
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Entity Address, Address Line One	18 Rothschild Blvd
Entity Address, Address Line Two	Tel Aviv
Entity Address, Postal Zip Code	6688121
Entity Address, Country	IL

Condensed Consolidated Unaudite

Condensed Consolidated Unaudited Interim Statements of Financial Position € in Thousands, $ in Thousands	Jun. 30, 2022 EUR (€)		Jun. 30, 2022 USD ($)	[1]	Dec. 31, 2021 EUR (€)
Current assets
Cash and cash equivalents	€ 59,951		$ 62,287		€ 41,229
Marketable securities	1,761	[2]	1,830		1,946	[2]
Short term deposits	0		0		28,410
Restricted cash	4,280	[3]	4,447		1,000	[3]
Receivable from concession project	1,786		1,856		1,784
Trade and other receivables	10,744		11,163		9,487
Total Current assets	78,522		81,583		83,856
Non-current assets
Investment in equity accounted investee	32,410		33,673		34,029
Advances on account of investments	1,554		1,615		1,554
Receivable from concession project	25,991		27,004		26,909
Fixed assets	352,680		366,424		340,897	[4]
Right-of-use asset	23,360		24,270		23,367
Intangible asset	4,418		4,590		4,762
Restricted cash and deposits	20,379		21,174		15,630
Deferred tax	23,723		24,648		12,952
Long term receivables	8,581		8,915		5,388
Derivatives	2,718		2,824		2,635
Total Non-current assets	495,814		515,137		468,123
Total assets	574,336		596,720		551,979
Current liabilities
Current maturities of long-term bank loans	12,306		12,786		126,180
Current maturities of other long-term loans	10,000		10,390		16,401
Current maturities of debentures	19,785		20,556		19,806
Trade payables	2,059		2,138		2,904
Other payables	20,120		20,904		20,806
Current maturities of derivatives	38,996		40,516		14,783
Current maturities of lease liabilities	675		701		4,329
Total current liabilities	103,941		107,991		205,209
Non-current liabilities
Long-term lease liabilities	16,206		16,838		15,800
Long-term bank loans	217,845		226,335		39,093
Other long-term loans	25,754		26,758		37,221
Debentures	93,973		97,635		117,493
Deferred tax	6,409		6,659		9,044	[4]
Other long-term liabilities	3,324		3,454		3,905
Derivatives	24,198		25,141		10,107
Total Non-current liabilities	387,709		402,820		232,663
Total liabilities	491,650		510,811		437,872
Equity
Share capital	25,605		26,603		25,605
Share premium	85,943		89,292		85,883
Treasury shares	(1,736)		(1,804)		(1,736)
Transaction reserve with non-controlling Interests	5,697		5,919		5,697
Reserves	(11,763)		(12,221)		7,288
Accumulated deficit	(8,121)		(8,437)		(6,899)	[4]
Total equity attributed to shareholders of the Company	95,625		99,352		115,838
Non-Controlling Interest	(12,939)		(13,443)		(1,731)	[4]
Total equity	82,686		85,909		114,107
Total liabilities and equity	€ 574,336		$ 596,720		€ 551,979
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)[2]During 2021, the Company invested in a traded Corporate Bond with a coupon rate of 3.255%.[3]Deposits used to secure obligations towards the Israeli Electricity Authority for the license for the pumped-storage project in the Manara Cliff in Israel in 2021

Condensed Consolidated Unaudi_2

Condensed Consolidated Unaudited Interim Statements of Profit or Lost and Other Comprehensive Income or Loss € in Thousands, $ in Thousands	6 Months Ended					12 Months Ended
	Jun. 30, 2022 EUR (€) € / shares	Jun. 30, 2022 USD ($) $ / shares	[1]	Jun. 30, 2021 EUR (€) € / shares		Dec. 31, 2021 EUR (€) € / shares
Profit or loss [abstract]
Revenues	€ 29,196	$ 30,334		€ 20,393	[2]	€ 45,721	[2]
Operating expenses	(13,132)	(13,644)		(7,572)	[2]	(17,590)	[2]
Depreciation and amortization expenses	(7,978)	(8,289)		(7,076)	[2]	(15,116)	[2]
Gross profit	8,086	8,401		5,745		13,015
Project development costs	(1,554)	(1,615)		(1,119)		(2,508)
General and administrative expenses	(3,297)	(3,425)		(2,572)		(5,661)
Share of profits (losses) of equity accounted investee	(602)	(625)		(772)		117
Operating profit	2,633	2,736		1,282		4,963
Financing income	4,439	4,612		1,716		2,931
Financing income (expenses) in connection with derivatives and warrants, net	338	351		(109)		(841)
Financing expenses	(6,958)	(7,230)		(7,745)		(28,974)
Financing expenses, net	(2,181)	(2,267)		(6,138)		(26,884)
Profit (loss) before taxes on income	452	469		(4,856)		(21,921)
Tax benefit (Taxes on income)	(1,087)	(1,129)		(306)	[2]	2,281	[2]
Loss for the period	(635)	(660)		(5,162)	[2]	(19,640)	[2]
Profit (loss) attributable to:
Owners of the Company	(1,222)	(1,270)		(5,252)	[2]	(15,090)	[2]
Non-controlling interests	587	610		90	[2]	(4,550)	[2]
Loss for the period	(635)	(660)		(5,162)	[2]	(19,640)	[2]
Other comprehensive loss items that after initial recognition in comprehensive income (loss) were or will be transferred to profit or loss:
Foreign currency translation differences for foreign operations	(3,683)	(3,826)		1,684		12,284
Effective portion of change in fair value of cash flow hedges	(31,942)	(33,186)		(5,202)		(13,429)
Net change in fair value of cash flow hedges transferred to profit or loss	821	853		(1,225)		(3,353)
Total other comprehensive loss	(34,804)	(36,159)		(4,743)		(4,498)
Total other comprehensive loss attributable to:
Owners of the Company	(19,051)	(19,793)		(1,764)		3,124
Non-controlling interests	(15,753)	(16,366)		(2,979)		(7,622)
Total other comprehensive loss	(34,804)	(36,159)		(4,743)		(4,498)
Total comprehensive loss for the period	(35,439)	(36,819)		(9,905)		(24,138)
Total comprehensive loss for the period attributable to:
Owners of the Company	(20,273)	(21,063)		(7,016)		(11,966)
Non-controlling interests	(15,166)	(15,756)		(2,889)		(12,172)
Total comprehensive loss for the period	€ (35,439)	$ (36,819)		€ (9,905)		€ (24,138)
Basic net loss per share | (per share)	€ (0.1)	$ (0.1)		€ (0.41)	[2]	€ (1.18)	[2]
Diluted net loss per share | (per share)	€ (0.1)	$ (0.1)		€ (0.41)	[2]	€ (1.18)	[2]
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)[2]Reclassified, please see Note 2C.

Condensed Consolidated Unaudi_3

Condensed Consolidated Unaudited Interim Statements of Changes in Equity € in Thousands, $ in Thousands	Share capital [Member] EUR (€)	Share capital [Member] USD ($)	[2]	Share Premium [Member] EUR (€)	Share Premium [Member] USD ($)	[2]	Retained earnings [Member] EUR (€)		Retained earnings [Member] USD ($)	[2]	Treasury shares [Member] EUR (€)	Treasury shares [Member] USD ($)	[2]	Translation reserve from foreign operations [Member] EUR (€)	Translation reserve from foreign operations [Member] USD ($)	[2]	Hedging Reserve [Member] EUR (€)	Hedging Reserve [Member] USD ($)	[2]	Interests Transaction reserve with non-controlling Interests [Member] EUR (€)	Interests Transaction reserve with non-controlling Interests [Member] USD ($)	[2]	Total [Member] EUR (€)	Total [Member] USD ($)	[2]	Non-controlling Interests [Member] EUR (€)		Non-controlling Interests [Member] USD ($)	[2]	EUR (€)		USD ($)	[2]
Balance at Dec. 31, 2020	€ 25,102			€ 82,401			€ 8,191				€ (1,736)			€ 3,823			€ 341			€ 6,106			€ 124,228			€ 798				€ 125,026
Profit (loss) for the period	0			0			(5,252)	[1]			0			0			0			0			(5,252)			90	[1]			(5,162)	[1]
Other comprehensive loss for the period	0			0			0				0			1,636			(3,400)			0			(1,764)			(2,979)				(4,743)
Total comprehensive loss for the period	0			0			(5,252)				0			1,636			(3,400)			0			(7,016)			(2,889)				(9,905)
Transactions with owners of the Company, recognized directly in equity:
Issuance of Capital note to non-controlling interest	0			0			0				0			0			0			0			0			8,682				8,682
Acquisition of shares in subsidiaries from non-controlling interests	0			0			0				0			0			0			(961)			(961)			961				0
Warrants exercise	454			3,348			0				0			0			0			0			3,802			0				3,802
Options exercise	22			0			0				0			0			0			0			22			0				22
Share-based payments	0			13			0				0			0			0			0			13			0				13
Balance at Jun. 30, 2021	25,578			85,762			2,939				(1,736)			5,459			(3,059)			5,145			120,088			7,552				127,640
Balance at Dec. 31, 2020	25,102			82,401			8,191				(1,736)			3,823			341			6,106			124,228			798				125,026
Profit (loss) for the period	0			0			(15,090)	[1]			0			0			0			0			(15,090)			(4,550)	[1]			(19,640)	[1]
Other comprehensive loss for the period	0			0			0				0			11,542			(8,418)			0			3,124			(7,622)				(4,498)
Total comprehensive loss for the period	0			0			(15,090)				0			11,542			(8,418)			0			(11,966)			(12,172)				(24,138)
Transactions with owners of the Company, recognized directly in equity:
Issuance of Capital note to non-controlling interest	0			0			0				0			0			0			0			0			8,682				8,682
Acquisition of shares in subsidiaries from non-controlling interests	0			0			0				0			0			0			(409)			(409)			961				552
Warrants exercise	454			3,419			0				0			0			0			0			3,873			0				3,873
Options exercise	49			0			0				0			0			0			0			49			0				49
Share-based payments	0			63			0				0			0			0			0			63			0				63
Balance at Dec. 31, 2021	25,605	$ 26,603		85,883	$ 89,230		(6,899)		$ (7,167)		(1,736)	$ (1,804)		15,365	$ 15,964		(8,077)	$ (8,392)		5,697	$ 5,919		115,838	$ 120,353		(1,731)		$ (1,799)		114,107		$ 118,554
Profit (loss) for the period	0	0		0	0		(1,222)		(1,270)		0	0		0	0		0	0		0	0		(1,222)	(1,270)		587		610		(635)		(660)
Other comprehensive loss for the period	0	0		0	0		0		0		0	0		(3,466)	(3,601)		(15,585)	(16,192)		0	0		(19,051)	(19,793)		(15,753)		(16,366)		(34,804)		(36,159)
Total comprehensive loss for the period	0	0		0	0		(1,222)		(1,270)		0	0		(3,466)	(3,601)		(15,585)	(16,192)		0	0		(20,273)	(21,063)		(15,166)		(15,756)		(35,439)		(36,819)
Transactions with owners of the Company, recognized directly in equity:
Issuance of Capital note to non-controlling interest	0	0		0	0		0		0		0	0		0	0		0	0		0	0		0	0		3,958		4,112		3,958		4,112
Share-based payments	0	0		60	62		0		0		0	0		0	0		0	0		0	0		60	62		0		0		60		62
Balance at Jun. 30, 2022	€ 25,605	$ 26,603		€ 85,943	$ 89,292		€ (8,121)		$ (8,437)		€ (1,736)	$ (1,804)		€ 11,899	$ 12,363		€ (23,662)	$ (24,584)		€ 5,697	$ 5,919		€ 95,625	$ 99,352		€ (12,939)		$ (13,443)		€ 82,686		$ 85,909
[1]Reclassified, please see Note 2C.[2]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)

Condensed Consolidated Unaudi_4

Condensed Consolidated Unaudited Interim Statements of Cash Flows € in Thousands, $ in Thousands	6 Months Ended					12 Months Ended
	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)	[1]	Jun. 30, 2021 EUR (€)		Dec. 31, 2021 EUR (€)
Cash flows from operating activities
Loss for the period	€ (635)	$ (660)		€ (5,162)	[2]	€ (19,640)	[2]
Adjustments for:
Financing expenses, net	2,181	2,267		6,138		26,884
Profit from settlement of derivatives contract	0	0		(407)		(407)
Depreciation and amortization	7,978	8,289		7,076	[2]	15,116	[2]
Share-based payment transactions	60	62		13		63
Share of losses (profits) of equity accounted investees	602	625		772		(117)
Payment of interest on loan by an equity accounted investee	0	0		859		859
Change in trade receivables and other receivables	(2,579)	(2,680)		(2,124)		(1,883)
Change in other assets	53	55		(782)		(545)
Change in receivables from concessions project	(550)	(571)		757		1,580
Change in trade payables	(801)	(832)		(941)		154
Change in other payables	7,878	8,185		3,715		2,380
Income tax expense (tax benefit)	1,087	1,129		306	[2]	(2,281)	[2]
Income taxes paid	(3,255)	(3,382)		(15)		(94)
Interest received	922	958		921		1,844
Interest paid	(4,924)	(5,116)		(3,857)		(7,801)
Net cash provided by operating activities	8,017	8,329		7,269		16,112
Cash flows from investing activities
Acquisition of fixed assets	(22,274)	(23,142)		(64,665)		(83,682)
Repayment of loan by an equity accounted investee	149	155		1,400		1,400
Loan to an equity accounted investee	0	0		(244)		(335)
Advances on account of investments	0	0		(8)		0
Settlement of derivatives contract	(528)	(549)		(252)		(976)
Investment in restricted cash, net	(8,241)	(8,562)		(185)		(5,990)
Proceeds from (investment in) short term deposit	27,645	28,722		8,533		(18,599)
Proceeds from (investment in) marketable securities	0	0		1,785		(112)
Net cash used in investing activities	(3,249)	(3,376)		(53,636)		(108,294)
Cash flows from financing activities
Sale of shares in subsidiaries to non-controlling interests	0	0		1,400		1,400
Proceeds from options	0	0		22		49
Cost associated with long term loans	(8,958)	(9,307)		(197)		(2,796)
Payment of principal of lease liabilities	(4,000)	(4,156)		0		(4,803)
Proceeds from long term loans	196,189	203,835		32,476		32,947
Repayment of long-term loans	(143,095)	(148,672)		(3,390)		(18,905)
Repayment of Debentures	(19,764)	(20,534)		(30,730)		(30,730)
Repayment of SWAP instrument associated with long term loans	(3,290)	(3,418)		0		0
Proceeds from issue of convertible debentures	0	0		15,571		15,571
Proceeds from issuance of Debentures, net	0	0		25,465		57,717
Issuance / exercise of warrants	0	0		3,675		3,746
Net cash provided by financing activities	17,082	17,748		44,292		54,196
Effect of exchange rate fluctuations on cash and cash equivalents	(3,128)	(3,250)		2,489		12,370
Increase (decrease) in cash and cash equivalents	18,722	19,451		414		(25,616)
Cash and cash equivalents at the beginning of the period	41,229	42,836		66,845		66,845
Cash and cash equivalents at the end of the period	€ 59,951	$ 62,287		€ 67,259		€ 41,229
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)[2]Reclassified, please see Note 2C.

General

General	6 Months Ended
	Jun. 30, 2022
Disclosure Of General Information [Abstract]
General	Note 1 - General Ellomay Capital Ltd. (hereinafter - the “Company”), is an Israeli company involved in the production of renewable and clean energy. As of June 30, 2022, the Company owns seven photovoltaic plants (each, a “PV Plant” and, together, the “PV Plants”) that are operating and connected to their respective national grids as follows: (i) five photovoltaic plants in Spain with an aggregate installed capacity of approximately 35.9 MW, (ii) 51% of Talasol, which owns a photovoltaic plant with installed capacity of 300MW in the municipality of Talaván, Cáceres, Spain (hereinafter – the “Talasol Project”) and (iii) one photovoltaic plant in Israel with an aggregate installed capacity of approximately 9 MW. In addition, the Company indirectly owns: (i) 9.375% of Dorad Energy Ltd. (hereinafter - “Dorad”), (ii) Ellomay Solar Italy One SRL and Ellomay Solar Italy Two SRL, that are constructing photovoltaic plants with installed capacity of 14.8 MW and 4.95 MW, respectively, in the municipality of Latina, Borgo Bainsizza, Lazio Region, Italy, (iii) Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million (with a license to produce 7.5 million) Nm3 per year, respectively, and (iv) 83.333% of Ellomay Pumped Storage (2014) Ltd. (hereinafter – “Ellomay PS”), which is constructing a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel (hereinafter – the “Manara PSP”). The ordinary shares of the Company are listed on the NYSE American and on the Tel Aviv Stock Exchange under the trading symbol “ELLO”. The address of the Company’s registered office is 18 Rothschild Blvd., Tel Aviv, Israel. Effects of the spreading of the coronavirus and of the military conflict between Russia and Ukraine Following the outbreak of the coronavirus (Covid-19) in China in December 2019, and the spreading of Covid-19 to many other countries since the beginning of 2020, creating the current pandemic situation, there was a decrease in economic activity in many areas around the world, including Israel, Spain and Italy. The spread of the virus has led, inter alia, to a disruption in the supply chain, a decrease in global transportation, restrictions on travel and work that were announced by the State of Israel and other countries around the world and a decrease in the value of financial assets and commodities on the markets in Israel and the world. In recent months, Spain, Italy, and Israel have experienced a resurgence in the number of Covid-19 cases, causing the local governments to renew restrictions and implement additional measures in order to attempt to curb the spread of the pandemic. Although the Company’s operations have not thus far been materially adversely affected by the restrictions imposed by local governments and authorities in the countries in which the Company operates, in the event the restrictions continue, or new restrictions are imposed, the operations of the Company, including the projects under construction and development, may be adversely affected. Also, as a result of the Covid-19 pandemic, the electricity prices in the European markets declined during the beginning of the pandemic due to the decrease in demand, resulting in a slight decrease in the Company’s revenues in Spain. Despite a decrease in the number and severity of Covid-19 cases in recent months compared to the first year of the pandemic, the impact and implications of the pandemic, including the delays in supply chains and the shortage of components, causing delays, and increases in costs and expenses, are still impacting the markets and industries worldwide and may also indirectly affect the operations of the Company, for example through changes in the prices of oil resulting in a decrease in the electricity prices, and through reduction in demand for electricity, delays in construction of projects due to curtailment of work, limited availability of components required in order to operate or construct new projects, regulatory changes by countries affected by the virus, including changes in subsidies, collection delays, delays in obtaining permits, limited availability or changes in terms of financing for future projects, limited availability of corporate financing and lower returns on potential future investments. As a result, the Company's business and operating results could be negatively affected. The military conflict between Russia and Ukraine impacted European and other markets and caused delays in supply and shortages in supply, including natural gas supply. Since the commencement of the military conflict between Russia and Ukraine and the gas shortage caused by such conflict, the electricity prices in the European markets have significantly increased and are currently higher that were in effect prior to the pandemic. The war in Ukraine also caused shortages in certain raw materials and an increase in delivery prices, impacting our biogas operations in the Netherlands. The supply of raw materials has since been renewed. In connection with the increases in electricity prices that commenced prior to the military conflict between Russia and the Ukraine but were enhanced significantly since the commencement of the conflict, the Spanish government implemented RDL 17/2021 that establishes the reduction, initially until March 31, 2022, of returns on the electricity generating activity of Spanish production facilities that do not emit greenhouse gases accomplished through payments of a portion of the revenues by the production facilities to the Spanish government. RDL 17/2021 was thereafter extended and applied until June 30, 2022. The continued military conflict between Russian and the Ukraine may adversely impact our operations in the future, including through the implementation of new regulation in the countries in which we operate, changes in the financial markets and availability of funds in Europe, shortages in raw materials and continued increase in delivery prices. The extent to which the Covid-19 pandemic and the military conflict between Russian and Ukraine impacts the business of the Company will depend on future developments, which are highly uncertain and cannot be predicted. Increase in Annual Interest Rate of the Company’s Series C Debentures On June 6, 2022, the holders of the Company’s Series C Debentures approved an amendment to the Series C Deed of Trust, which provides for certain revisions to the financial covenants and for the increase of the annual interest rate payable on the principal of the Series C Debentures by 0.25% from 3.3% to 3.55%, commencing on June 6, 2022.

Basis of Preparation and Signif

Basis of Preparation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Disclosure Of Basis Of Preparation And Significant Accounting Policies [Abstract]
Basis of Preparation and Significant Accounting Policies	Note 2 - Basis of Preparation and Significant Accounting Policies The accounting policies applied by the Company in these condensed consolidated unaudited interim financial statements are the same as those applied by the Company in its annual financial statements for 2021. A. Statement of compliance These condensed consolidated interim financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting These condensed consolidated interim financial statements were authorized for issue on September 22, 2022. B. Use of estimates and judgments The preparation of financial statements in conformity with IFRS requires management to exercise judgment when making assessments, 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. The significant judgments made by management in applying the Company’s accounting policies and the principal assumptions used in the estimation of uncertainty were the same as those that applied to the annual financial statements. C. Initial application of new standards, amendments to standards and interpretations Amendment to IAS 16, Property, Plant and Equipment The Amendment annuls the requirement by which in the calculation of costs directly attributable to fixed assets, the net proceeds from selling certain items that were produced while the Company tested the functioning of the asset should be deducted (such as samples that were produced when testing the equipment). Instead, such proceeds shall be recognized in profit or loss and the cost of the sold items will be measured according to the measurement requirements of IAS 2, Inventories The Amendment is applied retrospectively, including an amendment of comparative data, only with respect to fixed asset items that have been brought to the location and condition required for them to operate in the manner intended by management subsequent to the earliest reporting period presented at the date of initial application of the Amendment. The cumulative effect of the Amendment was included in the opening balance of retained earnings for the earliest reporting period presented. As a result of applying the Amendment the Company recognized an increase in the balance of fixed assets against a corresponding increase in retained earnings and the deferred tax in 2021. Please see the tables below: December 31, 2021 € in thousands As previously reported Application effect IAS16- Amendment As reported in these financial statements Audited Unaudited Unaudited Fixed assets 340,065 832 340,897 Deferred tax 8,836 208 9,044 Accumulated deficit (7,217 ) 318 (6,899 ) Non-Controlling Interest (2,037 ) 306 (1,731 ) Revenues 44,783 938 45,721 Operating expenses (17,524 ) (66 ) (17,590 ) Depreciation and amortization expenses (15,076 ) (40 ) (15,116 ) Tax benefit (Taxes on income) 2,489 (208 ) 2,281 Profit (loss) attributable to: Owners of the Company (15,408 ) 318 (15,090 ) Non-controlling interests (4,856 ) 306 (4,550 ) Basic loss per share (1.20 ) 0.02 (1.18 ) Diluted loss per share (1.20 ) 0.02 (1.18 ) June 30, 2021 € in thousands As previously reported Application effect IAS16- Amendment As reported in these financial statements Unaudited Fixed assets 312,983 852 313,835 Deferred tax 8,124 213 8,337 Accumulated deficit 2,613 326 2,939 Non-Controlling Interest 7,239 313 7,552 Revenues 19,455 938 20,393 Operating expenses (7,506 ) (66 ) (7,572 ) Depreciation and amortization expenses (7,056 ) (20 ) (7,076 ) Tax benefit (Taxes on income) (93 ) (213 ) (306 ) Profit (loss) attributable to: Owners of the Company (5,578 ) 326 (5,252 ) Non-controlling interests (223 ) 313 90 Basic loss per share (0.44 ) 0.03 (0.41 ) Diluted loss per share (0.44 ) 0.03 (0.41 ) Amendment to IAS 37, Provisions, Contingent Liabilities and Contingent Assets – Costs of Fulfilling a Contract – According to the Amendment, when assessing whether a contract is onerous, the costs of fulfilling a contract that should be taken into consideration are costs that relate directly to the contract, which include the following: - Incremental costs; and - An allocation of other costs that relate directly to fulfilling a contract (such as depreciation expenses for fixed assets used in fulfilling that contract and other contracts). The Amendment is applied retrospectively as from January 1, 2022, in respect of contracts where the entity has not yet fulfilled all its obligations. Application of the Amendment did not have a material effect on the financial statements.

Seasonality

Seasonality	6 Months Ended
	Jun. 30, 2022
Disclosure of seasonality [Abstract]
Seasonality	Note 3 - Seasonality Solar power production has a seasonal cycle due to its dependency on the direct and indirect sunlight and the effect the amount of sunlight has on the output of energy produced. Thus, low radiation levels during the winter months decrease power production.

Restricted Cash, Deposits and M

Restricted Cash, Deposits and Marketable Securities	6 Months Ended
	Jun. 30, 2022
Disclosure of Restricted cash deposits and marketable securities [Abstract]
Restricted Cash, Deposits and Marketable Securities	Note 4 - Restricted Cash, Deposits and Marketable Securities June 30, December 31, 2022 2021 € in thousands Unaudited Audited Marketable securities (1) 1,761 1,946 Short-term restricted cash (2) 4,280 1,000 Short-term deposits - 28,410 Long-term restricted non-interest-bearing bank deposits (2) 20,379 15,630 1. During 2021, the Company invested in a traded Corporate Bond with a coupon rate of 3.255%. 2. Deposits used to secure obligations towards the Israeli Electricity Authority for the license for the pumped-storage project in the Manara Cliff in Israel in 2021

Trade and Other Receivables

Trade and Other Receivables	6 Months Ended
	Jun. 30, 2022
Trade and other receivables [abstract]
Trade and Other Receivables	Note 5 - Trade and Other Receivables June 30, December 31, 2022 2021 € in thousands Unaudited Audited Current Assets: Trade and other receivables: Government authorities 1,524 1,602 Income receivable 3,366 3,794 Interest receivable 14 3 Current tax - 76 Trade receivable 3,287 598 Inventory 547 640 Derivatives (Note 7) 55 639 Prepaid expenses and other 1,951 2,135 10,744 9,487 Non-current Assets: Long term receivables Loans to others 554 568 Annual rent deposits 48 33 Prepaid expenses associated with long term loans (1) 7,927 4,787 Other 52 - 8,581 5,388 (1) Prepaid commission expenses paid in connection with the Talasol Project’s project finance obtained from financing entities as at December 31, 2021 and prepaid commission expenses paid in connection with the Manara PSP project finance obtained from financing entities as at June 30, 2022.

Investee Companies and Other In

Investee Companies and Other Investments	6 Months Ended
	Jun. 30, 2022
Disclosure of associates [abstract]
Investee Companies and Other Investments	Note 6 and Other Investments Information about investee companies and other investments A. U. Dori Energy Infrastructures Ltd. (“Dori Energy”)- The Company, through its wholly owned subsidiary, Ellomay Clean Energy Ltd. (“Ellomay Energy”), entered into an Investment Agreement (the “Dori Investment Agreement”) with Amos Luzon Entrepreneurship and Energy Group Ltd. (the “Luzon Group”), and Dori Energy, with respect to an investment in Dori Energy. Dori Energy holds 18.75% of the share capital of Dorad, which owns an approximate 860 MW bi-fuel operated power plant in the vicinity of Ashkelon, Israel (the “Dorad Power Plant”). Dorad holds production and supply licenses, both expiring in May 2034 and commenced commercial operation in May 2014. Dorad provided guarantees in favor of the Israeli Electricity Authority, the Israel Electric Corporation and Israel Natural Gas Lines Ltd. These guarantees were provided through Dorad’s shareholders at their proportionate holdings, as required by the financing agreements executed by Dorad. As of June 30, 2022, total performance guarantees provided by Dorad amounted to approximately NIS 147,000 thousand (approximately €40,425 thousand). The Company's indirect share of guarantees that Dorad provided through its shareholders is approximately NIS 13,780 thousand (approximately €3,790 thousand). Dorad and its shareholders are involved in several legal proceedings as follows: Petition to Approve a Derivative Claim filed by Dori Energy and Ran Fridrich and Third Party Notices In connection with the description of the petition to approve a derivative claim filed by Dori Energy and Hemi Raphael (replaced by Ran Fridrich) and related third party notices included in Note 6.A to the annual financial statements, the parties filed several motions in connection with the discovery process, the evidentiary hearings and expert opinions. Additional evidentiary hearings were held in March-May 2021. On May 19, 2022, summaries were submitted and during June and July 2022 several hearings were held to complete the oral arguments. The arbitrator informed the parties that he will issue an arbitration award in the first quarter of 2023. The Company estimates (after consulting with legal counsel), that at this stage it is not yet possible to assess the outcome of the proceeding. With respect to the third party notices filed in connection with the derivative claim against Dori Energy and other parties, the Company estimates (after consulting with legal counsel) that if the main (Derivative) claim is dismissed then the third party notices will be redundant, whereas if the main claim is accepted, it is more likely than not that the third party notices shall be rejected, as they are based on arguments similar to those raised by the defendants in their statements against of defense filed against the main claim. Petition to Approve a Derivative Claim filed by Edelcom Please see above under “Petition to Approve a Derivative Claim filed by Dori Energy” for updates in connection with the petition to approve a derivative claim filed by Edelcom Ltd., one of the shareholders of Dorad (“Edelcom”), included in Note 6.A to the annual financial statements as this proceeding is also conducted in the framework of the above-mentioned arbitration. As noted above, the arbitration award in expected to be issued during the first quarter of 2023. The Company estimates (after consulting with legal counsel), that the chances of the petition to be approved are lower than the chances that it will be rejected. Opening Motion filed by Zorlu In connection with the description of the opening motion filed by Zorlu Enerji Elektrik Uretim A.S., one of the shareholders of Dorad (“Zorlu”) included in Note 6.A to the annual financial statements, as per which Zorlu asked the court to instruct Dorad to convene a shareholders meeting and to include a discussion and a vote on the planning and construction of an additional power plant adjacent to the existing power plant (the “Dorad 2 Project”), on the agenda of this meeting, in June 2021, a ruling was handed in which the court ordered Dorad to convene a special shareholders meeting, on whose agenda will be the planning and construction of the “Dorad 2 Project”. Following the said ruling, Dorad’s board resolved that Dorad's management will continue to examine the feasibility of the “Dorad 2 Project” and its implications and bring its decisions to the board’s approval. Dorad’s board of directors further resolved that to the extent it will approve the Dorad 2 Project, the decision will be presented to Dorad’s shareholders for approval. On July 27, 2021, a shareholders meeting of Dorad was held. In accordance with the court ruling, the agenda for such meeting included two resolutions (1) the planning and construction of the Dorad 2 Project – a resolution that Dori Energy and Eilat-Ashkelon Infrastructure Services Ltd. (“EAIS”), which holds 37.5% of Dorad, supported and Edelcom and Zorlu rejected; and (2) approval of the aforementioned resolution of the Dorad board of directors – a resolution which Dori Energy and EAIS supported and with respect to which Edelcom and Zorlu abstained. Following such shareholders meeting, correspondence was exchanged between Dorad and Edelcom concerning, among other issues, the implications of the aforementioned resolutions. Dorad estimates (after consulting with legal counsel) that by convening the aforementioned shareholders meeting Dorad complied with the court ruling and therefore the opening motion process ended. To the Company’s knowledge, the Dorad 2 Project is currently under initial internal examination by Dorad. On July 13, 2020, Dorad submitted to the National Infrastructure Committee, or NIC, plans for public objections, on January 11, 2021, the NIC decided to postpone the final decision and on December 27, 2021, the NIC decided to conditionally raise the construction of another power plant to a government decision. There can be no assurance as to if, when and under what terms it will be advanced or promoted by Dorad. B. Manara Pumped Storage Project – On December 31, 2020, Ellomay PS, the Company’s 83.333% owned subsidiary, received the tariff approval for the project from the Israeli Electricity Authority that regulates the tariffs and formulas for purchasing capacity and energy from a pumped storage producer connected to the transmission grid for a period of 20 years beginning on the date of receipt of the permanent production license, upon construction completion and commercial operation. The tariff approval became effective following the financial closing of the Manara PSP in February 2021. On February 11, 2021, the Manara PSP project finance reached financial closing. The Manara PSP project finance is provided by a consortium of Israeli banks and institutional investors, arranged and led by Mizrahi-Tefahot Bank Ltd. as further included in Note 6 and Note 11 to the annual financial statements. On January 31, 2022, Ellomay PS completed all the preliminary conditions for the first withdrawal under the Manara PSP project finance and executed the first withdrawal in the amount of approximately NIS 75,000 thousand (approximately €21,000 thousand), This amount was drawn from the Senior Secured Tranche and the Subordinated Secured B Tranche pro-rata. The amount drawn from the Senior Secured Tranche was approximately NIS 69,133 thousand (approximately €19,390 thousand) at an interest rate of 2.75% during the construction period and 1.9% as from the date of commercial operation. The amount drawn from the Subordinated Secured B Tranche was approximately NIS 5,867 (approximately €1,610 thousand) at an interest rate of 4.45% during the construction period and 4% as from the date of commercial operation. Prior to the first withdrawal, the company requested a waiver in connection with the financial covenants required for the first withdrawal, so that instead of maintaining a projected ratio of minimum debt service cover (PROJECTED ADSCR) and LLCR as defined in the Finance Agreement of 1.35:1.00 for the Senior Secured Tranche, the projected ratio would be 1.34:1.00. In addition, considering the Subordinated Secured B Tranche, the company requested that instead of maintaining a projected minimum debt service coverage ratio and LLCR as defined under the Finance Agreement of 1.23:1.00, the ratio would be 1.24:1.00. The Lenders agreed to the request. As part of the Manara PSP Project Finance, as of June 30, 2022, Ellomay PS paid upfront, agency and commitment fees in the accumulated amount of approximately NIS 30,600 thousand (approxima tely €8,415 C. Ellomay Solar 28MW Photovoltaic Plant in Spain – In June 2022, the photovoltaic plant constructed by Ellomay Solar S.L., a wholly-owned subsidiary of the Company (“Ellomay Solar”), in the municipality of Talaván, Cáceres, Spain, with a peak capacity of 28MW, was connected to the electricity grid and electricity production commenced. The Ellomay Solar PV Plant achieved PAC (Provisional Acceptance Certificate) in July 2022. D. Development of PV Projects in Italy In connection with the Framework Agreement executed in December 2019 and further detailed in Note 6.C to the annual financial statements, development of photovoltaic greenfield projects in Italy is progressing as planned. As of the reporting date, the first two photovoltaic plants with an aggregate capacity of approximately 20 MW entered into engineering, procurement & construction agreements (the “EPC Agreements”) with METKA EGN Italy S.r.l., a 100% indirect subsidiary of MYTILINEOS S.A., under the Renewables & Storage Development Business Unit. The EPC Agreements provide a fixed and lump-sum aggregate amount of approximately €16,030 thousand for the complete execution and performance of the works defined in the EPC Agreements. The works include the engineering, procurement and construction of the PV Plants and the ancillary facilities for injecting power into the grid and early O&M services (until the day immediately preceding the Provisional Acceptance Date). The EPC Agreements include additional customary provisions, including with respect to liquidated damages in connection with delays and performance, performance guarantees, suspension and termination. A notice to proceed was issued to the EPC contractor in May 2022 and construction works began. The construction period is expected to be 10 months. In addition to the aforementioned PV Plants currently under construction, projects with an aggregate capacity of 100 MW reached RTB (“ready to build”) status, projects with an aggregate capacity of 70 MW received applicable licenses and are expected to reach RTB status within approximately 4 months when their appeal period ends, and projects with an aggregate capacity of 250 MW are under advances development stages. E. The Talmei Yosef 9MW Photovoltaic Plant in Israel – In April 2022, Talmei Yosef entered into a tax assessment agreement with the Israeli Tax Authority for the fiscal years 2015-2020, as per which the tax treatment of the Talmei Yosef Plant was determined to follow IFRIC 12 – Service Concession Agreements. As a result of the tax assessment agreement part of the deferred tax recorded in connection with the Talmei Yosef Plant were converted into current income tax (timing differences of payable income tax) and an amount of approximately EUR 3,200 thousand advance payment of income tax was made. F. The Talasol Project – In December 2021, the Talasol Project entered into a New Facilities Agreement in the aggregate amount of €175 million with European institutional lenders (the “Talasol New Facilities Agreement”). Financial closing of the Talasol New Facilities Agreement was achieved in January 2022. The Talasol New Facilities Agreement provides for the provision of two tranches: A. a term loan in the amount of €155 million of which the final maturity date is June 30, 2044, and B. a term loan in the amount of €20 million of which the final maturity date is December 31, 2042. Principal and interest repayment are made on a semi-annual basis, end of June and end of December. The weighted average life of the New Talasol Financing is approximately 11.5 years, and it bears a fixed annual interest rate at a weighted average of approximately 3%. More information regarding the New Talasol Financing included in Note 11 A to the annual financial statements.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2022
Disclosure of detailed information about financial instruments [abstract]
Financial Instruments	Note 7 - Financial Instruments Fair value (1) Financial instruments - the composition of the derivatives June 30, December 31, 2022 2021 € in thousands Unaudited Audited Derivatives presented under current assets Currency swap 55 639 55 639 Derivatives presented under non-current assets Swap contracts 997 - Currency swap 1,721 2,635 2,718 2,635 Derivatives presented under current liabilities Swap contracts (25 ) (3,431 ) Financial power swap (38,971 ) (11,352 ) (38,996 ) (14,783 ) Derivatives presented under non-current liabilities Financial power swap (24,198 ) (9,542 ) Swap contracts - (565 ) (24,198 ) (10,107 ) (2) Financial instruments measured at fair value for disclosure purposes only The carrying amounts of certain financial assets and liabilities, including cash and cash equivalents, trade receivables, other receivables, other short-term investments, deposits, derivatives, bank overdraft, short-term loans and borrowings, trade payables and other payables are the same or proximate to their fair value. The fair values of the other financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows: June 30, 2022 Fair value Carrying Valuation techniques for Inputs used to amount Level 1 Level 2 Level 3 determining fair value determine fair value € in thousands Non-current liabilities: Debentures 113,758 109,412 - - Loans from banks and others (including current maturities) 265,905 - 247,350 - Discounting future cash flows by the market interest rate on the date of measurement. Discount rate of Euribor+ 1.76%-2.75% with a zero floor, Euribor+ 5.27% fixed rate for 5 years of 2.9%-3.55% and 3%-4.65% and linkage to consumer price index in Israel. 379,663 109,412 247,350 - December 31, 2021 Fair value Carrying Valuation techniques for Inputs used to amount Level 1 Level 2 Level 3 determining fair value determine fair value € in thousands Non-current liabilities: Debentures 137,299 140,293 - - Loans from banks and others (including current maturities) 218,895 - 223,287 - Discounting future cash flows by the market interest rate on the date of measurement. Discount rate of Euribor+ 1.76%-2.75% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years 2.9%-3.55% and 4.65% and linkage to consumer price index in Israel 356,194 140,293 223,287 - (3) Fair value hierarchy of financial instruments measured at fair value The table below presents an analysis of financial instruments measured at fair value on the temporal basis using valuation methodology in accordance with hierarchy fair value levels. The various levels are defined as follows: Level 1: quoted prices (unadjusted) in active markets for identical instruments. Level 2: inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly. Level 3: inputs that are not based on observable market data (unobservable inputs). June 30, 2022 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Marketable securities 1,761 - - 1,761 Market price Swap contracts - 972 - 972 Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. Currency swap - 1,776 - 1,776 Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. Dori Energy loan - - 8,863 8,863 Fair value is measured by discounting the expected future loan repayments and using market interest rates appropriate for similar instruments, including the required adjustments for the specific loan. The discounting rate was estimated at approximately 11% and the expected annual change of Israeli Consumer Price Index, during the expected lifetime of the loan, was estimated at approximately 2.5%. Financial power swap - - (63,169 ) (63,169 ) Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks. There have been no transfers from any Level to another Level during the six months ended June 30, 2022. December 31, 2021 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Marketable securities 1,946 - - 1,946 Market price Swap contracts - (3,996 ) - (3,996 ) Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. Currency swap - 3,274 - 3,274 Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. Dori Energy loan - - 8,495 8,495 Fair value is measured by discounting the expected future loan repayments and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. The discounting rate was estimated at approximately 11% and the expected annual change of Israeli Consumer Price Index, during the expected lifetime of the loan, was estimated at approximately 1%. Financial power swap - - (20,894 ) (20,894 ) Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks. (4) Level 3 financial instruments carried at fair value The table hereunder presents a reconciliation from the beginning balance to the ending balance of financial instruments carried at fair value in level 3 of the fair value hierarchy: Financial assets Dori Energy loan € in thousands Balance as at December 31, 2021 8,495 Repayment of loan to an equity accounted investee (149 ) Loan to an equity accounted investee - Total income recognized in profit or loss 208 Interest 592 Foreign Currency translation adjustments (283 ) Balance as at June 30, 2022 8,863 Financial assets Financial power swap € in thousands Balance as at December 31, 2021 (20,894 ) Total loss recognized in other comprehensive income (loss) (42,275 ) Balance as at June 30, 2022 (63,169 )

Fixed assets

Fixed assets	6 Months Ended
	Jun. 30, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Fixed assets	Note 8 - Fixed assets Office Photovoltaic Pumped Biogas furniture and Plants storage installations equipment Total € in thousands Cost Balance as at January 1, 2022 251,027 78,892 35,192 190 365,301 Additions 4,999 13,714 431 14 19,158 Effect of changes in exchange rates - - - (1 ) (1 ) Balance as at June 30, 2022 256,026 92,606 35,623 203 384,458 Balance as at January 1, 2021 223,626 16,607 34,107 180 274,520 Additions 27,401 62,285 1,085 8 90,779 Effect of changes in exchange rates - - - 2 2 Balance as at December 31, 2021 251,027 78,892 35,192 190 365,301 Depreciation Balance as at January 1, 2022 17,297 - 6,952 155 24,404 Depreciation for the period 5,868 - 1,497 10 7,375 Effect of changes in exchange rates - - - (1 ) (1 ) Balance as at June 30, 2022 23,165 - 8,449 164 31,778 Balance as at January 1, 2021 6,286 - 4,002 137 10,425 Depreciation for the year 11,011 - 2,950 16 13,977 Effect of changes in exchange rates - - - 2 2 Balance as at December 31, 2021 17,297 - 6,952 155 24,404 Carrying amounts As at June 30, 2022 232,861 92,606 27,174 39 352,680 As at December 31, 2021 233,730 78,892 28,240 35 340,897

Operating Segments

Operating Segments	6 Months Ended
	Jun. 30, 2022
Disclosure of operating segments [abstract]
Operating Segments	Note 9 - Operating Segments The basis of segmentation and the measurement basis for the segment profit or loss are the same as that presented in Note 22 regarding operating segments in the annual financial statements. Segment assets consist of current assets, fixed assets and intangible assets, as included in reports provided regularly to the chief operating decision maker. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol Israel 1 Gas Dorad Manara segments Reconciliations consolidated For the six months ended June 30, 2022 € in thousands Revenues - 2,081 327 20,402 2,246 5,830 26,756 - 57,642 (28,446 ) 29,196 Operating expenses - (100 ) (191 ) (7,088 ) (214 ) (5,539 ) (20,769 ) - (33,901 ) 20,769 (13,132 ) Depreciation expenses - (452 ) - (5,655 ) (1,268 ) (1,607 ) (3,240 ) - (12,222 ) 4,244 (7,978 ) Gross profit (loss) - 1,529 136 7,659 764 (1,316 ) 2,747 - 11,519 (3,433 ) 8,086 Project development costs (1,554 ) General and administrative expenses (3,297 ) Share of profits of equity accounted investee (602 ) Operating profit 2,633 Financing income 4,439 Financing expenses in connection with derivatives and warrants, net 338 Financing expenses (6,958 ) Income before taxes on Income 452 Segment assets as at June 30, 2022 7,273 15,376 21,684 267,090 36,404 31,661 108,718 120,906 609,112 (34,776 ) 574,336 1 The Talmei Yosef PV Plant located in Israel is presented under the fixed asset model and not under the financial asset model as per IFRIC 12. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol Israel 1 Gas Dorad Manara segments Reconciliations consolidated For the six months ended June 30, 2021 € in thousands Revenues - 1,534 - 12,140 2,130 6,129 22,940 - 44,873 (24,480 ) 20,393 Operating expenses - (423 ) - (2,054 ) (170 ) (4,925 ) (18,049 ) - (25,621 ) 18,049 (7,572 ) Depreciation expenses - (451 ) - (4,836 ) (1,151 ) (1,552 ) (2,685 ) - (10,675 ) 3,599 (7,076 ) Gross profit (loss) - 660 - 5,250 809 (348 ) 2,206 - 8,577 (2,832 ) 5,745 Project development costs (1,119 ) General and administrative expenses (2,572 ) Share of profits of equity accounted investee (772 ) Operating profit 1,282 Financing income 1,716 Financing expenses in connection with derivatives and warrants, net (109 ) Financing expenses (7,745 ) Loss before taxes on Income (4,856 ) Segment assets as at June 30, 2021 833 15,130 5,589 243,076 35,548 34,903 106,164 90,300 531,543 (34,903 ) 496,640 1 The Talmei Yosef PV Plant located in Israel is presented under the fixed asset model and not under the financial asset model as per IFRIC 12. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol Israel 1 Gas Dorad Manara segments Reconciliations consolidated For the year ended December 31, 2021 € in thousands Revenues - 2,587 - 29,432 4,255 12,686 51,630 - 100,590 (54,869 ) 45,721 Operating expenses - (472 ) - (6,305 ) (367 ) (10,446 ) (39,175 ) - (56,765 ) 39,175 (17,590 ) Depreciation expenses - (904 ) - (10,586 ) (2,374 ) (3,135 ) (5,539 ) - (22,538 ) 7,422 (15,116 ) Gross profit (loss) - 1,211 - 12,541 1,514 (895 ) 6,916 - 21,287 (8,272 ) 13,015 Project development costs (2,508 ) General and administrative expenses (5,661 ) Share of loss of equity accounted investee 117 Operating profit 4,963 Financing income 2,931 Financing expenses in connection with derivatives and warrants, net (841 ) Financing expenses, net (28,974 ) Loss before taxes on Income (21,921 ) Segment assets as at December 31, 2021 1,715 13,841 14,456 247,004 38,809 34,570 118,435 107,678 576,508 (24,529 ) 551,979 1

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Presentation of leases for lessee [abstract]
Leases	Note 10 - Leases 1. Material lease agreements entered into during the period Ellomay Solar Italy One and Ellomay Solar Italy Two each lease land in in the municipality of Latina, Borgo Bainsizza, Lazio Region, Italy from private lessors for a period of 31 years, on which they are constructing photovoltaic facilities. The contractual period of the aforesaid lease agreements ends in May 2053. A right-of-use asset in the amount of €1,335 thousand has been recognized in the statement of financial position in May 2022 in respect of leases of land. A lease liability in the amount of €1,335 thousand has been recognized in the statement of financial position in May 2022 in respect of such leases of land, out of which an amount of €17 thousand has been recognized in short term liabilities. 2. Right-of-use assets Italy Spain Talasol Israel Bio Gas Manara Total € in thousands Cost Balance as at January 1, 2022 - 2,755 7,587 1,503 170 11,352 23,367 Additions 1,335 - - 36 - 97 1,468 Depreciation for the period (5 ) (58 ) (202 ) (59 ) (110 ) (237 ) (671 ) Disposals - (394 ) - - - - (394 ) Effect of changes in exchange rates - - - (48 ) - (362 ) (410 ) Balance as at June 30, 2022 1,330 2,303 7,385 1,432 60 10,850 23,360 3. Lease liability Maturity analysis of the company's lease liabilities June 30, 2022 € in thousands Less than one year 675 One to five years 2,840 More than five years 13,366 Total 16,881 Current maturities of lease liability 675 Long-term lease liability 16,206

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2022
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	Note 11 - Subsequent events In order to manage the currency risk resulting from the Series C Debentures, which are denominated in NIS, the Company executed currency swap transactions in March 2021. The Company exchanged Series C Debentures NIS denominated notional principal in the aggregate amount of NIS 100,000 thousand with a euro notional principal. Such currency swap transactions qualified for hedge accounting. On August 17, 2022, the company closed the currency swap transaction at a mark to market price of approximately EUR 3.8 million and recorded the proceeds to be received in the same amount against the hedging reserve. The hedging reserve will be recorded as financing expenses over the life of Series C Debentures.

Basis of Preparation and Sign_2

Basis of Preparation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Disclosure Of Basis Of Preparation And Significant Accounting Policies [Abstract]
Statement of compliance	A. Statement of compliance These condensed consolidated interim financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting These condensed consolidated interim financial statements were authorized for issue on September 22, 2022.
Use of estimates and judgments	B. Use of estimates and judgments The preparation of financial statements in conformity with IFRS requires management to exercise judgment when making assessments, 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. The significant judgments made by management in applying the Company’s accounting policies and the principal assumptions used in the estimation of uncertainty were the same as those that applied to the annual financial statements.
Initial application of new standards, amendments to standards and interpretations	C. Initial application of new standards, amendments to standards and interpretations Amendment to IAS 16, Property, Plant and Equipment The Amendment annuls the requirement by which in the calculation of costs directly attributable to fixed assets, the net proceeds from selling certain items that were produced while the Company tested the functioning of the asset should be deducted (such as samples that were produced when testing the equipment). Instead, such proceeds shall be recognized in profit or loss and the cost of the sold items will be measured according to the measurement requirements of IAS 2, Inventories The Amendment is applied retrospectively, including an amendment of comparative data, only with respect to fixed asset items that have been brought to the location and condition required for them to operate in the manner intended by management subsequent to the earliest reporting period presented at the date of initial application of the Amendment. The cumulative effect of the Amendment was included in the opening balance of retained earnings for the earliest reporting period presented. As a result of applying the Amendment the Company recognized an increase in the balance of fixed assets against a corresponding increase in retained earnings and the deferred tax in 2021. Please see the tables below: December 31, 2021 € in thousands As previously reported Application effect IAS16- Amendment As reported in these financial statements Audited Unaudited Unaudited Fixed assets 340,065 832 340,897 Deferred tax 8,836 208 9,044 Accumulated deficit (7,217 ) 318 (6,899 ) Non-Controlling Interest (2,037 ) 306 (1,731 ) Revenues 44,783 938 45,721 Operating expenses (17,524 ) (66 ) (17,590 ) Depreciation and amortization expenses (15,076 ) (40 ) (15,116 ) Tax benefit (Taxes on income) 2,489 (208 ) 2,281 Profit (loss) attributable to: Owners of the Company (15,408 ) 318 (15,090 ) Non-controlling interests (4,856 ) 306 (4,550 ) Basic loss per share (1.20 ) 0.02 (1.18 ) Diluted loss per share (1.20 ) 0.02 (1.18 ) June 30, 2021 € in thousands As previously reported Application effect IAS16- Amendment As reported in these financial statements Unaudited Fixed assets 312,983 852 313,835 Deferred tax 8,124 213 8,337 Accumulated deficit 2,613 326 2,939 Non-Controlling Interest 7,239 313 7,552 Revenues 19,455 938 20,393 Operating expenses (7,506 ) (66 ) (7,572 ) Depreciation and amortization expenses (7,056 ) (20 ) (7,076 ) Tax benefit (Taxes on income) (93 ) (213 ) (306 ) Profit (loss) attributable to: Owners of the Company (5,578 ) 326 (5,252 ) Non-controlling interests (223 ) 313 90 Basic loss per share (0.44 ) 0.03 (0.41 ) Diluted loss per share (0.44 ) 0.03 (0.41 ) Amendment to IAS 37, Provisions, Contingent Liabilities and Contingent Assets – Costs of Fulfilling a Contract – According to the Amendment, when assessing whether a contract is onerous, the costs of fulfilling a contract that should be taken into consideration are costs that relate directly to the contract, which include the following: - Incremental costs; and - An allocation of other costs that relate directly to fulfilling a contract (such as depreciation expenses for fixed assets used in fulfilling that contract and other contracts). The Amendment is applied retrospectively as from January 1, 2022, in respect of contracts where the entity has not yet fulfilled all its obligations. Application of the Amendment did not have a material effect on the financial statements.

Basis of Preparation and Sign_3

Basis of Preparation and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure Of Basis Of Preparation And Significant Accounting Policies [Abstract]
Schedule of Amendment to IAS 16, Property, Plant and Equipment	December 31, 2021 € in thousands As previously reported Application effect IAS16- Amendment As reported in these financial statements Audited Unaudited Unaudited Fixed assets 340,065 832 340,897 Deferred tax 8,836 208 9,044 Accumulated deficit (7,217 ) 318 (6,899 ) Non-Controlling Interest (2,037 ) 306 (1,731 ) Revenues 44,783 938 45,721 Operating expenses (17,524 ) (66 ) (17,590 ) Depreciation and amortization expenses (15,076 ) (40 ) (15,116 ) Tax benefit (Taxes on income) 2,489 (208 ) 2,281 Profit (loss) attributable to: Owners of the Company (15,408 ) 318 (15,090 ) Non-controlling interests (4,856 ) 306 (4,550 ) Basic loss per share (1.20 ) 0.02 (1.18 ) Diluted loss per share (1.20 ) 0.02 (1.18 ) June 30, 2021 € in thousands As previously reported Application effect IAS16- Amendment As reported in these financial statements Unaudited Fixed assets 312,983 852 313,835 Deferred tax 8,124 213 8,337 Accumulated deficit 2,613 326 2,939 Non-Controlling Interest 7,239 313 7,552 Revenues 19,455 938 20,393 Operating expenses (7,506 ) (66 ) (7,572 ) Depreciation and amortization expenses (7,056 ) (20 ) (7,076 ) Tax benefit (Taxes on income) (93 ) (213 ) (306 ) Profit (loss) attributable to: Owners of the Company (5,578 ) 326 (5,252 ) Non-controlling interests (223 ) 313 90 Basic loss per share (0.44 ) 0.03 (0.41 ) Diluted loss per share (0.44 ) 0.03 (0.41 )

Restricted Cash, Deposits and_2

Restricted Cash, Deposits and Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure of Restricted cash deposits and marketable securities [Abstract]
Schedule of Restricted Cash, Deposits and Marketable Securities	June 30, December 31, 2022 2021 € in thousands Unaudited Audited Marketable securities (1) 1,761 1,946 Short-term restricted cash (2) 4,280 1,000 Short-term deposits - 28,410 Long-term restricted non-interest-bearing bank deposits (2) 20,379 15,630 1. During 2021, the Company invested in a traded Corporate Bond with a coupon rate of 3.255%. 2. Deposits used to secure obligations towards the Israeli Electricity Authority for the license for the pumped-storage project in the Manara Cliff in Israel in 2021

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	6 Months Ended
	Jun. 30, 2022
Trade and other receivables [abstract]
Schedule of Trade and Other Receivables	June 30, December 31, 2022 2021 € in thousands Unaudited Audited Current Assets: Trade and other receivables: Government authorities 1,524 1,602 Income receivable 3,366 3,794 Interest receivable 14 3 Current tax - 76 Trade receivable 3,287 598 Inventory 547 640 Derivatives (Note 7) 55 639 Prepaid expenses and other 1,951 2,135 10,744 9,487 Non-current Assets: Long term receivables Loans to others 554 568 Annual rent deposits 48 33 Prepaid expenses associated with long term loans (1) 7,927 4,787 Other 52 - 8,581 5,388 (1) Prepaid commission expenses paid in connection with the Talasol Project’s project finance obtained from financing entities as at December 31, 2021 and prepaid commission expenses paid in connection with the Manara PSP project finance obtained from financing entities as at June 30, 2022.

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure of detailed information about financial instruments [abstract]
Schedule of Composition of Derivatives	June 30, December 31, 2022 2021 € in thousands Unaudited Audited Derivatives presented under current assets Currency swap 55 639 55 639 Derivatives presented under non-current assets Swap contracts 997 - Currency swap 1,721 2,635 2,718 2,635 Derivatives presented under current liabilities Swap contracts (25 ) (3,431 ) Financial power swap (38,971 ) (11,352 ) (38,996 ) (14,783 ) Derivatives presented under non-current liabilities Financial power swap (24,198 ) (9,542 ) Swap contracts - (565 ) (24,198 ) (10,107 )
Schedule of Statement of Fair value of Other Financial Assets and Liabilities	June 30, 2022 Fair value Carrying Valuation techniques for Inputs used to amount Level 1 Level 2 Level 3 determining fair value determine fair value € in thousands Non-current liabilities: Debentures 113,758 109,412 - - Loans from banks and others (including current maturities) 265,905 - 247,350 - Discounting future cash flows by the market interest rate on the date of measurement. Discount rate of Euribor+ 1.76%-2.75% with a zero floor, Euribor+ 5.27% fixed rate for 5 years of 2.9%-3.55% and 3%-4.65% and linkage to consumer price index in Israel. 379,663 109,412 247,350 - December 31, 2021 Fair value Carrying Valuation techniques for Inputs used to amount Level 1 Level 2 Level 3 determining fair value determine fair value € in thousands Non-current liabilities: Debentures 137,299 140,293 - - Loans from banks and others (including current maturities) 218,895 - 223,287 - Discounting future cash flows by the market interest rate on the date of measurement. Discount rate of Euribor+ 1.76%-2.75% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years 2.9%-3.55% and 4.65% and linkage to consumer price index in Israel 356,194 140,293 223,287 -
Schedule of Fair Values Hierarchy	June 30, 2022 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Marketable securities 1,761 - - 1,761 Market price Swap contracts - 972 - 972 Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. Currency swap - 1,776 - 1,776 Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. Dori Energy loan - - 8,863 8,863 Fair value is measured by discounting the expected future loan repayments and using market interest rates appropriate for similar instruments, including the required adjustments for the specific loan. The discounting rate was estimated at approximately 11% and the expected annual change of Israeli Consumer Price Index, during the expected lifetime of the loan, was estimated at approximately 2.5%. Financial power swap - - (63,169 ) (63,169 ) Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks. December 31, 2021 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Marketable securities 1,946 - - 1,946 Market price Swap contracts - (3,996 ) - (3,996 ) Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. Currency swap - 3,274 - 3,274 Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. Dori Energy loan - - 8,495 8,495 Fair value is measured by discounting the expected future loan repayments and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. The discounting rate was estimated at approximately 11% and the expected annual change of Israeli Consumer Price Index, during the expected lifetime of the loan, was estimated at approximately 1%. Financial power swap - - (20,894 ) (20,894 ) Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks.
Schedule of Reconciliation Financial Instruments Carried at Fair Value	Financial assets Dori Energy loan € in thousands Balance as at December 31, 2021 8,495 Repayment of loan to an equity accounted investee (149 ) Loan to an equity accounted investee - Total income recognized in profit or loss 208 Interest 592 Foreign Currency translation adjustments (283 ) Balance as at June 30, 2022 8,863 Financial assets Financial power swap € in thousands Balance as at December 31, 2021 (20,894 ) Total loss recognized in other comprehensive income (loss) (42,275 ) Balance as at June 30, 2022 (63,169 )

Fixed assets (Tables)

Fixed assets (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Schedule of Fixed Assets	Office Photovoltaic Pumped Biogas furniture and Plants storage installations equipment Total € in thousands Cost Balance as at January 1, 2022 251,027 78,892 35,192 190 365,301 Additions 4,999 13,714 431 14 19,158 Effect of changes in exchange rates - - - (1 ) (1 ) Balance as at June 30, 2022 256,026 92,606 35,623 203 384,458 Balance as at January 1, 2021 223,626 16,607 34,107 180 274,520 Additions 27,401 62,285 1,085 8 90,779 Effect of changes in exchange rates - - - 2 2 Balance as at December 31, 2021 251,027 78,892 35,192 190 365,301 Depreciation Balance as at January 1, 2022 17,297 - 6,952 155 24,404 Depreciation for the period 5,868 - 1,497 10 7,375 Effect of changes in exchange rates - - - (1 ) (1 ) Balance as at June 30, 2022 23,165 - 8,449 164 31,778 Balance as at January 1, 2021 6,286 - 4,002 137 10,425 Depreciation for the year 11,011 - 2,950 16 13,977 Effect of changes in exchange rates - - - 2 2 Balance as at December 31, 2021 17,297 - 6,952 155 24,404 Carrying amounts As at June 30, 2022 232,861 92,606 27,174 39 352,680 As at December 31, 2021 233,730 78,892 28,240 35 340,897

Operating Segments (Tables)

Operating Segments (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure of operating segments [abstract]
Schedule of Segment Assets Consist of Current Assets, Fixed Assets and Intangible Assets	PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol Israel 1 Gas Dorad Manara segments Reconciliations consolidated For the six months ended June 30, 2022 € in thousands Revenues - 2,081 327 20,402 2,246 5,830 26,756 - 57,642 (28,446 ) 29,196 Operating expenses - (100 ) (191 ) (7,088 ) (214 ) (5,539 ) (20,769 ) - (33,901 ) 20,769 (13,132 ) Depreciation expenses - (452 ) - (5,655 ) (1,268 ) (1,607 ) (3,240 ) - (12,222 ) 4,244 (7,978 ) Gross profit (loss) - 1,529 136 7,659 764 (1,316 ) 2,747 - 11,519 (3,433 ) 8,086 Project development costs (1,554 ) General and administrative expenses (3,297 ) Share of profits of equity accounted investee (602 ) Operating profit 2,633 Financing income 4,439 Financing expenses in connection with derivatives and warrants, net 338 Financing expenses (6,958 ) Income before taxes on Income 452 Segment assets as at June 30, 2022 7,273 15,376 21,684 267,090 36,404 31,661 108,718 120,906 609,112 (34,776 ) 574,336 1 The Talmei Yosef PV Plant located in Israel is presented under the fixed asset model and not under the financial asset model as per IFRIC 12. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol Israel 1 Gas Dorad Manara segments Reconciliations consolidated For the six months ended June 30, 2021 € in thousands Revenues - 1,534 - 12,140 2,130 6,129 22,940 - 44,873 (24,480 ) 20,393 Operating expenses - (423 ) - (2,054 ) (170 ) (4,925 ) (18,049 ) - (25,621 ) 18,049 (7,572 ) Depreciation expenses - (451 ) - (4,836 ) (1,151 ) (1,552 ) (2,685 ) - (10,675 ) 3,599 (7,076 ) Gross profit (loss) - 660 - 5,250 809 (348 ) 2,206 - 8,577 (2,832 ) 5,745 Project development costs (1,119 ) General and administrative expenses (2,572 ) Share of profits of equity accounted investee (772 ) Operating profit 1,282 Financing income 1,716 Financing expenses in connection with derivatives and warrants, net (109 ) Financing expenses (7,745 ) Loss before taxes on Income (4,856 ) Segment assets as at June 30, 2021 833 15,130 5,589 243,076 35,548 34,903 106,164 90,300 531,543 (34,903 ) 496,640 1 The Talmei Yosef PV Plant located in Israel is presented under the fixed asset model and not under the financial asset model as per IFRIC 12. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol Israel 1 Gas Dorad Manara segments Reconciliations consolidated For the year ended December 31, 2021 € in thousands Revenues - 2,587 - 29,432 4,255 12,686 51,630 - 100,590 (54,869 ) 45,721 Operating expenses - (472 ) - (6,305 ) (367 ) (10,446 ) (39,175 ) - (56,765 ) 39,175 (17,590 ) Depreciation expenses - (904 ) - (10,586 ) (2,374 ) (3,135 ) (5,539 ) - (22,538 ) 7,422 (15,116 ) Gross profit (loss) - 1,211 - 12,541 1,514 (895 ) 6,916 - 21,287 (8,272 ) 13,015 Project development costs (2,508 ) General and administrative expenses (5,661 ) Share of loss of equity accounted investee 117 Operating profit 4,963 Financing income 2,931 Financing expenses in connection with derivatives and warrants, net (841 ) Financing expenses, net (28,974 ) Loss before taxes on Income (21,921 ) Segment assets as at December 31, 2021 1,715 13,841 14,456 247,004 38,809 34,570 118,435 107,678 576,508 (24,529 ) 551,979 1

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Presentation of leases for lessee [abstract]
Schedule of Right-of-use Assets	Italy Spain Talasol Israel Bio Gas Manara Total € in thousands Cost Balance as at January 1, 2022 - 2,755 7,587 1,503 170 11,352 23,367 Additions 1,335 - - 36 - 97 1,468 Depreciation for the period (5 ) (58 ) (202 ) (59 ) (110 ) (237 ) (671 ) Disposals - (394 ) - - - - (394 ) Effect of changes in exchange rates - - - (48 ) - (362 ) (410 ) Balance as at June 30, 2022 1,330 2,303 7,385 1,432 60 10,850 23,360
Schedule of Maturity Analysis of Company's Lease Liabilities	June 30, 2022 € in thousands Less than one year 675 One to five years 2,840 More than five years 13,366 Total 16,881 Current maturities of lease liability 675 Long-term lease liability 16,206

General (Narrative) (Details)

General (Narrative) (Details) € in Thousands, $ in Thousands		6 Months Ended				12 Months Ended
	Jun. 06, 2022	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)		Jun. 30, 2021 EUR (€)	Dec. 31, 2021 EUR (€)
Disclosure of associates [line items]
Aggregate repayment amount		€ 19,764	$ 20,534	[1]	€ 30,730	€ 30,730
Series C Debentures [Member]
Disclosure of associates [line items]
Borrowings, adjustment to interest rate basis	0.25%
Borrowings, interest rate basis	3.3
Interest rate	3.55%
Groen Gas Goor B V [Member]
Disclosure of associates [line items]
Green gas production capacity per year		3 million	3 million
Groen Gas Oude Tonge B V [Member]
Disclosure of associates [line items]
Green gas production capacity per year		3.8 million	3.8 million
Groen Gas Gelderland B V [Member]
Disclosure of associates [line items]
Green gas production capacity per year		9.5 million	9.5 million
Groen Gas Gelderland B V [Member] | Licenses [Member]
Disclosure of associates [line items]
Green gas production capacity per year		7.5 million	7.5 million
Dorad Energy Ltd [Member]
Disclosure of associates [line items]
Proportion of ownership interest		9.375%	9.375%
Talasol Solar S.L.U [Member]
Disclosure of associates [line items]
Proportion of ownership interest		51%	51%
Ellomay Pumped Storage (2014) Ltd. [Member]
Disclosure of associates [line items]
Proportion of ownership interest		83.333%	83.333%
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)

Basis of Preparation and Sign_4

Basis of Preparation and Significant Accounting Policies (Schedule of Amendment to IAS 16, Property, Plant and Equipment) (Details) € / shares in Units, $ / shares in Units, € in Thousands, $ in Thousands	6 Months Ended					12 Months Ended
	Jun. 30, 2022 EUR (€) € / shares	Jun. 30, 2022 USD ($) $ / shares	[2]	Jun. 30, 2021 EUR (€) € / shares		Dec. 31, 2021 EUR (€) € / shares		Jun. 30, 2022 USD ($)	[2]
Disclosure of initial application of standards or interpretations [line items]
Fixed assets	€ 352,680			€ 313,835		€ 340,897	[1]	$ 366,424
Deferred tax	6,409			8,337		9,044	[1]	6,659
Accumulated deficit	(8,121)			2,939		(6,899)	[1]	(8,437)
Non-Controlling Interest	(12,939)			7,552		(1,731)	[1]	$ (13,443)
Revenues	29,196	$ 30,334		20,393	[1]	45,721	[1]
Operating expenses	(13,132)	(13,644)		(7,572)	[1]	(17,590)	[1]
Depreciation and amortization expenses	(7,978)	(8,289)		(7,076)	[1]	(15,116)	[1]
Tax benefit (Taxes on income)	(1,087)	(1,129)		(306)	[1]	2,281	[1]
Profit (loss) attributable to:
Owners of the Company	(1,222)	(1,270)		(5,252)	[1]	(15,090)	[1]
Non-controlling interests	€ 587	$ 610		€ 90	[1]	€ (4,550)	[1]
Basic net loss per share | (per share)	€ (0.1)	$ (0.1)		€ (0.41)	[1]	€ (1.18)	[1]
Diluted net loss per share | (per share)	€ (0.1)	$ (0.1)		€ (0.41)	[1]	€ (1.18)	[1]
Application effect IAS16- Amendment [Member]
Disclosure of initial application of standards or interpretations [line items]
Fixed assets				€ 852		€ 832
Deferred tax				213		208
Accumulated deficit				326		318
Non-Controlling Interest				313		306
Revenues				938		938
Operating expenses				(66)		(66)
Depreciation and amortization expenses				(20)		(40)
Tax benefit (Taxes on income)				(213)		(208)
Profit (loss) attributable to:
Owners of the Company				326		318
Non-controlling interests				€ 313		€ 306
Basic net loss per share | € / shares				€ 0.03		€ 0.02
Diluted net loss per share | € / shares				€ 0.03		€ 0.02
As previously reported [Member]
Disclosure of initial application of standards or interpretations [line items]
Fixed assets				€ 312,983		€ 340,065
Deferred tax				8,124		8,836
Accumulated deficit				2,613		(7,217)
Non-Controlling Interest				7,239		(2,037)
Revenues				19,455		44,783
Operating expenses				(7,506)		(17,524)
Depreciation and amortization expenses				(7,056)		(15,076)
Tax benefit (Taxes on income)				(93)		2,489
Profit (loss) attributable to:
Owners of the Company				(5,578)		(15,408)
Non-controlling interests				€ (223)		€ (4,856)
Basic net loss per share | € / shares				€ (0.44)		€ (1.2)
Diluted net loss per share | € / shares				€ (0.44)		€ (1.2)
[1]Reclassified, please see Note 2C.[2]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)

Restricted Cash, Deposits and_3

Restricted Cash, Deposits and Marketable Securities (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021
Disclosure of financial assets [line items]
Bonds coupon rate	3.255%

Restricted Cash, Deposits and_4

Restricted Cash, Deposits and Marketable Securities (Schedule of Restricted Cash) (Details) € in Thousands, $ in Thousands		Jun. 30, 2022 EUR (€)		Jun. 30, 2022 USD ($)	[2]	Dec. 31, 2021 EUR (€)
Disclosure of Restricted cash deposits and marketable securities [Abstract]
Marketable securities		€ 1,761	[1]	$ 1,830		€ 1,946	[1]
Short-term restricted cash		4,280	[3]	4,447		1,000	[3]
Short-term deposits		0		$ 0		28,410
Long-term restricted non-interest bearing bank deposits	[3]	€ 20,379				€ 15,630
[1]During 2021, the Company invested in a traded Corporate Bond with a coupon rate of 3.255%.[2]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)[3]Deposits used to secure obligations towards the Israeli Electricity Authority for the license for the pumped-storage project in the Manara Cliff in Israel in 2021

Trade and Other Receivables (Sc

Trade and Other Receivables (Schedule of Trade and Other Receivables) (Details) € in Thousands, $ in Thousands		Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)	[1]	Dec. 31, 2021 EUR (€)
Trade and other receivables:
Government authorities		€ 1,524			€ 1,602
Income receivable		3,366			3,794
Interest receivable		14			3
Current tax		0			76
Trade receivable		3,287			598
Inventory		547			640
Derivatives		55			639
Prepaid expenses and other		1,951			2,135
Total Current Assets and other receivables		10,744	$ 11,163		9,487
Long term receivables
Loans to others		554			568
Annual rent deposits		48			33
Prepaid expenses associated with long term loans	[2]	7,927			4,787
Other		52			0
Total Non current Assets and Long term receivables		€ 8,581			€ 5,388
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)[2]Prepaid commission expenses paid in connection with the Talasol Project’s project finance obtained from financing entities as at December 31, 2021 and prepaid commission expenses paid in connection with the Manara PSP project finance obtained from financing entities as at June 30, 2022.

Investee Companies and Other _2

Investee Companies and Other Investments (Narrative) (Details) - 6 months ended Jun. 30, 2022 € in Thousands, ₪ in Thousands	EUR (€)	ILS (₪)
Disclosure of associates [line items]
Amount financial agreement guarantees by direct share	€ 40,425	₪ 147,000
Amount financial agreement guarantees by indirect share	€ 3,790	₪ 13,780
Dorad Energy Ltd [Member]
Disclosure of associates [line items]
Percentage of share capital holds	18.75%	18.75%
License expiration date	May 2034	May 2034

Investee Companies and Other _3

Investee Companies and Other Investments (Pumped Storage, The Talmei Plant and The Talasol Projects) (Narrative) (Details) € in Thousands, ₪ in Thousands		1 Months Ended		6 Months Ended			12 Months Ended
	Feb. 11, 2021	Apr. 30, 2022 EUR (€)	Feb. 11, 2021	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 ILS (₪)	Jun. 30, 2021	Dec. 31, 2021 EUR (€)	Jan. 31, 2022 EUR (€)	Jan. 31, 2022 ILS (₪)
Disclosure of subsidiaries [line items]
Aggregate amount for works defined in EPC Agreements				€ 16,030
Manara Pumped Storage Project [Member]
Disclosure of subsidiaries [line items]
Period of conditional tariff approval received						20 years
Borrowings								€ 21,000	₪ 75,000
Percentage of subsidiary owned	83.333%
Agency And Commitment Fees				€ 8,415	₪ 30,600
Manara Pumped Storage Project [Member] | Tranches One [Member]
Disclosure of subsidiaries [line items]
Borrowings								19,390	69,133
Interest rate	2.75%		2.75%
Interest rate under construction period			1.90%
Manara Pumped Storage Project [Member] | Tranches Two [Member]
Disclosure of subsidiaries [line items]
Borrowings								€ 1,610	₪ 5,867
Interest rate	4.45%		4.45%
Interest rate under construction period			4%
The Talmei Yosef 9Mw Photovoltaic Plant [Member]
Disclosure of subsidiaries [line items]
Advance payment of income tax		€ 3,200
The Talasol Project [Member]
Disclosure of subsidiaries [line items]
Borrowings							€ 175,000
Weighted average life of term loan							11 years 6 months
Interest rate							3%
The Talasol Project [Member] | June 30, 2044 [Member]
Disclosure of subsidiaries [line items]
Borrowings							€ 155,000
The Talasol Project [Member] | December 31, 2042 [Member]
Disclosure of subsidiaries [line items]
Borrowings							€ 20,000

Financial Instruments (Schedule

Financial Instruments (Schedule of Composition of Derivatives) (Details) € in Thousands, $ in Thousands	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)	[1]	Dec. 31, 2021 EUR (€)
Disclosure of detailed information about financial instruments [line items]
Derivatives presented under current assets	€ 55			€ 639
Derivatives presented under non-current assets	2,718	$ 2,824		2,635
Derivatives presented under current liabilities	(38,996)	(40,516)		(14,783)
Derivatives presented under non-current liabilities	(24,198)	$ (25,141)		(10,107)
Financial power swap [Member]
Disclosure of detailed information about financial instruments [line items]
Derivatives presented under current liabilities	(38,971)			(11,352)
Derivatives presented under non-current liabilities	(24,198)			(9,542)
Currency swap [Member]
Disclosure of detailed information about financial instruments [line items]
Derivatives presented under current assets	55			639
Derivatives presented under non-current assets	1,721			2,635
Swap contracts [Member]
Disclosure of detailed information about financial instruments [line items]
Derivatives presented under non-current assets	997			0
Derivatives presented under current liabilities	(25)			(3,431)
Derivatives presented under non-current liabilities	€ 0			€ (565)
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)

Financial Instruments (Schedu_2

Financial Instruments (Schedule of Statement of Fair value of Other Financial Assets and Liabilities) (Details) - EUR (€) € in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Level 1 [Member]
Non-current liabilities:
Debentures	€ 109,412	€ 140,293
Loans from banks and others (including current maturities)	0	0
Total fair value of other financial liabilities	109,412	140,293
Level 2 [Member]
Non-current liabilities:
Debentures	0	0
Loans from banks and others (including current maturities)	247,350	223,287
Total fair value of other financial liabilities	247,350	223,287
Level 3 [Member]
Non-current liabilities:
Debentures	0	0
Loans from banks and others (including current maturities)	0	0
Total fair value of other financial liabilities	0	0
Carrying Value [Member]
Non-current liabilities:
Debentures	113,758	137,299
Loans from banks and others (including current maturities)	265,905	218,895
Total fair value of other financial liabilities	€ 379,663	€ 356,194
Loans from banks and others [Member]
Non-current liabilities:
Valuation techniques for determining fair value	Discounting future cash flows by the market interest rate on the date of measurement.	Discounting future cash flows by the market interest rate on the date of measurement.
Inputs used to determine fair value	Discount rate of Euribor+ 1.76%-2.75% with a zero floor, Euribor+ 5.27% fixed rate for 5 years of 2.9%-3.55% and 3%-4.65% and linkage to consumer price index in Israel.	Discount rate of Euribor+ 1.76%-2.75% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years 2.9%-3.55% and 4.65% and linkage to consumer price index in Israel

Financial Instruments (Schedu_3

Financial Instruments (Schedule of Fair Values Hierarchy) (Details) - EUR (€) € in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Disclosure of fair value measurement of assets [line items]
Marketable securities	€ 1,761	€ 1,946
Swap contracts	972	(3,996)
Currency swap	1,776	3,274
Dori Energy loan	8,863	8,495
Financial power swap	€ (63,169)	€ (20,894)
Marketable securities [Member]
Disclosure of fair value measurement of assets [line items]
Valuation techniques for determining fair value	Market price	Market price
Swap contracts [Member]
Disclosure of fair value measurement of assets [line items]
Valuation techniques for determining fair value	Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks.	Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks.
Currency swap [Member]
Disclosure of fair value measurement of assets [line items]
Valuation techniques for determining fair value	Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks.	Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks.
Dori Energy loan [Member]
Disclosure of fair value measurement of assets [line items]
Valuation techniques for determining fair value	Fair value is measured by discounting the expected future loan repayments and using market interest rates appropriate for similar instruments, including the required adjustments for the specific loan. The discounting rate was estimated at approximately 11% and the expected annual change of Israeli Consumer Price Index, during the expected lifetime of the loan, was estimated at approximately 2.5%.	Fair value is measured by discounting the expected future loan repayments and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. The discounting rate was estimated at approximately 11% and the expected annual change of Israeli Consumer Price Index, during the expected lifetime of the loan, was estimated at approximately 1%.
Financial power swap [Member]
Disclosure of fair value measurement of assets [line items]
Valuation techniques for determining fair value	Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks.	Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks.
Level 1 [Member]
Disclosure of fair value measurement of assets [line items]
Marketable securities	€ 1,761	€ 1,946
Swap contracts	0	0
Currency swap	0	0
Dori Energy loan	0	0
Financial power swap	0	0
Level 2 [Member]
Disclosure of fair value measurement of assets [line items]
Marketable securities	0	0
Swap contracts	972	(3,996)
Currency swap	1,776	3,274
Dori Energy loan	0	0
Financial power swap	0	0
Level 3 [Member]
Disclosure of fair value measurement of assets [line items]
Marketable securities	0	0
Swap contracts	0	0
Currency swap	0	0
Dori Energy loan	8,863	8,495
Financial power swap	€ (63,169)	€ (20,894)

Financial Instruments (Schedu_4

Financial Instruments (Schedule of Reconciliation Financial Instruments Carried at Fair Value) (Details) - Level 3 [Member] € in Thousands	6 Months Ended
	Jun. 30, 2022 EUR (€)
Dori Energy Loan [Member]
Disclosure of fair value measurement of assets [line items]
Balance as at Beginning	€ 8,495
Repayment of loan to an equity accounted investee	(149)
Loan to an equity accounted investee	0
Total loss recognized in other comprehensive income (loss)	208
Interest	592
Foreign Currency translation adjustments	(283)
Balance as at Ending	8,863
Financial power swap [Member]
Disclosure of fair value measurement of assets [line items]
Balance as at Beginning	(20,894)
Total loss recognized in other comprehensive income (loss)	(42,275)
Balance as at Ending	€ (63,169)

Fixed assets (Schedule of Fixed

Fixed assets (Schedule of Fixed Assets) (Details) € in Thousands, $ in Thousands		6 Months Ended			12 Months Ended
		Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)	[2]	Dec. 31, 2021 EUR (€)
Disclosure of detailed information about property, plant and equipment [line items]
Balance	[1]	€ 340,897
Balance		352,680	$ 366,424		€ 340,897	[1]
Photovoltaic Plants [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		233,730
Balance		232,861			233,730
Pumped storage [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		78,892
Balance		92,606			78,892
Biogas installation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		28,240
Balance		27,174			28,240
Office furniture and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		35
Balance		39			35
Cost [member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		365,301			274,520
Additions		19,158			90,779
Effect of changes in exchange rates		(1)			2
Balance		384,458			365,301
Cost [member] | Photovoltaic Plants [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		251,027			223,626
Additions		4,999			27,401
Effect of changes in exchange rates		0			0
Balance		256,026			251,027
Cost [member] | Pumped storage [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		78,892			16,607
Additions		13,714			62,285
Effect of changes in exchange rates		0			0
Balance		92,606			78,892
Cost [member] | Biogas installation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		35,192			34,107
Additions		431			1,085
Effect of changes in exchange rates		0			0
Balance		35,623			35,192
Cost [member] | Office furniture and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		190			180
Additions		14			8
Effect of changes in exchange rates		(1)			2
Balance		203			190
Depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		(24,404)			(10,425)
Depreciation for the year		7,375			13,977
Effect of changes in exchange rates		(1)			2
Balance		(31,778)			(24,404)
Depreciation [Member] | Photovoltaic Plants [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		(17,297)			(6,286)
Depreciation for the year		5,868			11,011
Effect of changes in exchange rates		0			0
Balance		(23,165)			(17,297)
Depreciation [Member] | Pumped storage [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		0			0
Depreciation for the year		0			0
Effect of changes in exchange rates		0			0
Balance		0			0
Depreciation [Member] | Biogas installation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		(6,952)			(4,002)
Depreciation for the year		1,497			2,950
Effect of changes in exchange rates		0			0
Balance		(8,449)			(6,952)
Depreciation [Member] | Office furniture and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance		(155)			(137)
Depreciation for the year		10			16
Effect of changes in exchange rates		(1)			2
Balance		€ (164)			€ (155)
[1]Reclassified, please see Note 2C.[2]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)

Operating Segments (Schedule of

Operating Segments (Schedule of Segment Assets Consist of Current Assets, Fixed Assets and Intangible Assets) (Details) € in Thousands, $ in Thousands	6 Months Ended						12 Months Ended
	Jun. 30, 2022 EUR (€)		Jun. 30, 2022 USD ($)	[1]	Jun. 30, 2021 EUR (€)		Dec. 31, 2021 EUR (€)
Statement [Line Items]
Revenues	€ 29,196		$ 30,334		€ 20,393	[2]	€ 45,721	[2]
Operating expenses	(13,132)		(13,644)		(7,572)	[2]	(17,590)	[2]
Depreciation expenses	(7,978)		(8,289)		(7,076)	[2]	(15,116)	[2]
Gross profit (loss)	8,086		8,401		5,745		13,015
Project development costs	(1,554)		(1,615)		(1,119)		(2,508)
General and administrative expenses	(3,297)		(3,425)		(2,572)		(5,661)
Share of profits (losses) of equity accounted investee	(602)		(625)		(772)		117
Operating profit (Loss)	2,633		2,736		1,282		4,963
Financing income	4,439		4,612		1,716		2,931
Financing income (expenses) in connection with derivatives and warrants, net	338				(109)		(841)
Financing expenses	(6,958)		(7,230)		(7,745)		(28,974)
Income before taxes on Income	452		469		(4,856)		(21,921)
Segment assets	574,336		$ 596,720		496,640		551,979
ITALY
Statement [Line Items]
Revenues	0				0		0
Operating expenses	0				0		0
Depreciation expenses	0				0		0
Gross profit (loss)	0				0		0
Segment assets	7,273				833		1,715
Spain [Member]
Statement [Line Items]
Revenues	2,081				1,534		2,587
Operating expenses	(100)				(423)		(472)
Depreciation expenses	(452)				(451)		(904)
Gross profit (loss)	1,529				660		1,211
Segment assets	15,376				15,130		13,841
Ellomay Solar [Member]
Statement [Line Items]
Revenues	327				0		0
Operating expenses	(191)				0		0
Depreciation expenses	0				0		0
Gross profit (loss)	136				0		0
Segment assets	21,684				5,589		14,456
Talasol [Member]
Statement [Line Items]
Revenues	20,402				12,140		29,432
Operating expenses	(7,088)				(2,054)		(6,305)
Depreciation expenses	(5,655)				(4,836)		(10,586)
Gross profit (loss)	7,659				5,250		12,541
Segment assets	267,090				243,076		247,004
ISRAEL
Statement [Line Items]
Revenues	2,246	[3]			2,130		4,255	[3]
Operating expenses	(214)	[3]			(170)		(367)	[3]
Depreciation expenses	(1,268)	[3]			(1,151)		(2,374)	[3]
Gross profit (loss)	764	[3]			809		1,514	[3]
Segment assets	36,404	[3]			35,548		38,809	[3]
Bio Gas [Member]
Statement [Line Items]
Revenues	5,830				6,129		12,686
Operating expenses	(5,539)				(4,925)		(10,446)
Depreciation expenses	(1,607)				(1,552)		(3,135)
Gross profit (loss)	(1,316)				(348)		(895)
Segment assets	31,661				34,903		34,570
Dorad [Member]
Statement [Line Items]
Revenues	26,756				22,940		51,630
Operating expenses	(20,769)				(18,049)		(39,175)
Depreciation expenses	(3,240)				(2,685)		(5,539)
Gross profit (loss)	2,747				2,206		6,916
Segment assets	108,718				106,164		118,435
Manara [Member]
Statement [Line Items]
Revenues	0				0		0
Operating expenses	0				0		0
Depreciation expenses	0				0		0
Gross profit (loss)	0				0		0
Segment assets	120,906				90,300		107,678
Total reportable segments [Member]
Statement [Line Items]
Revenues	57,642				44,873		100,590
Operating expenses	(33,901)				(25,621)		(56,765)
Depreciation expenses	(12,222)				(10,675)		(22,538)
Gross profit (loss)	11,519				8,577		21,287
Segment assets	609,112				531,543		576,508
Reconciliations [Member]
Statement [Line Items]
Revenues	(28,446)				(24,480)		(54,869)
Operating expenses	20,769				18,049		39,175
Depreciation expenses	4,244				3,599		7,422
Gross profit (loss)	(3,433)				(2,832)		(8,272)
Segment assets	€ (34,776)				€ (34,903)		€ (24,529)
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)[2]Reclassified, please see Note 2C.[3]The Talmei Yosef PV Plant located in Israel is presented under the fixed asset model and not under the financial asset model as per IFRIC 12.

Leases (Schedule of Right-of-us

Leases (Schedule of Right-of-use Assets) (Details) - 6 months ended Jun. 30, 2022 € in Thousands, $ in Thousands	EUR (€)	USD ($)	[1]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	€ 23,367
Ending balance	23,360	$ 24,270
Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	23,367
Additions	1,468
Depreciation for the period	(671)
Disposals	(394)
Effect of changes in exchange rates	(410)
Ending balance	23,360
Cost [member] | Italy [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	0
Additions	1,335
Depreciation for the period	(5)
Disposals	0
Effect of changes in exchange rates	0
Ending balance	1,330
Cost [member] | Spain [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	2,755
Additions	0
Depreciation for the period	(58)
Disposals	(394)
Effect of changes in exchange rates	0
Ending balance	2,303
Cost [member] | Talasol [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	7,587
Additions	0
Depreciation for the period	(202)
Disposals	0
Effect of changes in exchange rates	0
Ending balance	7,385
Cost [member] | Israel [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	1,503
Additions	36
Depreciation for the period	(59)
Disposals	0
Effect of changes in exchange rates	(48)
Ending balance	1,432
Cost [member] | Bio Gas [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	170
Additions	0
Depreciation for the period	(110)
Disposals	0
Effect of changes in exchange rates	0
Ending balance	60
Cost [member] | Manara [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	11,352
Additions	97
Depreciation for the period	(237)
Disposals	0
Effect of changes in exchange rates	(362)
Ending balance	€ 10,850
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)

Leases (Schedule of Maturity An

Leases (Schedule of Maturity Analysis of Company's Lease Liabilities) (Details) € in Thousands, $ in Thousands	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)	[1]	Dec. 31, 2021 EUR (€)
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	€ 16,881
Current maturities of lease liability	675	$ 701		€ 4,329
Long-term lease liabilities	16,206	$ 16,838		€ 15,800
Less than one year [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	675
One to five years [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	2,840
More than five years [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	€ 13,366
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)

Leases (Narrative) (Details)

Leases (Narrative) (Details) € in Thousands, $ in Thousands	1 Months Ended	6 Months Ended
	Apr. 30, 2021 EUR (€)	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)	[1]	Dec. 31, 2021 EUR (€)
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability		€ 16,881
Right-of-use asset		€ 23,360	$ 24,270		€ 23,367
Pumped storage [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Operating lease agreements (Years)		31 years
Lease Liability		€ 1,335
Right-of-use asset		€ 1,335
Amount of outstanding	€ 17
[1]* Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)

Subsequent events (Narrative) (

Subsequent events (Narrative) (Details) ₪ in Thousands, € in Millions	Aug. 17, 2022 EUR (€)	Jun. 30, 2022 ILS (₪)
Disclosure of non-adjusting events after reporting period [line items]
Notional principal amount of currency swap | ₪		₪ 100,000
Subsequent Event [Member]
Disclosure of non-adjusting events after reporting period [line items]
Mark to market price of currency swap | €	€ 3.8