Ellomay Capital (ELLO) 6-K28 Sep 232023 Q2 Current report (foreign)Financial data

Company Profile

Document and Entity Information

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2023
Cover [Abstract]
Entity Registrant Name	Ellomay Capital Ltd.
Entity Central Index Key	0000946394
Document Type	6-K
Document Period End Date	Jun. 30, 2023
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
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

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Interim Statements of Financial Position € in Thousands, $ in Thousands	Jun. 30, 2023 EUR (€)		Jun. 30, 2023 USD ($)	[1]	Dec. 31, 2022 EUR (€)
Current assets
Cash and cash equivalents	€ 73,870		$ 80,229		€ 46,458
Marketable securities	0	[2]	0		2,836	[2]
Short term deposits	1,007		1,094		0
Restricted cash	810		880		900
Receivable from concession project	1,638		1,779		1,799
Intangible asset from green certificates	1,723		1,871		585
Trade and other receivables	14,404		15,644		12,097
Total Current assets	93,452		101,497		64,675
Non-current assets
Investment in equity accounted investee	29,345		31,871		30,029
Advances on account of investments	3,105		3,372		2,328
Receivable from concession project	22,468		24,402		24,795
Fixed assets	380,849		413,633		365,756
Right-of-use asset	30,603		33,237		30,020
Intangible asset	3,650		3,964		4,094
Restricted cash and deposits	19,018		20,655		20,192
Deferred tax	11,613		12,613		23,510
Long term receivables	9,279		10,078		9,270
Derivatives	1,221		1,326		1,488
Total Non-current assets	511,151		555,151		511,482
Total assets	604,603		656,648		576,157
Current liabilities
Current maturities of long-term bank loans	12,020		13,055		12,815
Current maturities of other long-term loans	5,000		5,430		10,000
Current maturities of debentures	35,635		38,702		18,714
Trade payables	3,319		3,605		4,504
Other payables	15,531		16,868		11,207
Current maturities of derivatives	8,309		9,024		33,183
Current maturities of lease liabilities	775		842		745
Total current liabilities	80,589		87,526		91,168
Non-current liabilities
Long-term lease liabilities	22,943		24,918		22,005
Long-term bank loans	242,364		263,227		229,466
Other long-term loans	27,915		30,318		21,582
Debentures	103,943		112,891		91,714
Deferred tax	6,069		6,591		6,770
Other long-term liabilities	1,377		1,496		2,021
Derivatives	563		611		28,354
Total Non-current liabilities	405,174		440,052		401,912
Total liabilities	485,763		527,578		493,080
Equity
Share capital	25,613		27,818		25,613
Share premium	86,100		93,512		86,038
Treasury shares	(1,736)		(1,885)		(1,736)
Transaction reserve with non-controlling Interests	5,697		6,187		5,697
Reserves	(577)		(627)		(12,632)
Accumulated deficit	(1,780)		(1,933)		(7,256)
Total equity attributed to shareholders of the Company	113,317		123,072		95,724
Non-Controlling Interest	5,523		5,998		(12,647)
Total equity	118,840		129,070		83,077
Total liabilities and equity	€ 604,603		$ 656,648		€ 576,157

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)[2]During 2022, the Company invested in a traded Corporate Bond with a coupon rate of 3.255% that were sold at the beginning of 2023.

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income or Loss € in Thousands, $ in Thousands	6 Months Ended					12 Months Ended
	Jun. 30, 2023 EUR (€) € / shares	Jun. 30, 2023 USD ($) $ / shares		Jun. 30, 2022 EUR (€) € / shares		Dec. 31, 2022 EUR (€) € / shares
Profit or loss [abstract]
Revenues	€ 25,458	$ 27,649	[1]	€ 29,196		€ 53,360
Operating expenses	(12,028)	(13,063)	[1]	(13,132)		(24,089)
Depreciation and amortization expenses	(8,064)	(8,758)	[1]	(7,978)		(16,092)
Gross profit	5,366	5,828	[1]	8,086		13,179
Project development costs	(2,192)	(2,381)	[1]	(1,554)		(3,784)
General and administrative expenses	(2,911)	(3,162)	[1]	(3,297)		(5,892)
Share of profits (losses) of equity accounted investee	1,541	1,674	[1]	(602)		1,206
Operating profit	1,804	1,959	[1]	2,633		4,709
Financing income	9,021	9,798	[1]	4,439		9,565
Financing income (expenses) in connection with derivatives and warrants, net	(476)	(517)	[1]	338		605
Financing expenses	(6,989)	(7,590)	[1]	(6,958)		(12,636)
Financing income (expenses), net	1,556	1,691	[1]	(2,181)		(2,466)
Profit before taxes on income	3,360	3,650	[1]	452		2,243
Tax benefit (Taxes on income)	1,203	1,307	[1]	(1,087)		(2,103)
Profit (loss) for the period	4,563	4,957	[1]	(635)		140
Profit (loss) attributable to:
Owners of the Company	5,476	5,947	[1]	(1,222)		(357)
Non-controlling interests	(913)	(990)	[1]	587		497
Profit (loss) for the period	4,563	4,957	[1]	(635)		140
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	(8,253)	(8,963)	[1]	(3,683)	[2]	(7,829)	[2]
Effective portion of change in fair value of cash flow hedges	44,200	48,004	[1]	(8,875)	[2]	8,976	[2]
Net change in fair value of cash flow hedges transferred to profit or loss	(4,809)	(5,223)		(22,246)	[2]	(36,438)	[2]
Total other comprehensive income (loss)	31,138	33,818	[1]	(34,804)		(35,291)
Total other comprehensive income (loss) attributable to:
Owners of the Company	12,055	13,093	[1]	(19,051)		(19,920)
Non-controlling interests	19,083	20,725	[1]	(15,753)		(15,371)
Total other comprehensive income (loss)	31,138	33,818	[1]	(34,804)		(35,291)
Total comprehensive income (loss) for the period	35,701	38,775	[1]	(35,439)		(35,151)
Total comprehensive income (loss) for the period attributable to:
Owners of the Company	17,531	19,040	[1]	(20,273)		(20,277)
Non-controlling interests	18,170	19,735	[1]	(15,166)		(14,874)
Total comprehensive income (loss) for the period	€ 35,701	$ 38,775	[1]	€ (35,439)		€ (35,151)
Basic net earning (loss) per share \| (per share)	€ 0.43	$ 0.46	[1]	€ (0.1)		€ (0.03)
Diluted net earning (loss) per share \| (per share)	€ 0.43	$ 0.46	[1]	€ (0.1)		€ (0.03)

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)[2]Reclassified

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Interim Statements of Changes in Equity € in Thousands, $ in Thousands	Share capital [Member] EUR (€)	Share capital [Member] USD ($)	[1]	Share Premium [Member] EUR (€)	Share Premium [Member] USD ($)	[1]	Retained earnings [Member] EUR (€)	Retained earnings [Member] USD ($)	[1]	Treasury shares [Member] EUR (€)	Treasury shares [Member] USD ($)	[1]	Translation reserve from foreign operations [Member] EUR (€)	Translation reserve from foreign operations [Member] USD ($)	[1]	Hedging Reserve [Member] EUR (€)	Hedging Reserve [Member] USD ($)	[1]	Interests Transaction reserve with non-controlling Interests [Member] EUR (€)	Interests Transaction reserve with non-controlling Interests [Member] USD ($)	[1]	Total [Member] EUR (€)	Total [Member] USD ($)	[1]	Non-controlling Interests [Member] EUR (€)	Non-controlling Interests [Member] USD ($)	[1]	EUR (€)	USD ($)	[1]
Balance at Dec. 31, 2021	€ 25,605			€ 85,883			€ (6,899)			€ (1,736)			€ 15,365			€ (8,077)			€ 5,697			€ 115,838			€ (1,731)			€ 114,107
Profit (loss) for the period	0			0			(1,222)			0			0			0			0			(1,222)			587			(635)
Other comprehensive loss for the period	0			0			0			0			(3,466)			(15,585)			0			(19,051)			(15,753)			(34,804)
Total comprehensive loss for the period	0			0			(1,222)			0			(3,466)			(15,585)			0			(20,273)			(15,166)			(35,439)
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			3,958			3,958
Share-based payments	0			60			0			0			0			0			0			60			0			60
Balance at Jun. 30, 2022	25,605			85,943			(8,121)			(1,736)			11,899			(23,662)			5,697			95,625			(12,939)			82,686
Balance at Dec. 31, 2021	25,605			85,883			(6,899)			(1,736)			15,365			(8,077)			5,697			115,838			(1,731)			114,107
Profit (loss) for the period	0			0			(357)			0			0			0			0			(357)			497			140
Other comprehensive loss for the period	0			0			0			0			(7,395)			(12,525)			0			(19,920)			(15,371)			(35,291)
Total comprehensive loss for the period	0			0			(357)			0			(7,395)			(12,525)			0			(20,277)			(14,874)			(35,151)
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			3,958			3,958
Options exercise	8			28			0			0			0			0			0			36			0			36
Share-based payments	0			127			0			0			0			0			0			127			0			127
Balance at Dec. 31, 2022	25,613	$ 27,818		86,038	$ 93,445		(7,256)	$ (7,880)		(1,736)	$ (1,885)		7,970	$ 8,655		(20,602)	$ (22,375)		5,697	$ 6,187		95,724	$ 103,965		(12,647)	$ (13,737)		83,077	$ 90,228
Profit (loss) for the period	0	0		0	0		5,476	5,947		0	0		0	0		0	0		0	0		5,476	5,947		(913)	(990)		4,563	4,957
Other comprehensive loss for the period	0	0		0	0		0	0		0	0		(7,882)	(8,560)		19,937	21,653		0	0		12,055	13,093		19,083	20,725		31,138	33,818
Total comprehensive loss for the period	0	0		0	0		5,476	5,947		0	0		(7,882)	(8,560)		19,937	21,653		0	0		17,531	19,040		18,170	19,735		35,701	38,775
Transactions with owners of the Company, recognized directly in equity:
Share-based payments	0	0		62	67		0	0		0	0		0	0		0	0		0	0		62	67		0	0		62	67
Balance at Jun. 30, 2023	€ 25,613	$ 27,818		€ 86,100	$ 93,512		€ (1,780)	$ (1,933)		€ (1,736)	$ (1,885)		€ 88	$ 95		€ (665)	$ (722)		€ 5,697	$ 6,187		€ 113,317	$ 123,072		€ 5,523	$ 5,998		€ 118,840	$ 129,070

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Interim Statements of Cash Flows € in Thousands, $ in Thousands	6 Months Ended				12 Months Ended
	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 USD ($)	[1]	Jun. 30, 2022 EUR (€)	Dec. 31, 2022 EUR (€)
Cash flows from operating activities
Profit (loss) for the period	€ 4,563	$ 4,957		€ (635)	€ 140
Adjustments for:
Financing income (expenses), net	(1,556)	(1,691)		2,181	2,466
Depreciation and amortization	8,064	8,758		7,978	16,092
Share-based payment transactions	62	67		60	127
Share of losses (profits) of equity accounted investees	(1,541)	(1,674)		602	(1,206)
Change in trade receivables and other receivables	558	606		(2,579)	724
Change in other assets	(155)	(168)		53	(209)
Change in receivables from concessions project	836	908		(550)	(521)
Change in trade payables	(1,409)	(1,530)		(801)	1,697
Change in other payables	383	416		7,878	3,807
Income tax expense (tax benefit)	(1,203)	(1,307)		1,087	2,103
Income taxes paid	(20)	(22)		(3,255)	(6,337)
Interest received	1,353	1,469		922	1,896
Interest paid	(4,664)	(5,065)		(4,924)	(9,459)
Net cash provided by operating activities	5,271	5,724		8,017	11,320
Cash flows from investing activities
Acquisition of fixed assets	(27,468)	(29,832)		(22,274)	(48,610)
Repayment of loan by an equity accounted investee	0	0		149	149
Loan to an equity accounted investee	(68)	(74)		0	(128)
Advances on account of investments	(777)	(844)		0	(774)
Settlement of derivatives contract	0	0		(528)	(528)
Proceeds from (investment in) in restricted cash, net	893	970		(8,241)	(4,873)
Proceeds from (investment in) short term deposit	(1,257)	(1,365)		27,645	27,645
Proceeds from (investment in) marketable securities	2,837	3,081		0	(1,062)
Net cash used in investing activities	(25,840)	(28,064)		(3,249)	(28,181)
Cash flows from financing activities
Proceeds from options	0	0		0	36
Cost associated with long term loans	(706)	(767)		(8,958)	(9,988)
Payment of principal of lease liabilities	(777)	(844)		(4,000)	(5,703)
Proceeds from long term loans	21,499	23,350		196,189	215,170
Repayment of long-term loans	(6,602)	(7,170)		(143,095)	(153,751)
Repayment of Debentures	(17,763)	(19,292)		(19,764)	(19,764)
Repayment of SWAP instrument associated with long term loans	0	0		(3,290)	(3,290)
Proceed from settlement of derivatives, net	0	0		0	3,800
Proceeds from issuance of Debentures, net	55,808	60,612		0	0
Net cash provided by financing activities	51,459	55,889		17,082	26,510
Effect of exchange rate fluctuations on cash and cash equivalents	(3,478)	(3,777)		(3,128)	(4,420)
Increase in cash and cash equivalents	27,412	29,772		18,722	5,229
Cash and cash equivalents at the beginning of the period	46,458	50,457		41,229	41,229
Cash and cash equivalents at the end of the period	€ 73,870	$ 80,229		€ 59,951	€ 46,458

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)

General

General	6 Months Ended
General	Jun. 30, 2023
Disclosure Of General Information [Abstract]
General	Note 1 - General Ellomay Capital Ltd. (hereinafter - the “Company”), is an Israeli Company operating in the business of renewable energy, and a power generator and developer of renewable energy and power projects in Europe, Israel and USA. As of June 30, 2023, the Company owns seven photovoltaic plants (each, a “PV Plant” and, together, the “PV Plants”) connected to their respective national grids and operating as follows: (i) five PV Plants in Spain with an aggregate installed capacity of approximately 35.9 Mega Watt (“MW”), (ii) 51% of Talasol, which owns a PV Plant with installed capacity of 300MW in the municipality of Talaván, Cáceres, Spain (hereinafter – the “Talasol PV Plant”) and (iii) one PV 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 PV Plants with installed capacity of 14.8 MW and 4.95 MW, respectively, in the Lazio Region, Italy, (iii) Ellomay Solar Italy Four SRL, Ellomay Solar Italy Five SRL, Ellomay Solar Italy Seven SRL, Ellomay Solar Italy Nine SRL and Ellomay Solar Italy Ten SRL that are developing photovoltaic projects with installed capacity of 15.06 MW, 87.2 MW, 54.77 MW, 8 MW and 18 MW, respectively, in the Lazio Region, Italy that have reached “ready to build” status, (iv) 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 Normal Cubic Meter (“Nm3”) per year, respectively, (v) 83.333% of Ellomay Pumped Storage (2014) Ltd., which is constructing a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel (hereinafter – the “Manara PSP”) and (vi) Fairfield Solar Project, LLC, Malakoff Solar I, LLC, Malakoff Solar II, LLC, that are developing photovoltaic projects with installed capacity of 13 MW, 6.5 MW and 6.5 MW, respectively, in the Dallas Metropolitan area, Texas, and have reached “ready to build” status. The Company also develops additional PV projects in Italy, US, Spain, and Israel. The ordinary shares of the Company are listed on the NYSE American and on the Tel Aviv Stock Exchange (under the symbol “ELLO”). The address of the Company’s registered office is 18 Rothschild Blvd., Tel Aviv, Israel. Issuance of the Company’s Series E Debentures in February 2023 On February 1, 2023, the Company issued NIS 220 million (approximately €58.5 million, as of the issuance date) of the Series E Secured Debentures, due March 31, 2029, through a public offering in Israel. The net proceeds of the offering, net of related expenses such as consultancy fee and commissions, were approximately NIS 218 million (approximately €56 million as of the issuance date). The Series E Secured Debentures are secured by the following pledges: i. a fixed pledge first degree on shares of Ellomay Luzon Energy Ltd. (“Ellomay Luzon Energy”) held by Ellomay Clean Energy Limited Partnership (“Ellomay Energy LP”), a limited partnership directly and indirectly wholly-owned by the Company, representing a 50% ownership of Ellomay Luzon Energy, which holds 18.75% of Dorad; ii. a floating first degree pledge and an assignment by way of a pledge of, and with respect to, Ellomay Energy LP’s rights and agreements in connection with shareholder’s loans provided by Ellomay Energy LP to Ellomay Luzon Energy; and iii. a fixed first degree pledge on the Company’s rights and the rights of Ellomay Energy LP in and to a trust bank account in the name of the trustee of the Series E Secured Debentures. The Series E Secured Debentures are traded on the TASE. Issuance of the Company’s Series E Debentures in February 2023 (cont’d) The principal amount of Series E Secured Debentures is repayable in four equal installments on March 31 from 2026 through 2029 (inclusive). The Series E Secured Debentures bear a fixed interest at the rate of 6.05% per year (that is not linked to the Israeli CPI or otherwise), payable semi-annually on March 31 and September 30, commencing March 31, 2023 through March 31, 2029 (inclusive). The Series E Deed of Trust includes customary provisions, including (i) a negative pledge such that the Company may not place a floating charge on all of the Company’s assets, subject to certain exceptions and (ii) an obligation to pay additional interest for failure to maintain certain financial covenants, with an increase of 0.25% in the annual interest rate for the period in which the Company does not meet each standard and up to an increase of 0.75% in the annual interest rate. The Series E Deed of Trust does not restrict the Company’s ability to issue any new series of debt instruments, other than in certain specific circumstances, and enables the Company to expand the Series E Secured Debentures up to an aggregate par value of NIS 220 million subject to certain conditions. The Series E Deed of Trust includes a number of customary causes for immediate repayment, including a default with certain financial covenants for the applicable period, and as noted above a mechanism for the update of the annual interest rate in the event the Company do not meet certain financial covenants. The financial covenants are as follows: a. The Company’s Adjusted Balance Sheet Equity (as such term is defined in the Series E Deed of Trust, which, among other exclusions, excludes changes in the fair value of hedging transactions of electricity prices, such as the PPA executed in connection with the Talasol PV Plant), on a consolidated basis, shall not be less than €75 million for two consecutive quarters for purposes of the immediate repayment provision and shall not be less than €80 million for purposes of the update of the annual interest provision; b. The ratio of (a) the short-term and long-term debt from banks, in addition to the debt to holders of debentures issued by the Company and any other interest-bearing financial obligations provided by entities who are in the business of lending money (excluding financing of projects and other exclusions as set forth in the Series E Deed of Trust), net of cash and cash equivalents, short-term investments, deposits, financial funds and negotiable securities, to the extent that these are not restricted (with the exception of a restriction for the purpose of securing any financial debt according to this definition) (hereinafter, together – the “Series E Net Financial Debt”), to (b) the Company’s Adjusted Balance Sheet Equity, on a consolidated basis, plus the Series E Net Financial Debt (hereinafter – the “Series E CAP, Net”), to which the Company refer herein as the Series E Ratio of Net Financial Debt to Series E CAP, Net, shall not exceed the rate of 65% for three consecutive quarters for purposes of the immediate repayment provision and shall not exceed a rate of 60% for purposes of the update of the annual interest provision; and c. The ratio of (a) the Company’s Series E Net Financial Debt, to (b) the Company’s earnings before financial expenses, net, taxes, depreciation and amortization, where the revenues from the Company’s operations, such as the Talmei Yosef project, are calculated based on the fixed asset model and not based on the financial asset model (IFRIC 12), and before share-based payments, when the data of assets or projects whose Commercial Operation Date occurred in the four quarters that preceded the test date will be calculated based on Annual Gross Up (as such terms are defined in the Series E Deed of Trust), based on the aggregate four preceding quarters (hereinafter – the “Series E Adjusted EBITDA”), to which the Company refer to herein as the Series E Ratio of Net Financial Debt to Series E Adjusted EBITDA, shall not be higher than 12 for three consecutive quarters for purposes of the immediate repayment provision and shall not be higher than 11 for purposes of the update of the annual interest provision. As of June 30, 2023, the financial covenants were met.

Basis of Preparation and Signif

Basis of Preparation and Significant Accounting Policies	6 Months Ended
Basis of Preparation and Significant Accounting Policies	Jun. 30, 2023
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 2022. 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 28, 2023. 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 12, Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction ( – The Amendment narrows the scope of the exemption from recognizing deferred taxes as a result of temporary differences created at the initial recognition of assets and liabilities, so that it does not apply to transactions that give rise to equal and offsetting temporary differences. As a result, companies will need to recognize a deferred tax asset or a deferred tax liability for these temporary differences at the initial recognition of transactions that give rise to equal and offsetting temporary differences, such as lease transactions and provisions for decommissioning and restoration. The Amendment is effective for annual periods beginning on or after January 1, 2023 for deferred taxes arising from leases and from decommissioning and restoration liabilities. The Amendment is applied by amending the opening balance of retained earnings for the earliest comparative data presented or adjusting a different component of equity in the period the Amendment was first adopted. Application of the Amendment did not have a material effect on the financial statements.

Seasonality

Seasonality	6 Months Ended
Seasonality	Jun. 30, 2023
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
Restricted Cash, Deposits and Marketable Securities	Jun. 30, 2023
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, 2023 2022 € in thousands Marketable securities (1) - 2,836 Short-term restricted cash 810 900 Short-term deposits 1,007 - Restricted cash and bank deposits, long-term (2) 19,018 20,192 1. During 2022, the Company invested in a traded Corporate Bond with a coupon rate of 3.255% that were sold at the beginning of 2023. 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 and to secure obligations under loan agreements.

Trade and Other Receivables

Trade and Other Receivables	6 Months Ended
Trade and Other Receivables	Jun. 30, 2023
Trade and other receivables [abstract]
Trade and Other Receivables	Note 5 - Trade and Other Receivables June 30, December 31, 2023 2022 € in thousands Current Assets: Trade and other receivables: Government authorities 4,203 3,752 Income receivable 2,686 1,062 Interest receivable 379 125 Advance tax payment 481 566 Trade receivable 530 420 Inventory 914 1,201 Derivatives (Note 7) 366 273 Prepaid expenses and other 2,127 2,033 Short term loan given to an equity accounted investee 2,718 2,665 14,404 12,097 Non-current Assets: Long term receivables Prepaid expenses associated with long term loans 8,465 8,417 Annual rent deposits 288 290 Loans to others 510 546 Other 16 17 9,279 9,270

Investee Companies and Other In

Investee Companies and Other Investments	6 Months Ended
Investee Companies and Other Investments	Jun. 30, 2023
Disclosure of associates [abstract]
Investee Companies and Other Investments	Note 6 - Investee Companies and Other Investments Information about investee companies and other investments A. Ellomay Luzon Energy (formerly U. Dori Energy Infrastructures Ltd.)- 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 Ellomay Luzon Energy, with respect to an investment in Ellomay Luzon Energy. Ellomay Luzon Energy holds 18.75% of the share capital of Dorad, which owns an approximate 850 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, NOGA - electricity system management Ltd. 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, 2023, total performance guarantees provided by Dorad amounted to approximately NIS 163,000 thousand (approximately €40,500 thousand). The Company’s indirect share of guarantees that Dorad provided through its shareholders is approximately NIS 15,300 thousand (approximately €3,800 thousand). Dorad and its shareholders are involved in several legal proceedings as follows: Petition to Approve a Derivative Claim filed by Ellomay Luzon Energy and Ran Fridrich and Third Party Notices In connection with the description of the petition to approve a derivative claim filed by Ellomay Luzon . The arbitration award accepted the majority of the claims made by the Plaintiffs ) Ellomay Luzon Energy, Ran Fridrich and Eilat Ashkelon Infrastructure Services Ltd.) and the arbitrator ruled that the defendants, severally and jointly, are required to: (i) pay Dorad an amount of $100 million, bearing interest pursuant to applicable law from January 1, 2013 until the payment date, (ii) bear the expenses of the plaintiffs, including Ellomay Luzon Energy, in an aggregate amount of NIS 20 million, plus VAT, and (iii) bear 80% of the expenses of Dorad in the proceeding (while the Plaintiffs will bear the remaining 20%). Petition to Approve a Derivative Claim filed by Edelcom In connection with the description of 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, in connection with an alleged breach of the entrepreneurship agreement, the arbitration award issued on June 28, 2023 provided, inter alia, that the entrepreneurship agreement was not breached and therefore there is no basis for approving a derivative claim. On July 4, 2023 and on July 5, 2023, the parties to the arbitration (other than Dorad) approached the retired judge named in the arbitration agreement as the agreed appeal arbitrator asking him to agree to rule on the appeal concerning the arbitration award. On July 6, 2023, the judge notified the parties that he agrees to rule on the appeal. In accordance with an agreed procedural arrangement that was approved by the arbitrator in the appeal, the deadline for filing appeals is October 15, 2023, the deadline for submitting a responses to the appeal is November 29, 2023 and the deadline for submitting positions in connection with the responses is December 14, 2023. The arrangement further provides that a counter-appeal can be filed after the main appeal has been filed. A preliminary procedural meeting whose purpose is to set a schedule for submitting written arguments is scheduled for January 4, 2024. To the Company’s knowledge, the parties to the arbitration intend to submit an appeal (and a counterappeal). Therefore, the effect of the aforementioned arbitrator ruling has not yet been included in the financial statements. Potential Expansion of the Dorad Power Plant (“Dorad 2”) With reference to Note 6.A to the annual financial statements under the heading “ Potential Expansion of the Dorad Power Plant (“Dorad 2”) B. Manara Pumped Storage Project – On May 30, 2023, Ellomay PS made a third withdrawal in the amount of NIS 83,000 thousand (approximately €20,845 thousand). The amount withdrawn from the senior Secured Tranche was approximately NIS 76,490 thousand (approximately €19,210 thousand) at an annual interest rate of 4.49% during the construction period and 3.11% from the date of commercial operation. The amount drawn from the Subordinated Secured B Tranche was approximately NIS 6,510 thousand (approximately €1,635 thousand) at an annual interest rate of 4.35% during the construction period and 3.9% from the date of commercial operation. As part of the Manara PSP project finance, as of June 30, 2023, Ellomay PS paid upfront agency and commitment fees in the accumulated amount of approximately NIS 40,300 thousand (approximately €10,028 thousand), of which approximately NIS 34,000 thousand (approximately €8,461 thousand) were included as other long-term receivables and approximately NIS 6,300 thousand (approximately €1,567 thousand) were capitalized to the amounts drawn from the PSP project finance. C. Development of Photovoltaic Plants in Texas, USA – In March 2023 the Company entered into a Joint Development Agreement (hereinafter – the “JDA”) with AVI Energy Management LLC (hereinafter – “AVI”) for the development of photovoltaic projects in the State of Texas, USA. AVI is a local project development company whose principals are experienced in the development of energy projects, site acquisition, capital markets and commercial management. The JDA provides for the initial development, design, and construction of two solar photovoltaic projects with an aggregate installed capacity of 26 MW DC (hereinafter – the “First Projects”) and for the development and design of two additional photovoltaic projects with an aggregate installed capacity of 20 MW DC (hereinafter – the “Additional Projects”). As of the reporting date, both of the First Projects have achieved “ready to build” status and will be constructed within the coming 8-10 months. One of the Additional Projects has also achieved “ready to build” status, and the other project is expected to achieve “ready to build” status during the fourth quarter of 2023. The Additional Projects are expected to be constructed during the second half of 2024. The estimated capital costs for the First Projects are between $30-$32 million and the Company’s share of such capital costs is expected to be approximately $19-$21 million. The estimated capital costs for the Additional Projects are between $24-$26 million and the Company’s share of such capital costs is expected to be approximately $15-$17 million. The remaining capital costs are intended to be covered by tax equity sources with whom the Company is currently in discussions. 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, in connection with the first two photovoltaic plants with an aggregate capacity of approximately 20 MW, a notice to proceed was issued to the EPC contractor in May 2023. The construction works are in advanced stages and these PV plants are expected to be connected to the grid during October 2023. In addition to the aforementioned PV plants currently under construction, projects with an aggregate capacity of 183 MW reached RTB (“ready to build”) status. Of these projects, two PV plants with an aggregate capacity of approximately 105 MW entered into engineering, procurement & construction agreements with METKA EGN Italy S.r.l.

Financial Instruments

Financial Instruments	6 Months Ended
Financial Instruments	Jun. 30, 2023
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, 2023 2022 € in thousands Derivatives presented under current assets Swap contracts 366 273 Derivatives presented under non-current assets Swap contracts 1,221 1,488 Derivatives presented under current liabilities Financial power swap (8,309 ) (33,183 ) Derivatives presented under non-current liabilities Financial power swap (563 ) (28,354 ) (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, 2023 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 139,578 134,454 - - Loans from banks and others 287,299 - 250,362 - Discounting future cash flows by the market interest rate on the date of measurement. Discount rate of Euribor+ 2% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years, 2.65%-4.5% Linkage to Euribor, fixed rate 2.58%-3.03%, fixed rate 2.75%-7% Linkage to Consumer price index in Israel and floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%. 426,877 134,454 250,362 - December 31, 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 110,428 102,957 - - Loans from banks and others 273,863 - 217,073 - Discounting future cash flows by the market interest rate on the date of measurement. Discount rate of Euribor+ 2% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years 2.65%-4.5% Linkage to Euribor, fixed rate 2.58%-3.03%, fix rate 2.75%-7% Linkage to Consumer price index in Israel and floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%. 384,291 102,957 217,073 - (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, 2023 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Swap contracts - 1,587 - 1,587 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. Financial power swap - - (8,872 ) (8,872 ) 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, 2023. December 31, 2022 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Marketable securities 2,836 - - 2,836 Market price Swap contracts - 1,761 - 1,761 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. Financial power swap - - (61,537 ) (61,537 ) 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 Financial power swap € in thousands Balance as at December 31, 2022 (61,537 ) Total gains (losses) recognized: In profit or loss Unrealized under financing income and expenses 271 Realized under financing income and expenses 6,141 In other comprehensive income 46,253 Balance as at June 30, 2023 (8,872 )

Fixed assets

Fixed assets	6 Months Ended
Fixed assets	Jun. 30, 2023
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, 2023 266,062 102,472 36,355 224 405,113 Additions 10,254 17,712 1,001 12 28,979 Effect of changes in exchange rates - (6,362 ) - (1 ) (6,363 ) Balance as at June 30, 2023 276,316 113,822 37,356 235 427,729 Balance as at January 1, 2022 251,027 78,892 35,192 190 365,301 Additions 15,036 29,124 1,163 33 45,356 Effect of changes in exchange rates (1 ) (5,544 ) - 1 (5,544 ) Balance as at December 31, 2022 266,062 102,472 36,355 224 405,113 Depreciation Balance as at January 1, 2023 29,530 - 9,652 175 39,357 Depreciation for the period 6,321 - 1,191 12 7,524 Effect of changes in exchange rates - - - (1 ) (1 ) Balance as at June 30, 2023 35,851 - 10,843 186 46,880 Balance as at January 1, 2022 17,297 - 6,952 155 24,404 Depreciation for the year 12,233 - 2,700 21 14,954 Effect of changes in exchange rates - - - (1 ) (1 ) Balance as at December 31, 2022 29,530 - 9,652 175 39,357 Carrying amounts As at June 30, 2023 240,465 113,822 26,513 49 380,849 As at December 31, 2022 236,532 102,472 26,703 49 365,756

Operating Segments

Operating Segments	6 Months Ended
Operating Segments	Jun. 30, 2023
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 USA Israel 1 Gas Dorad Manara segments Reconciliations consolidated For the six months ended June 30, 2023 € in thousands Revenues - 1,463 2,080 12,666 - 459 8,790 30,305 - 55,763 (30,305 ) 25,458 Operating expenses - (264 ) (882 ) (3,125 ) - (183 ) (7,574 ) (22,588 ) - (34,616 ) 22,588 (12,028 ) Depreciation expenses (1 ) (458 ) (469 ) (5,684 ) - (236 ) (1,204 ) (2,871 ) - (10,923 ) 2,859 (8,064 ) Gross profit (1 ) 741 729 3,857 - 40 12 4,846 - 10,224 (4,858 ) 5,366 Adjusted gross profit (1 ) 741 729 3,857 - 678 1 12 4,846 - 10,862 (5,496 ) 5,366 Project development costs (2,192 ) General and administrative expenses (2,911 ) Share of profits of equity accounted investee 1,541 Operating profit 1,804 Financing income 9,021 Financing expenses in connection with derivatives and warrants, net (476 ) Financing expenses (6,989 ) Income before taxes on Income 3,360 Segment assets as at June 30, 2023 33,932 13,806 19,635 230,428 1,091 31,635 31,910 99,033 155,245 616,715 (12,112 ) 604,603 ____________________________ 1 The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €2,032 thousand) and depreciation expenses (approximately €935 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol Israel 2 Gas Dorad Manara segments Reconciliations consolidated For the six months ended June 30, 2022 € in thousands Revenues - 2,081 327 20,402 556 5,830 26,756 - 55,952 (26,756 ) 29,196 Operating expenses - (100 ) (191 ) (7,088 ) (214 ) (5,539 ) (20,769 ) - (33,901 ) 20,769 (13,132 ) Depreciation expenses - (452 ) - (5,655 ) (254 ) (1,607 ) (3,240 ) - (11,208 ) 3,230 (7,978 ) Gross profit (loss) - 1,529 136 7,659 88 (1,316 ) 2,747 - 10,843 (2,757 ) 8,086 Adjusted gross profit (loss) - 1,529 136 7,659 764 2 (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 * Segment presentation for prior periods was adjusted to reflect revenues and operating expenses for the Talmei Yosef PV Plant under IFRIC 12 and not under the fixed asset model and to include the adjusted gross profit of such segment, to align the presentation with the presentation of the segments for the period ended June 30, 2023. 2 The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €2,246 thousand) and depreciation expenses (approximately €1,014 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol I 3 Gas Dorad Manara segments Reconciliations consolidated For the year ended December 31, 2022 € in thousands Revenues - 3,264 3,597 32,740 1,119 12,640 62,813 - 116,173 (62,813 ) 53,360 Operating expenses - (322 ) (1,399 ) (8,764 ) (418 ) (13,186 ) (47,442 ) - (71,531 ) 47,442 (24,089 ) Depreciation expenses - (908 ) (427 ) (11,400 ) (512 ) (2,824 ) (6,339 ) - (22,410 ) 6,318 (16,092 ) Gross profit (loss) - 2,034 1,771 12,576 189 (3,370 ) 9,032 - 22,232 (9,053 ) 13,179 Adjusted gross profit (loss) - 2,034 1,771 12,576 1,565 3 (3,370 ) 9,032 - 23,608 (10,429 ) 13,179 Project development costs (3,784 ) General and administrative expenses (5,892 ) Share of loss of equity accounted investee 1,206 Operating profit 4,709 Financing income 9,565 Financing expenses in connection with derivatives and warrants, net 605 Financing expenses, net (12,636 ) Loss before taxes on income 2,243 Segment assets as at December 31, 2022 22,608 14,577 20,090 244,584 34,750 32,002 107,079 137,432 613,122 (36,965 ) 576,157 3

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2023
Presentation of leases for lessee [abstract]
Leases	Note 10 - Leases 1. Material lease agreements entered into during the period Ellomay Solar Italy Seven and Ellomay Solar Italy Nine each lease land in in the municipality of Masserano, Biella, Piemonte Region, Italy and Jesi, Ancona, Marche Region, Italy, respectively, from private lessors for a period of 31 years, on which they are constructing photovoltaic facilities. A right-of-use asset in the amount of €2,527 thousand has been recognized in the statement of financial position in respect of leases of land. A lease liability in the amount of €2,527 thousand has been recognized in the statement of financial position in respect of such leases of land, out of which an amount of €14 thousand has been recognized in short term liabilities. 2. Right-of-use assets Gelderland Italy Spain Talasol Talmei Yosef Pumped storage Total € in thousands Cost Balance as at January 1, 2023 46 8,733 2,314 7,183 1,331 10,413 30,020 Additions - 2,527 155 867 72 83 3,704 Depreciation for the period (13 ) (139 ) (64 ) (227 ) (28 ) (220 ) (691 ) Other - (1,629 ) - - - - (1,629 ) Effect of changes in exchange rates - - - - (118 ) (683 ) (801 ) Balance as at June 30, 2023 33 9,492 2,405 7,823 1,257 9,593 30,603 3. Lease liability Maturity analysis of the company's lease liabilities June 30, 2023 € in thousands Less than one year 775 One to five years 3,280 More than five years 19,663 Total 23,718 Current maturities of lease liability 775 Long-term lease liability 22,943

Basis of Preparation and Sign_2

Basis of Preparation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
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 28, 2023.
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 12, Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction ( – The Amendment narrows the scope of the exemption from recognizing deferred taxes as a result of temporary differences created at the initial recognition of assets and liabilities, so that it does not apply to transactions that give rise to equal and offsetting temporary differences. As a result, companies will need to recognize a deferred tax asset or a deferred tax liability for these temporary differences at the initial recognition of transactions that give rise to equal and offsetting temporary differences, such as lease transactions and provisions for decommissioning and restoration. The Amendment is effective for annual periods beginning on or after January 1, 2023 for deferred taxes arising from leases and from decommissioning and restoration liabilities. The Amendment is applied by amending the opening balance of retained earnings for the earliest comparative data presented or adjusting a different component of equity in the period the Amendment was first adopted. Application of the Amendment did not have a material effect on the financial statements.

Restricted Cash, Deposits and_2

Restricted Cash, Deposits and Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of Restricted cash deposits and marketable securities [Abstract]
Schedule of Restricted Cash, Deposits and Marketable Securities	June 30, December 31, 2023 2022 € in thousands Marketable securities (1) - 2,836 Short-term restricted cash 810 900 Short-term deposits 1,007 - Restricted cash and bank deposits, long-term (2) 19,018 20,192 1. During 2022, the Company invested in a traded Corporate Bond with a coupon rate of 3.255% that were sold at the beginning of 2023. 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 and to secure obligations under loan agreements.

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	6 Months Ended
Trade and Other Receivables (Tables)	Jun. 30, 2023
Trade and other receivables [abstract]
Schedule of Trade and Other Receivables	June 30, December 31, 2023 2022 € in thousands Current Assets: Trade and other receivables: Government authorities 4,203 3,752 Income receivable 2,686 1,062 Interest receivable 379 125 Advance tax payment 481 566 Trade receivable 530 420 Inventory 914 1,201 Derivatives (Note 7) 366 273 Prepaid expenses and other 2,127 2,033 Short term loan given to an equity accounted investee 2,718 2,665 14,404 12,097 Non-current Assets: Long term receivables Prepaid expenses associated with long term loans 8,465 8,417 Annual rent deposits 288 290 Loans to others 510 546 Other 16 17 9,279 9,270

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
Financial Instruments (Tables)	Jun. 30, 2023
Disclosure of detailed information about financial instruments [abstract]
Schedule of Composition of Derivatives	June 30, December 31, 2023 2022 € in thousands Derivatives presented under current assets Swap contracts 366 273 Derivatives presented under non-current assets Swap contracts 1,221 1,488 Derivatives presented under current liabilities Financial power swap (8,309 ) (33,183 ) Derivatives presented under non-current liabilities Financial power swap (563 ) (28,354 )
Schedule of Statement of Fair value of Other Financial Assets and Liabilities	June 30, 2023 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 139,578 134,454 - - Loans from banks and others 287,299 - 250,362 - Discounting future cash flows by the market interest rate on the date of measurement. Discount rate of Euribor+ 2% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years, 2.65%-4.5% Linkage to Euribor, fixed rate 2.58%-3.03%, fixed rate 2.75%-7% Linkage to Consumer price index in Israel and floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%. 426,877 134,454 250,362 - December 31, 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 110,428 102,957 - - Loans from banks and others 273,863 - 217,073 - Discounting future cash flows by the market interest rate on the date of measurement. Discount rate of Euribor+ 2% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years 2.65%-4.5% Linkage to Euribor, fixed rate 2.58%-3.03%, fix rate 2.75%-7% Linkage to Consumer price index in Israel and floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%. 384,291 102,957 217,073 -
Schedule of Fair Values Hierarchy	June 30, 2023 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Swap contracts - 1,587 - 1,587 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. Financial power swap - - (8,872 ) (8,872 ) 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, 2022 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Marketable securities 2,836 - - 2,836 Market price Swap contracts - 1,761 - 1,761 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. Financial power swap - - (61,537 ) (61,537 ) 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 Financial power swap € in thousands Balance as at December 31, 2022 (61,537 ) Total gains (losses) recognized: In profit or loss Unrealized under financing income and expenses 271 Realized under financing income and expenses 6,141 In other comprehensive income 46,253 Balance as at June 30, 2023 (8,872 )

Fixed assets (Tables)

Fixed assets (Tables)	6 Months Ended
Fixed assets (Tables)	Jun. 30, 2023
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, 2023 266,062 102,472 36,355 224 405,113 Additions 10,254 17,712 1,001 12 28,979 Effect of changes in exchange rates - (6,362 ) - (1 ) (6,363 ) Balance as at June 30, 2023 276,316 113,822 37,356 235 427,729 Balance as at January 1, 2022 251,027 78,892 35,192 190 365,301 Additions 15,036 29,124 1,163 33 45,356 Effect of changes in exchange rates (1 ) (5,544 ) - 1 (5,544 ) Balance as at December 31, 2022 266,062 102,472 36,355 224 405,113 Depreciation Balance as at January 1, 2023 29,530 - 9,652 175 39,357 Depreciation for the period 6,321 - 1,191 12 7,524 Effect of changes in exchange rates - - - (1 ) (1 ) Balance as at June 30, 2023 35,851 - 10,843 186 46,880 Balance as at January 1, 2022 17,297 - 6,952 155 24,404 Depreciation for the year 12,233 - 2,700 21 14,954 Effect of changes in exchange rates - - - (1 ) (1 ) Balance as at December 31, 2022 29,530 - 9,652 175 39,357 Carrying amounts As at June 30, 2023 240,465 113,822 26,513 49 380,849 As at December 31, 2022 236,532 102,472 26,703 49 365,756

Operating Segments (Tables)

Operating Segments (Tables)	6 Months Ended
Operating Segments (Tables)	Jun. 30, 2023
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 2 Gas Dorad Manara segments Reconciliations consolidated For the six months ended June 30, 2022 € in thousands Revenues - 2,081 327 20,402 556 5,830 26,756 - 55,952 (26,756 ) 29,196 Operating expenses - (100 ) (191 ) (7,088 ) (214 ) (5,539 ) (20,769 ) - (33,901 ) 20,769 (13,132 ) Depreciation expenses - (452 ) - (5,655 ) (254 ) (1,607 ) (3,240 ) - (11,208 ) 3,230 (7,978 ) Gross profit (loss) - 1,529 136 7,659 88 (1,316 ) 2,747 - 10,843 (2,757 ) 8,086 Adjusted gross profit (loss) - 1,529 136 7,659 764 2 (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 * Segment presentation for prior periods was adjusted to reflect revenues and operating expenses for the Talmei Yosef PV Plant under IFRIC 12 and not under the fixed asset model and to include the adjusted gross profit of such segment, to align the presentation with the presentation of the segments for the period ended June 30, 2023. 2 The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €2,246 thousand) and depreciation expenses (approximately €1,014 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol USA Israel 1 Gas Dorad Manara segments Reconciliations consolidated For the six months ended June 30, 2023 € in thousands Revenues - 1,463 2,080 12,666 - 459 8,790 30,305 - 55,763 (30,305 ) 25,458 Operating expenses - (264 ) (882 ) (3,125 ) - (183 ) (7,574 ) (22,588 ) - (34,616 ) 22,588 (12,028 ) Depreciation expenses (1 ) (458 ) (469 ) (5,684 ) - (236 ) (1,204 ) (2,871 ) - (10,923 ) 2,859 (8,064 ) Gross profit (1 ) 741 729 3,857 - 40 12 4,846 - 10,224 (4,858 ) 5,366 Adjusted gross profit (1 ) 741 729 3,857 - 678 1 12 4,846 - 10,862 (5,496 ) 5,366 Project development costs (2,192 ) General and administrative expenses (2,911 ) Share of profits of equity accounted investee 1,541 Operating profit 1,804 Financing income 9,021 Financing expenses in connection with derivatives and warrants, net (476 ) Financing expenses (6,989 ) Income before taxes on Income 3,360 Segment assets as at June 30, 2023 33,932 13,806 19,635 230,428 1,091 31,635 31,910 99,033 155,245 616,715 (12,112 ) 604,603 ____________________________ 1 The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €2,032 thousand) and depreciation expenses (approximately €935 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12. PV Total Ellomay Bio reportable Total Italy Spain Solar Talasol I 3 Gas Dorad Manara segments Reconciliations consolidated For the year ended December 31, 2022 € in thousands Revenues - 3,264 3,597 32,740 1,119 12,640 62,813 - 116,173 (62,813 ) 53,360 Operating expenses - (322 ) (1,399 ) (8,764 ) (418 ) (13,186 ) (47,442 ) - (71,531 ) 47,442 (24,089 ) Depreciation expenses - (908 ) (427 ) (11,400 ) (512 ) (2,824 ) (6,339 ) - (22,410 ) 6,318 (16,092 ) Gross profit (loss) - 2,034 1,771 12,576 189 (3,370 ) 9,032 - 22,232 (9,053 ) 13,179 Adjusted gross profit (loss) - 2,034 1,771 12,576 1,565 3 (3,370 ) 9,032 - 23,608 (10,429 ) 13,179 Project development costs (3,784 ) General and administrative expenses (5,892 ) Share of loss of equity accounted investee 1,206 Operating profit 4,709 Financing income 9,565 Financing expenses in connection with derivatives and warrants, net 605 Financing expenses, net (12,636 ) Loss before taxes on income 2,243 Segment assets as at December 31, 2022 22,608 14,577 20,090 244,584 34,750 32,002 107,079 137,432 613,122 (36,965 ) 576,157 3

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2023
Presentation of leases for lessee [abstract]
Schedule of Right-of-use Assets	Gelderland Italy Spain Talasol Talmei Yosef Pumped storage Total € in thousands Cost Balance as at January 1, 2023 46 8,733 2,314 7,183 1,331 10,413 30,020 Additions - 2,527 155 867 72 83 3,704 Depreciation for the period (13 ) (139 ) (64 ) (227 ) (28 ) (220 ) (691 ) Other - (1,629 ) - - - - (1,629 ) Effect of changes in exchange rates - - - - (118 ) (683 ) (801 ) Balance as at June 30, 2023 33 9,492 2,405 7,823 1,257 9,593 30,603
Schedule of Maturity Analysis of Company's Lease Liabilities	June 30, 2023 € in thousands Less than one year 775 One to five years 3,280 More than five years 19,663 Total 23,718 Current maturities of lease liability 775 Long-term lease liability 22,943

General (Narrative) (Details)

General (Narrative) (Details) € in Millions, ₪ in Millions	1 Months Ended		6 Months Ended
General (Narrative) (Details) € in Millions, ₪ in Millions	Feb. 01, 2023 EUR (€)	Feb. 01, 2023 ILS (₪)	Jun. 30, 2023 ILS (₪)
Series E Debentures [Member]
Disclosure of associates [line items]
Aggregate principal amount			₪ 220
Issue of equity	€ 58.5	₪ 220
Issuance expenses	€ 56	₪ 218
Borrowings, interest rate basis			an obligation to pay additional interest for failure to maintain certain financial covenants, with an increase of 0.25% in the annual interest rate
Interest rate			6.05%
Repayment provision adjustments			PPA executed in connection with the Talasol PV Plant), on a consolidated basis, shall not be less than €75 million for two consecutive quarters for purposes of the immediate repayment provision and shall not be less than €80 million for purposes of the update of the annual interest provision
Series E Net Financial Debt [Member]
Disclosure of associates [line items]
Repayment provision adjustments			Adjusted Balance Sheet Equity, on a consolidated basis, plus the Series E Net Financial Debt (hereinafter – the “Series E CAP, Net”), to which the Company refer herein as the Series E Ratio of Net Financial Debt to Series E CAP, Net, shall not exceed the rate of 65% for three consecutive quarters for purposes of the immediate repayment provision and shall not exceed a rate of 60% for purposes of the update of the annual interest provision
Groen Gas Goor B V [Member]
Disclosure of associates [line items]
Green gas production capacity			3 million
Groen Gas Oude Tonge B V [Member]
Disclosure of associates [line items]
Green gas production capacity			3.8 million
Groen Gas Gelderland B V [Member]
Disclosure of associates [line items]
Green gas production capacity			9.5 million
Dorad Energy Ltd [Member]
Disclosure of associates [line items]
Proportion of ownership interest			9.375%
Dorad Energy Ltd [Member] \| Series E Debentures [Member]
Disclosure of associates [line items]
Proportion of ownership interest	18.75%	18.75%
Talasol Solar S.L.U [Member]
Disclosure of associates [line items]
Proportion of ownership interest			51%
Ellomay Pumped Storage (2014) Ltd. [Member]
Disclosure of associates [line items]
Proportion of ownership interest			83.333%
Dori Energy [Member] \| Series E Debentures [Member]
Disclosure of associates [line items]
Proportion of ownership interest	50%	50%

Restricted Cash, Deposits and_3

Restricted Cash, Deposits and Marketable Securities (Narrative) (Details)	6 Months Ended
	Jun. 30, 2022
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, 2023 EUR (€)		Jun. 30, 2023 USD ($)	[2]	Dec. 31, 2022 EUR (€)
Disclosure of Restricted cash deposits and marketable securities [Abstract]
Marketable securities		€ 0	[1]	$ 0		€ 2,836	[1]
Short-term restricted cash		810		880		900
Short-term deposits		1,007		$ 1,094		0
Restricted cash and bank deposits, long-term	[3]	€ 19,018				€ 20,192

[1]During 2022, the Company invested in a traded Corporate Bond with a coupon rate of 3.255% that were sold at the beginning of 2023.[2]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)[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 and to secure obligations under loan agreements.

Trade and Other Receivables (Sc

Trade and Other Receivables (Schedule of Trade and Other Receivables) (Details) € in Thousands, $ in Thousands	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 USD ($)	[1]	Dec. 31, 2022 EUR (€)
Trade and other receivables:
Government authorities	€ 4,203			€ 3,752
Income receivable	2,686			1,062
Interest receivable	379			125
Advance tax payment	481			566
Trade receivable	530			420
Inventory	914			1,201
Derivatives	366			273
Prepaid expenses and other	2,127			2,033
Short term loan given to an equity accounted investee	2,718			2,665
Total Current Assets and other receivables	14,404	$ 15,644		12,097
Long term receivables
Prepaid expenses associated with long term loans	8,465			8,417
Annual rent deposits	288			290
Loans to others	510			546
Other	16			17
Total Non current Assets and Long term receivables	€ 9,279			€ 9,270

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)

Investee Companies and Other _2

Investee Companies and Other Investments (Narrative) (Details) € in Thousands, ₪ in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 ILS (₪)	Jun. 30, 2023 USD ($)
Disclosure of associates [line items]
Amount financial agreement guarantees by direct share	€ 40,500	₪ 163,000
Amount financial agreement guarantees by indirect share	€ 3,800	₪ 15,300
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
Claims amount payment \| $			$ 100
Description of petition to approve derivative claim	Ellomay Luzon Energy, Ran Fridrich and Eilat Ashkelon Infrastructure Services Ltd.) and the arbitrator ruled that the defendants, severally and jointly, are required to: (i) pay Dorad an amount of $100 million, bearing interest pursuant to applicable law from January 1, 2013 until the payment date, (ii) bear the expenses of the plaintiffs, including Ellomay Luzon Energy, in an aggregate amount of NIS 20 million, plus VAT, and (iii) bear 80% of the expenses of Dorad in the proceeding (while the Plaintiffs will bear the remaining 20%).	Ellomay Luzon Energy, Ran Fridrich and Eilat Ashkelon Infrastructure Services Ltd.) and the arbitrator ruled that the defendants, severally and jointly, are required to: (i) pay Dorad an amount of $100 million, bearing interest pursuant to applicable law from January 1, 2013 until the payment date, (ii) bear the expenses of the plaintiffs, including Ellomay Luzon Energy, in an aggregate amount of NIS 20 million, plus VAT, and (iii) bear 80% of the expenses of Dorad in the proceeding (while the Plaintiffs will bear the remaining 20%).
Claims interest payment amount \| ₪		₪ 20,000

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, $ in Millions	1 Months Ended		6 Months Ended
	May 30, 2023 EUR (€)	Mar. 31, 2023 USD ($)	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 ILS (₪)	May 30, 2023 ILS (₪)
Manara Pumped Storage Project [Member]
Disclosure of subsidiaries [line items]
Borrowings	€ 20,845				₪ 83,000
Agency and commitment fees			€ 10,028	₪ 40,300
Agency and commitment fees include other long term receivables			8,461	34,000
Capitalized to amounts drawn from project			€ 1,567	₪ 6,300
Manara Pumped Storage Project [Member] \| Tranches One [Member]
Disclosure of subsidiaries [line items]
Borrowings	€ 19,210				₪ 76,490
Interest rate	4.49%				4.49%
Interest rate under construction period	3.11%
Manara Pumped Storage Project [Member] \| Tranches Two [Member]
Disclosure of subsidiaries [line items]
Borrowings	€ 1,635				₪ 6,510
Interest rate	4.35%				4.35%
Interest rate under construction period	3.90%
Solar Photovoltaic Projects With 26 And 20 Mw Dc [Member]
Disclosure of subsidiaries [line items]
Range of expected construction period for photovoltaic projects		8-10 months
First solar photovoltaic projects with an aggregated installed capacity of 26 MW DC [Member] \| Bottom of range [member]
Disclosure of subsidiaries [line items]
Total Capital Costs		$ 30
Capital Costs Company Share		19
First solar photovoltaic projects with an aggregated installed capacity of 26 MW DC [Member] \| Top of range [member]
Disclosure of subsidiaries [line items]
Total Capital Costs		32
Capital Costs Company Share		21
Additional photovoltaic projects with an aggregated installed capacity of 20 MW DC [Member] \| Bottom of range [member]
Disclosure of subsidiaries [line items]
Total Capital Costs		24
Capital Costs Company Share		15
Additional photovoltaic projects with an aggregated installed capacity of 20 MW DC [Member] \| Top of range [member]
Disclosure of subsidiaries [line items]
Total Capital Costs		26
Capital Costs Company Share		$ 17

Financial Instruments (Schedule

Financial Instruments (Schedule of Composition of Derivatives) (Details) € in Thousands, $ in Thousands	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 USD ($)	[1]	Dec. 31, 2022 EUR (€)
Disclosure of detailed information about financial instruments [line items]
Derivatives presented under current assets	€ 366			€ 273
Derivatives presented under non-current assets	1,221	$ 1,326		1,488
Derivatives presented under current liabilities	(8,309)	(9,024)		(33,183)
Derivatives presented under non-current liabilities	(563)	$ (611)		(28,354)
Financial power swap [Member]
Disclosure of detailed information about financial instruments [line items]
Derivatives presented under current liabilities	(8,309)			(33,183)
Derivatives presented under non-current liabilities	(563)			(28,354)
Currency swap [Member]
Disclosure of detailed information about financial instruments [line items]
Derivatives presented under current assets	366			273
Swap contracts [Member]
Disclosure of detailed information about financial instruments [line items]
Derivatives presented under non-current assets	€ 1,221			€ 1,488

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)

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, 2023	Dec. 31, 2022
Level 1 [Member]
Non-current liabilities:
Debentures	€ 134,454	€ 102,957
Loans from banks and others (including current maturities)	0	0
Total fair value of other financial liabilities	134,454	102,957
Level 2 [Member]
Non-current liabilities:
Debentures	0	0
Loans from banks and others (including current maturities)	250,362	217,073
Total fair value of other financial liabilities	250,362	217,073
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	139,578	110,428
Loans from banks and others (including current maturities)	287,299	273,863
Total fair value of other financial liabilities	€ 426,877	€ 384,291
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+ 2% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years, 2.65%-4.5% Linkage to Euribor, fixed rate 2.58%-3.03%, fixed rate 2.75%-7% Linkage to Consumer price index in Israel and floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%.	Discount rate of Euribor+ 2% with a zero floor, Euribor+ 5.27%, fixed rate for 5 years 2.65%-4.5% Linkage to Euribor, fixed rate 2.58%-3.03%, fix rate 2.75%-7% Linkage to Consumer price index in Israel and floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%.

Financial Instruments (Schedu_3

Financial Instruments (Schedule of Fair Values Hierarchy) (Details) - EUR (€) € in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Disclosure of fair value measurement of assets [line items]
Marketable securities		€ 2,836
Swap contracts	€ 1,587	1,761
Financial power swap	€ (8,872)	€ (61,537)
Marketable securities [Member]
Disclosure of fair value measurement of assets [line items]
Valuation techniques for determining fair value		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.
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		€ 2,836
Swap contracts	€ 0	0
Financial power swap	0	0
Level 2 [Member]
Disclosure of fair value measurement of assets [line items]
Marketable securities		0
Swap contracts	1,587	1,761
Financial power swap	0	0
Level 3 [Member]
Disclosure of fair value measurement of assets [line items]
Marketable securities		0
Swap contracts	0	0
Financial power swap	€ (8,872)	€ (61,537)

Financial Instruments (Schedu_4

Financial Instruments (Schedule of Reconciliation Financial Instruments Carried at Fair Value) (Details) - Financial power swap [Member] - Level 3 [Member] € in Thousands	6 Months Ended
	Jun. 30, 2023 EUR (€)
Disclosure of fair value measurement of assets [line items]
Balance as at Beginning	€ (61,537)
Unrealized under financing income and expenses	271
Realized under financing income and expenses	6,141
In other comprehensive income	46,253
Balance as at Ending	€ (8,872)

Fixed assets (Schedule of Fixed

Fixed assets (Schedule of Fixed Assets) (Details) € in Thousands, $ in Thousands	6 Months Ended			12 Months Ended
	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 USD ($)	[1]	Dec. 31, 2022 EUR (€)
Disclosure of detailed information about property, plant and equipment [line items]
Balance	€ 365,756
Balance	380,849	$ 413,633		€ 365,756
Photovoltaic Plants [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	236,532
Balance	240,465			236,532
Pumped storage [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	102,472
Balance	113,822			102,472
Biogas installation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	26,703
Balance	26,513			26,703
Office furniture and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	49
Balance	49			49
Cost [member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	405,113			365,301
Additions	28,979			45,356
Effect of changes in exchange rates	(6,363)			(5,544)
Balance	427,729			405,113
Cost [member] \| Photovoltaic Plants [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	266,062			251,027
Additions	10,254			15,036
Effect of changes in exchange rates	0			(1)
Balance	276,316			266,062
Cost [member] \| Pumped storage [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	102,472			78,892
Additions	17,712			29,124
Effect of changes in exchange rates	(6,362)			(5,544)
Balance	113,822			102,472
Cost [member] \| Biogas installation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	36,355			35,192
Additions	1,001			1,163
Effect of changes in exchange rates	0			0
Balance	37,356			36,355
Cost [member] \| Office furniture and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	224			190
Additions	12			33
Effect of changes in exchange rates	(1)			1
Balance	235			224
Depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	(39,357)			(24,404)
Depreciation for the year	7,524			14,954
Effect of changes in exchange rates	(1)			(1)
Balance	(46,880)			(39,357)
Depreciation [Member] \| Photovoltaic Plants [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	(29,530)			(17,297)
Depreciation for the year	6,321			12,233
Effect of changes in exchange rates	0			0
Balance	(35,851)			(29,530)
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	(9,652)			(6,952)
Depreciation for the year	1,191			2,700
Effect of changes in exchange rates	0			0
Balance	(10,843)			(9,652)
Depreciation [Member] \| Office furniture and equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance	(175)			(155)
Depreciation for the year	12			21
Effect of changes in exchange rates	(1)			(1)
Balance	€ (186)			€ (175)

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)

Operating Segments (Narrative)

Operating Segments (Narrative) (Details) - EUR (€) € in Thousands	6 Months Ended				12 Months Ended
	Jun. 30, 2023		Jun. 30, 2022		Dec. 31, 2022
Statement [Line Items]
Adjusted gross profit (loss)	€ 5,366		€ 8,086		€ 13,179
ISRAEL
Statement [Line Items]
Adjusted gross profit (loss)	678	[1]	764	[2]	1,565	[3]
ISRAEL \| Income from the sale of electricity [Member]
Statement [Line Items]
Adjusted gross profit (loss)	2,032		2,246		3,427
ISRAEL \| Depreciation expenses [Member]
Statement [Line Items]
Adjusted gross profit (loss)	€ 935		€ 1,014		€ 2,051

[1]The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €2,032 thousand) and depreciation expenses (approximately €935 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.[2]The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €2,246 thousand) and depreciation expenses (approximately €1,014 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.[3]The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €3,427 thousand) and depreciation expenses (approximately €2,051 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.

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, 2023 EUR (€)		Jun. 30, 2023 USD ($)	[1]	Jun. 30, 2022 EUR (€)		Dec. 31, 2022 EUR (€)
Statement [Line Items]
Revenues	€ 25,458		$ 27,649		€ 29,196		€ 53,360
Operating expenses	(12,028)		(13,063)		(13,132)		(24,089)
Depreciation expenses	(8,064)		(8,758)		(7,978)		(16,092)
Gross profit (loss)	5,366		5,828		8,086		13,179
Adjusted gross profit (loss)	5,366				8,086		13,179
Project development costs	(2,192)		(2,381)		(1,554)		(3,784)
General and administrative expenses	(2,911)		(3,162)		(3,297)		(5,892)
Share of profits (losses) of equity accounted investee	1,541		1,674		(602)		1,206
Operating profit (Loss)	1,804		1,959		2,633		4,709
Financing income	9,021		9,798		4,439		9,565
Financing income (expenses) in connection with derivatives and warrants, net	(476)				338		(605)
Financing expenses	(6,989)		(7,590)		(6,958)		(12,636)
Income before taxes on Income	3,360		3,650		452		2,243
Segment assets	604,603		$ 656,648		574,336		576,157
ITALY
Statement [Line Items]
Revenues	0				0		0
Operating expenses	0				0		0
Depreciation expenses	(1)				0		0
Gross profit (loss)	(1)				0		0
Adjusted gross profit (loss)	(1)				0		0
Segment assets	33,932				7,273		22,608
Spain [Member]
Statement [Line Items]
Revenues	1,463				2,081		3,264
Operating expenses	(264)				(100)		(322)
Depreciation expenses	(458)				(452)		(908)
Gross profit (loss)	741				1,529		2,034
Adjusted gross profit (loss)	741				1,529		2,034
Segment assets	13,806				15,376		14,577
Ellomay Solar [Member]
Statement [Line Items]
Revenues	2,080				327		3,597
Operating expenses	(882)				(191)		(1,399)
Depreciation expenses	(469)				0		(427)
Gross profit (loss)	729				136		1,771
Adjusted gross profit (loss)	729				136		1,771
Segment assets	19,635				21,684		20,090
Talasol [Member]
Statement [Line Items]
Revenues	12,666				20,402		32,740
Operating expenses	(3,125)				(7,088)		(8,764)
Depreciation expenses	(5,684)				(5,655)		(11,400)
Gross profit (loss)	3,857				7,659		12,576
Adjusted gross profit (loss)	3,857				7,659		12,576
Segment assets	230,428				267,090		244,584
USA [Member]
Statement [Line Items]
Revenues	0
Operating expenses	0
Depreciation expenses	0
Gross profit (loss)	0
Adjusted gross profit (loss)	0
Segment assets	1,091
ISRAEL
Statement [Line Items]
Revenues	459	[2]			556	[3]	1,119	[4]
Operating expenses	(183)	[2]			(214)	[3]	(418)	[4]
Depreciation expenses	(236)	[2]			(254)	[3]	(512)	[4]
Gross profit (loss)	40	[2]			88	[3]	189	[4]
Adjusted gross profit (loss)	678	[2]			764	[3]	1,565	[4]
Segment assets	31,635	[2]			36,404	[3]	34,750	[4]
Bio Gas [Member]
Statement [Line Items]
Revenues	8,790				5,830		12,640
Operating expenses	(7,574)				(5,539)		(13,186)
Depreciation expenses	(1,204)				(1,607)		(2,824)
Gross profit (loss)	12				(1,316)		(3,370)
Adjusted gross profit (loss)	12				(1,316)		(3,370)
Segment assets	31,910				31,661		32,002
Dorad [Member]
Statement [Line Items]
Revenues	30,305				26,756		62,813
Operating expenses	(22,588)				(20,769)		(47,442)
Depreciation expenses	(2,871)				(3,240)		(6,339)
Gross profit (loss)	4,846				2,747		9,032
Adjusted gross profit (loss)	4,846				2,747		9,032
Segment assets	99,033				108,718		107,079
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
Adjusted gross profit (loss)	0				0		0
Segment assets	155,245				120,906		137,432
Total reportable segments [Member]
Statement [Line Items]
Revenues	55,763				55,952		116,173
Operating expenses	(34,616)				(33,901)		(71,531)
Depreciation expenses	(10,923)				(11,208)		(22,410)
Gross profit (loss)	10,224				10,843		22,232
Adjusted gross profit (loss)	10,862				11,519		23,608
Segment assets	616,715				609,112		613,122
Reconciliations [Member]
Statement [Line Items]
Revenues	(30,305)				(26,756)		(62,813)
Operating expenses	22,588				20,769		47,442
Depreciation expenses	2,859				3,230		6,318
Gross profit (loss)	(4,858)				(2,757)		(9,053)
Adjusted gross profit (loss)	(5,496)				(3,433)		(10,429)
Segment assets	€ (12,112)				€ (34,776)		€ (36,965)

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)[2]The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €2,032 thousand) and depreciation expenses (approximately €935 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.[3]The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €2,246 thousand) and depreciation expenses (approximately €1,014 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.[4]The gross profit of the Talmei Yosef PV Plant located in Israel is adjusted to include income from the sale of electricity (approximately €3,427 thousand) and depreciation expenses (approximately €2,051 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.

Leases (Narrative) (Details)

Leases (Narrative) (Details) € in Thousands, $ in Thousands	6 Months Ended
Leases (Narrative) (Details) € in Thousands, $ in Thousands	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 USD ($)	[1]	Dec. 31, 2022 EUR (€)
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	€ 23,718
Right-of-use asset	€ 30,603	$ 33,237		€ 30,020
Pumped storage [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Operating lease agreements (Years)	31
Lease Liability	€ 2,527
Right-of-use asset	2,527
Amount of outstanding	€ 14

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)

Leases (Schedule of Right-of-us

Leases (Schedule of Right-of-use Assets) (Details) - 6 months ended Jun. 30, 2023 € in Thousands, $ in Thousands	EUR (€)	USD ($)	[1]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	€ 30,020
Ending balance	30,603	$ 33,237
Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	30,020
Additions	3,704
Depreciation for the period	(691)
Other	(1,629)
Effect of changes in exchange rates	(801)
Ending balance	30,603
Cost [member] \| Gelderland [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	46
Additions	0
Depreciation for the period	(13)
Other	0
Effect of changes in exchange rates	0
Ending balance	33
Cost [member] \| Italy [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	8,733
Additions	2,527
Depreciation for the period	(139)
Other	(1,629)
Effect of changes in exchange rates	0
Ending balance	9,492
Cost [member] \| Spain [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	2,314
Additions	155
Depreciation for the period	(64)
Other	0
Effect of changes in exchange rates	0
Ending balance	2,405
Cost [member] \| Talasol [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	7,183
Additions	867
Depreciation for the period	(227)
Other	0
Effect of changes in exchange rates	0
Ending balance	7,823
Cost [member] \| Talmei Yosef [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	1,331
Additions	72
Depreciation for the period	(28)
Other	0
Effect of changes in exchange rates	(118)
Ending balance	1,257
Cost [member] \| Pumped Storage [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance	10,413
Additions	83
Depreciation for the period	(220)
Other	0
Effect of changes in exchange rates	(683)
Ending balance	€ 9,593

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)

Leases (Schedule of Maturity An

Leases (Schedule of Maturity Analysis of Company's Lease Liabilities) (Details) € in Thousands, $ in Thousands	Jun. 30, 2023 EUR (€)	Jun. 30, 2023 USD ($)	[1]	Dec. 31, 2022 EUR (€)
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	€ 23,718
Current maturities of lease liability	775	$ 842		€ 745
Long-term lease liabilities	22,943	$ 24,918		€ 22,005
Less than one year [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	775
One to five years [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	3,280
More than five years [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Lease Liability	€ 19,663

[1]Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)