Ellomay Capital (ELLO) 20-F 18 Apr 24 2023 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2023 shares
Document Information Line Items
Entity Registrant Name	ELLOMAY CAPITAL LTD.
Trading Symbol	ELLO
Document Type	20-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	12,852,585
Amendment Flag	false
Entity Central Index Key	0000946394
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-35284
Entity Incorporation, State or Country Code	L3
Entity Address, Address Line One	18 Rothschild Boulevard
Entity Address, Address Line Two	1st floor
Entity Address, City or Town	Tel Aviv
Entity Address, Postal Zip Code	6688121
Entity Address, Country	IL
Title of 12(b) Security	Ordinary Shares, par value NIS 10.00 per share
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Document Accounting Standard	International Financial Reporting Standards
Auditor Firm ID	1057
Auditor Name	Somekh Chaikin
Auditor Location	Tel Aviv, Israel
Business Contact
Document Information Line Items
Entity Address, Address Line One	18 Rothschild Boulevard
Entity Address, Address Line Two	1st floor
Entity Address, City or Town	Tel Aviv
Entity Address, Postal Zip Code	6688121
Entity Address, Country	IL
Contact Personnel Name	Kalia Rubenbach
City Area Code	972
Local Phone Number	3-797-1111
Contact Personnel Fax Number	972-77-344-6856

Consolidated Statements of Fina

Consolidated Statements of Financial Position € in Thousands, ₪ in Thousands, $ in Thousands	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Current assets
Cash and cash equivalents	€ 51,127	$ 56,548	€ 46,458
Marketable securities			2,836
Short-term deposits	997	1,103
Restricted cash	810	896	900
Receivable from concession project			1,799
Intangible asset from green certificates	553	612	585
Trade and other receivables	11,992	13,264	12,097
Assets of disposal groups classified as held for sale	28,297	31,298
Total Current assests	93,776	103,721	64,675
Non-current assets
Investment in equity accounted investee	31,772	35,141	30,029
Advances on account of investments	898	993	2,328
Receivable from concession project			24,795
Fixed assets	407,982	451,244	365,756
Right-of-use asset	30,967	34,251	30,020
Intangible asset			4,094
Restricted cash and deposits	17,386	19,230	20,192
Deferred tax	8,677	9,597	23,510
Long-term receivables	10,446	11,554	9,270
Derivatives	10,948	12,109	1,488
Non-current assets	519,076	574,119	511,482
Total assets	612,852	677,840	576,157
Current liabilities
Current maturities and short term bank loans	9,784	10,821	12,815
Current maturities of other long-term loans	5,000	5,530	10,000
Current maturities of debentures	35,200	38,933	18,714
Trade payables	5,249	5,808	4,504
Other payables	10,859	12,010	11,207
Current maturities of derivatives	4,643	5,135	33,183
Current maturities of lease liabilities	700	774	745
Liabilities of disposal groups classified as held for sale	17,142	18,960
Total current liabilities	88,577	97,971	91,168
Non-current liabilities
Long-term lease liabilities	23,680	26,191	22,005
Long-term bank loans	237,781	262,995	229,466
Other long-term loans	29,373	32,488	21,582
Debentures	104,887	116,009	91,714
Deferred tax	2,516	2,783	6,770
Other long-term liabilities	939	1,039	2,021
Derivatives			28,354
Total Non-current liabilities	399,176	441,505	401,912
Total liabilities	487,753	539,476	493,080
Equity
Share capital	25,613	28,329	25,613
Share premium	86,159	95,295	86,038
Treasury shares	(1,736)	(1,920)	(1,736)
Transaction reserve with non-controlling Interests	5,697	6,301	5,697
Reserves	4,299	4,755	(12,632)
Accumulated deficit	(5,037)	(5,571)	(7,256)
Total equity attributed to shareholders of the Company	114,995	127,189	95,724
Non-Controlling Interest	10,104	11,175	(12,647)
Total equity	125,099	138,364	83,077
Total liabilities and equity	€ 612,852	$ 677,840	€ 576,157

Consolidated Statements of Prof

Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€) € / shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 EUR (€) € / shares	[1]	Dec. 31, 2021 EUR (€) € / shares	[1]
Revenues	€ 48,834	$ 54,012	€ 52,241		€ 44,705
Operating expenses	(22,861)	(25,285)	(23,671)		(17,223)
Depreciation and amortization expenses	(16,012)	(17,710)	(15,580)		(14,641)
Gross profit	9,961	11,017	12,990		12,841
Project development costs	(4,465)	(4,938)	(3,784)		(2,508)
General and administrative expenses	(5,283)	(5,843)	(5,855)		(5,624)
Share of profits of equity accounted investee	4,320	4,778	1,206		117
Operating profit	4,533	5,014	4,557		4,826
Financing income	8,747	9,675	6,443		673
Financing income (expenses) in connection with derivatives and warrants, net	251	278	605		(841)
Financing expenses	(12,555)	(13,886)	(10,524)		(27,593)
Financing expenses, net	(3,557)	(3,933)	(3,476)		(27,761)
Profit (loss) before taxes on income	976	1,081	1,081		(22,935)
Tax benefit (Taxes on income)	1,436	1,588	(1,652)		2,536
Profit (loss) from continuing operations	2,412	2,669	(571)		(20,399)
Profit (loss) from discontinued operation (net of tax)	(1,787)	(1,976)	711		759
Profit (loss) for the year	625	693	140		(19,640)
Profit (loss) attributable to:
Owners of the Company	2,219	2,456	(357)		(15,090)
Non-controlling interests	(1,594)	(1,763)	497		(4,550)
Profit (loss) for the year	625	693	140		(19,640)
Other comprehensive income (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	(7,949)	(8,792)	(7,829)		12,284
Effective portion of change in fair value of cash flow hedges	39,431	43,611	(65,542)	[2]	(35,097)	[2]
Net change in fair value of cash flow hedges transferred to profit or loss	9,794	10,833	38,080	[2]	18,315	[2]
Total other comprehensive income (loss)	41,276	45,652	(35,291)		(4,498)
Total other comprehensive income (loss) attributable to:
Owners of the Company	16,931	18,726	(19,920)		3,124
Non-controlling interests	24,345	26,926	(15,371)		(7,622)
Total other comprehensive income (loss)	41,276	45,652	(35,291)		(4,498)
Total comprehensive income (loss) for the year	41,901	46,345	(35,151)		(24,138)
Total comprehensive income (loss) for the year attributable to:
Owners of the Company	19,150	21,182	(20,277)		(11,966)
Non-controlling interests	22,751	25,163	(14,874)		(12,172)
Total comprehensive income (loss) for the year	€ 41,901	$ 46,345	€ (35,151)		€ (24,138)
Basic net earning (loss) per share (in Euro per share and Dollars per share) | (per share)	€ 0.17	$ 0.19	€ (0.03)		€ (1.18)
Diluted net earning (loss) per share (in Euro per share and Dollars per share) | (per share)	0.17	0.19	(0.03)		(1.18)
Basic profit (loss) per share from continuing operations (in Euro per share and Dollars per share) | (per share)	0.31	0.34	(0.08)		(1.24)
Diluted profit (loss) per share from continuing operations (in Euro per share and Dollars per share) | (per share)	0.31	0.34	(0.08)		(1.24)
Basic profit (loss) per share from discontinued operation (in Euro per share and Dollars per share) | (per share)	(0.14)	(0.15)	0.05		0.06
Diluted profit (loss) per share from discontinued operation (in Euro per share and Dollars per share) | (per share)	€ (0.14)	$ (0.15)	€ 0.05		€ 0.06
[1]Reclassified due to discontinued operation - see Note 23.[2]Reclassified – see Note 2G.

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity € in Thousands, $ in Thousands	Share capital EUR (€)	Share capital USD ($)	Share premium EUR (€)	Share premium USD ($)	Accumulated deficit EUR (€)	Accumulated deficit USD ($)	Treasury shares EUR (€)	Treasury shares USD ($)	Translation reserve from foreign operations EUR (€)	Translation reserve from foreign operations USD ($)	Hedging Reserve EUR (€)	Hedging Reserve USD ($)	Transaction reserve with non-controlling Interests EUR (€)	Transaction reserve with non-controlling Interests USD ($)	Total EUR (€)	Total USD ($)	Non- controlling Interests EUR (€)	Non- controlling Interests USD ($)	EUR (€)		USD ($)
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 year					(15,090)										(15,090)		(4,550)		(19,640)	[1]
Other comprehensive income for the year									11,542		(8,418)				3,124		(7,622)		(4,498)
Total comprehensive income (loss) for the year					(15,090)				11,542		(8,418)				(11,966)		(12,172)		(24,138)
Issuance of ordinary shares																	8,682		8,682
Acquisition of shares in subsidiaries from non-controlling interests													(409)		(409)		961		552
Warrants exercise	454		3,419												3,873				3,873
Options exercise	49														49				49
Share-based payments			63												63				63
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 year					(357)										(357)		497		140	[1]
Other comprehensive income for the year									(7,395)		(12,525)				(19,920)		(15,371)		(35,291)
Total comprehensive income (loss) for the year					(357)				(7,395)		(12,525)				(20,277)		(14,874)		(35,151)
Issuance of Capital note to non-controlling interest																	3,958		3,958
Options exercise	8		28												36				36
Share-based payments			127												127				127
Balance at Dec. 31, 2022	25,613	$ 28,329	86,038	$ 95,161	(7,256)	$ (8,027)	(1,736)	$ (1,920)	7,970	$ 8,816	(20,602)	$ (22,787)	5,697	$ 6,301	95,724	$ 105,873	(12,647)	$ (13,988)	83,077		$ 91,885
Profit (loss) for the year					2,219	2,456									2,219	2,456	(1,594)	(1,763)	625		693
Other comprehensive income for the year									(7,585)	(8,389)	24,516	27,115			16,931	18,726	24,345	26,926	41,276		45,652
Total comprehensive income (loss) for the year					2,219	2,456			(7,585)	(8,389)	24,516	27,115			19,150	21,182	22,751	25,163	41,901		46,345
Share-based payments			121	134											121	134			121		134
Balance at Dec. 31, 2023	€ 25,613	$ 28,329	€ 86,159	$ 95,295	€ (5,037)	$ (5,571)	€ (1,736)	$ (1,920)	€ 385	$ 427	€ 3,914	$ 4,328	€ 5,697	$ 6,301	€ 114,995	$ 127,189	€ 10,104	$ 11,175	€ 125,099		$ 138,364
[1]Reclassified due to discontinued operation - see Note 23.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)		Dec. 31, 2021 EUR (€)
Cash flows from operating activities
Profit (loss) for the year	€ 625	$ 693	€ 140	[1]	€ (19,640)	[1]
Adjustments for:
Financing expenses, net	3,034	3,355	2,466		26,884
Profit from settlement of derivatives contract					(407)
Impairment losses on assets of disposal groups classified as held-for-sale	2,565	2,837
Depreciation and amortization	16,473	18,220	16,092		15,116
Share-based payment transactions	121	134	127		63
Share of profits of equity accounted investees	(4,320)	(4,778)	(1,206)	[1]	(117)	[1]
Change in trade receivables and other receivables	(302)	(334)	724		(1,883)
Change in other assets	(681)	(753)	(209)		(545)
Change in receivables from concessions project	1,778	1,967	(521)		1,580
Change in trade payables	(45)	(50)	1,697		154
Change in other payables	(2,235)	(2,472)	3,807		2,380
Income tax expense (tax benefit)	(1,852)	(2,048)	2,103		(2,281)
Income taxes paid	(912)	(1,009)	(6,337)		(94)
Repayment of interest on loan from an equity accounted investee	1,501	1,660			859
Interest received	2,936	3,247	1,896		1,844
Interest paid	(10,082)	(11,151)	(9,459)		(7,801)
Total adjustment to reconcile profit and loss	7,979	8,825	11,180		35,752
Net cash provided by operating activities	8,604	9,518	11,320		16,112
Cash flows from investing activities:
Acquisition of fixed assets	(58,848)	(65,088)	(46,644)		(79,696)
Interest paid capitalized to fixed assets	(2,283)	(2,525)	(1,966)		(1,189)
Repayment of loan to an equity accounted investee	1,324	1,464	149		1,400
Loan to an equity accounted investee	(128)	(142)	(128)		(335)
Advances on account of investments	(421)	(466)	(774)
Proceeds from advances on account of investments in process	2,218	2,453
Proceeds from sales of (investment in) marketable securities	2,837	3,138	(1,062)		(112)
Investment in settlement of derivatives, net			(528)		(976)
Proceed from (investment in) restricted cash, net	840	929	(4,873)		(5,990)
Proceeds from (investment in) short term deposit	(1,092)	(1,208)	27,645		(18,599)
Net cash used in investing activities	(55,553)	(61,445)	(28,181)		(105,497)
Cash flows from financing activities:
Sale of shares in subsidiaries to non-controlling interests					1,400
Proceeds from options			36		49
Cost associated with long-term loans	(1,877)	(2,076)	(9,988)		(2,796)
Payment of principal of lease liabilities	(1,156)	(1,279)	(5,703)		(4,803)
Proceeds from long-term loans	32,157	35,567	215,170		32,947
Repayment of long-term loans	(12,736)	(14,087)	(153,751)		(18,905)
Repayment of Debentures	(17,763)	(19,647)	(19,764)		(30,730)
Repayment of SWAP instrument associated with long term loans			(3,290)
Proceed from settlement of derivatives, net			3,800
Proceeds from issue of convertible debentures					15,571
Proceeds from issuance of Debentures, net	55,808	61,726			57,717
Proceeds from issuance / exercise of warrants					3,746
Net cash provided by financing activities	54,433	60,204	26,510		54,196
Effect of exchange rate fluctuations on cash and cash equivalents	(2,387)	(2,640)	(4,420)		9,573
Increase (decrease) in cash and cash equivalents	5,097	5,637	5,229		(25,616)
Cash and cash equivalents at the beginning of year	46,458	51,384	41,229		66,845
Cash from disposal groups classified as held-for-sale	(428)	(473)
Cash and cash equivalents at the end of the year	€ 51,127	$ 56,548	€ 46,458		€ 41,229
[1]Reclassified due to discontinued operation - see Note 23.

General

General	12 Months Ended
	Dec. 31, 2023
General [Abstract]
General	Note 1 - General A. Ellomay Capital Ltd. (the “Company”) is an Israeli Company operating in the business of initiation, development, construction and production of renewable and clean energy projects in Europe, USA and Israel. As of December 31, 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 photovoltaic plants in Spain with an aggregate installed capacity of approximately 35.9 Mega Watt (“MW”), (ii) 51% of Talasol Solar S.L.U (“Talasol”), which owns a photovoltaic plant with installed capacity of 300MW in the municipality of Talaván, Cáceres, Spain (the “Talasol PV Plant”), and (iii) one photovoltaic plant in Israel with an aggregate installed capacity of approximately 9 MW. See Note 23 for Non-Current Assets and Disposal Groups Held for Sale. In addition, the Company indirectly owns: (i) 9.375% of Dorad Energy Ltd. (“Dorad”), (ii) Ellomay Solar Italy One SRL and Ellomay Solar Italy Two SRL, which own photovoltaic plants with installed capacity of 14.8 MW and 4.95 MW, respectively, in the Lazio Region, Italy that are ready for connection to the grid, (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 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 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 (the “Manara PSP”), and (vi) Fairfield Solar Project, LLC, Malakoff Solar I, LLC, Malakoff Solar II, LLC, Mexia Solar I, LLC, Mexia Solar II, LLC, and Talco Solar, LLC, that are developing photovoltaic projects with installed capacity of 13.44 MW, 6.96 MW, 6.96 MW, 5. 6 MW, 5. MW and MW respectively, in the Dallas Metropolitan area, Texas, that have reached “ready to build” status. The Company also develops PV projects in Italy, Spain, USA 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. B. Definitions: In these financial statements: Consolidated companies/subsidiaries Investee companies Related party Interested parties Unless otherwise noted, all references to “€,” “euro” or “EUR” are to the legal currency of the European Union, all references to “USD,” “US dollar,” “dollars” and “$” are to United States dollars, and all references to “NIS” are to New Israeli Shekels. Other than as specifically noted, all amounts translated into euro were translated based on the exchange rate as of December 31, 2023.

Basis of Preparation

Basis of Preparation	12 Months Ended
	Dec. 31, 2023
Basis of Preparation [Abstract]
Basis of Preparation	Note 2 - Basis of Preparation A. Statement of compliance The consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. The consolidated financial statements were authorized by the Company’s Board of Directors for issue on April 18, 2024. B. Functional and presentation currency These consolidated financial statements are presented in euro, which is the Company’s functional currency, and have been rounded to the nearest thousand, except when otherwise indicated. The euro is the currency that represents the principal economic environment in which the Company operates. C. Basis of measurement The consolidated financial statements have been prepared on the historical cost basis, except for the following assets and liabilities: (i) Investment in investee accounted for using the equity method; (ii) Financial instruments, derivatives and other assets and liabilities measured at fair value through profit or loss; and (iii) Deferred tax assets and liabilities. D. Operating cycle The operating cycle of the Company is one year. E. Use of estimates and judgments Use of estimates The preparation of financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions, that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The determination of accounting estimates used in the preparation of the Company’s financial statements requires that management of the Company makes assumptions regarding circumstances and events that involve considerable uncertainty. The Company’s management prepares the estimates on the basis of past experience, various facts, external circumstances and reasonable assumptions according to the pertinent circumstances of each estimate. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. The key assumptions made in the financial statements with respect to the future and other reasons for uncertainty with respect to estimates that have a significant risk of resulting in a material adjustment to carrying amounts of assets and liabilities within the next financial year are discussed below: Recoverable amount of cash generating unit: The Company examines at the end of each reporting year whether there have been any events or changes in circumstances that indicate impairment of cash-generating units. When an indication of impairment is revealed, the Company checks whether the carrying amount of the cash-generating units is recoverable. An impairment loss is recognized if the carrying amount of the cash-generating unit exceeds its estimated recoverable amount. A principal assumption of this estimate is the allocation of fair value (less costs of disposal) to the cash-generating units of the Company and a possible effect of this estimate is change of the impairment loss. For more information see Note 6D. Fair value measurement of non-trading derivatives: Within the scope of the valuation of financial assets and derivatives not traded on an active market, management makes assumptions about inputs used in the valuation models. Principal assumptions of this estimate are unobservable inputs used in the valuation model (especially standard deviation and discount rates) and a possible effect of this estimate is profit or loss from a change in the fair value of those financial assets and derivatives. For information on a sensitivity analysis of levels 2 and 3 financial instruments carried at fair value see Note 21 regarding financial instruments. Recognition of deferred tax asset in respect of tax losses: A principal assumption of this estimate is the probability that in the future there will be taxable profits against which carried forward losses can be utilized. A possible effect of this estimate is recognition or reversal of deferred tax asset in profit or loss. See Note 19 regarding taxes on income. Determination of fair value: Preparation of the financial statements requires the Company to determine the fair value of certain assets and liabilities. Further information about the assumptions that were used to determine fair value is included in Note 15, on share-based payments and Note 21, on financial instruments. F. Initial application of new standards, amendments to standards and interpretations 1. Amendment to IAS 1, Presentation of Financial Statements: “Disclosure of Accounting Policies.” Effective January 1, 2023, the Company adopted IAS 1 Amendment and IFRS Practice Statement 2 – Disclosure of Accounting Policies (“IFRS Practice Statement 2”). The IAS 1 Amendment and IFRS Practice Statement 2 require the Company to disclose its material accounting policies instead of its significant accounting policies. As a result of the adoption of these amendments, the accounting disclosure provided in the financial statements for 2023 was reduced and adjusted according to the Company’s specific circumstances. 2. Amendment to IAS 12, Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction The IAS 12 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/or 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 IAS 12 Amendment is effective for annual periods beginning on or after January 1, 2023. For deferred taxes arising from leases and decommissioning and restoration liabilities, the Amendment is applied by amending the opening balance of retained earnings for the earliest comparative data presented. Application of the Amendment did not have a material effect on the financial statements. G. Retrospective classification Comparative amounts of other comprehensive income were retrospectively classified in order to present the change in fair value of cash flow hedges transferred to profit or loss, which resulted in approximately € 37.3 million and €21.8 million being reclassified for 2022 and 2021, respectively, from Effective portion of change in fair value of cash flow hedges to Net change in fair value of cash flow hedges transferred to profit or loss. This classification did not have any effect on the profit (loss) and on the Total other comprehensive income (loss) for the year.

Material Accounting Policies

Material Accounting Policies	12 Months Ended
	Dec. 31, 2023
Material Accounting Policies [Abstract]
Material Accounting Policies	Note 3 - Material Accounting Policies The accounting policies set out below have been applied consistently for all periods presented in these consolidated financial statements. A. Basis of consolidation and equity method accounting (1) Subsidiaries Subsidiaries are entities controlled by the Company. Control exists when the Company is exposed, or has rights, to variable returns from its involvement with the acquiree and it has the ability to affect those returns through its power over the acquiree. Substantive rights held by the Company and others are taken into account when assessing control. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control is lost. (2) Non-controlling interests Non-controlling interests comprise the equity of a subsidiary that cannot be attributed, directly or indirectly, to the parent company and they include additional components such as Issuance of capital note only to the non-controlling interest and share options of subsidiaries. Allocation of profit or loss and other comprehensive income to the shareholders Profit or loss and any part of other comprehensive income are allocated to the owners of the Company and the non-controlling interests. Total comprehensive income is allocated to the owners of the Company and the non-controlling interests even if the result is a negative balance of non-controlling interests. Transactions with non-controlling interests, while retaining control Transactions with non-controlling interests while retaining control are accounted for as equity transactions. Any difference between the consideration paid or received and the change in non-controlling interests is included in the owners’ share in equity of the Company directly in Transaction reserve with non-controlling interests. (3) Investment in associates and joint ventures (equity accounted investees) Associates are those entities in which the Company has significant influence, but not control or joint control, over the financial and operating policies. There is a rebuttable presumption that significant influence exists when the Company holds between 20% and 50% of another entity. Joint ventures are joint arrangements in which the Company has rights to the net assets of the arrangement. Associates and joint ventures are accounted for using the equity method (equity accounted investees) and are recognized initially at cost. The cost of the investment includes transaction costs that are directly attributable to an expected acquisition of an associate or joint venture. The consolidated financial statements include the Company’s share of the income and expenses in profit or loss and of other comprehensive income of equity accounted investees, after adjustments to align the accounting policies with those of the Company, from the date that significant influence commences until the date that significant influence ceases. Long-term interests in associates and joint ventures that, in substance, form part of the net investment in the associate or joint venture, such as preferred shares and long-term loans that their repayment is not expected and is unlikely to occur in the foreseeable future, are first accounted for in accordance with the guidance of IFRS 9 and then the equity method is applied in accordance with the guidance of IAS 28. B. Foreign currency (1) Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of the Company at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated to the functional currency at the exchange rate at that date. The foreign currency gain or loss on monetary items is the difference between amortized cost in the functional currency at the beginning of the year, adjusted for effective interest and payments during the year, and the amortized cost in foreign currency translated at the exchange rate at the end of the year. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate at the date that the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Foreign currency differences arising on translation are generally recognized in profit or loss, except for qualifying cash flow hedges to the extent the hedge is effective, which are recognized in other comprehensive income. (2) Foreign operations The assets and liabilities of foreign operations, including adjustments arising on consolidation, are translated at exchange rates at the reporting date. The income and expenses for each period presented in the statement of profit or loss and other comprehensive income (loss) are translated at average exchange rates for the presented periods; however, if exchange rates fluctuate significantly, income and expenses are translated at the exchange rates at the date of the transactions. Foreign currency exchange differences are recognized in equity as a separate component of other comprehensive income (loss): “foreign currency translation adjustments”. When the foreign operation is a non-wholly-owned subsidiary of the Company, then the relevant proportionate share of the foreign operation translation difference is allocated to the non-controlling interests. Foreign exchange gains and losses arising from a monetary item receivable from, or payable to, a foreign operation, the settlement of which is neither planned nor likely in the foreseeable future, are considered to form part of a net investment in a foreign operation and are recognized in other comprehensive income (loss) and are presented within equity as part of the translation reserve. (3) Presentation Currency For the convenience of the reader, the reported euro figures as of December 31, 2023 and for the year then ended, are also presented in dollars, translated at the representative rate of exchange as of December 31, 2023 (euro 1.106 = US$ 1.00). The dollar amounts presented in these financial statements should not be construed as representing amounts that are receivable or payable in dollars or convertible into dollars, unless otherwise indicated. C. Financial instruments (1) Trade accounts receivables, services concession receivables and other receivables The Company initially recognizes receivables on the date that they are created. Receivables without a significant financing component are initially measured at the transaction price and subsequently measured at amortized cost, using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in profit or loss. (2) Non-derivative financial liabilities The Company’s financial liabilities include loans and borrowings, trade payables, other payables, finance lease obligations, debentures, long-term loans and other long-term liabilities. The Company initially recognizes debt securities issued on the date that they originated. All other financial liabilities are recognized initially on the trade date at which the Company becomes a party to the contractual provisions of the instrument. Financial liabilities are recognized initially at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these financial liabilities are measured at amortized cost using the effective interest method. Financial liabilities are derecognized when the obligation of the Company, as specified in the agreement, expires or when it is discharged or cancelled. (3) Derivative financial instruments, including hedge accounting The Company holds both derivative financial instruments to hedge its interest rate risk exposures and fluctuating electricity prices risk exposures and derivatives that do not serve hedging purposes. Hedge accounting The Company designates certain derivatives as hedging instruments in order to hedge changes in cash flows that relate to highly probable forecasted transactions and which derive from changes in fluctuation in the electricity prices and changes in interest on variable-rate loans. The Company continues to apply IAS 39 for the hedge accounting. The Company makes an assessment, both at the inception of the hedge relationship as well as on an ongoing basis, as to whether the hedging instruments are expected to be “highly effective” in offsetting the changes in the fair value or cash flows of the respective hedged items during the period for which the hedge is designated, and whether the actual results of each hedge are within a range of 80-125 percent. Measurement of derivative financial instruments Derivatives are recognized initially at fair value and attributable transaction costs are recognized in profit or loss as incurred. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. Cash flow hedges When a derivative instrument is designated as a cash flow hedge, the effective portion of the changes in fair value of the derivative is recognized in other comprehensive income, directly within a hedging reserve. The effective portion of changes in fair value of a derivative, recognized in other comprehensive income, is limited to the cumulative change in fair value of the hedged item (based on present value), from inception of the hedge. The change in fair value in respect of the ineffective portion is recognized immediately in profit or loss. If the hedge no longer qualifies as an accounting hedge, or the hedging instrument is sold, expires, is terminated or exercised, hedge accounting is discontinued on a prospective basis. When hedge accounting is discontinued, the amounts accumulated in the past in the hedging reserve and cost of hedging reserve remain in the reserve, until such time as they are included in the initial cost of the non-financial item (for hedged transactions whose result is a non-financial item), or until such time as they are reclassified to profit or loss in the period, or periods, in which the hedged forecasted future cash flows affect profit or loss (for other cash flows hedges). Economic hedges Hedge accounting is not applied to derivative instruments that economically hedge financial assets and liabilities denominated in foreign currencies. Changes in the fair value of such derivatives are recognized in profit or loss under financing income or expenses. (4) Interest Rate Benchmark Reform When the basis for determining the contractual cash flows of a financial asset or financial liability measured at amortized cost changes as a result of interest rate benchmark reform, the Company updates the effective interest rate of the financial asset or financial liability to reflect the change required by the reform. When changes are made to a financial asset or financial liability in addition to changes to the basis for determining the contractual cash flows required by interest rate benchmark reform, in addition to adjusting the effective interest rate as a result of the reform the Company applies on accounting for substantial modifications in terms of debt instruments. (5) CPI-linked assets and liabilities that are not measured at fair value The value of CPI-linked financial assets and liabilities, which are not measured at fair value, is re-measured every period in accordance with the actual increase/decrease in the CPI. D. Fixed assets (1) Recognition and measurement Fixed assets items are measured at cost less accumulated depreciation. Cost includes expenditures that are directly attributable to the acquisition of the fixed asset. The cost of self-constructed assets includes the cost of materials and direct labor, any other costs directly attributable to bringing the assets to a working condition for their intended use, an estimate of the costs of dismantling and removing the items and restoring the site on which they are located, and capitalized borrowing costs (mainly specific). Project licenses are included in the cost of photovoltaic plants. The costs of replacing part of a fixed asset item and other subsequent expenses are capitalized if it is probable that the future economic benefits associated with them will flow to the Company and their cost can be measured reliably. The carrying amount of the replaced part of a fixed asset item is derecognized. The costs of day-to-day servicing are recognized in profit or loss as incurred. Gains and losses on disposal of a fixed asset item are determined by comparing the net proceeds from disposal with the carrying amount of the asset, and are recognized in profit or loss. (2) Depreciation Depreciation is a systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount is the cost of the asset, or other amount substituted for cost, less its residual value. An asset is depreciated from the date it is ready for use, meaning the date it reaches the location and condition required for it to operate in the manner intended by management. Depreciation is recognized in profit or loss on a straight-line basis over the estimated useful lives of each part of the fixed asset item. The estimated useful lives are as follows: % per annum Mainly % Office furniture and equipment 6-33 33 Photovoltaic plants in Spain 5 5 Biogas plants in the Netherlands 8 8 Leasehold improvements Over the shorter of the lease period or the life of the asset 7 The estimated useful life of the project licenses of photovoltaic plants that are carried at cost is 20-25 years for the Company’s Spanish subsidiaries. The estimated useful life of the project licenses of the Company’s Netherlands anaerobic digestion plants that are carried at cost is 13 years. The fixed assets residual values, useful lives and methods of depreciation are reviewed at each financial year-end and adjusted if appropriate. E. Impairment for non-financial assets The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash-generating unit”). The Company views each PV plant as a separate cash-generating unit. The recoverable amount of an asset or cash-generating unit is the greater of its fair value less costs of disposal and its value in use. F. Leases (1) Leased assets and lease liabilities Contracts that award the Company control over the use of a leased asset for a period of time in exchange for consideration are accounted for as leases. Upon initial recognition, the Company recognizes a liability at the present value of the balance of future lease payments (these payments do not include certain variable lease payments), and concurrently recognizes a right-of-use asset at the same amount of the lease liability, adjusted for any prepaid or accrued lease payments, plus initial direct costs incurred in respect of the lease. Since the interest rate implicit in the Company’s leases is not readily determinable, the incremental borrowing rate of the lessee is used. Subsequent to initial recognition, the right-of-use asset is accounted for using the cost model and depreciated over the shorter of the lease term or useful life of the asset. The Company has elected to apply the practical expedient by which short-term leases of up to one year and/or leases in which the underlying asset has a low value, are accounted for such that lease payments are recognized in profit or loss on a straight-line basis, over the lease term, without recognizing an asset and/or liability in the statement of financial position. (2) Variable lease payments Variable lease payments that depend on an index or a rate, are initially measured using the index or rate existing at the commencement of the lease and are included in the measurement of the lease liability. When the cash flows of future lease payments change as the result of a change in an index or a rate, the balance of the liability is adjusted against the right-of-use asset. Other variable lease payments that are not included in the measurement of the lease liability are recognized in profit or loss in the period in which the event or condition that triggers payment occurs. (3) Depreciation of right-of-use asset After lease commencement, a right-of-use asset is measured on a cost basis less accumulated depreciation and accumulated impairment losses and is adjusted for re-measurements of the lease liability. Depreciation is calculated on a straight-line basis over the useful life or contractual lease period, whichever earlier. The main right of use assets are lands which are depreciated over 20-40 years. G. Revenue recognition Revenues are derived primarily from the sale of electricity and natural gas to customers. Revenues are recognized when the customer obtains control over the promised products, i.e. when the natural gas or electricity is delivered to the customer. The revenue is measured according to the amount of consideration to which the Company expects to be entitled in exchange for the products promised to the customer, other than amounts collected for third parties. Revenues from the sale of electricity and natural gas are recognized when the units produced are transferred to the grid at connection points on the basis of a meter reading. Revenues in respect of units produced and transferred to the grid in the period between the most recent meter reading and the date of the statement of financial position, are included based on an estimate. In some of the Company’s PV plants in Spain, the proceeds from the sale of electricity also depend on the subsidies granted by the local government in accordance with changes in the market prices of electricity. The Company measures revenues while taking into account the increase or decrease of the subsidies it will receive as a result of changes in market prices throughout the current year. H. Income tax Income tax consists of current tax and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that the tax arises from items which are recognized directly in equity. In such cases, the tax effect is also recognized in the relevant item in equity. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes, except for a limited number of exceptions, including differences relating to investments in subsidiaries, joint arrangements and associates, to the extent that the Company is able to control the timing of the reversal of the temporary difference and it is probable that they will not reverse in the foreseeable future, either by way of selling the investment or by way of distributing dividends in respect of the investment. A deferred tax asset is recognized for unused tax losses, tax benefits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred tax assets that were not recognized are reevaluated at each reporting date and recognized if it has become probable that future taxable profits will be available against which they can be utilized. I. Financing income and expenses Financing income comprises interest income on bank deposits and marketable securities, gains on changes in the fair value of financial assets at fair value through profit or loss, gains on hedging instruments that are recognized in profit or loss and exchange rate differences. Interest income is recognized as it accrues. Changes in the fair value of financial assets at fair value through profit or loss also include income from dividends and interest. Financing expenses consist of bank charges, interest expenses on borrowings and debentures, changes in the fair value of financial assets at fair value through profit or loss, losses on hedging instruments that are recognized in profit or loss, and exchange rate differences. Borrowing costs, which are not capitalized to qualifying assets, are recognized in profit or loss using the effective interest method. Foreign currency gains and losses on financial assets and financial liabilities are reported on a net basis as either financing income or financing expenses depending on whether foreign currency movements are in a net gain or net loss position. In the statements of cash flows, interest received and interest paid are presented as part of cash flows from operating activities. Financing costs that were capitalized to qualifying assets are presented as part of cash flows from investment activities . J. Service concession arrangements As part of service concession arrangements with government bodies for the construction and operation of a facility in consideration for fixed and variable payments, the Company recognizes a financial asset commencing from the start of the construction of the facility when it has an unconditional right to receive cash or some other financial asset for the construction services. The financial asset reflects the unconditional payments receivable in the future from the government body and bears an appropriate rate of interest for risk that is determined based on the risk of the customer. The aforementioned financial assets are stated at fair value upon initial recognition and at amortized cost in subsequent periods. As from January 1, 2018, the Company’s right to receive consideration for the construction services, constitutes a contract asset until the end of the construction period. In projects accounted for using the financial asset model, when at the end of the construction period there is an unconditional right (other than that of the passing of time) to receive consideration for the construction services, the contract asset is classified to receivables (financial asset) according to the carrying amount of the contract asset. K. Discontinued operations The Company classifies an operation as a discontinued operation when it meets the criteria to be classified as held for sale. The discontinued operation is a component of the Company’s business that represents a separate major line of business. The comparative income statement is restated as if the operation had been discontinued from the start of the earliest comparative period. L. New standards, amendments to standards and interpretations not yet adopted Amendment to IAS 1, Presentation of Financial Statements: Classification of Liabilities as Current or Non-Current (“the IAS 1 Amendment”) and subsequent amendment: Non-Current Liabilities with Covenants (“the IAS 1Subsequent Amendment”) The IAS 1 Amendment, together with the IAS 1 Subsequent Amendment (see below), replaces certain requirements for classifying liabilities as current or non-current. According to the IAS 1 Amendment, a liability will be classified as non-current when the entity has the right to defer settlement for at least 12 months after the reporting period, and it “has substance” and is in existence at the end of the reporting period. According to the IAS 1 Subsequent Amendment, as published in October 2022, covenants with which the entity must comply after the reporting date do not affect classification of the liability as current or non-current. Additionally, the IAS 1 Subsequent Amendment adds disclosure requirements for liabilities subject to covenants within 12 months after the reporting date, such as disclosure regarding the nature of the covenants, the date they need to be complied with and facts and circumstances that indicate the entity may have difficulty complying with the covenants. Furthermore, the IAS 1 Amendment clarifies that the conversion option of a liability will affect its classification as current or non-current, other than when the conversion option is recognized as equity. The IAS 1 Amendment and the IAS 1 Subsequent Amendment are effective for reporting periods beginning on or after January 1, 2024 with earlier application being permitted. The IAS 1 Amendment and IAS 1 Subsequent Amendment are applicable retrospectively, including an amendment to comparative data. In the opinion of the Company, with regard to current loans and covenants of the Company, application of the IAS 1 Amendment and the IAS 1 Subsequent Amendment is not expected to have a material effect on the Company.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Note 4 - Cash and Cash Equivalents December 31 2023 2022 € in thousands Cash 21,093 14,768 On call deposits 30,034 31,690 Cash and cash equivalents 51,127 46,458 Cash and cash equivalents in the statement of cash flows 51,127 46,458 The Company’s exposure to credit, interest rate and currency risks, and a sensitivity analysis for financial assets, are included in Note 21 regarding financial instruments.

Restricted Cash, Deposits and M

Restricted Cash, Deposits and Marketable Securities	12 Months Ended
	Dec. 31, 2023
Restricted Cash, Deposits and Marketable Securities [Abstract]
Restricted Cash, Deposits and Marketable Securities	Note 5 - Restricted Cash, Deposits and Marketable Securities December 31 2023 2022 € in thousands Marketable securities - 2,836 Short-term deposits 997 - Short-term restricted cash (1) 810 900 Restricted cash and bank deposits, long-term (1) 17,386 20,192 (1) Deposits used to secure obligations under agreements (see Notes 6 and 21E(3)) and loan agreements (see Note 11).

Investee Companies and other in

Investee Companies and other investments	12 Months Ended
	Dec. 31, 2023
Investee Companies and other investments [Abstract]
Investee Companies and other investments	Note 6 - Investee Companies and other investments A. Equity accounted investees Ellomay Luzon Energy Infrastructures Ltd. (“Ellomay Luzon Energy”)– Since November 2010, the Company indirectly (through Ellomay Clean Energy LP (“Ellomay Energy LP”)) holds 50% of Ellomay Luzon Energy (formerly U. Dori Energy Infrastructures Ltd.). Ellomay Luzon Energy holds 18.75% of the share capital of Dorad Energy Ltd. (“Dorad”), which owns an approximate 850 MWp dual-fuel operated power plant in the vicinity of Ashkelon, Israel (the “Dorad Power Plant”). The investment in Ellomay Luzon Energy is accounted for under the equity method. On May 12, 2014, Dorad was issued a production license for 20 years and on May 19, 2014, Dorad began commercial operation of the power plant. In July 2015, Dorad was issued a long-term supply license that will expire on May 11, 2034. Effective December 31, 2022, Ellomay Energy LP and Ellomay Luzon Energy entered into a loan agreement and capital notes agreements, which provide for the conversion of approximately NIS 23,467 thousand of the then outstanding shareholders’ loans provided by them to Ellomay Luzon Energy to capital notes, payable not less than 60 months after the date of their execution, at the sole discretion of Ellomay Luzon Energy, with the remaining balance of shareholders’ loans (NIS 10 million), linked to the Israeli CPI and bearing an annual interest equal to the interest payable on Dorad’s senior debt plus 3%, with a repayment date of December 31, 2023. The Luzon Group entered into a similar loan agreement and capital notes with respect to its portion of the shareholders’ loans. During the year ended December 31, 2023, Ellomay Luzon Energy repaid all outstanding shareholders’ loans. Such shareholders’ loans were repaid from proceeds from dividends distributed by Dorad. As of December 31, 2023, Dorad provided, through its shareholders at their proportionate holdings and as required by the financing agreements executed by Dorad, guarantees in favor of the Israeli Electricity Authority, NOGA – electricity system management and Israel Natural Gas Lines Ltd. in the aggregate amount of approximately NIS 162,000 thousand (approximately €40,400 thousand). The Company’s indirect share of guarantees provided on behalf of Dorad by Dorad’s shareholders is approximately NIS 15,000 thousand (approximately €3,700 thousand). Dorad’s revenues and operating expenses are affected by the average production component as determined by the Israeli Electricity Authority. The average production component was reduced by approximately 5.7% commencing January 1, 2021, increased by approximately 13.6% commencing February 1, 2022, increased by approximately 9.4% compared to the 2021 tariff, commencing May 1, 2022, increased by approximately 24.3% compared to the 2021 tariff, decreased by approximately 0.7% commencing January 1, 2023, decreased by approximately 1.2% from February 1, 2023, decreased by approximately 1.4% commencing April 1, 2023, and decreased by approximately 1% commencing February 2024. Dorad’s financing expenses are affected by the indexation to the Israeli CPI of its Project Finance. The Israeli CPI increased by approximately 3.3% in 2023 and by approximately 5.3% during 2022. On November 22, 2020, the IEC filed a third-party notice against Dorad in connection with a class action submitted against the IEC claiming that the IEC was negligent in overseeing the private electricity manufacturers thereby damaging the electricity consumers. The claim against the IEC alleges that the private electricity manufacturers provided false reports in the consumption plans they submitted to the system manager in the IEC, based on the standards set by the Israeli Electricity Authority. On April 10, 2023, the court decided to reject the request to send a third-party notice to Dorad. On June 11, 2023, IEC filed an appeal to the Israeli Supreme Court. On June 29, 2023, the Supreme Court decided that the respondents must submit a written answer to the appeal by March 14, 2024, and the hearing of the appeal was set for May 6, 2024. At this point, based on the advice of legal counsel, Dorad cannot estimate the outcome of this legal proceeding. Dorad and its shareholders are involved in several legal proceedings as follows: Petition to Approve a Derivative Claim filed by Ellomay Luzon Energy On July 16, 2015, Ellomay Luzon Energy and Ellomay Luzon Energy’s representative on Dorad’s board of directors at the time, Mr. Hemi Raphael, filed a petition (the “Petition”), for approval of a derivative action on behalf of Dorad with the Economic Department of the Tel Aviv-Jaffa District Court. The Petition was filed originally against Zorlu Enerji Elektrik Uretim A.S (“Zorlu”), which holds 25% of Dorad, Zorlu’s current and past representatives on Dorad’s board of directors and Wood Group Gas Turbines Services Ltd. (“Wood Group”) and several of its affiliates, and thereafter amended to add Mr. Ori Edelsburg (a director in Dorad) and affiliated companies. The Petition requested, inter alia, that the court instruct the defendants to disclose and provide to Dorad documents and information relating to the contractual relationship between Zorlu and Wood Group, which included the transfer of funds from Wood Group to Zorlu in connection with the EPC agreement of the Dorad Power Plant. On December 27, 2016, this proceeding, as well as the petition to approve a derivative claim filed by Edelcom mentioned below, were moved to an arbitration proceeding. On February 23, 2017, a statement of claim was filed by Ellomay Luzon Energy and Mr. Hemi Raphael on behalf of Dorad against Zorlu, Mr. Edelsburg, Edelcom Ltd. (“Edelcom”) and Edeltech Holdings 2006 Ltd. (“Edeltech”) in which they repeated their claims included in the Petition and in which they required the arbitrator to obligate the defendants, jointly and severally, to pay an amount of $183,367,953 plus interest and linkage to Dorad. In April 2017, the defendants filed their statements of defense. Within the said statements of defense, Zorlu attached a third party notice against Dorad, Ellomay Luzon Energy and the Luzon Group, in the framework of which it repeated the claims on which its defense statement was based and claimed, among other claims, that if the plaintiffs’ claim against Zorlu was accepted and would negate Zorlu’s right receive compensation and profit from its agreement with Dorad and therefore Zorlu should be compensated in the amount of approximately NIS 906.4 million (approximately €218 million based on the then existing exchange rate). Similarly, also within their statement of defense, Edelcom, Mr. Edelsburg and Edeltech (together, the “Edelsburg Group”) filed a third-party notice against Ellomay Luzon Energy claiming for breaches by Ellomay Luzon Energy of the duty to act in good faith in contract negotiations and that any amount ruled will constitute unlawful enrichment. On October 1, 2017, Eilat Ashkelon Infrastructure Services Ltd. (“EAIS”), which holds 37.5% of Dorad’s shares, filed a statement of claim in the arbitration proceedings. In its statement of claim, EAIS joins Ellomay Luzon Energy’s and Mr. Raphael’s request as set forth in the statement of claim filed by them in the arbitration proceeding and raises claims that are similar to the claims raised by Ellomay Luzon Energy and Mr. Raphael. In January 2018, the arbitrator provided its ruling that the legal validity of the actions or inactions of board members of Dorad will be attributed to the entities that are shareholders of Dorad on whose behalf the relevant board member acted and the legal determinations, if any, will be directed only towards the shareholders of Dorad. During January 2018, Mr. Edelsburg, Edelcom and Zorlu filed their statement of defense in connection with the claim filed by EAIS and also filed third party notices against EAIS, Ellomay Luzon Energy and the Luzon Group claiming that EAIS and the Luzon Group enriched themselves at Dorad’s account without providing disclosure to the other shareholders and requesting that, should the position of Ellomay Luzon Energy and EAIS be accepted in the main proceeding, the arbitrator, among other things, obligate EAIS to refund to Doard all of the rent paid to date and determine that Dorad is not required to pay any rent in the future or determine that the rent fees be reduced to their market value and refund Dorad the excess amounts paid by it to EAIS, determine that the board members that represent EAIS and Ellomay Luzon Energy breached their fiduciary duties towards Dorad and obligate EAIS and Ellomay Luzon Energy to pay the amount of $140 million (approximately €127 million), plus interest in the amount of $43 million (approximately €39 million), which is the amount Zorlu received for the sale of its rights under the Dorad EPC agreement, and rule that in connection with the engineering and construction works performed by the Luzon Group, the Luzon Group and Ellomay Luzon Energy are required to refund to Dorad or compensate the defendants in an amount of $24 million (approximately €22 million), plus interest and linkage and, alternatively, determine that Mr. Edelsburg, Edelcom and Zorlu are entitled to indemnification from the third parties for the entire amount they will be required to pay. On February 15, 2021, the arbitrator approved replacing the late Mr. Hemi Raphael as the claimant with Mr. Ran Fridrich. On June 28, 2023, the arbitration award was provided. For more information see below under “Arbitration Award.” Petition to Approve a Derivative Claim filed by Edelcom On July 25, 2016, Edelcom, which holds 18.75% of Dorad, filed a petition for approval of a derivative action on behalf of Dorad (the “Edelcom Petition”) against Ellomay Energy LP, Luzon Group, Ellomay Luzon Energy and Dorad following a letter delivered to Dorad on February 25, 2016. The Edelcom Petition refers to an entrepreneurship agreement that was signed on November 25, 2010, between Dorad and the Luzon Group, pursuant to which the Luzon Group received payment in the amount of approximately NIS 49.4 million (approximately €11.9 million) in consideration for management and entrepreneurship services. Pursuant to this agreement, the Luzon Group undertook to continue holding, directly or indirectly, at least 10% of Dorad’s share capital for a period of 12 months from the date the Dorad Power Plant is handed over to Dorad by the construction contractor. The Edelcom Petition claims that as a consequence of the management rights and the options to acquire additional shares of Ellomay Luzon Energy granted to the Company pursuant to the Investment Agreement, the holdings of the Luzon Group in Dorad have fallen below 10% upon execution of the Luzon Investment Agreement. The Edelcom Petition therefore claims that Luzon Group breached its commitment according to entrepreneurship agreement and requests that a derivative action be approved to recover an amount of NIS 49.4 million, plus linkage and interest from the defendants. As noted above, on December 27, 2016, this proceeding, along with the proceeding mentioned above and below, was moved to arbitration. Arbitration Award On June 28, 2023, an arbitration award was issued in connection with the arbitration proceeding as follows: ● Petition to Approve a Derivative Claim filed by Ellomay Luzon Energy and Hemi Raphael ● Third-Party Notices and Counterclaims submitted by Zorlu and Edelcom ● Petition to Approve a Derivative Claim filed by Edelcom In November 2023, appeals were submitted by the plaintiffs and the defendants against the arbitration award. In their appeal, the defendants claimed, inter alia, that the arbitrator was mistaken in his arbitration award decisions and requested alternative rulings either accepting the appeal and cancelling the entire financial payment decision included in the arbitration award or a partial cancellation of the financial payment decision included in the arbitration award and a relative decrease of the interest and expenses obligation imposed on the defendants. In their appeal, the plaintiffs appealed the financial payment decision and claimed that the amount ruled should have been higher and also appealed the interest rate determined with respect to the financial payment and the scope of expenses reimbursement. The parties filed responses to the appeals in February 2024 and the last date for submission of answers to the responses was scheduled for May 2024. A preliminary hearing is scheduled for May 30, 2024. As of the date hereof, based on the advice of legal counsel of Ellomay Luzon Energy, it is too early to estimate the outcome of the appeals. As Edelcom did not appeal the arbitrator’s decision with respect to the petition to approve a derivative claim filed by Edelcom in connection with the entrepreneurship fees, the arbitration award remains unchanged with respect to this petition and claim. Potential Expansion of the Dorad Power Plant (“Dorad 2”) Dorad is examining the possibility of constructing an additional power plant within the area of the existing Dorad Power Plant, that will become part of the existing plant. 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 raise the construction of another power plant to a government decision. The NIC’s decision includes conditions to the issuance of the building permit. On May 28, 2023, the Israeli Government approved the national infrastructures plan (NIP 11/b) which governs, among other issues, the expansion of the power plant owned by Doard by approximately 650 MW. On January 16, 2024, Dorad received a letter from Edelcom stating that Edelcom, as a shareholder of Dorad, objects to the proposal to expand the power plant. On February 19, 2024, Dorad received a planning survey to receive the expansion of the power plant from the System Manager, which allows electricity to be taken out commencing October 2028. In March 2024, Dorad filed a petition with the Israeli Supreme Court asking for the issuance of a building permit for the construction of the “Dorad 2” power plant. The expansion of the Dorad Power Plant by building the Dorad 2 facility in a combined cycle technology, will result in an aggregate capacity of the Dorad Power Plant of approximately 1,500 MW and the approved plan also enables adding batteries with a capacity of approximately 80 MW. The Company expects that if the Dorad 2 plan will materialize and the expansion will be completed, the expansion of the power plant will increase the revenues and income of Dorad. The expansion has not yet been approved and is subject to various conditions. Impact of War in Israel On October 7, 2023, following a surprise attack by the terrorist organization Hamas against the State of Israel and its citizens, the Israeli government declared a war (the “Iron Swords War”), which continues as of the date of this report, and which has also expanded into a security conflict in the northern region. During the days of fighting, thousands of rockets were launched towards the State of Israel, and shrapnel fell several times in the territory of the power plant, which caused immaterial damage to property and equipment but did not impact the regular operation of the power plant. Dorad estimates at this stage, that the current events and the security escalation in Israel have an impact on its results but that the impact on its short-term business results will be immaterial. Since this is an event that is not under the control of Dorad and matters such as the fighting continuing or stopping may affect the Dorad’s assessments, as at the reporting date Dorad is unable to assess the extent of the effect of the Iron Swords War on its business activities and on its medium and long-term results. Composition of the investment December 31 2023 2022 € in thousands Investment in shares 31,772 30,029 Long-term loans - 2,665 31,772 32,694 Current maturities - (2,665 ) Investment in equity accounted investee 31,772 30,029 Changes in investments 2023 2022 € in thousands Balance as at January 1 30,029 34,029 Long term loans extended - 128 Dividend distribution (374 ) - Repayment of long-term loans - (149 ) Reevaluation in connection with long term loans - (270 ) The Company’s share of income 4,012 1,206 Foreign currency translation adjustments (1,895 ) (2,250 ) Conversion to short term loan - (2,665 ) Balance as at December 31 31,772 30,029 Summary financial data for investees, not adjusted for the percentage ownership held by the Company (a) Summary information on financial position Equity Rate of Current Non- Total Current Non- Total attributable to the owners of the Company’s Surplus costs and Other Carrying amount of ownership assets assets assets liabilities liabilities liabilities Company share goodwill adjustments investment % € in thousands 2023 Ellomay Luzon Energy 50 309 62,735 63,044 (344 ) - (344 ) 62,700 31,350 1,388 (966 ) 31,772 2022 Ellomay Luzon Energy 50 72 63,722 63,794 (5,329 ) - (5,329 ) 58,464 29,232 1,927 (1,130 ) 30,029 (b) Summary information on operating results Rate of ownership as of December Income for the year Company’s share Elimination of interest on loan from related party Other adjustments Company’s share of income of investee % € in thousands 2023 Ellomay Luzon Energy 50 8,807 4,404 308 (392 ) 4,320 2022 Ellomay Luzon Energy 50 (61 ) (31 ) 1,475 (238 ) 1,206 B. Pumped Storage Projects Pumped-storage project in the Manara Cliff in Israel (“Manara PSP”) - Ellomay Pumped Storage (2014) Ltd. (“Ellomay PS”), in which the Company directly and indirectly owns 83.333% (with the remaining 16.667% held by Ampa Ltd. (“Ampa”)), received a conditional license for the Manara PSP from the Israeli Minister of Energy and Infrastructures (the “Minister”) for the construction of a pumped storage plant in the Manara Cliff with a capacity of 156 MW (the “Conditional License”). The Conditional License permits Ellomay PS to construct the Manara PSP and includes several conditions precedent to the entitlement of Ellomay PS to receive an electricity production license. The Company and its affiliates did not pay any consideration upon the acquisition of the rights in the Manara PSP and undertook to pay certain consideration upon the fulfillment of certain conditions and milestones. As of December 31, 2023, the Company paid an amount of approximately NIS 24,000 thousand (approximately €6,000 thousand) on account of the consideration upon the acquisition and may be required, if certain conditions and milestones are met (which conditions and milestones have not currently been met), to pay certain parties additional amounts (including interest), which in the aggregate are not expected to exceed an amount of approximately NIS 6,400 thousand (approximately €1,600 thousand). In February 2023, the trustees of the entity that sold the rights in the Manara PSP to the Company filed a petition with the Israeli court requesting the following: (1) payment of NIS 1,500 thousand (approximately €374 thousand) in connection with a claimed debt of a third party, and (2) payment of linkage and interest differences in an amount of approximately NIS 672 thousand (approximately €168 thousand) with respect to an amount that was already paid to the seller and to Electra, claiming that the payment was delayed due to disagreements between the seller and Electra and missing approvals. Based on the parties’ agreement, a mediation process is ongoing. In light of the preliminary stage of the proceedings and based on the advice of the Company’s legal counsel, it is too early to estimate the outcome of the mediation process and the legal proceedings. The Conditional License was originally valid for a period of seventy-two (72) months commencing from the date of its approval by the Minister, subject to compliance by Ellomay PS with the milestones set forth therein and subject to the other provisions set forth therein (including financial closing, provision of guarantees and construction of the pumped storage hydro power plant). According to applicable law, the 72 months validity period may be extended for additional periods of 12 months each if required and subject to the Minister’s approval at such time. Such extensions may result in forfeiture of the license guarantee which value currently amounts to approximately NIS 4,100 thousand (approximately €1,000 thousand). The guarantee amount is linked to the USD and is reduced over time upon fulfillment of certain interim project milestones. On December 31, 2020, Ellomay PS received the conditional tariff approval for the project from the Israeli Electricity Authority that regulates the tariffs and formulas for purchasing energy from a pumped storage manufacturer connected to the transmission network for a period of 20 years beginning on the date of receipt of the permanent production license. The conditional tariff became effective following financial closing in February 2021. Manara PSP Project Finance 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 of the date of the financial closing, the Manara PSP Project Finance was in the aggregate amount of approximately NIS 1.27 billion (approximately €0.317 billion). This aggregate amount is linked to a synthetic composite index comprising a weighted average of the indices and currencies applicable to the Manara PSP’s construction costs (the “Project Index”). As of December 31, 2023, the Manara PSP Project Finance (including reevaluation linkage to the Project Index) amounts to approximately NIS 1.4 billion (approximately €0.349 billion). The owners of Ellomay PS undertook to provide, and provided, aggregate equity and shareholder’s loans financing to the project of NIS 353 million (approximately €94.1 million), pro rata to their holdings in the Manara PSP, linked to the Project Index. Due to this indexation, additional shareholders’ loans were provided by the shareholders pro rata to their respective holdings in Manara PSP. In March 2022 and March 2023, such additional amounts were approximately NIS 11.5 million (approximately €3.2 million) and approximately NIS 17.5 million (approximately €4.7 million), respectively. An additional amount of approximately NIS 10 million (approximately €2.5 million) was provided following the balance sheet date, on March 2024. As of December 31, 2023, the financing provided by the owners of Manara PSP (not including the aforementioned indexation payment in March 2024) amounted to approximately NIS 382,000 thousand (approximately €95,000 thousand). Ellomay and Ampa Investments Ltd. (“Ampa”), which indirectly owns 16.667% of Ellomay PS, provided certain sponsor support undertakings towards the lenders commensurate with the size and complexity of the project and the length of the construction period, including a standby equity guarantee in the aggregate amount of approximately NIS 12,500 thousand (approximately €3,331 thousand), pro rata to their holdings in the Manara PSP. This standby equity guarantee is linked to the Israeli CPI and adjusted to the Project Index. As of December 31, 2023, the standby equity guarantee, including linkage, amounts to NIS 13,475 thousand (approximately €3,400 thousand). Ellomay and Ampa also provided corporate guarantees in an amount similar to the amount of the standby equity guarantee. In August 2021, the Israeli Electricity Authority issued a clarification letter relating to the method of calculation of certain dynamic benefits applicable to all pumped storage projects in Israel. The owners of the Manara PSP currently estimate that if the updates to the method of calculation will be implemented, the new calculation may reduce the cover ratios of the Manara PSP during the commercial operation period by up to 5 basis points. In order to mitigate such potential future effect, the owners of the Manara PSP agreed to provide the lenders with certain undertakings to inject additional equity to the Manara PSP in certain scenarios, subject to a cap which is currently estimated by the owners of the Manara PSP to be approximately NIS 46,000 thousand (approximately €11,500 thousand). Manara PSP EPC Agreement In February 2021, Ellomay PS executed the EPC agreement for the construction of the Manara PSP (the “Manara PSP EPC Agreement”), under a “turnkey” contract with Electra Infrastructure Ltd. (“Electra Infrastructure”), one of Israel’s largest construction companies. The aggregate consideration payable to Electra Infrastructure under the Manara PSP EPC Agreement is expected to be approximately NIS 1.13 billion excluding indexation (approximately €280 million). The majority of this amount is linked to the actual change in the Israel Residential Construction Index (“IRC”). A small portion of the price is denominated in Euros. Under the Manara PSP EPC Agreement, Voith Hydro, the world’s leading manufacturer of hydroelectric turbines, was nominated as the main subcontractor that will provide the electro-mechanical equipment to the Manara PSP. Manara PSP O&M Agreement Simultaneously with the execution of the Manara PSP EPC Agreement, Ellomay PS also executed an O&M agreement (the “Manara PSP O&M Agreement”), with Mekorot Israel National Water Co. (“Mekorot”), the Israeli national water company (which is fully owned by the Israeli Government), Voith Hydro and Verbund Hydro, one of the largest hydroelectric companies in Europe with extensive expertise in the operation of hydroelectric power plants (collectively, the “Manara PSP O&M Contractors”). The Manara PSP O&M Agreement provides that the Manara PSP O&M Contractors will be involved in the construction process through a mobilization period of 48 months and that O&M services will be provided for a twenty-year period, during which Mekorot, Voith Hydro and Verbund will provide O&M services for the initial three years of commercial operation, and Mekorot providing O&M services exclusively for the remaining 17 year period. Notice to commence the construction works was issued to Electra Infrastructure in April 2021. The Construction period of the Manara PSP was originally expected to be 62.5 months. Impact of War in Israel Due to the Iron Swords War, which has also expanded into a security conflict in the northern region, operations construction works at the Manara site were halted. The planning works, the construction of the equipment off site, including the electro-mechanical equipment and the arrival of the equipment in Israel continue as usual. The Electricity Authority granted a ten-month extension to the regulatory milestones and the duration of the general license. As part of the standards supporting financing, there is protection for the senior debt (principal and interest) and the developer’s expenses, subject to the approval of the Electricity Authority on the subject. At this stage the company cannot quantify the impact on the timing of the construction of the project. The Company cannot predict at this stage the duration and scope of the Iron Swords War or its effect on the Company. C. Development of PV Projects in Italy Framework Agreement In December 2019, Ellomay Luxembourg executed a Framework Agreement (the “Framework Agreement”), with an established and experienced European developer. Pursuant to the Framework Agreement, the developer will provide Ellomay Luxembourg with development services with respect to photovoltaic greenfield projects in Italy in the scope of 350 MW with the aim of reaching an aggregate Ready to Build (“RtB”) authorized capacity of at least 265 MW over a forty-one month period. The Framework Agreement provides that the developer will offer all projects identified during the term of the Framework Agreement exclusively to Ellomay Luxembourg and that, with respect to each project acquired by Ellomay Luxembourg, the developer will be entitled to provide development services until it reaches the RtB status. The parties agreed on a development budget including a monthly development service consideration, to be paid to the developer and all other payments for the tasks required to bring the projects to a RtB. In addition, Ellomay Luxembourg undertook to pay a success fee to the developer with respect to each project that achieves a RtB status. Currently development is progressing as planned. In April 2021, the Framework Agreement was amended and the target of reaching an aggregate RtB authorized capacity of at least 265 MW was increased to 365 MW. In May 2023, a notice to proceed was issued to the EPC contractor with respect to the first two projects, Ellomay Solar Italy One SRL (14.8 MW) and Ellomay Solar Italy Two SRL (4.95 MW), located in the , Italy. The PV Plant owned by Ellomay Solar Italy Two SRL was connected to the grid in February 2024 and the PV Plant owned by Ellomay Solar Italy One is expected to be connected to the grid during the second quarter of 2024. Several other projects, held by the Company’s wholly-owned subsidiaries, Ellomay Solar Italy Four SRL (15.06 MW), Ellomay Solar Italy Five SRL (87.2 MW), Ellomay Solar Italy Seven SRL (54.77 MW), Ellomay Solar Italy Nine SRL (8 MW ) and Ellomay Solar Italy Ten SRL (18 MW), which are developing PV plants in the Lazio Region, Italy, have reached RtB status. The Company capitalizes expenses in connection with such projects once RtB status is reached. In November 2019, Ellomay Luxembourg executed a Framework Agreement with a developer with the aim of reaching an aggregate authorized capacity of at least 250 MW over a three-year period. In connection with the execution of this agreement, during 2020 Ellomay Luxembourg paid the developer advance payments in the aggregate amount of approximately €1,554 thousand. As the target aggregate capacity was not achieved, in August 2023 the advance payment including interest in the aggregate amount of €1,921 thousand was refunded. Composition of Advances on account of investments December 31 2023 2022 € in thousands On account of development of PV projects in Italy 898 2,328 D. Subsidiaries - 1. Biogas Plants in the Netherlands The Company owns three Waste-to-Energy (specifically Gasification and Bio-Gas (anaerobic digestion)) projects in the Netherlands. Groen Goor Anaerobic Digestion Project- Groen Gas Goor B.V. (“Groen Goor”), a project company operating an anaerobic digestion plant, with a green gas production capacity of approximately 375 Nm3/h, in Goor, the Netherlands (the “Groen Goor Plant”). The Groen Goor Plant commenced operations in November 2017. Groen Gas Oude-Tonge Anaerobic Digestion Project- Groen Gas Oude-Tonge B.V. (“Groen Gas Oude-Tonge”) a project company operating an anaerobic digestion plant, with a green gas production capacity of approximately 475 Nm3/h, in Oude-Tonge, the Netherlands (the “Oude-Tonge Plant”). The Oude-Tonge Plant commenced operations in June 2018. Groen Gas Gelderland Anaerobic Digestion Project - On December 1, 2020, the Company, through its wholly-owned subsidiary, Ellomay Luxembourg, acquired all issued and outstanding shares of Groen Gas Gelderland B.V. (“. (“GG Gelderland”) a project company operating an anaerobic digestion plant, with a green gas production capacity of approximately 7.5 million Nm3 per year, in Gelderland, the Netherlands The actual production capacity of the plant is approximately 9.5 million Nm3 per year. Assessment of recoverable amount During 2023, the Company assessed the recoverable amount of its Biogas plants in the Netherlands in light of operating losses suffered by these projects in recent years and lower results than forecasted for 2023. The examination was conducted based on the net consideration (net of expected estimated indemnification) included in a binding offer received for the sale of the Biogas plants. The examination concluded that the fair value (net of transaction costs) of each of the plants is higher than the carrying value of such plant and therefore there is no need for an impairment provision. 2. PV Projects in Spain The Talasol PV Plant The Company indirectly owns 51% of the share capital of Talasol Solar S.L.U (“Talasol”), which owns a photovoltaic plant with a peak capacity of 300 MW in the municipality of Talaván, Cáceres, Spain. The purchase price originally paid by the Company during 2017 for 100% of Talasol’s shares was €10 million. The construction cost of the Talasol PV Plant based on the engineering, p

Trade and Other Receivables

Trade and Other Receivables	12 Months Ended
	Dec. 31, 2023
Trade and Other Receivables [Abstract]
Trade and Other Receivables	Note 7 - Trade and Other Receivables December 31 2023 2022 € in thousands Current Assets - Trade and Other receivables: Government authorities 4,851 3,752 Income receivable 1,013 1,062 Interest receivable 221 125 Advance tax payment 1,028 566 Trade receivable 205 420 Inventory 1,170 1,201 Derivatives (see Note 21) 275 273 Loan to others 1,246 - Prepaid expenses and other 1,983 2,033 Current maturities of loans given to an equity accounted investee - 2,665 11,992 12,097 Non-current Assets - Long term receivables: Prepaid expenses associated with long-term loans 9,265 8,417 Annual rent deposits 656 290 Loans to others 509 546 Other 16 17 10,446 9,270

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2023
Fixed Assets [Abstract]
Fixed assets	Note 8 - Fixed Assets Office Photovoltaic Pumped Biogas furniture and plants storage plants equipment Total € in thousands Cost Balance as at January 1, 2023 266,062 102,472 36,355 224 405,113 Additions 19,762 42,178 1,792 27 63,759 Transfer to disposal groups held for sale - - - (18 ) (18 ) Effect of changes in exchange rates (108 ) (6,019 ) - - (6,127 ) Balance as at December 31, 2023 285,716 138,631 38,147 233 462,727 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 year 12,736 - 2,644 25 15,405 Transfer to disposal groups held for sale - - - (18 ) (18 ) Effect of changes in exchange rates - - - 1 1 Balance as at December 31, 2023 42,266 - 12,296 183 54,745 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 January 1, 2022 233,730 78,892 28,240 35 340,897 As at December 31, 2022 236,532 102,472 26,703 49 365,756 As at December 31, 2023 243,450 138,631 25,851 50 407,982 Investment in Photovoltaic Plants Presented hereunder are data regarding the Company’s investments in photovoltaic plants as at December 31, 2023: PV Plant Title Original nominal Connection to grid/Other Cost included in book value as at December 31, 2023 € in thousands “Ellomay Spain – Rinconada II” 2.275 MWP June 2010 5,509 “Rodríguez I” 1.675 MWP November 2011 3,662 “Rodríguez II” 2.691 MWP November 2011 6,631 “Fuente Librilla” 1.248 MWP June 2011 3,212 “Talasol” 300 MWP January 2021 220,061 “Ellomay Solar” 28 MWP July 2022 18,074 “Solar Italy One” 14.8 MWP Under construction 12,056 “Solar Italy Two” 4.95 MWP Under construction 4,069 “Solar Italy Four” 15.6 MWP Ready to Build status 553 “Solar Italy Five” 87.2 MWP Ready to Build status 4,535 “Solar Italy Seven” 54.77 MWP Ready to Build status 1,852 “Solar Italy Nine” 8 MWP Ready to Build status 464 “Solar Italy Ten” 18 MWP Ready to Build status 1,071 “Fairfield Solar” 13.44 MWP Ready to Build status 1,100 “Mexia Solar I” 5.6 MWP Ready to Build status 808 “Mexia Solar II” 5.6 MWP Ready to Build status 341 “Malakoff Solar I” 6.96 MWP Ready to Build status 578 “Malakoff Solar II” 6.96 MWP Ready to Build status 351 “Talco Solar” 10.3 MWP Ready to Build status 789 The Company commences capitalization of expenses when it is probable that the Company will enjoy future economic benefits from the projects. The Company commenced capitalization of expenses from the aforementioned projects that have reached Ready to Build status as follows: In Texas USA Fairfield Solar LLC Project In Italy SRL SRL Investment in Pumped Storage Project Commencing the fourth quarter of 2020, as it is probable that the Company will enjoy future economic benefits in connection with the Manara PSP (see Note 6B), expenses in connection with the Manara PSP are capitalized as assets. Security As of December 31, 2023 fixed assets of the Company’s subsidiaries with a carrying amount of €339,821 thousand are pledged as security for bank loans (see Note 11 regarding loans and borrowings with respect to terms and repayment dates). Capitalized borrowing costs In the reporting period borrowing costs in the amount of €6,996 thousand were capitalized to qualifying assets for the year 2023. Those expenses are mostly related to the construction of the Manara PSP.

Other Payables

Other Payables	12 Months Ended
	Dec. 31, 2023
Other Payables [Abstract]
Other Payables	Note 9 - Other Payables December 31 2023 2022 € in thousands Employees and payroll accruals 497 358 Government authorities 1,602 1,426 Deferred revenues 1,058 1,794 Accrued expenses connected to Manara PSP 5,976 6,392 Other accrued expenses 1,587 853 Taxes on income 139 384 10,859 11,207

Current maturities and short te

Current maturities and short term bank loans	12 Months Ended
	Dec. 31, 2023
Current Maturities and Short Term Bank Loans [Abstract]
Current maturities and short term bank loans	Note 10 - Current maturities and short term bank loans Composed as follows: Linkage Interest rate December 31 December 31 terms 2022 and 2023 2023 2022 % € in thousands Current maturities of long term bank loans (refer to Note 11) EURIBOR 2 - 6 3,022 3,261 - 2.58 – 3.03 6,762 7,463 Consumer price index in Israel 4.65 - 2,091 9,784 12,815 Linkage Interest rate December 31 December 31 terms 2022 and 2023 2023 2022 % € in thousands Current maturities of other long term loans (1) EURIBOR 5.27-9.2 5,000 10,000 (1) Loans provided by the minority (49%) holders in Talasol.

Loans

Loans	12 Months Ended
	Dec. 31, 2023
Loans [Abstract]
Loans	Note 11 - Loans A. Loans details Composed as follows: Linkage Interest rate December 31 December 31 terms 2022 and 2023 2023 2022 Bank loans % € in thousands EURIBOR 2 - 6 21,132 23,918 - 2.58 - 3.03 156,748 164,212 Bank of Israel interest rate 4.35 - 9.1 5,509 2,986 Consumer price index in Israel 2.75 - 4.78 64,176 51,165 247,565 242,281 Current maturities 9,784 12,815 Long-term loans 237,781 229,466 Linkage Interest rate December 31 December 31 terms 2022 and 2023 2023 2022 Other long-term loans % € in thousands EURIBOR (1) 5.27-9.2 25,055 23,247 Consumer price index in Israel 7 5,806 4,857 Fixed 5 - 5.5 3,512 3,478 34,373 31,582 Current maturities 5,000 10,000 Other long-term loans 29,373 21,582 (1) Loans provided by the minority (49%) holders in Talasol. Israel - Ellomay PS Loans 1. The Company’s 83.333% owned Israeli subsidiary promoting the Manara PSP, Ellomay PS, entered into a loan agreement with Ampa, the owner of the remaining 16.667% of its outstanding shares. The unpaid balance (principal and interest) of the loan is split into 2 separate loans, an interest-bearing loan at an annual rate of 7% linked to the consumer price index (senior international debt), and a mezzanine loan (an internationally inferior debt) bearing an annual interest rate of 5%. The maturity date of this loan starts from December 31, 2027. As of December 31, 2023, the amount of the loan is NIS 33,910 thousand (€8,452 thousand). 2. On February 11, 2021, the Manara PSP Project Finance achieved financial closing. The Manara PSP Project Finance facilities are provided by a consortium of Israeli banks and institutional investors, arranged and led by Mizrahi-Tefahot Bank Ltd. The Manara PSP Project Finance long-term facilities were originally in the aggregate amount of approximately NIS 1.27 billion (approximately €338 million). This aggregate amount represents the real (non-indexed) value of the Long-Term Facilities as of the date of financial closing. Such amount, as well as the standby facilities, is linked to a synthetic composite index comprising a weighted average of the indices and currencies applicable to the Manara PSP’s construction costs (the “Project Index”), on an annual basis during the first 4 years of construction, and thereafter semi-annually until construction end. As a result of the linkage to the Project Index, the long-term facilities amount increased in March 2022 and March 2023 by approximately NIS 40 million (approximately €10.6 million) and approximately NIS 63 million (approximately €16.8 million), respectively. The Manara PSP Project Finance facilities includes two Long-Term Facilities: (i) a Senior Secured A Tranche at a fixed rate of interest for each drawdown, with base interest rate equal to the yield to maturity of Israeli treasury bonds with like duration of the drawn loan, plus a spread of 3.25% per-annum during the Construction Period of the Project and a spread of 2.40% per-annum from the Actual Completion Construction Date. The Senior Secured Tranche is linked to the Israeli Consumer Price Index and is to be repaid over a period of 19.5 years from the commercial operation date; and (ii) a Subordinated Secured B Tranche at a floating rate of interest, with the base interest being the Bank of Israel rate, plus a spread of 4.35% per-annum during the construction period and a spread of 3.90% per-annum from the Actual Completion Construction Date. The stated maturity of the Tranche B loan is one year less than the maturity of the Senior Secured Loan with a cash sweep mechanism that shortens its maturity to approximately 12 years from the commercial operation date under the Base Case Financial Model and the Manara PSP Project Finance also includes standby facilities (Tranche A and Tranche B). The Manara PSP Project Finance includes customary terms in connection with early prepayment, acceleration of payments upon certain breaches and limitations on distributions. The Manara PSP Project Finance also includes ancillary facilities VAT, Guarantees and Debt Service Reserve facilities in an aggregate amount of approximately NIS 64 million (approximately €17.1 million). The Manara PSP Project Finance includes mandatory cash sweeps upon certain cover ratio and other events with respect to the Senior Secured Tranche, cash sweep payments in connection with the Subordinated Secured Tranche as mentioned above and other lender protection mechanisms. In addition, the Manara PSP Project Finance agreement permits the owners of the Manara PSP to drawdown a developers’ fee on the Actual Completion Construction Date (as such term is defined in the Manara PSP Project loan agreements) of the Manara PSP, subject to availability of funding in the Standby Facility at the time and provided the Average ADSCR at the time is not less than a ratio of 1.28. Ellomay and Ampa provided certain sponsor support undertakings towards the lenders commensurate with the size and complexity of the project and the length of the construction period, including a standby equity guarantee in the aggregate amount of approximately NIS 12.5 million (approximately €3.3 million), pro rata to their holdings in the Manara PSP. This standby equity guarantee is linked monthly to the Israeli CPI and adjusted (if applicable) in the same manner and timing as the Long-Term Facilities, as described above. As of December 31, 2023 a total aggregate amount of NIS 245,656 (€65,452 thousand) was drawn down under the Manara PSP Project Finance from the Senior Secured Tranche (interest rate range between 2.75%-4.78% linked to the Israeli Consumer Price Index) and a total aggregate amount of NIS 20,875 (€5,527 thousand) was drawn from the Subordinated Secured B Tranche (floating interest rate based on the Bank of Israel Rate – 9.1% as of December 31, 2023). The Netherland - Bio Gas - Loans 1. Groen Goor 2. Groen Gas Oude-Tonge In connection with the Goor Loan Agreement and the Oude Tonge Loan Agreement Ellomay Luxembourg, the Company’s wholly-owned subsidiary: (i) provided the following undertakings to Rabobank: (a) that Groen Goor and Groen Gas Oude Tonge, as applicable, will not make distributions to its shareholders for a period of two years following the execution of the Loan Agreement, (b) that Groen Goor will not make distributions or repurchase its shares so long as the equity (including owners loans) to total assets ratio of Groen Goor is less than 40%, (c) that in the event the equity (including owners loans) to total assets ratio of Groen Goor and Groen Gas Oude Tonge will be below 40%, its shareholders will invest the equity required in order to increase this ratio to 40%, pro rata to their holdings in Groen Goor and Groen Gas Oude Tonge, as applicable, and up to a maximum of €1.2 million, and (d) that they will provide the equity required for the completion of the Goor Project (ii) provided pledges on their respective rights in connection with the shareholders loans which each provided to Groen Goor and Groen Gas Oude Tonge, which loans shall also be subordinated by Ellomay Luxembourg in the favor of Rabobank. In addition, the Company provided a guarantee to Rabobank for the fulfillment of Ellomay Luxembourg’s undertakings set forth above. 3. GG Gelderland In connection with the Gelderland Loan Agreement, the following securities were provided to Rabobank: (i) pledge on the present and future rights arising from the feedstock purchase agreement, the EPC agreement, the O&M agreement, the SDE subsidy, the various power and green gas purchase agreements, and the green gas certification supply agreement, (ii) pledge on all present and future (a) receivables arising from business and trade, and (b) stock and inventory including machinery and transport vehicles of GG Gelderland, and (iii) all rights/claims of GG Gelderland against third parties existing at the time of the execution of the Gelderland Loan Agreement, including rights from insurance agreements. In connection with the Gelderland Loan Agreement, Ellomay Luxembourg, the Company wholly-owned subsidiary, provided the undertaking to Rabobank that Ellomay Luxembourg will not sell the shares of GG Gelderland without the prior written consent of Rabobank. 4. GG Gelderland Spain - Loans On March 12, 2019, four of the Company’s Spanish subsidiaries (together, the “Subsidiaries”) entered into a €18.4 million project finance Facility Agreement (the “Facility Agreement”). The €18.4 million principal amount is divided into: (i) four term loan facilities, one for each Subsidiary, in the aggregate amount of €17.6 million with terms ending in December 2037, and (ii) a revolving credit facility to attend the debt service if needed, for a maximum amount of euro 0.8 million granted to any of the Subsidiaries. The loans provided under the Facility Agreement bear an annual interest at the rate of Euribor 6 months plus a margin of 2% (with a zero interest floor) and repaid semi-annually on June 20 and December 20. The principal is repaid on a semi-annual basis based on a pre-determined sculptured repayment schedule. The Facility Agreement provides for mandatory prepayment upon the occurrence of certain events and includes various customary representations, warranties and covenants, including covenants to maintain a DSCR on an aggregate basis not lower than 1.05:1, and not to make distributions unless, among other things: (i) the DSCR, on an aggregate basis, is equal to or higher than 1.15:1.0, (ii) the first instalment of the Project Finance has been repaid, (iii) no amount under the revolving credit tranche has been withdrawn and not fully repaid and no drawdowns of the revolving credit tranche are expected within the next six months, and (iv) the Subsidiaries’ net debt to regulatory value (as such terms are defined in the Facility Agreement) ratio is equal to or higher than 0.7:1. The regulatory value of the PV Plants owned by the Subsidiaries is approximately €23.5 million, compared to their aggregate nominal purchase price, which was approximately €14.85 million and their aggregate book value, which was approximately €14.6 million as of September 30, 2018. The Facility Agreements includes a cash-sweep payment mechanism and obligation that applies in the event the Subsidiaries’ net debt to regulatory value ratio is equal to or higher than 0.7:1. As of December 31, 2023, the financial covenants were met. On March 12, 2019, the Subsidiaries entered into swap agreements with respect to approximately €17.6 million (with a decreasing notional principal amount based on the amortization table) until December 2037, replacing the Euribor 6 month rate with a fixed 6 month rate of approximately 1%, resulting in a fixed annual interest rate of approximately 3%. Such swap transactions qualify for hedge accounting. See Note 21 E regarding the effect of the expected transition away from Libor and Euribor. The documents ancillary to the Facility Agreements require that security interests be provided in connection with the following: (i) the Subsidiaries’ shares (held by Ellomay Luxembourg(, (ii) pledges over accounts, (iii) pledges over relevant agreements including hedging agreements; and (iv) promissory equipment mortgage. Talasol - Loans 1. In December 2021, Talasol entered into financing agreement (the “Talasol Facilities Agreement”). Financial closing of the Talasol Facilities Agreement was achieved in January 2022. The Talasol 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 at a weighted average of approximately 3% repayment are made on a semi-annual basis, in June and December. The agreements executed in connection with the Talasol Financing provide for mandatory prepayment upon the occurrence of certain events and various customary representations, warranties, and covenants, including covenants to maintain a Historic and Forecast DSCR equal to at least 1.05x. Moreover, Talasol undertook not to make distributions in the event that: (i) the Historic and Forecast DSCR will be lower than 1.10x until the expiration date of the Talasol PPA and equal to at least 1.25x thereafter and (ii) the Loan Life Cover Ratio will be lower than 1.30x from the expiration date of the Talasol PPA and until maturity. The Talasol Facilities Agreement requires that security interests be provided in connection with the following: (i) Talasol’s shares (held by Ellomay Luxembourg and the other shareholders of Talasol), (ii) pledges over credit rights under certain accounts, (iii) pledges over credit rights under certain Talasol PV Plant’s documents, (iv) pledges over credit rights under the shareholders loans, (v) security assignment of receivables in connection with the Talasol PPA, (vi) promissory equipment mortgage and (vii) mortgage on all solar modules and power inverters comprised in the project. 2. On April 30, 2019, following the closing of Talasol PV Plant and sale of 49% holdings of the Talasol Project, Talasol entered into a loan agreement with GSE 3 UK Limited and Fond-ICO Infraestructuras II, FICC (the minority shareholders of Talasol, each of whom owns 24.5% of Talasol). The unpaid balance (principal and interest) of the loan will bear interest of Euribor 6 mount plus 5.27%. The maturity date of this loan is December 31, 2037. As of December 31, 2023, the amount of the loan is €25,055 thousand. B. The aggregate annual maturities are as follows: December 31 December 31 2023 2022 € in thousands Second year 14,049 13,811 Third year 13,668 15,952 Fourth year 15,828 14,759 Fifth year 24,462 16,026 Sixth year and thereafter 199,147 190,500 Long-term loans 267,154 251,048 Current maturities 14,308 22,187 Short-term loans 476 628 281,938 273,863 C. In order to minimize the interest-rate risk resulting from liabilities to banks and financing institutions linked to the Euribor, the Company executed swap transactions. For more information, see Note 21. D. Movement in liabilities deriving from financing activities Liabilities Loans and Note borrowings Debentures Total € in thousands Balance as at January 1, 2023 273,863 110,428 384,291 Changes from financing activities Proceeds from issue of debentures - 55,808 55,808 Repayment of debentures 12 - (17,763 ) (17,763 ) Receipt of loans 32,157 - 32,157 Repayment of loans (12,736 ) - (12,736 ) Accrued interest 4,284 - 4,284 Linkage 1,849 - 1,849 Transaction costs related to borrowings (686 ) 446 (240 ) Transfer to disposal groups held for sale (13,047 ) - (13,047 ) Total net financing liabilities 285,684 148,919 434,603 Effect of changes in foreign exchange rates (3,746 ) (8,832 ) (12,578 ) Balance as at December 31, 2023 281,938 140,087 422,025 Liabilities Loans and Note borrowings Debentures Total € in thousands Balance as at January 1, 2022 218,895 137,299 356,194 Changes from financing activities Repayment of debentures 12 - (19,764 ) (19,764 ) Receipt of loans 215,170 - 215,170 Repayment of loans (153,751 ) - (153,751 ) Accrued interest 2,488 - 2,488 Linkage 2,029 - 2,029 Transaction costs related to borrowings (3,861 ) 779 (3,082 ) Issuance of capital note to non-controlling interest (3,958 ) - (3,958 ) Total net financing liabilities 277,012 118,314 395,326 Effect of changes in foreign exchange rates (3,149 ) (7,886 ) (11,035 ) Balance as at December 31, 2022 273,863 110,428 384,291

Debentures

Debentures	12 Months Ended
	Dec. 31, 2023
Debentures [Abstract]
Debentures	Note 12 - Debentures A. Composed as follows: December 31, 2023 December 31, 2022 Face value Carrying Face value Carrying € in thousands € in thousands Debentures 141,689 140,087 111,911 110,428 Less current maturities 35,698 35,200 19,078 18,714 Total long-term debentures 105,991 104,887 92,833 91,714 B. Debentures – Details Series C Debentures On July 25, 2019, the Company issued Series C Debentures due June 30, 2025 in a public offering in Israel in the aggregate principal amount of NIS 89,065 thousand (approximately €22,690 thousand based on the Euro/NIS exchange rate at that time). The gross proceeds of the offering were NIS 89,065 thousand and the net proceeds of the offering, net of related expenses such as consultancy fee and commissions, were approximately NIS 87,600 thousand (approximately €22,317 thousand based on the Euro/NIS exchange rate at that time). On October 26, 2020, the Company completed a public offering in Israel of additional Series C Debenture and a of Series 1 Options (see Note 16A). The Company issued an aggregate principal amount of NIS 154,000 thousand (approximately €38,500 thousand based on the Euro/NIS exchange rate at that time) of Series C Debentures and 385,000 Series 1 Options. The gross proceeds from the offering were NIS 164,200 thousand (approximately €41,100 thousand based on the Euro/NIS exchange rate at that time) and the net proceeds of the offering, net of related expenses such as consultancy fee and commissions, were approximately NIS 162,400 thousand (approximately €40,300 thousand based on the Euro/NIS exchange rate at that time). On February 23, 2021, the Company issued additional Series C Debentures in a public offering in Israel in an aggregate principal amount of NIS 100,939 thousand (approximately €25,442 thousand based on the Euro/NIS exchange rate at that time). The gross proceeds from the offering were NIS 102,400 thousand and the net proceeds of the offering, net of related expenses such as consultancy fee and commissions, were approximately NIS 101,500 thousand (approximately €25,534 thousand based on the Euro/NIS exchange rate at that time). In October 2021, the Company issued additional Series C Debentures in an aggregate principal amount of NIS 120,000 thousand (approximately €32,100 thousand based on the Euro/NIS exchange rate at that time) to Israeli classified investors in a private placement for an aggregate gross consideration of approximately NIS 121,600 thousand (approximately €32,529 thousand based on the Euro/NIS exchange rate at that time), reflecting a price of NIS 1.0135 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 qualify for hedge accounting. On August 17, 2022, the currency swap was realized at an exercise price of €3,800 thousand. The principal amount of Series C Debentures is repayable in five (5) unequal annual installments as follows: on June 30, 2021 10% of the principal shall be paid, on June 30 of each of the years 2022 and 2023, 15% of the principal shall be paid and on June 30 of each of the years 2024 and 2025, 30% of the principal shall be paid. The Series C Debentures originally bore a fixed interest at the rate of 3.3% per year (that is not linked to the Israeli CPI or otherwise), payable semi-annually on June 30 and December 31 commencing December 31, 2019 through June 30, 2025 (inclusive). On June 6, 2022, the holders of 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. The Series C 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% for the period in which the Company do not meet each standard and up to an annual increase of 0.5%. The Series C 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 us to expand the Series C Debentures provided that: (i) the Company is not in default of any of the immediate repayment provisions included in the Series C Deed of Trust or in breach of any of the Company’s material obligations to the holders of the Series C Debentures pursuant to the terms of the Series C Deed of Trust, (ii) the expansion will not harm the Company’s compliance with the financial covenants included in the distribution undertaking Series C Deed of Trust and (iii) to the extent the Series C Debentures are rated at the time of the expansion, the expansion will not harm the rating of the existing Series C Debentures. The Series C Deed of Trust includes a number of customary causes for immediate repayment, including a default with certain financial covenants for two consecutive financial quarters, and includes a mechanism for the update of the annual interest rate of the Series C Debentures in the event the Company does not meet certain financial covenants. The financial covenants are as follows: 1. the Company’s Adjusted Balance Sheet Equity (as such term is defined in the Series C Deet of Trust, which, among other exclusions, excludes changes in the fair value of hedging transactions of electricity prices, such as the Talasol PPA), on a consolidated basis, shall not be less than €50 million for purposes of the immediate repayment provision and shall not be less than €60 million for purposes of the update of the annual interest provision; 2. The ratio of (a) the short-term and long-term debt from banks, in addition to the debt to holders of debentures issued by us and any other interest-bearing financial obligations, net of cash and cash equivalents and short-term investments and net of financing of projects, including hedging transactions in connection with such financing, of the Company’s subsidiaries (together, the “Series C Net Financial Debt”), to (b) the Company’s Series C Adjusted Balance Sheet Equity, on a consolidated basis, plus the Net Financial Debt (the “Series C CAP, Net” and the “Series C Ratio of Net Financial Debt to Series C CAP, Net,” respectively), shall not exceed the rate of 67.5% 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 3. The ratio of (a) the Series C 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 Plant, are calculated based on the fixed asset model and not based on the financial asset model (IFRIC 12), and before share-based payments, based on the aggregate four preceding quarters (the “Series C Adjusted EBITDA” and the “Series C Ratio of Net Financial Debt to Series C Adjusted EBITDA,” respectively), shall not be higher than 12 for purposes of the immediate repayment provision and shall not be higher than 10 for purposes of the update of the annual interest provision. The Series C Deed of Trust further provides that the Company may make distributions (as such term is defined in the Companies Law, e.g. dividends), to the Company’s shareholders, provided that: (a) the Company will not distribute more than 75% of the distributable profit, (b) the Company will not distribute dividends based on profit due to revaluation (for the removal of doubt, negative goodwill will not be considered a revaluation profit), (c) the Company is in compliance with all of its material undertakings to the holders of the Series C Debentures and (d) on the date of distribution and after the distribution no cause for immediate repayment exists. The Company is also required to maintain the following financial ratios (which are calculated based on the same definitions applicable to the financial covenants set forth above) after the distribution: (i) Series C Adjusted Balance Sheet Equity not lower than €70 million, (ii) Series C Ratio of Net Financial Debt to Series C CAP, Net not to exceed 60%, and (iii) Series C Ratio of Net Financial Debt to Series C Adjusted EBITDA, shall not be higher than 8, and not to make distributions if the Company do not meet all of its material obligations to the holders of the Series C Debentures and if on the date of distribution and after the distribution a cause for immediate repayment exists. As of December 31, 2023, the financial covenants were met. Series D Convertible Debentures On February 23, 2021, the Company issued new Series D Convertible Debentures in a public offering in Israel in the aggregate principal amount of NIS 62,000 thousand (approximately €15,627 thousand based on the Euro/NIS exchange rate at that time). The principal amount of the Series D Convertible Debentures is repayable in one installment on December 31, 2026. The Series D Convertible Debentures bear a fixed interest at the rate of 1.2% per year (that is not linked to the Israeli CPI or otherwise), payable semi-annually on June 30 and December 31 commencing June 30, 2021, through December 31, 2026 (inclusive). The Series D Convertible Debentures are convertible into the Company’s ordinary shares, NIS 10.00 par value per share, at a conversion price of NIS 165 (approximately €41.6 based on the Euro/NIS exchange rate at that time), subject to adjustments upon customary terms. The Series D Convertible Debentures are not rated. The gross proceeds from the offering were approximately NIS 62,600 thousand and the net proceeds of the offering, net of related expenses such as consultancy fee and commissions, were approximately NIS 61,800 thousand (approximately €15,577 thousand based on the Euro/NIS exchange rate at that time). Of the total proceeds, an amount NIS 7,504 thousand (approximately €1,890 thousand based on the Euro/NIS exchange rate at that time) was recognized in Other long-term liabilities in connection with the convertible component. As of December 31, 2023, the amount of the liability was €82 thousand. The Series D 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 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 do not meet each standard and up to an increase of 0.75% in the annual interest rate. The Series D Deed of Trust does not restrict the Company ability to issue any new series of debt instruments, other than in certain specific circumstances, and enables us to expand the Series D Convertible Debentures up to an aggregate par value of NIS 200 million provided that: (i) The Company is not in default of any of the immediate repayment provisions included in the Series D Deed of Trust or in breach of any of its material obligations to the holders of the Series D Convertible Debentures pursuant to the terms of the Series D Deed of Trust, (ii) the expansion will not harm the Company compliance with the financial covenants included in the distribution undertaking Series D Deed of Trust and (iii) to the extent the Series D Convertible Debentures are rated at the time of the expansion, the expansion will not harm the rating of the existing Series D Convertible Debentures. The Series D Deed of Trust includes a number of customary causes for immediate repayment, including a default with certain financial covenants for the applicable period, and includes a mechanism for the update of the annual interest rate of the Series D Convertible Debentures in the event the Company do not meet certain financial covenants. The financial covenants are as follows: 1. The Company Adjusted Balance Sheet Equity (as such term is defined in the Series D Deed of Trust, which, among other exclusions, excludes changes in the fair value of hedging transactions of electricity prices, such as the Talasol PPA), on a consolidated basis, shall not be less than €70 million for two consecutive quarters for purposes of the immediate repayment provision and shall not be less than €75 million for purposes of the update of the annual interest provision; 2. The ratio of (a) the short-term and long-term debt from banks, in addition to the debt to holders of debentures issued by us 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 D 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) (together, the “Series D Net Financial Debt”), to (b) The Series D Adjusted Balance Sheet Equity, on a consolidated basis, plus the Series D Net Financial Debt (the “Series D CAP, Net” and the “Series D Ratio of Net Financial Debt to Series D CAP, Net,” respectively), shall not exceed the rate of 68% for three consecutive quarters for purposes of the immediate repayment provision and shall not exceed a rate of 60% for purposes of the updated of the annual interest provision; and 3. The ratio of (a) the Series D Net Financial Debt, to (b) the Company earnings before financial expenses, net, taxes, depreciation and amortization, where the revenues from its operations, such as the Talmei Yosef Plant, 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 D Deed of Trust), based on the aggregate four preceding quarters (the “Series D Adjusted EBITDA” and the “Series D Ratio of Net Financial Debt to Series D Adjusted EBITDA,” respectively), shall not be higher than 14 for purposes of the immediate repayment provision and shall not be higher than 12 for purposes of the update of the annual interest provision. The Series D Deed of Trust includes similar conditions to the Company ability to make distributions (as such term is defined in the Companies Law, e.g. dividends), to the Company shareholders as are included in the Series C Deed of Trust and set forth above. The Company is also required to maintain the following financial ratios (which are calculated based on the same definitions applicable to the financial covenants set forth above) after the distribution: (i) Series D Adjusted Balance Sheet Equity not lower than €85 million, (ii) Series D Ratio of Series D Net Financial Debt to Series D CAP, Net not to exceed 60%, and (iii) Series D Ratio of Series D Net Financial Debt to Series D Adjusted EBITDA, shall not be higher than 9, and not to make distributions if the Company do not meet all of the Company material obligations to the holders of the Series D Convertible Debentures and if on the date of distribution and after the distribution a cause for immediate repayment exists. As of December 31, 2023, the financial covenants were met. Series E Debentures On February 1, 2023, the Company issued NIS 220 million (approximately €58.5 million based on the Euro/NIS exchange rate at that time) 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 approxim ately NIS 218 million (approximately €56 million based on the Euro/NIS exchange rate at that time). The Series E Debentures are secured by the following pledges: i. a fixed pledge first degree on shares of Ellomay Luzon Energy held by Ellomay Energy LP, 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 and capital notes provided by Ellomay Energy LP to Ellomay Luzon Energy; and iii. a fixed first-degree pledge on the Company 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 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 its 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 do 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 ability to issue any new series of debt instruments, other than in certain specific circumstances, and enables us to expand the Series E Secured Debentures provided that: (i) The Company is not in default of any of the immediate repayment provisions included in the Series E Deed of Trust or in breach of any of its material obligations to the holders of the Series E Secured Debentures pursuant to the terms of the Series E Deed of Trust, (ii) the expansion will not harm its compliance with the financial covenants for purposes of the immediate repayment provision included in the Series E Deed of Trust, (iii) to the extent the Series E Secured Debentures are rated at the time of the expansion, the expansion will not harm the rating of the existing Series E Secured Debentures and (iv) the par value of the Series E Secured Debentures may not be higher than NIS 220 million following the expansion. 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 Series E 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 Talasol PPA), 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 us 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), or, together, the Series E Net Financial Debt, to (b) the Company Series E Adjusted Balance Sheet Equity, on a consolidated basis, plus the Series E Net Financial Debt, or the Company Series E CAP, Net (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 Series E Net Financial Debt, to (b) the Company earnings before financial expenses, net, taxes, depreciation and amortization, where the revenues from the Company operations, such as the Talmei Yosef PV Plant, 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, or the Company Series E Adjusted EBITDA (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. The Series E Deed of Trust further provides that the Company may make distributions (as such term is defined in the Companies Law, e.g. dividends), to its shareholders, provided that: (a) the Company will not distribute more than 60% of the distributable profit, (b) the Company will not distribute dividends based on profit due to revaluation (for the removal of doubt, negative goodwill will not be considered a revaluation profit), (c) the Company are in compliance with all of its material undertakings to the holders of the Series E Secured Debentures, (d) on the date of distribution and after the distribution no cause for immediate repayment exists and (e) the Company will not make a distribution for as long as a “warning sign” (as such term is defined in the Israeli Securities Regulations) exists. The Company is also required to maintain the following financial ratios (which are calculated based on the same definitions applicable to the financial covenants set forth above) after the distribution: (i) Series E Adjusted Balance Sheet Equity not lower than €90 million, (ii) Series E Ratio of Net Financial Debt to Series E CAP, Net not to exceed 60%, and (iii) Series E Ratio of Net Financial Debt to Series E Adjusted EBITDA, shall not be higher than 9, and not to make distributions if the Company do not meet all of its material obligations to the holders of the Series E Secured Debentures and if on the date of distribution and after the distribution a cause for immediate repayment exists. As of December 31, 2023, the financial covenants were met. C. The aggregate annual maturities are as follows: December 31 December 31 2023 2022 € in thousands Second year 35,212 37,779 Third year 28,692 37,792 Fourth year 13,625 16,143 Fifth year 13,657 - Sixth year and thereafter 13,701 - Long-term debentures 104,887 91,714 Current maturities 35,200 18,714 140,087 110,428

Other Long-term Liabilities

Other Long-term Liabilities	12 Months Ended
	Dec. 31, 2023
Other Long-Term Liabilities [Abstract]
Other Long-term Liabilities	Note 13 - Other Long-term Liabilities December 31 December 31 2023 2022 € in thousands Warrants Liability (see Note 16) 84 329 Other liabilities (1) 793 1,626 Liabilities for employee’s benefits 62 66 939 2,021 (1) Represents the long-term portion of the potential liability in connection with the acquisition of rights in the Manara PSP. See Note 6B.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Note 14 - Leases Leases in which the Company is the lessee The Company has lease agreements with respect to the following items: 1. Lands; and 2. Machinery equipment. 1. Information regarding material lease agreements Ellomay PS leases land in Israel from private lessors for a period of 24 years and 11 months, on which the Manara PSP is constructed. The contractual period of the aforesaid lease agreements ends in July 2046. Ellomay PS paid capitalized rents in the total amount of NIS 28,800 thousand (approximately €7,758 thousand) to the private lessors, not including VAT. The discounted rent is linked to the Israeli CPI and constitutes an advance payment for the entire rental period. In addition, Ellomay PS will pay a regular quarterly rent of approximately NIS 165 thousand per quarter, not including VAT. The quarterly rent will increase by 2% every 3 years and is linked to the Israeli CPI. A lease liability in the amount of €10,629 thousand and right-of-use asset in the amount of €10,629 thousand have been recognized in the statement of financial position in April 2021 in respect of the Manara PSP’s leases of land. 2. Information regarding material lease agreements entered into during the period Ellomay Solar Italy Seven SRL and Ellomay Solar Italy Nine SRL lease land in Italy from private lessors for a period of 31 years. The contractual period of the aforesaid lease agreements ends between March 2054 until May 2054. They will pay a regular annual rent of approximately €208 thousand, not including VAT and capitalized rents in the total amount of €397 thousand. The annual rent is linked to the Italian CPI. A lease liability in the amount of €2,527 thousand and right-of-use asset in the amount of €2,527 thousand have been recognized in 2023 in respect of these leases of land. Fairfield Solar LLC, Mexia Solar I LLC, Mexia Solar II LLC, Malakoff Solar I LLC, Malakoff Solar II LLC, and Talco Solar LLC lease land in the vicinity of Texas, Dallas, USA from private lessors for 25-35 years. The contractual period of the aforesaid lease agreements ends between February 2048 and September 2058. They will pay a regular annual rent of approximately €207 thousand, not including VAT, commencing the beginning of operations. The annual rent increases by 2.0% every year. A lease liability in the amount of €2,142 thousand and right-of-use asset in the amount of €2,142 thousand have been recognized in 2023 in respect of these leases of land. 3. Right-of-use assets Bio Gas Italy Spain Talasol Pumped USA Talmei Yosef Total € in thousands Balance as at January 1, 2023 46 8,733 2,314 7,183 10,413 - 1,331 30,020 Lease agreements entered into during the period - 2,527 - - - 2,142 - 4,669 Depreciation for the year (26 ) (262 ) (126 ) (455 ) (429 ) (24 ) (111 ) (1,433 ) Other - (1,472 ) 139 867 110 - 69 (287 ) Effect of changes in exchange rates - - - - (669 ) (44 ) (85 ) (798 ) Transfer to disposal groups held for sale - - - - - - (1,204 ) (1,204 ) Balance as at December 31, 2023 20 9,526 2,327 7,595 9,425 2,074 - 30,967 Bio Gas Italy Spain Talasol Pumped Talmei Yosef Total € in thousands Balance as at January 1, 2022 170 - 2,755 7,587 11,352 1,503 23,367 Lease agreements entered into during the period - 8,861 - - - - 8,861 Depreciation for the year (124 ) (128 ) (120 ) (404 ) (473 ) (117 ) (1,366 ) Other - - (321 ) - 228 36 (57 ) Effect of changes in exchange rates - - - - (694 ) (91 ) (785 ) Balance as at December 31, 2022 46 8,733 2,314 7,183 10,413 1,331 30,020 4. Lease liability Maturity analysis of the Company’s lease liabilities December 31, € in thousands Less than one year 700 One to five years 2,970 More than five years 20,710 Total 24,380 Current maturities of lease liability 700 Long-term lease liability 23,680 5. Additional information on leases (a) Amounts recognized in profit or loss *2023 *2022 *2021 € in thousands Depreciation on right-of-use asset 718 743 774 Interest expenses on lease liability 407 370 367 * The remainder of the depreciation and the interest is capitalized to fixed assets. Including the amounts of €111 thousand, €117 thousand and €110 thousand recorded in the depreciation expenses that were presented as a discontinued operation and classified as held for sale for 2023, 2022 and 2021, respectively. Including the amounts of €66 thousand, €74 thousand and €73 thousand recorded in the interest expenses on lease liability that were presented as a discontinued operation and classified as held for sale for 2023, 2022 and 2021, respectively. (b) Short-term leases As mentioned in Note 3F regarding material accounting policies, the Company, in accordance with the practical expedient, accounts for short-term leases and leases of low-value assets as expenses on a straight-line basis over the lease term, instead of a right-of-use asset and lease liability. These leases include office space in the amount of approximately €262 thousand.

Transactions and Balances with

Transactions and Balances with Related Parties	12 Months Ended
	Dec. 31, 2023
Transactions and Balances with Related Parties [Abstract]
Transactions and Balances with Related Parties	Note 15 - Transactions and Balances with Related Parties A. On December 30, 2008, the Company’s shareholders approved the terms of a management services agreement entered into among the Company, Kanir Joint Investments (2005) Limited Partnership (“Kanir”), the one of the Company’s controlling shareholders, and Meisaf Blue & White Holdings Ltd. (“Meisaf”), a company controlled by the Company’s chairman of the board and controlling shareholder, effective as of March 31, 2008 (the “Previous Management Agreement”). The aggregate annual management fee under the Previous Management Agreement, as updated, was $400 thousand. At the annual shareholders meeting held on August 12, 2021, the Company’s shareholders approved, following the approval by the Audit and Compensation Committee and Board of Directors, an Amended and Restated Management Services Agreement, effective July 1, 2021 (the “Management Agreement”), which provides, among other things, for the payment of NIS 1,386 thousand, (approximately €345 thousand) per year to Meisaf in consideration for the services provided by Meisaf, including the service of Mr. Nehama as the Company Chairman of the Board in no less than a 77% position, and the payment of NIS 1,800 million (approximately €449 thousand) per year to Kanir and Keystone R.P. Holdings and Investments Ltd., a private company wholly-owned by Mr. Ran Fridrich (“Keystone”) (in an initial allocation of NIS 0.66 million to Kanir and NIS 1.14 million to Keystone) in consideration for service provided by these entities, including the service of Mr. Fridrich as the Company Chief Executive Officer in a full-time position and as a Board member. Pursuant to the Management Agreement, Meisaf, Kanir and Keystone, through their employees, officers and directors, will assist the Company in all aspects of the management of the Company and advise as required from time to time by the Company, including provision of Chairman, CEO and Board services as detailed above. The Management Agreement is valid until June 30, 2024 or until its earlier termination in accordance with its terms. The Company sub-leases a small part of its office space to a company controlled by Mr. Shlomo Nehama, the Company’s chairman of the Board and a controlling shareholder, at a price per square meter based on the price that it pays under its lease agreements. This sub-lease agreement was approved by the Company’s Board of Directors. The Company employs the son of Mr. Shlomo Nehama as a project manager in connection with the development activities of photovoltaic plants in Texas, USA. The annual cost of employment of Mr. Nehama’s son, for the year ended December 31, 2023, as approved by the Company’s shareholders, is approximately NIS 239 thousand (approximately €60 thousand). B. Compensation to key management personnel and interested parties (including directors) Certain directors and officers participate in the Company’s share option programs. For further information see Note 17 regarding share-based payments. Compensation to key management personnel and interested parties that are employed by, or provide consulting services to, the Company: Year ended December 31 2023 2022 2021 Number of Number of Number of People Amount People Amount People Amount € thousands € thousands € thousands Short-term Benefits 3 703 3 994 3 763 Post-employment Benefits 2 66 2 72 2 61 Share-based payments 3 80 3 69 3 68 Compensation to directors (excluding compensation paid under the Management Agreement): Year ended December 31 2023 2022 2021 Number of Number of Number of people Amount people Amount People Amount € thousands € thousands € thousands Total compensation to directors not employed by the Company 4 80 4 90 4 72 Share-based payments 4 28 4 36 4 10 C. Debts and loans to related and interested parties Interest income recognized in The terms of the loan Balance as at December 31 income for the year ended Interest Linkage rate base 2023 2022 2023 2022 2021 % € thousands Ellomay Luzon Energy 8.1 (*) NIS+ Israeli CPI - 2,665 267 1,398 821 (*) See Note 6A regarding the conversion of approximately NIS 46,933 thousand of the shareholders loans (of which the Company’s portion is approximately NIS 23,467 thousand) to capital notes.

Equity

Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Equity	Note 16 - Equity A. Composition of share capital December 31, 2023 December 31, 2022 December 31, 2021 Issued and Issued and Issued and Authorized Outstanding(1) Authorized outstanding(1) Authorized Outstanding Number of shares Ordinary shares of NIS 10.00 par value each 17,000,000 12,852,585 (1) 17,000,000 12,852,585 (1) 17,000,000 12,849,295 (1) (1) Net of 258,046 Ordinary shares held as treasury shares as of December 31, 2023, 2022 and 2021, all of which have been purchased according to share buyback programs that were authorized by the Company’s Board of Directors. On October 26, 2020, the Company completed a public offering in Israel of additional Series C Debenture (see Note 12B) with an aggregate principal amount of NIS 154 million (approximately €38.5 million based on the Euro/NIS exchange rate at that time) (subject to adjustments upon customary terms and 385,000 Series 1 Options, tradable on the Tel Aviv Stock Exchange, to purchase the Company’s ordinary shares at an exercise price per share of NIS 150 (approximately €37.5 based on the Euro/NIS exchange rate at that time) (subject to adjustments upon customary terms). Of the total proceeds of the offering, an amount NIS 8,891 thousand (approximately €2,224 thousand based on the Euro/NIS exchange rate at that time) was recognized in Other long-term liabilities in connection with these options. As of December 31, 2023, the amount of the liability was €2 thousand. On February 23, 2021, the Company issued new Series D Convertible Debentures in a public offering in Israel in the aggregate principal amount of NIS 62,000 thousand (approximately €16,956 thousand based on the Euro/NIS exchange rate at that time) (see Note 12B). The Series D Convertible Debentures are convertible into the Company’s ordinary shares, NIS 10.00 par value per share, at a conversion price of NIS 165 (approximately €41.6 based on the Euro/NIS exchange rate at that time), subject to adjustments upon customary terms. Of the total proceeds of the offering, an amount NIS 7,504 thousand (approximately €1,890 thousand based on the Euro/NIS exchange rate at that time) was recognized in Other long-term liabilities in connection with the convertible component. As of December 31, 2023, the amount of the liability was €82 thousand. During 2022, one of the Company’s employees exercised options to purchase 3,290 ordinary shares, respectively. No options were exercised during 2023. B. Rights attached to shares: 1. Voting rights at the general meeting, right to dividend and rights upon liquidation of the Company. 2. Commencing August 22, 2011, the Company’s ordinary shares have been listed on the NYSE American (formerly the NYSE MKT and the NYSE Amex). On October 27, 2013, the Company’s ordinary shares were also listed for trading on the Tel Aviv Stock Exchange in Israel. C. Translation reserve from foreign operation The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. D. Capital management in the Company The Company’s capital management objectives are: 1. To preserve the Company’s ability to ensure business continuity thereby creating a return for the shareholders, investors and other interested parties. 2. To ensure adequate return for the shareholders by making reasonable investment decisions based on the level of internal rate of return that is in line with the Company’s business activity. 3. To maintain healthy capital ratios in order to support business activity and maximize shareholders value.

Share-Based Payment

Share-Based Payment	12 Months Ended
	Dec. 31, 2023
Share-Based Payment [Abstract]
Share-Based Payment	Note 17 - Share-Based Payment A. Expenses recognized in the financial statements The expenses recognized in the financial statements for services received from directors and employees is shown in the following table: Year ended December 31 2023 2022 2021 € thousand Expenses arising from share-based payment transactions 122 127 63 The share-based payments that the Company granted to its employees and directors are described below. There have been no modifications or cancellations to any of the share options plans during 2023, 2022 or 2021. The amount recognized as an expense is adjusted to reflect the actual number of share options that are expected to vest. The fair value of the options is estimated using a Black-Scholes options pricing model with the following weighted average assumptions: Year ended December 31 2023 2022 2021 Dividend yield 0 % 0 % 0 % Expected volatility 0.509 0.405 0.433 Risk-free interest 4.92 % 2.9 % 0.48 % Expected life (in years) 2-3 2-3 2-3 Exercise price 16.11 27.22 29.27 All options granted during 2023, 2022 and 2021 were granted with exercise price equal to or higher than the market price on the date of grant. Weighted average fair values and exercise price of options on dates of grant are as follows: Equal market price 2023 2022 2021 US$ Weighted average exercise prices 16.11 27.22 29.27 Weighted average fair value on grant date 5.11 7.27 9.65 B. Stock Option Plans In December 1998, the Company’s shareholders approved the non-employee director stock option plan (the “1998 Plan”). Each option granted under the 1998 Plan originally vested immediately and expires after 10 years. Generally, the Company grants options under the plan with an exercise price equal to the market price of the underlying shares on the date of grant. An aggregate amount of not more than 75,000 ordinary shares was reserved for grants under the 1998 Plan. The original expiration date of the 1998 Plan pursuant to its terms was December 8, 2008 (10 years after its adoption). In January 2008 and June 2018, the term of the 1998 Plan was extended and as a result on the current expiration date is December 8, 2028. In connection with the adoption of the Company’s compensation policy in 2013, the 1998 Plan was amended to provide that options granted under the 1998 Plan will become exercisable based on the vesting schedule determined in the approvals of the option grant. During each of the years 2023, 2022 and 2021, the Company granted to directors options to purchase an aggregate amount of 4,616, 4,000 and 4,000 ordinary shares, respectively, under the 1998 Plan. As of December 31, 2023, options to purchase 19,365 ordinary shares are outstanding and 18,051 ordinary shares are available for future grants under the 1998 Plan. In August 2000, the Company’s board of directors adopted the 2000 Stock Option Plan (the “2000 Plan”). The initial reserve under the 2000 Plan was 200,000 ordinary shares underlying options that may be granted to officers, directors, employees and consultants of the Company and its subsidiaries and this initial reserve was increased several times. The options usually vest over a three year period. The exercise price of the options under the 2000 Plan is determined to be not less than 80% of the fair market value of the Company’s ordinary shares at the time of grant, and they usually expire after 10 years from the date of grant. In June 2008 and June 2018, the term of the 2000 Plan was extended by additional 10 year periods and the current expiration date of the 2000 Plan is August 31, 2028. As of December 31, 2023, options to purchase 34,645 ordinary shares are outstanding and 547,206 ordinary shares are available for future grants under the 2000 Plan. Options that are cancelled or forfeited become available for future grant. C. Changes during the year: The following table lists the number of share options, the weighted average exercise prices of share options during the current year: 2023 2022 2021 Weighted Weighted Weighted Average average Average Number of Exercise Number of exercise Number of Exercise options Price options price options Price US$ US$ US$ Outstanding at beginning of year 49,394 26.98 48,684 26.16 31,135 12.94 Granted during the year 4,616 16 4,000 27.22 37,000 29.27 Exercised during the year (- ) - (3,290 ) 11.19 (18,451 ) 10.06 Expired during the year (- ) - (- ) - (1,000 ) 26.63 Outstanding at end of year 54,010 26.28 49,394 26.98 48,684 26.16 Exercisable at end of year 38,394 26.63 23,394 25.25 6,749 20.05 The weighted average remaining contractual life for the share options outstanding as of December 31, 2023 was 8.23 years (as of December 31, 2022 was 8.40 years and as of December 31, 2021 was 9.38 years). The range of exercise prices for share options outstanding as of December 31, 2023: $8.41- $34.44 (as of December 31, 2022 the range was $8.41- $34.44 and as of December 31, 2021 the range was $8.41- $34.44).

Details of the Statements of Pr

Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2023
Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) [Abstract]
Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss)	Note 18 - Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) A. Revenues For the year ended December 31 2023 *2022 *2021 € in thousands Revenues from the sale of solar electricity 31,813 39,601 32,019 Revenues from the sale of gas and power produced by anaerobic digestion plants 17,021 12,640 12,686 Total revenues 48,834 52,241 44,705 B. Operating Costs, Depreciation and Amortization For the year ended December 31 2023 *2022 *2021 € in thousands Depreciation from fixed assets 15,405 14,954 13,977 Depreciation from right-of-use assets 607 626 664 Professional services 2,549 2,232 1,465 Operating and maintenance services 16,276 13,827 11,193 System operator charges 2,385 6,882 3,046 Insurance 842 649 506 Other 809 81 1,013 Total operating costs 38,873 39,251 31,864 C. General and Administrative Expenses For the year ended December 31 2023 *2022 *2021 € in thousands Salaries and related compensation 1,797 2,151 1,505 Professional services 2,306 2,367 2,785 Other 1,180 1,337 1,334 Total general and administrative expenses 5,283 5,855 5,624 * Reclassified due to discontinued operation - see Note 23. D. Financing Income and Expenses: 1. Financing income For the year ended December 31 2023 *2022 *2021 € in thousands Interest income 2,015 402 266 Change in fair value of derivatives, net 251 605 - Profit from settlement of derivatives contract - - 407 Gain from exchange rate differences, net 6,732 6,041 - Total financing income 8,998 7,048 673 2. Financing expenses For the year ended December 31 2023 *2022 *2021 € in thousands Change in fair value of derivatives, net - - 841 Debentures interest and related expenses 3,876 2,130 3,220 Interest and commissions related to projects finance 5,825 5,852 4,313 Amortization of capitalized expenses related to projects finance 252 246 12,180 Interest on minority shareholder loan 2,014 1,529 2,055 Bank charges and other commissions 247 471 137 Interest on lease liability 341 296 294 Loss from exchange rate differences, net - - 5,394 Total financing expenses 12,555 10,524 28,434 * Reclassified due to discontinued operation - see Note 23.

Taxes on Income

Taxes on Income	12 Months Ended
	Dec. 31, 2023
Taxes on Income [Abstract]
Taxes on Income	Note 19 - Taxes on Income A. Regional Taxation Israeli taxation The tax rate that is relevant to the Company in the years 2021-2023: 23%. Luxembourg taxation Net wealth tax (NWT): - The real NWT is calculated by the difference between the entity’s total assets and entity’s total liabilities (exemption can be applied) multiplied by 0.5% if the fortune is lower than €500 thousand. - The minimum NWT is from €535 to €32,100. Italian taxation As a rule, corporate income tax (IRES) is payable by all resident companies on income from any source, whether earned in Italy or abroad (also for branch established in other country), at the rate of 24%. Both resident and non-resident companies are subject to regional income tax (IRAP), but only on income arising in Italy at the rate from 3.29% (in 2024 the minimum rate will increase to 3.9%) to 4.82%, depending on the region. Spanish taxation As a rule, corporate income tax is payable by all resident companies on income from any source, whether earned in Spain or abroad at the rate of 25%. Commencing January 1, 2021, Spanish companies are allowed to deduct financing expenses in an amount up to 30% of their EBITDA from one million in financial expenses and up to one million of financial expenses can be deducted in the CIT without having to apply 30% of EBITDA, with the remainder being carried forward to following years. The Netherlands taxation In 2023, the Dutch corporate income tax rate was 19% on the first €200 thousand of taxable profits, and 25.8% on taxable profits exceeding that amount. In 2022, 15% on the first €395 thousand of taxable profits and 25% on taxable profits exceeding that amount. In 2021, 15% on the first €245 thousand of taxable profits and 25% on taxable profits exceeding that amount. B. Composition of income tax benefit (taxes on income): For the year ended December 31 2023 *2022 *2021 € in thousands Current tax expense Current year (932 ) (1,826 ) (977 ) (932 ) (1,826 ) (977 ) Deferred tax income Creation and reversal of temporary differences 1,655 174 3,513 Adjustments for prior years, net 713 - - 2,368 174 3,513 Tax benefit (taxes on income) 1,436 (1,652 ) 2,536 * Reclassified due to discontinued operation - see Note 23. C. Reconciliation between the theoretical tax on the pre-tax profit and the tax expense: 2023 *2022 *2021 € in thousands Profit (loss) before taxes on income 976 1,081 (22,935 ) Primary tax rate of the Company 23 % 23 % 23 % Tax benefit (tax expenses) calculated according to the Company’s primary tax rate (224 ) (249 ) 5,275 Additional tax saving in respect of: Different tax rate of foreign subsidiaries (72 ) (488 ) (40 ) Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees 994 277 27 Difference between measurement basis of income (expenses) for tax purposes and measurement basis of income (expenses) for financial reporting purposes (47 ) (706 ) - Changes in deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past 713 282 - Utilization of tax losses and benefits from prior years for which deferred taxes were not created 1,363 566 - Change in temporary differences for which deferred tax were not recognized 106 - 51 Current year tax losses and benefits for which deferred taxes were not created (1,275 ) (1,199 ) (2,770 ) Permanent differences (122 ) (135 ) (7 ) Actual tax benefit (taxes on income) 1,436 (1,652 ) 2,536 * Reclassified due to discontinued operation - see Note 23. D. Carry forward tax losses: As of December 31, 2023, Ellomay Capital Ltd. had no available carry forward tax losses. Ellomay Capital Ltd. had carry forward capital tax losses in the amount of approximately €1,361 thousand, which have no expiration date. Deferred taxes of Ellomay Capital Ltd. have not been recognized because the Company’s management currently believes that as the Company has a history of losses it is more likely than not that the deferred tax regarding losses carry forward will not be utilized in the foreseeable future. Deferred taxes are recognized by operating subsidiaries for unused tax losses, tax benefits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilized. As of December 31, 2023, the Company’s Dutch subsidiaries had carry forward tax losses and deductions aggregating to approximately €18,906 thousand. Of such carry forward tax losses, a deferred tax asset amounting to approximately €1,592 thousand was not recorded. E. Deferred taxes: Financial Fixed Swap Carry- assets leases contract and losses Total € in thousands Balance of deferred tax asset (liability) as at January 1, 2023 (3,642 ) (2,124 ) 14,944 7,562 16,740 Changes recognized in profit or loss 690 774 - 1,594 3,058 Changes recognized in other comprehensive income 235 - (16,589 ) - (16,354 ) Transfer to disposal groups held for sale (see Note 23) 2,717 - - - 2,717 Balance of deferred tax asset (liability) as at December 31, 2023 - (1,350 ) (1,645 ) 9,156 6,161 Financial Fixed Swap Carry- assets leases contract and losses Total € in thousands Balance of deferred tax asset (liability) as at January 1, 2022 (6,964 ) (1,555 ) 5,400 7,027 3,908 Changes recognized in profit or loss 3,065 (569 ) - 538 3,034 Changes recognized in other comprehensive income 257 - 9,544 (3 ) 9,798 Balance of deferred tax asset (liability) as at December 31, 2022 (3,642 ) (2,124 ) 14,944 7,562 16,740

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 20 - Earnings Per Share The calculation of basic earnings per share as at December 31, 2023, 2022 and 2021 was based on the profit attributable to the Company’s shareholders divided by a weighted average number of ordinary shares outstanding, calculated as follows: For the year ended December 31 2023 2022 2021 € in thousands (other than share and per share data) Net profit (loss) attributed to owners of the Company 2,219 (357 ) (15,090 ) Net profit (loss) attributed to owners of the Company from continuing operations 4,006 (1,068 ) (15,849 ) Net profit (loss) attributed to owners of the Company from discontinued operation. See Note 23. (1,787 ) 711 759 Weighted average ordinary shares outstanding (1) 12,852,585 12,850,118 12,824,088 Dilutive effect: Stock options and warrants 3,462 7,796 8,637 Diluted weighted average ordinary shares outstanding 12,856,047 (2) 12,857,914 (2) 12,832,725 (2) Basic net earning (loss) per share 0.17 (0.03 ) (1.18 ) Diluted net earning (loss) per share 0.17 (0.03 ) (1.18 ) Basic profit (loss) per share from continuing operations 0.31 (0.08 ) (1.24 ) Diluted profit (loss) per share from continuing operations 0.31 (0.08 ) (1.24 ) Basic profit (loss) per share from discontinued operation (0.14 ) 0.05 0.06 Diluted profit (loss) per share from discontinued operation (0.14 ) 0.05 0.06 (1) Net of treasury shares. (2) In 2023, 2022 and 2021 share options and warrants did not have a dilutive effect. As of December 31, 2023 794 thousand options and warrants (in 2022 and 2021: 779 thousand and 762 thousand, respectively) were excluded from the diluted weighted average number of ordinary shares calculation as their effect would have been anti-dilutive. The average market value of the Company’s shares for purposes of calculating the dilutive effect of share options was based on quoted market prices for the period that the options were outstanding.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2023
Financial Instruments [Abstract]
Financial Instruments	Note 21 - Financial Instruments A. Overview The Compan y has exposure to the following risks from its use of financial instruments: ● Credit risk ● Liquidity risk ● Market risk This note presents quantitative and qualitative information about the Company’s exposure to each of the above risks, and the Company’s objectives, policies and processes for measuring and managing risk. In order to manage these risks a For the year ended December 2023 2022 € in thousands Derivatives presented under current assets Swap contracts 275 273 275 273 Derivatives presented under non-current assets Swap contracts 607 1,488 Financial power swap 10,341 - 10,948 1,488 Derivatives presented under current liabilities Financial power swap (4,643 ) (33,183 ) (4,643 ) (33,183 ) Derivatives presented under non-current liabilities Financial power swap - (28,354 ) - (28,354 ) The following table sets forth the details of the Company’s financial power swap and swap contracts with banking institutions: December 31, 2023 Currency/ Currency/ linkage/interest linkage/interest Date of Fair value receivable Payable expiration thousand Euro 17.6 million interest swap transaction for a period of 18 years, semi-annually. Euribor 6 months Fixed 1% December 20, 2037 882 Financial power swap- electricity price swap fixed for float Electricity price in Spain Fixed price September 30, 2030 5,698 B. Risk management framework The Company’s management and board of directors have overall responsibility for the establishment and oversight of the Company’s risk management framework. The Company’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Company, through its training and management of standards and procedures, aims to develop a disciplined and constructive control environment in which all employees understand their roles and obligations. The Company’s Audit Committee oversees how management monitors compliance with the Company’s risk management policies, procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The Company’s Audit Committee is assisted in its oversight role by Internal Audit. Internal Audit undertakes both regular and ad hoc reviews of risk management controls and procedures, the results of which are reported to the Audit Committee. C. Credit Risk As at December 31, 2023, the Company does not have any significant concentration of credit risk. Cash and short-term deposits As at December 31, 2023 and 2022, the Company had cash and cash equivalents in the amount of €51,127 thousand and €46,458 thousand, respectively. The Company’s cash and cash equivalents are deposited with financial institutions that received a credit rating (international rating scale). See also Note 4. Restricted cash As at December 31, 2023 and 2022, the Company had a balance of current restricted cash in an amount of €810 thousand and €900 thousand, respectively, and a balance of non-current restricted cash of €17,386 thousand and €20,192 thousand, respectively. See also Note 5. Trade and other receivables As at December 31, 2023 and 2022, the Company had a balance of trade receivables of €205 thousand and €420 thousand, respectively. This balance mainly refers to the sale of green certificates from the activity in the Netherland due within 30 days from issuance. In 2022, the balance mostly referred to sale of electricity to the IEC for the PV Plant located in Israel and is due in 30 days. This balance is classified as assets of disposal groups held for sale in 2023. As at December 31, 2023 and 2022, the Company had a balance of revenue receivables of €1,013 thousand and €1,062 thousand, respectively. This balance refers to amounts to be paid mainly from the facilities in the Netherlands. The revenue receivables are from gas sold in market price in the Netherlands due within 60 days and the sale of green certificates within 60 days. The Company’s management closely monitors the economic and political environment in which it operates. As per the Company’s management estimations, there are no significant credit risks assigned to the trade receivables and income receivables as these amounts are due by governmental agencies or by established companies that pay on a weekly or monthly basis. As at December 31, 2023 and 2022, the Company had a balance of government authorities’ receivables of €4,851 thousand and €3,752 thousand, respectively. This balance refers to VAT receivables in Spain, Italy, Israel and the Netherlands. D. Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation. As of December 31, 2023, the Company had a working capital of approximately €5,199 thousand. The cash surpluses held by Company that are not required for financing their current activity, are invested in interest-bearing investment channels such as short-term deposits. These investment channels are chosen by the Company’ managements based on future forecasts of the cash the Company will require in order to meet their liabilities. Cash flow forecasts are determined on both an individual company basis and a consolidated basis. The Company examines current forecasts of its liquidity requirements so as to make certain that there is sufficient cash for its operating needs, and it is careful at all times to have enough unused credit facilities so that the Company does not exceed its credit limits and is in compliance with its financial covenants. These forecasts take into consideration matters such as the Company’s plan to use debt for financing its activity, compliance with required financial covenants, compliance with certain liquidity ratios, and compliance with external requirements such as laws or regulation. The Company has contractual commitments due to debentures issued, financing agreements and EPC and O&M agreements of its subsidiaries in Spain, Italy, the Netherlands, USA and Israel. See also Note 6, Note 11 and Note 12. The following are the contractual maturities of financial liabilities at undiscounted amounts and based on the spot rates at the reporting date, including estimated interest payments. This disclosure excludes the impact of netting agreements: December 31, 2023 Carrying Contractual Less than More than amount cash flows 1 year 2-3 years 4-5 years 5 years € in thousands Non-derivative financial liabilities Long-term loans, including current maturities 281,938 375,334 21,883 41,743 59,691 252,017 Debentures 140,087 158,051 41,100 72,088 30,738 14,125 Lease liabilities 24,380 47,011 1,916 3,895 3,903 37,297 Trade payables, other accounts payable and Other long-term liabilities 14,496 14,496 13,703 793 - - 460,901 594,892 78,602 118,519 94,332 303,439 December 31, 2022 Carrying Contractual Less than More than amount cash flows 1 year 2-3 years 4-5 years 5 years € in thousands Non-derivative financial liabilities Long term loans, including current maturities 273,863 363,553 30,392 42,547 43,381 247,233 Debentures 110,428 141,140 22,878 62,710 55,552 - Lease liabilities 22,750 35,911 1,630 3,233 3,194 27,854 Trade payables, other accounts payable and Other long-term liabilities 15,144 15,144 13,518 813 813 - 422,185 555,748 68,418 109,303 102,940 275,087 Derivative finance liabilities Financial power swap 61,537 61,537 33,183 26,424 (2,666 ) 4,596 E. Market risk Market risk is the risk that changes in market prices will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return. The principal risks that the Company faces, as assessed by management, are as follows: a change in the regulation applicable to the area of activity, a change in the electricity prices or the tariffs as approved by the relevant electricity authorities in the countries in which the Company operates, changes in the situation of the electricity and gas market, political and security events. The Company uses hedging instruments in an attempt to manage interest rate, currency and other market-related risks. The majority of the Company’s derivative contracts are OTC derivatives, i.e., derivative contracts that are not transacted on an exchange. These derivatives are entered into under ISDA Master Agreements. If counterparty defaults on these contracts, the underlying exposure would no longer be effectively hedged, which could result in losses. Disruptions such as market crises and economic recessions may put a strain on the availability and effectiveness of hedging instruments. For example, although the Company estimates the expected transition away from Euribor, as addressed by the Amendments to IAS 39, Financial Instruments, Interest Rate Benchmark Reform – Phase 2, not to have a material effect on the Company,’s financial statements, similar benchmark rates may have a different impact on the hedged item and the hedging instrument, which could cause some of the Company hedge to become ineffective, resulting in potential losses. (1) Foreign currency risk As a result of the Company’s operations and presentation currency, the Company is exposed to the impact of exchange rate fluctuations of the Euro/USD and NIS/Euro on the Company’s balance sheet and profit and loss. The Company holds cash and cash equivalents, short-term deposits, and restricted cash in various currencies, including Euro, USD and NIS. The Company’s holdings in its European PV Plants and projects under development are denominated in Euro, its holdings in projects under development in the US are denominated in USD and its holdings in its Israeli PV Plant, projects under development and indirect holdings in Dorad are denominated in NIS. The Company believes that the composition of its assets and liabilities, which are denominated in USD, Euro and NIS, sufficiently mitigates a substantial portion of its foreign currency risk. (a) The exposure to linkage and foreign currency risk The Company’s exposure to linkage and foreign currency risk was as follow: December 31, 2023 Non-monetary/ NIS (*) USD EURO Total € in thousands Current assets: Cash and cash equivalents - 34,990 4,199 11,938 51,127 Short term deposits - 997 - - 997 Restricted cash - - - 810 810 Intangible asset from green certificates 553 - - - 553 Trade and other receivables 2,584 2,660 - 6,748 11,992 Assets of disposal groups classified as held for sale 28,297 - - - 28,297 Non-current assets: Investments in equity accounted investees 31,772 - - - 31,772 Advances on account of investments 898 - - - 898 Fixed assets 407,982 - - - 407,982 Right-of-use asset 30,967 - - - 30,967 Restricted cash and deposits - 3,558 - 13,828 17,386 Deferred tax 8,677 - - - 8,677 Long term receivables 9,350 1,096 - - 10,446 Derivatives - - - 10,948 10,948 Current liabilities: Current maturities of long-term bank loans - - - (9,784 ) (9,784 ) Current maturities of long-term loans - - - (5,000 ) (5,000 ) Current maturities of debentures - (35,200 ) - - (35,200 ) Trade payables - (832 ) (154 ) (4,263 ) (5,249 ) Other payables (553 ) (9,445 ) - (861 ) (10,859 ) Current maturities of derivatives - - - (4,643 ) (4,643 ) Current maturities of lease liabilities - (105 ) (10 ) (585 ) (700 ) Liabilities of disposal groups classified as held for sale (17,142 ) - - - (17,142 ) Non-current liabilities: Long-term lease liabilities - (3,176 ) (2,150 ) (18,354 ) (23,680 ) Long-term loans - (69,685 ) - (168,096 ) (237,781 ) Other long-term bank loans - (8,452 ) - (20,921 ) (29,373 ) Debentures - (104,887 ) - - (104,887 ) Deferred tax (2,516 ) - - - (2,516 ) Other long-term liabilities - (939 ) - - (939 ) Total exposure in statement of financial position in respect of financial assets and financial liabilities 500,869 (189,420 ) 1,885 (188,235 ) 125,099 December 31, 2022 Non-monetary/ NIS (*) USD EURO Total € in thousands Current assets: Cash and cash equivalents - 30,359 55 16,044 46,458 Marketable securities - - 2,836 - 2,836 Restricted cash - - - 900 900 Receivable from concession project - 1,799 - - 1,799 Trade and other receivables 2,174 4,694 16 5,798 12,682 Non-current assets: Investments in equity accounted investees 23,976 6,053 - - 30,029 Advances on account of investments 2,328 - - - 2,328 Receivable from concession project - 24,795 - - 24,795 Fixed assets 365,756 - - - 365,756 Right-of-use asset 30,020 - - - 30,020 Intangible asset 4,094 - - - 4,094 Restricted cash and deposits - 5,607 - 14,585 20,192 Deferred tax 23,510 - - - 23,510 Long term receivables 7,840 1,171 - 259 9,270 Derivatives - - - 1,488 1,488 Current liabilities: Current maturities of long-term bank loans - (2,091 ) - (10,724 ) (12,815 ) Current maturities of long-term loans - - - (10,000 ) (10,000 ) Current maturities of debentures - (18,714 ) - - (18,714 ) Trade payables - (123 ) - (4,381 ) (4,504 ) Other payables - (6,107 ) - (5,100 ) (11,207 ) Current maturities of derivatives - - - (33,183 ) (33,183 ) Current maturities of lease liabilities - (193 ) - (552 ) (745 ) Non-current liabilities: Long-term lease liabilities - (4,740 ) - (17,265 ) (22,005 ) Long-term loans - (13,495 ) - (215,971 ) (229,466 ) Other long-term bank loans - (7,538 ) - (14,044 ) (21,582 ) Debentures - (91,714 ) - - (91,714 ) Deferred tax (6,770 ) - - - (6,770 ) Derivatives - - - (28,354 ) (28,354 ) Other long-term liabilities - (2,021 ) - - (2,021 ) Total exposure in statement of financial position in respect of financial assets and financial liabilities 452,928 (72,258 ) 2,907 (300,500 ) 83,077 (*) Including items linked to the Israeli CPI Information regarding significant exchange rates: For the year ended December 31 Rate of Rate of Change Change % Dollar % NIS 1 Euro in 2023 3.7 1.106 6.9 4.012 1 Euro in 2022 (5.8 ) 1.066 6.6 3.753 (b) Sensitivity analysis A change as at December 31 in the exchange rates of the following euro against the USD and euro against the NIS, as indicated below would have increased (decreased) equity by the amounts shown below (after tax). This analysis is based on foreign currency exchange rate that the Company considered to be reasonably possible at the end of the reporting period. The analysis assumes that all other variables, in particular interest rates, remain constant. December 31, 2023 Increase Decrease Equity Equity € thousands Change in the exchange rate of: 5% in the USD (90 ) 99 5% in NIS (9,471 ) 9,471 December 31, 2022 Increase Increase Equity Equity € thousands Change in the exchange rate of: 5% in the USD 155 (155 ) 5% in NIS (963 ) 963 (2) Interest rate risk The Company is exposed to changes in fair value, as a result of changes in interest rate in connection with its loans and borrowings. The debt instruments of the Company bear interest at variable rates. The Company entered into various project finance agreements that are based on EURIBOR rate and on the Bank of Israel interest rate and therefore it may be affected by adverse movements in interest rates. The Company utilizes interest rate swap derivatives to convert certain floating-rate debt to fixed-rate debt. The Company’s interest rate swap derivatives involve an agreement to pay a fixed-rate interest and receive a floating-rate interest, at specified intervals, calculated on an agreed notional amount that matches the amount of the original loan and paid on the same installments and maturity dates. Sensitivity analysis A change in interest rate would have increased (decreased) the profit in the financial statements by the amounts shown below: December 31, 2023 2022 Profit or loss Profit or loss € in thousands Increase of 1% 736 161 Increase of 3% 2,204 520 Decrease of 1% (734 ) (196 ) Decrease of 3% (2,201 ) (556 ) (3) Electricity market prices risk As a result of the Company’s operations in the electricity market, the Company is exposed to the impact of changes in electricity prices. In order to manage its exposure to changes in the electricity prices, in June 2018, Talasol executed the Talasol PPA. The power produced by the Talasol PV Plant is expected to be sold by Talasol in the open market for the then current market power price and the Talasol PPA is expected to hedge the risks associated with fluctuating electricity market prices by allowing Talasol to secure approximately 80% of its income for the power production included under the Talasol PPA. The hedge transaction becomes effective on Talasol requesting that the counter party fix the fixed price pursuant to the price adjustment mechanism. The Talasol PPA became effective in March 2019 and its accounting treatment is according to cash flow hedge. The fair value of the Talasol PPA 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. The valuation technique for assessing electricity future prices projections takes into consideration unobservable market data and complex pricing models. In 2021, Talasol deposited €10 million in Talasol’s bank account as security for a letter of credit to the PPA provider. This security fund is reduced by 10% every year, up to a minimum amount of €3.5 million, which will be released at the expiration of the PPA. F. Fair value (1) Fair values versus carrying amounts The carrying amounts of certain financial assets and liabilities, including cash and cash equivalents, other accounts receivables, pledged deposits, financial derivatives credit from banks and trade payables and other accounts payables are the same or proximate to their fair value. The fair values of the other financial liabilities, together with the carrying amounts shown in the statement of financial position, are as follows: December 31, 2023 Fair value Valuation techniques Inputs used to Carrying for determining determine amount Level 1 Level 2 Level 3 fair value fair value € in thousands Non-current liabilities: Debentures 140,087 134,464 - - Loans from banks and others (including current maturities) 281,938 - 231,057 - Discounting future cash flows by the market interest rate on the date of measurement. See Note 21F(2) 422,025 134,464 231,057 - December 31, 2022 Fair value Valuation techniques Inputs used to Carrying for determining determine amount Level 1 Level 2 Level 3 fair value fair value € in thousands Non-current liabilities: Debentures 110,428 102,957 - - Loans from banks and others (including current maturities) 273,863 - 217,073 - Discounting future cash flows by the market interest rate on the date of measurement. See Note 21F(2) 384,291 102,957 217,073 - (2) Interest rates used for determining fair value The interest rates used to discount estimated cash flows, when applicable, are based on the government yield curve at the reporting date plus an adequate credit spread, and were as follows: December 31, 2023 2022 % Non-current liabilities: Loans from banks Discount rate of Euribor+ 2% with a zero floor Discount rate of Euribor+ 2% with a zero floor Loans from banks fixed rate for several years 3.1%-6% Linkage to Euribor fixed rate for 5 years 2.65%-4.5% Linkage to Euribor Loans from banks 2.58%-4.78% Linkage to Consumer price index in Israel 2.58% Linkage to Israeli CPI Loans from banks Floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%. Floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%. Loans from banks fixed rate of 2.58%-3.03% fixed rate 2.58%-3.03% Loans from others Euribor+ 5.27% Euribor+ 5.27% Loans from others 7% Linkage to Consumer price index in Israel and fixed rate of 5.5% 7% Linkage to Israeli CPI and fixed rate of 5.5% (3) Fair values hierarchy The financial instruments presented at fair value are grouped into classes with similar characteristics using the following fair value hierarchy which is determined based on the source of data used in the measurement: Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. 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). December 31, 2023 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Swap contracts - 882 - 882 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 - - 5,698 5,698 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. (4) Level 3 financial instruments carried at fair value The table hereunder presents 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 January 1, 2022 (20,894 ) Total income recognized in profit or loss 49,679 * Total income recognized in other comprehensive income (90,322 )* Balance as at December 31, 2022 (61,537 ) Total income recognized in profit or loss 13,777 Total income recognized in other comprehensive income 53,548 Balance as at December 31, 2023 5,698 * Reclassified

Operating Segments

Operating Segments	12 Months Ended
	Dec. 31, 2023
Operating Segments [Abstract]
Operating Segments	Note 22 - Operating Segments The C om pany’s reportable segments, which form the Company’s strategic business units, are described below: ● PV Plants – Operation of installations that convert the energy in sunlight into electrical energy (i) approximately 7.9MWp aggregate installed capacity of photovoltaic power plants in Spain, (ii) Ellomay Solar S.L.U, a photovoltaic plant with a peak capacity of 28 MW in the municipality of Talaván, Cáceres, Spain, that was connected to the electricity grid at June 24, 2022 (iii) 51% of Talasol, with a peak capacity of 300 MW in the municipality of Talaván, Cáceres, Spain, (iv) a photovoltaic power plant of approximately 9 MWp installed capacity in Israel (v) 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 Lazio Region, Italy, (vi) 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 Italy that have reached “ready to build” status and (vii) Fairfield Solar Project, LLC, Malakoff Solar I, LLC, Malakoff Solar II, LLC, Mexia Solar I, LLC, Mexia Solar II, LLC, and Talco Solar, LLC, that are developing photovoltaic projects with installed capacity of 13.44 MW, 6.96 MW, 6.96 MW, 5.6 MW, 5.6 MW and 10.3 MW, respectively, in the Dallas Metropolitan area, Texas, that have reached “ready to build” status. ● Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V. (BioGas), 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 Nm3 per year, respectively. ● Dorad Energy Ltd. (Dorad) – 9.375% indirect interest in Dorad, which owns and operates a combined cycle power plant based on natural gas, with production capacity of approximately 860 MW, located south of Ashkelon, Israel. ● Pumped storage hydro power plant (Manara) – 83.333% indirect interest in a company constructing a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel. Factors that management used to identify the Company’s reportable segments The Company’s strategic business units offer different products, and the allocation of resources and evaluation of performance is managed separately because they require different technology. For each of the strategic business units, the Company’s chief operating decision maker (“CODM”) reviews internal management reports on at least a quarterly basis. The following summary describes the operations in each of the Company’s operating segments. The Company presented the photovoltaic power plants per geographical areas, as the information collected and analyzed by the CODM in connection with the PV Plants is presented based on the physical location of the PV Plant. The CODM reviews the NIS denominated information on Dorad and the PV Plant located in Israel and the information presented in the tables below is translated into euro. The CODM reviews the results of Dorad according to the Company’s share in Dorad. In the reports analyzed by the CODM, the PV Plant located in Israel is presented under the fixed asset model and not under the financial asset model as per IFRIC 12, please see the adjusted gross profit calculation. Performance is measured based on segment adjusted gross profit as included in reports that are regularly reviewed by the chief operating decision maker. Segment adjusted gross profit is used to measure performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries. PV Ellomay Solar Talasol Israel Bio Gas Dorad Manara Total reportable Total Italy Spain Spain Spain USA operation) Netherland Israel Israel segments Reconciliations consolidated For the year ended December 31, 2023 € in thousands Revenues - 2,791 4,051 24,971 - 675 17,021 63,973 - 113,482 (64,648 ) 48,834 Operating expenses - (517 ) (1,825 ) (5,786 ) - (342 ) (14,733 ) (47,322 ) - (70,525 ) 47,664 (22,861 ) Depreciation expenses - (912 ) (946 ) (11,459 ) - (461 ) (2,670 ) (5,689 ) - (22,137 ) 6,126 (16,012 ) Gross profit (loss) - 1,362 1,280 7,726 - (128 ) (382 ) 10,962 - 20,820 (10,858 ) 9,961 Adjusted gross profit (loss) - 1,362 1,280 7,726 - 1,223 (382 ) 10,962 - 22,171 (10,986 ) 9,961 Project development costs (4,465 ) General and administrative expenses (5,283 ) Share of loss of equity accounted investee 4,320 Operating profit 4,533 Financing income 8,747 Financing expenses in connection with derivatives and warrants, net 251 Financing expenses, net (12,555 ) Profit before taxes on income 976 Segment assets as at December 31, 2023 40,054 12,807 18,666 231,142 6,267 28,297 31,164 97,339 169,783 635,519 (22,667 ) 612,852 PV Ellomay Solar Talasol Israel (Discontinued Bio Gas Dorad Manara Total reportable Total Italy Spain Spain Spain operation) Netherland Israel Israel 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 (63,932 ) 52,241 Operating expenses - (322 ) (1,399 ) (8,764 ) (418 ) (13,186 ) (47,442 ) - (71,531 ) 47,860 (23,671 ) Depreciation expenses - (908 ) (427 ) (11,400 ) (512 ) (2,824 ) (6,339 ) - (22,410 ) 6,830 (15,580 ) Gross profit (loss) - 2,034 1,771 12,576 189 (3,370 ) 9,032 - 22,232 (9,242 ) 12,990 Adjusted gross profit (loss) - 2,034 1,771 12,576 1,565 (3,370 ) 9,032 23,608 (10,618 ) 12,990 Project development costs (3,784 ) General and administrative expenses (5,855 ) Share of loss of equity accounted investee 1,206 Operating profit 4,557 Financing income 6,443 Financing expenses in connection with derivatives and warrants, net 605 Financing expenses, net (10,524 ) Profit before taxes on income 1,081 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 PV Ellomay Solar Talasol Israel (Discontinued Bio Gas Dorad Manara Total reportable Total Italy Spain Spain Spain operation) Netherland Israel Israel segments Reconciliations consolidated For the year ended December 31, 2021 € in thousands Revenues - 2,587 - 29,432 1,016 12,686 51,630 - 97,351 (52,646 ) 44,705 Operating expenses - (472 ) - (6,305 ) (367 ) (10,446 ) (39,175 ) - (56,765 ) 39,542 (17,223 ) Depreciation expenses - (904 ) - (10,586 ) (475 ) (3,135 ) (5,539 ) - (20,639 ) 5,998 (14,641 ) Gross profit (loss) - 1,211 - 12,541 174 (895 ) 6,916 - 19,947 (7,106 ) 12,841 Adjusted gross profit (loss) - 1,211 - 12,541 1,514 (895 ) 6,916 - 21,287 (8,446 ) 12,841 Project development costs (2,508 ) General and administrative expenses (5,624 ) Share of loss of equity accounted investee 117 Operating profit 4,826 Financing income 673 Financing expenses in connection with derivatives and warrants, net (841 ) Financing expenses, net (27,593 ) Loss before taxes on income (22,935 ) 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 Geographical information The Company is domiciled in Israel and it operates in Israel, Spain, Italy and USA through its subsidiaries that promote, develop and own PV Plants, in the Netherlands through its subsidiaries that own anaerobic digestion plants and also in Israel through Ellomay Luzon Energy. The following table lists the revenues from the Company’s operations in Spain, Israel and the Netherlands: For the year ended December 31 2023 2022 2021 € in thousands Spanish PV segment 2,791 3,264 2,587 Ellomay Solar PV segment (Spain) 4,051 3,597 - Talasol PV segment (Spain) 24,971 32,740 29,432 Netherlands biogas segment 17,021 12,640 12,686 Total revenues 48,834 52,241 44,705 The following table lists the non-current assets, net from the Company’s operations in Spain, Israel, USA, Italy and the Netherlands: As at December 31 2023 2022 Non-current assets (*) € in thousands Spain 238,580 251,574 Israel 195,248 187,798 USA 6,041 - Italy 33,711 20,363 Netherlands 25,871 26,749 Total fixed assets, net 499,451 486,484 (*) Other than financial instruments, deferred tax assets and employee benefit assets.

Discontinued operation and Disp

Discontinued operation and Disposal Groups Held for Sale	12 Months Ended
	Dec. 31, 2023
Discontinued operation and Disposal Groups Held for Sale [Abstract]
Discontinued operation and Disposal Groups Held for Sale	Note 23 - Discontinued operation and Disposal Groups Held for Sale On December 31, 2023, the Company executed an agreement to sell its holdings in the Talmei Yosef PV Plant (the “Talmei Agreement”), the entire Israel segment. The Talmei Agreement provides for the sale of the Company’s holdings in the Talmei Yosef PV Plant to Greenlight Fund Limited Partnership and Doral Group Renewable Energy Resources Ltd., in equal parts, in consideration for NIS 44.75 million (approximately €11.2 million), with an additional potential payment of up to NIS 4 million (approximately €1 million) in the event the Talmei Yosef PV Plant will produce more than 18 million Kwh during 2024. The Agreement further provides for a cutoff date of June 30, 2023, and at closing the parties will determine whether an adjustment to the purchase price is required reflect the Company’s entitlement to revenues (net of expenses) up to such date, taking into account the results and the cash held by the project company. The Company does not expect a material adjustment to the purchase price. The Talmei Agreement includes customary representations and indemnification undertakings in connection with breaches of representations, which, other than with respect to customary exceptions, are subject to a cap of NIS 9 million (approximately €2.2 million) and limited to a period of 18 months from the closing date. The consummation of the sale is subject to various customary conditions to closing, including receipt of regulatory approvals and the consent of the financing entity of the Talmei Yosef PV Plant. All conditions to closing are required to be fulfilled within a period of 90 days from execution of the Talmei Agreement, which can be extended to up to 150 days under certain circumstances. On April 2, 2024, an addendum to the Talmei Agreement was executed, providing for a 45-day extension of the deadline for fulfillment of the conditions to closing and therefore setting the deadline for May 15, 2024. The Talmei Yosef PV Plant is located in southern Israel. One of the conditions to closing is the end of the war in southern Israel for a pre-determined period (based on the official definitions published by the Israeli Authorities) and that the Talmei Yosef PV Plant is physically accessible. Based on the circumstances as of the date hereof, this condition is currently fulfilled. The closing of the sale is currently expected during the second quarter of 2024. In addition, the Talmei Agreement provides that in the event that due to the current war and hostilities in Israel the facility will be damaged or its output will decrease, the buyers will have the right not to consummate the acquisition of the plant. In connection with the expected sale of the Talmei Yosef PV Plant, the Company presents the results of the Talmei Yosef PV Plant as a discontinued operation. The assets and liabilities of the Talmei Yosef PV Plant were presented as held for sale. The segment was not a discontinued operation or classified as held for sale as at December 31, 2022 and the comparative income statement for 2022 and 2021 has been restated to show the discontinued operation separately from continuing operations. Management committed to a plan to sell this segment at the end of 2023 following the signature of the agreement. As at December 31, 2023, the disposal groups comprised assets of €28,297 thousand less liabilities of €17,142 thousand. A. Impairment losses and reversal of impairment loss An impairment loss of €2,565 thousand on the re-measurement of the disposal group to the lower of its carrying amount and its fair value based on Talmei Agreement, based on Talmei Agreement, less costs to sell has been recognized in the statement of income. B. Assets and liabilities of disposal groups held for sale Assets of disposal groups classified as held for sale December 31 2023 € in thousands Cash and cash equivalents 428 Short-term deposits 12 Receivable from concession project 23,426 Trade and other receivables 587 Right-of-use asset 1,204 Intangible asset 917 Restricted cash and deposits 1,694 Long term receivables 29 Total 28,297 Liabilities of disposal groups classified as held for sale December 31 2023 € in thousands Trade payables 39 Other payables 18 Lease liability 1,321 Long-term bank loans including current maturities 13,047 Deferred tax liabilities 2,717 17,142 D. Results attributable to discontinued operation For the year ended December 31 2023 2022 2021 € in thousands € in thousands € in thousands Results of discontinued operation Revenue 675 1,119 1,016 Operating expenses 342 418 367 Depreciation and amortization expenses 461 512 475 Gross profit (loss) from operating activities (128 ) 189 174 General and administrative expenses 33 37 37 Operating profit (loss) from operating activities (161 ) 152 137 Financing income 1,792 3,121 2,258 Financing expenses 1,269 2,111 1,381 Financing income, net 523 1,010 877 Results from operating activities before taxes on income 362 1,162 1,014 Taxes on income (247 ) (451 ) (255 ) Results from operating activities, net of taxes on income 115 711 759 Loss on adjustment to fair value (2,565 ) - - Tax benefit on loss from sale of discontinued operation 663 - - Profit (loss) for the year (1,787 ) 711 759 Earnings per share Basic earnings (loss) per share (in € (0.14 ) 0.06 0.06 Diluted earnings (loss) per share (in € (0.14 ) 0.06 0.06 Cash flows from discontinued operation Net cash (used in) from operating activities 2,587 2,445 2,471 Net cash (used in) from investing activities (462 ) (1,327 ) (604 ) Net cash (used in) from financing activities (2,127 ) (2,126 ) (2,099 ) Net cash from (used in) discontinued operation (2 ) (1,008 ) (232 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 24 - Subsequent Events On January 16, 2024 On April 17, 2024, the Company issued NIS 40 million par value of its unsecured non-convertible Series F Debentures, in a private placement to Israeli classified investors for an aggregate gross consideration of approximately NIS 37.8 million, reflecting a price of NIS 0.946 per NIS 1 principal amount Series F Debentures. Following completion of the private placement, the aggregate outstanding par value of the Company’s Series F Debentures is NIS 210 million.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of consolidation and equity method accounting	A. Basis of consolidation and equity method accounting (1) Subsidiaries Subsidiaries are entities controlled by the Company. Control exists when the Company is exposed, or has rights, to variable returns from its involvement with the acquiree and it has the ability to affect those returns through its power over the acquiree. Substantive rights held by the Company and others are taken into account when assessing control. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control is lost. (2) Non-controlling interests Non-controlling interests comprise the equity of a subsidiary that cannot be attributed, directly or indirectly, to the parent company and they include additional components such as Issuance of capital note only to the non-controlling interest and share options of subsidiaries. Allocation of profit or loss and other comprehensive income to the shareholders Profit or loss and any part of other comprehensive income are allocated to the owners of the Company and the non-controlling interests. Total comprehensive income is allocated to the owners of the Company and the non-controlling interests even if the result is a negative balance of non-controlling interests. Transactions with non-controlling interests, while retaining control Transactions with non-controlling interests while retaining control are accounted for as equity transactions. Any difference between the consideration paid or received and the change in non-controlling interests is included in the owners’ share in equity of the Company directly in Transaction reserve with non-controlling interests. (3) Investment in associates and joint ventures (equity accounted investees) Associates are those entities in which the Company has significant influence, but not control or joint control, over the financial and operating policies. There is a rebuttable presumption that significant influence exists when the Company holds between 20% and 50% of another entity. Joint ventures are joint arrangements in which the Company has rights to the net assets of the arrangement. Associates and joint ventures are accounted for using the equity method (equity accounted investees) and are recognized initially at cost. The cost of the investment includes transaction costs that are directly attributable to an expected acquisition of an associate or joint venture. The consolidated financial statements include the Company’s share of the income and expenses in profit or loss and of other comprehensive income of equity accounted investees, after adjustments to align the accounting policies with those of the Company, from the date that significant influence commences until the date that significant influence ceases. Long-term interests in associates and joint ventures that, in substance, form part of the net investment in the associate or joint venture, such as preferred shares and long-term loans that their repayment is not expected and is unlikely to occur in the foreseeable future, are first accounted for in accordance with the guidance of IFRS 9 and then the equity method is applied in accordance with the guidance of IAS 28.
Foreign currency	B. Foreign currency (1) Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of the Company at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated to the functional currency at the exchange rate at that date. The foreign currency gain or loss on monetary items is the difference between amortized cost in the functional currency at the beginning of the year, adjusted for effective interest and payments during the year, and the amortized cost in foreign currency translated at the exchange rate at the end of the year. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate at the date that the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Foreign currency differences arising on translation are generally recognized in profit or loss, except for qualifying cash flow hedges to the extent the hedge is effective, which are recognized in other comprehensive income. (2) Foreign operations The assets and liabilities of foreign operations, including adjustments arising on consolidation, are translated at exchange rates at the reporting date. The income and expenses for each period presented in the statement of profit or loss and other comprehensive income (loss) are translated at average exchange rates for the presented periods; however, if exchange rates fluctuate significantly, income and expenses are translated at the exchange rates at the date of the transactions. Foreign currency exchange differences are recognized in equity as a separate component of other comprehensive income (loss): “foreign currency translation adjustments”. When the foreign operation is a non-wholly-owned subsidiary of the Company, then the relevant proportionate share of the foreign operation translation difference is allocated to the non-controlling interests. Foreign exchange gains and losses arising from a monetary item receivable from, or payable to, a foreign operation, the settlement of which is neither planned nor likely in the foreseeable future, are considered to form part of a net investment in a foreign operation and are recognized in other comprehensive income (loss) and are presented within equity as part of the translation reserve. (3) Presentation Currency For the convenience of the reader, the reported euro figures as of December 31, 2023 and for the year then ended, are also presented in dollars, translated at the representative rate of exchange as of December 31, 2023 (euro 1.106 = US$ 1.00). The dollar amounts presented in these financial statements should not be construed as representing amounts that are receivable or payable in dollars or convertible into dollars, unless otherwise indicated.
Financial instruments	C. Financial instruments (1) Trade accounts receivables, services concession receivables and other receivables The Company initially recognizes receivables on the date that they are created. Receivables without a significant financing component are initially measured at the transaction price and subsequently measured at amortized cost, using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in profit or loss. (2) Non-derivative financial liabilities The Company’s financial liabilities include loans and borrowings, trade payables, other payables, finance lease obligations, debentures, long-term loans and other long-term liabilities. The Company initially recognizes debt securities issued on the date that they originated. All other financial liabilities are recognized initially on the trade date at which the Company becomes a party to the contractual provisions of the instrument. Financial liabilities are recognized initially at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these financial liabilities are measured at amortized cost using the effective interest method. Financial liabilities are derecognized when the obligation of the Company, as specified in the agreement, expires or when it is discharged or cancelled. (3) Derivative financial instruments, including hedge accounting The Company holds both derivative financial instruments to hedge its interest rate risk exposures and fluctuating electricity prices risk exposures and derivatives that do not serve hedging purposes. Hedge accounting The Company designates certain derivatives as hedging instruments in order to hedge changes in cash flows that relate to highly probable forecasted transactions and which derive from changes in fluctuation in the electricity prices and changes in interest on variable-rate loans. The Company continues to apply IAS 39 for the hedge accounting. The Company makes an assessment, both at the inception of the hedge relationship as well as on an ongoing basis, as to whether the hedging instruments are expected to be “highly effective” in offsetting the changes in the fair value or cash flows of the respective hedged items during the period for which the hedge is designated, and whether the actual results of each hedge are within a range of 80-125 percent. Measurement of derivative financial instruments Derivatives are recognized initially at fair value and attributable transaction costs are recognized in profit or loss as incurred. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. Cash flow hedges When a derivative instrument is designated as a cash flow hedge, the effective portion of the changes in fair value of the derivative is recognized in other comprehensive income, directly within a hedging reserve. The effective portion of changes in fair value of a derivative, recognized in other comprehensive income, is limited to the cumulative change in fair value of the hedged item (based on present value), from inception of the hedge. The change in fair value in respect of the ineffective portion is recognized immediately in profit or loss. If the hedge no longer qualifies as an accounting hedge, or the hedging instrument is sold, expires, is terminated or exercised, hedge accounting is discontinued on a prospective basis. When hedge accounting is discontinued, the amounts accumulated in the past in the hedging reserve and cost of hedging reserve remain in the reserve, until such time as they are included in the initial cost of the non-financial item (for hedged transactions whose result is a non-financial item), or until such time as they are reclassified to profit or loss in the period, or periods, in which the hedged forecasted future cash flows affect profit or loss (for other cash flows hedges). Economic hedges Hedge accounting is not applied to derivative instruments that economically hedge financial assets and liabilities denominated in foreign currencies. Changes in the fair value of such derivatives are recognized in profit or loss under financing income or expenses. (4) Interest Rate Benchmark Reform When the basis for determining the contractual cash flows of a financial asset or financial liability measured at amortized cost changes as a result of interest rate benchmark reform, the Company updates the effective interest rate of the financial asset or financial liability to reflect the change required by the reform. When changes are made to a financial asset or financial liability in addition to changes to the basis for determining the contractual cash flows required by interest rate benchmark reform, in addition to adjusting the effective interest rate as a result of the reform the Company applies on accounting for substantial modifications in terms of debt instruments. (5) CPI-linked assets and liabilities that are not measured at fair value The value of CPI-linked financial assets and liabilities, which are not measured at fair value, is re-measured every period in accordance with the actual increase/decrease in the CPI.
Fixed assets	D. Fixed assets (1) Recognition and measurement Fixed assets items are measured at cost less accumulated depreciation. Cost includes expenditures that are directly attributable to the acquisition of the fixed asset. The cost of self-constructed assets includes the cost of materials and direct labor, any other costs directly attributable to bringing the assets to a working condition for their intended use, an estimate of the costs of dismantling and removing the items and restoring the site on which they are located, and capitalized borrowing costs (mainly specific). Project licenses are included in the cost of photovoltaic plants. The costs of replacing part of a fixed asset item and other subsequent expenses are capitalized if it is probable that the future economic benefits associated with them will flow to the Company and their cost can be measured reliably. The carrying amount of the replaced part of a fixed asset item is derecognized. The costs of day-to-day servicing are recognized in profit or loss as incurred. Gains and losses on disposal of a fixed asset item are determined by comparing the net proceeds from disposal with the carrying amount of the asset, and are recognized in profit or loss. (2) Depreciation Depreciation is a systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount is the cost of the asset, or other amount substituted for cost, less its residual value. An asset is depreciated from the date it is ready for use, meaning the date it reaches the location and condition required for it to operate in the manner intended by management. Depreciation is recognized in profit or loss on a straight-line basis over the estimated useful lives of each part of the fixed asset item. The estimated useful lives are as follows: % per annum Mainly % Office furniture and equipment 6-33 33 Photovoltaic plants in Spain 5 5 Biogas plants in the Netherlands 8 8 Leasehold improvements Over the shorter of the lease period or the life of the asset 7 The estimated useful life of the project licenses of photovoltaic plants that are carried at cost is 20-25 years for the Company’s Spanish subsidiaries. The estimated useful life of the project licenses of the Company’s Netherlands anaerobic digestion plants that are carried at cost is 13 years. The fixed assets residual values, useful lives and methods of depreciation are reviewed at each financial year-end and adjusted if appropriate.
Impairment for non-financial assets	E. Impairment for non-financial assets The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash-generating unit”). The Company views each PV plant as a separate cash-generating unit. The recoverable amount of an asset or cash-generating unit is the greater of its fair value less costs of disposal and its value in use.
Leases	F. Leases (1) Leased assets and lease liabilities Contracts that award the Company control over the use of a leased asset for a period of time in exchange for consideration are accounted for as leases. Upon initial recognition, the Company recognizes a liability at the present value of the balance of future lease payments (these payments do not include certain variable lease payments), and concurrently recognizes a right-of-use asset at the same amount of the lease liability, adjusted for any prepaid or accrued lease payments, plus initial direct costs incurred in respect of the lease. Since the interest rate implicit in the Company’s leases is not readily determinable, the incremental borrowing rate of the lessee is used. Subsequent to initial recognition, the right-of-use asset is accounted for using the cost model and depreciated over the shorter of the lease term or useful life of the asset. The Company has elected to apply the practical expedient by which short-term leases of up to one year and/or leases in which the underlying asset has a low value, are accounted for such that lease payments are recognized in profit or loss on a straight-line basis, over the lease term, without recognizing an asset and/or liability in the statement of financial position. (2) Variable lease payments Variable lease payments that depend on an index or a rate, are initially measured using the index or rate existing at the commencement of the lease and are included in the measurement of the lease liability. When the cash flows of future lease payments change as the result of a change in an index or a rate, the balance of the liability is adjusted against the right-of-use asset. Other variable lease payments that are not included in the measurement of the lease liability are recognized in profit or loss in the period in which the event or condition that triggers payment occurs. (3) Depreciation of right-of-use asset After lease commencement, a right-of-use asset is measured on a cost basis less accumulated depreciation and accumulated impairment losses and is adjusted for re-measurements of the lease liability. Depreciation is calculated on a straight-line basis over the useful life or contractual lease period, whichever earlier. The main right of use assets are lands which are depreciated over 20-40 years.
Revenue recognition	G. Revenue recognition Revenues are derived primarily from the sale of electricity and natural gas to customers. Revenues are recognized when the customer obtains control over the promised products, i.e. when the natural gas or electricity is delivered to the customer. The revenue is measured according to the amount of consideration to which the Company expects to be entitled in exchange for the products promised to the customer, other than amounts collected for third parties. Revenues from the sale of electricity and natural gas are recognized when the units produced are transferred to the grid at connection points on the basis of a meter reading. Revenues in respect of units produced and transferred to the grid in the period between the most recent meter reading and the date of the statement of financial position, are included based on an estimate. In some of the Company’s PV plants in Spain, the proceeds from the sale of electricity also depend on the subsidies granted by the local government in accordance with changes in the market prices of electricity. The Company measures revenues while taking into account the increase or decrease of the subsidies it will receive as a result of changes in market prices throughout the current year.
Income tax	H. Income tax Income tax consists of current tax and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that the tax arises from items which are recognized directly in equity. In such cases, the tax effect is also recognized in the relevant item in equity. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes, except for a limited number of exceptions, including differences relating to investments in subsidiaries, joint arrangements and associates, to the extent that the Company is able to control the timing of the reversal of the temporary difference and it is probable that they will not reverse in the foreseeable future, either by way of selling the investment or by way of distributing dividends in respect of the investment. A deferred tax asset is recognized for unused tax losses, tax benefits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Deferred tax assets that were not recognized are reevaluated at each reporting date and recognized if it has become probable that future taxable profits will be available against which they can be utilized.
Financing income and expenses	I. Financing income and expenses Financing income comprises interest income on bank deposits and marketable securities, gains on changes in the fair value of financial assets at fair value through profit or loss, gains on hedging instruments that are recognized in profit or loss and exchange rate differences. Interest income is recognized as it accrues. Changes in the fair value of financial assets at fair value through profit or loss also include income from dividends and interest. Financing expenses consist of bank charges, interest expenses on borrowings and debentures, changes in the fair value of financial assets at fair value through profit or loss, losses on hedging instruments that are recognized in profit or loss, and exchange rate differences. Borrowing costs, which are not capitalized to qualifying assets, are recognized in profit or loss using the effective interest method. Foreign currency gains and losses on financial assets and financial liabilities are reported on a net basis as either financing income or financing expenses depending on whether foreign currency movements are in a net gain or net loss position. In the statements of cash flows, interest received and interest paid are presented as part of cash flows from operating activities. Financing costs that were capitalized to qualifying assets are presented as part of cash flows from investment activities .
Service concession arrangements	J. Service concession arrangements As part of service concession arrangements with government bodies for the construction and operation of a facility in consideration for fixed and variable payments, the Company recognizes a financial asset commencing from the start of the construction of the facility when it has an unconditional right to receive cash or some other financial asset for the construction services. The financial asset reflects the unconditional payments receivable in the future from the government body and bears an appropriate rate of interest for risk that is determined based on the risk of the customer. The aforementioned financial assets are stated at fair value upon initial recognition and at amortized cost in subsequent periods. As from January 1, 2018, the Company’s right to receive consideration for the construction services, constitutes a contract asset until the end of the construction period. In projects accounted for using the financial asset model, when at the end of the construction period there is an unconditional right (other than that of the passing of time) to receive consideration for the construction services, the contract asset is classified to receivables (financial asset) according to the carrying amount of the contract asset.
Discontinued operations	K. Discontinued operations The Company classifies an operation as a discontinued operation when it meets the criteria to be classified as held for sale. The discontinued operation is a component of the Company’s business that represents a separate major line of business. The comparative income statement is restated as if the operation had been discontinued from the start of the earliest comparative period.
New standards, amendments to standards and interpretations not yet adopted	L. New standards, amendments to standards and interpretations not yet adopted Amendment to IAS 1, Presentation of Financial Statements: Classification of Liabilities as Current or Non-Current (“the IAS 1 Amendment”) and subsequent amendment: Non-Current Liabilities with Covenants (“the IAS 1Subsequent Amendment”) The IAS 1 Amendment, together with the IAS 1 Subsequent Amendment (see below), replaces certain requirements for classifying liabilities as current or non-current. According to the IAS 1 Amendment, a liability will be classified as non-current when the entity has the right to defer settlement for at least 12 months after the reporting period, and it “has substance” and is in existence at the end of the reporting period. According to the IAS 1 Subsequent Amendment, as published in October 2022, covenants with which the entity must comply after the reporting date do not affect classification of the liability as current or non-current. Additionally, the IAS 1 Subsequent Amendment adds disclosure requirements for liabilities subject to covenants within 12 months after the reporting date, such as disclosure regarding the nature of the covenants, the date they need to be complied with and facts and circumstances that indicate the entity may have difficulty complying with the covenants. Furthermore, the IAS 1 Amendment clarifies that the conversion option of a liability will affect its classification as current or non-current, other than when the conversion option is recognized as equity. The IAS 1 Amendment and the IAS 1 Subsequent Amendment are effective for reporting periods beginning on or after January 1, 2024 with earlier application being permitted. The IAS 1 Amendment and IAS 1 Subsequent Amendment are applicable retrospectively, including an amendment to comparative data. In the opinion of the Company, with regard to current loans and covenants of the Company, application of the IAS 1 Amendment and the IAS 1 Subsequent Amendment is not expected to have a material effect on the Company.

Material Accounting Policies (T

Material Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Material Accounting Policies [Abstract]
Schedule of Estimated Useful Lives	The estimated useful lives are as follows: % per annum Mainly % Office furniture and equipment 6-33 33 Photovoltaic plants in Spain 5 5 Biogas plants in the Netherlands 8 8 Leasehold improvements Over the shorter of the lease period or the life of the asset 7

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	December 31 2023 2022 € in thousands Cash 21,093 14,768 On call deposits 30,034 31,690 Cash and cash equivalents 51,127 46,458 Cash and cash equivalents in the statement of cash flows 51,127 46,458

Restricted Cash, Deposits and_2

Restricted Cash, Deposits and Marketable Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Restricted Cash, Deposits and Marketable Securities [Abstract]
Schedule of Restricted Cash	December 31 2023 2022 € in thousands Marketable securities - 2,836 Short-term deposits 997 - Short-term restricted cash (1) 810 900 Restricted cash and bank deposits, long-term (1) 17,386 20,192 (1) Deposits used to secure obligations under agreements (see Notes 6 and 21E(3)) and loan agreements (see Note 11).

Investee Companies and other _2

Investee Companies and other investments (Tables)	12 Months Ended
	Dec. 31, 2023
Investee Companies and other investments [Abstract]
Schedule of Composition of Investments	December 31 2023 2022 € in thousands Investment in shares 31,772 30,029 Long-term loans - 2,665 31,772 32,694 Current maturities - (2,665 ) Investment in equity accounted investee 31,772 30,029
Schedule of Changes in Investments	2023 2022 € in thousands Balance as at January 1 30,029 34,029 Long term loans extended - 128 Dividend distribution (374 ) - Repayment of long-term loans - (149 ) Reevaluation in connection with long term loans - (270 ) The Company’s share of income 4,012 1,206 Foreign currency translation adjustments (1,895 ) (2,250 ) Conversion to short term loan - (2,665 ) Balance as at December 31 31,772 30,029
Schedule of Information on Financial Position	Equity Rate of Current Non- Total Current Non- Total attributable to the owners of the Company’s Surplus costs and Other Carrying amount of ownership assets assets assets liabilities liabilities liabilities Company share goodwill adjustments investment % € in thousands 2023 Ellomay Luzon Energy 50 309 62,735 63,044 (344 ) - (344 ) 62,700 31,350 1,388 (966 ) 31,772 2022 Ellomay Luzon Energy 50 72 63,722 63,794 (5,329 ) - (5,329 ) 58,464 29,232 1,927 (1,130 ) 30,029
Schedule of Information on Operating Results	Rate of ownership as of December Income for the year Company’s share Elimination of interest on loan from related party Other adjustments Company’s share of income of investee % € in thousands 2023 Ellomay Luzon Energy 50 8,807 4,404 308 (392 ) 4,320 2022 Ellomay Luzon Energy 50 (61 ) (31 ) 1,475 (238 ) 1,206
Schedule of Composition of Advances on Account of Investments	December 31 2023 2022 € in thousands On account of development of PV projects in Italy 898 2,328

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Trade and Other Receivables [Abstract]
Schedule of Current Assets - Trade and Other receivables	December 31 2023 2022 € in thousands Current Assets - Trade and Other receivables: Government authorities 4,851 3,752 Income receivable 1,013 1,062 Interest receivable 221 125 Advance tax payment 1,028 566 Trade receivable 205 420 Inventory 1,170 1,201 Derivatives (see Note 21) 275 273 Loan to others 1,246 - Prepaid expenses and other 1,983 2,033 Current maturities of loans given to an equity accounted investee - 2,665 11,992 12,097 Non-current Assets - Long term receivables: Prepaid expenses associated with long-term loans 9,265 8,417 Annual rent deposits 656 290 Loans to others 509 546 Other 16 17 10,446 9,270

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Fixed Assets [Abstract]
Schedule of Fixed Assets	Office Photovoltaic Pumped Biogas furniture and plants storage plants equipment Total € in thousands Cost Balance as at January 1, 2023 266,062 102,472 36,355 224 405,113 Additions 19,762 42,178 1,792 27 63,759 Transfer to disposal groups held for sale - - - (18 ) (18 ) Effect of changes in exchange rates (108 ) (6,019 ) - - (6,127 ) Balance as at December 31, 2023 285,716 138,631 38,147 233 462,727 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 year 12,736 - 2,644 25 15,405 Transfer to disposal groups held for sale - - - (18 ) (18 ) Effect of changes in exchange rates - - - 1 1 Balance as at December 31, 2023 42,266 - 12,296 183 54,745 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 January 1, 2022 233,730 78,892 28,240 35 340,897 As at December 31, 2022 236,532 102,472 26,703 49 365,756 As at December 31, 2023 243,450 138,631 25,851 50 407,982
Schedule of Investments in Photovoltaic Plants	Presented hereunder are data regarding the Company’s investments in photovoltaic plants as at December 31, 2023: PV Plant Title Original nominal Connection to grid/Other Cost included in book value as at December 31, 2023 € in thousands “Ellomay Spain – Rinconada II” 2.275 MWP June 2010 5,509 “Rodríguez I” 1.675 MWP November 2011 3,662 “Rodríguez II” 2.691 MWP November 2011 6,631 “Fuente Librilla” 1.248 MWP June 2011 3,212 “Talasol” 300 MWP January 2021 220,061 “Ellomay Solar” 28 MWP July 2022 18,074 “Solar Italy One” 14.8 MWP Under construction 12,056 “Solar Italy Two” 4.95 MWP Under construction 4,069 “Solar Italy Four” 15.6 MWP Ready to Build status 553 “Solar Italy Five” 87.2 MWP Ready to Build status 4,535 “Solar Italy Seven” 54.77 MWP Ready to Build status 1,852 “Solar Italy Nine” 8 MWP Ready to Build status 464 “Solar Italy Ten” 18 MWP Ready to Build status 1,071 “Fairfield Solar” 13.44 MWP Ready to Build status 1,100 “Mexia Solar I” 5.6 MWP Ready to Build status 808 “Mexia Solar II” 5.6 MWP Ready to Build status 341 “Malakoff Solar I” 6.96 MWP Ready to Build status 578 “Malakoff Solar II” 6.96 MWP Ready to Build status 351 “Talco Solar” 10.3 MWP Ready to Build status 789

Other Payables (Tables)

Other Payables (Tables)	12 Months Ended
	Dec. 31, 2023
Other Payables [Abstract]
Schedule of Other Payables	December 31 2023 2022 € in thousands Employees and payroll accruals 497 358 Government authorities 1,602 1,426 Deferred revenues 1,058 1,794 Accrued expenses connected to Manara PSP 5,976 6,392 Other accrued expenses 1,587 853 Taxes on income 139 384 10,859 11,207

Current maturities and short _2

Current maturities and short term bank loans (Tables)	12 Months Ended
	Dec. 31, 2023
Current Maturities and Short Term Bank Loans [Abstract]
Schedule of Current Maturities and Short Term Bank Loans	Composed as follows: Linkage Interest rate December 31 December 31 terms 2022 and 2023 2023 2022 % € in thousands Current maturities of long term bank loans (refer to Note 11) EURIBOR 2 - 6 3,022 3,261 - 2.58 – 3.03 6,762 7,463 Consumer price index in Israel 4.65 - 2,091 9,784 12,815 Linkage Interest rate December 31 December 31 terms 2022 and 2023 2023 2022 % € in thousands Current maturities of other long term loans (1) EURIBOR 5.27-9.2 5,000 10,000 (1) Loans provided by the minority (49%) holders in Talasol.

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2023
Loans [Abstract]
Schedule of Loans	Composed as follows: Linkage Interest rate December 31 December 31 terms 2022 and 2023 2023 2022 Bank loans % € in thousands EURIBOR 2 - 6 21,132 23,918 - 2.58 - 3.03 156,748 164,212 Bank of Israel interest rate 4.35 - 9.1 5,509 2,986 Consumer price index in Israel 2.75 - 4.78 64,176 51,165 247,565 242,281 Current maturities 9,784 12,815 Long-term loans 237,781 229,466 Linkage Interest rate December 31 December 31 terms 2022 and 2023 2023 2022 Other long-term loans % € in thousands EURIBOR (1) 5.27-9.2 25,055 23,247 Consumer price index in Israel 7 5,806 4,857 Fixed 5 - 5.5 3,512 3,478 34,373 31,582 Current maturities 5,000 10,000 Other long-term loans 29,373 21,582 (1) Loans provided by the minority (49%) holders in Talasol.
Schedule of Aggregate Annual Maturities	The aggregate annual maturities are as follows: December 31 December 31 2023 2022 € in thousands Second year 14,049 13,811 Third year 13,668 15,952 Fourth year 15,828 14,759 Fifth year 24,462 16,026 Sixth year and thereafter 199,147 190,500 Long-term loans 267,154 251,048 Current maturities 14,308 22,187 Short-term loans 476 628 281,938 273,863
Schedule of Movement in Liabilities Deriving from Financing Activities	Movement in liabilities deriving from financing activities Liabilities Loans and Note borrowings Debentures Total € in thousands Balance as at January 1, 2023 273,863 110,428 384,291 Changes from financing activities Proceeds from issue of debentures - 55,808 55,808 Repayment of debentures 12 - (17,763 ) (17,763 ) Receipt of loans 32,157 - 32,157 Repayment of loans (12,736 ) - (12,736 ) Accrued interest 4,284 - 4,284 Linkage 1,849 - 1,849 Transaction costs related to borrowings (686 ) 446 (240 ) Transfer to disposal groups held for sale (13,047 ) - (13,047 ) Total net financing liabilities 285,684 148,919 434,603 Effect of changes in foreign exchange rates (3,746 ) (8,832 ) (12,578 ) Balance as at December 31, 2023 281,938 140,087 422,025 Liabilities Loans and Note borrowings Debentures Total € in thousands Balance as at January 1, 2022 218,895 137,299 356,194 Changes from financing activities Repayment of debentures 12 - (19,764 ) (19,764 ) Receipt of loans 215,170 - 215,170 Repayment of loans (153,751 ) - (153,751 ) Accrued interest 2,488 - 2,488 Linkage 2,029 - 2,029 Transaction costs related to borrowings (3,861 ) 779 (3,082 ) Issuance of capital note to non-controlling interest (3,958 ) - (3,958 ) Total net financing liabilities 277,012 118,314 395,326 Effect of changes in foreign exchange rates (3,149 ) (7,886 ) (11,035 ) Balance as at December 31, 2022 273,863 110,428 384,291

Debentures (Tables)

Debentures (Tables)	12 Months Ended
	Dec. 31, 2023
Debentures [Abstract]
Schedule of Debentures	Composed as follows: December 31, 2023 December 31, 2022 Face value Carrying Face value Carrying € in thousands € in thousands Debentures 141,689 140,087 111,911 110,428 Less current maturities 35,698 35,200 19,078 18,714 Total long-term debentures 105,991 104,887 92,833 91,714
Schedule of Aggregate Annual Maturities	The aggregate annual maturities are as follows: December 31 December 31 2023 2022 € in thousands Second year 35,212 37,779 Third year 28,692 37,792 Fourth year 13,625 16,143 Fifth year 13,657 - Sixth year and thereafter 13,701 - Long-term debentures 104,887 91,714 Current maturities 35,200 18,714 140,087 110,428

Other Long-term Liabilities (Ta

Other Long-term Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Other Long-Term Liabilities [Abstract]
Schedule of Other Long-Term Liabilities	December 31 December 31 2023 2022 € in thousands Warrants Liability (see Note 16) 84 329 Other liabilities (1) 793 1,626 Liabilities for employee’s benefits 62 66 939 2,021 (1) Represents the long-term portion of the potential liability in connection with the acquisition of rights in the Manara PSP. See Note 6B.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Right-of-use Assets	Right-of-use assets Bio Gas Italy Spain Talasol Pumped USA Talmei Yosef Total € in thousands Balance as at January 1, 2023 46 8,733 2,314 7,183 10,413 - 1,331 30,020 Lease agreements entered into during the period - 2,527 - - - 2,142 - 4,669 Depreciation for the year (26 ) (262 ) (126 ) (455 ) (429 ) (24 ) (111 ) (1,433 ) Other - (1,472 ) 139 867 110 - 69 (287 ) Effect of changes in exchange rates - - - - (669 ) (44 ) (85 ) (798 ) Transfer to disposal groups held for sale - - - - - - (1,204 ) (1,204 ) Balance as at December 31, 2023 20 9,526 2,327 7,595 9,425 2,074 - 30,967 Bio Gas Italy Spain Talasol Pumped Talmei Yosef Total € in thousands Balance as at January 1, 2022 170 - 2,755 7,587 11,352 1,503 23,367 Lease agreements entered into during the period - 8,861 - - - - 8,861 Depreciation for the year (124 ) (128 ) (120 ) (404 ) (473 ) (117 ) (1,366 ) Other - - (321 ) - 228 36 (57 ) Effect of changes in exchange rates - - - - (694 ) (91 ) (785 ) Balance as at December 31, 2022 46 8,733 2,314 7,183 10,413 1,331 30,020
Schedule of Maturity Analysis of Company's Lease Liabilities	Maturity analysis of the Company’s lease liabilities December 31, € in thousands Less than one year 700 One to five years 2,970 More than five years 20,710 Total 24,380 Current maturities of lease liability 700 Long-term lease liability 23,680
Schedule of Amounts Recognized in Profit or Loss	Amounts recognized in profit or loss *2023 *2022 *2021 € in thousands Depreciation on right-of-use asset 718 743 774 Interest expenses on lease liability 407 370 367 * The remainder of the depreciation and the interest is capitalized to fixed assets.

Transactions and Balances wit_2

Transactions and Balances with Related Parties (Tables)	12 Months Ended
	Dec. 31, 2023
Transactions and Balances with Related Parties [Abstract]
Schedule of Key Management Personnel and Interested Parties	Compensation to key management personnel and interested parties that are employed by, or provide consulting services to, the Company: Year ended December 31 2023 2022 2021 Number of Number of Number of People Amount People Amount People Amount € thousands € thousands € thousands Short-term Benefits 3 703 3 994 3 763 Post-employment Benefits 2 66 2 72 2 61 Share-based payments 3 80 3 69 3 68
Schedule of Compensation to Directors	Compensation to directors (excluding compensation paid under the Management Agreement): Year ended December 31 2023 2022 2021 Number of Number of Number of people Amount people Amount People Amount € thousands € thousands € thousands Total compensation to directors not employed by the Company 4 80 4 90 4 72 Share-based payments 4 28 4 36 4 10
Schedule of Debts and Loans to Related and Interested Parties	Debts and loans to related and interested parties Interest income recognized in The terms of the loan Balance as at December 31 income for the year ended Interest Linkage rate base 2023 2022 2023 2022 2021 % € thousands Ellomay Luzon Energy 8.1 (*) NIS+ Israeli CPI - 2,665 267 1,398 821 (*) See Note 6A regarding the conversion of approximately NIS 46,933 thousand of the shareholders loans (of which the Company’s portion is approximately NIS 23,467 thousand) to capital notes.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Composition of Share Capital	Composition of share capital December 31, 2023 December 31, 2022 December 31, 2021 Issued and Issued and Issued and Authorized Outstanding(1) Authorized outstanding(1) Authorized Outstanding Number of shares Ordinary shares of NIS 10.00 par value each 17,000,000 12,852,585 (1) 17,000,000 12,852,585 (1) 17,000,000 12,849,295 (1) (1) Net of 258,046 Ordinary shares held as treasury shares as of December 31, 2023, 2022 and 2021, all of which have been purchased according to share buyback programs that were authorized by the Company’s Board of Directors.

Share-Based Payment (Tables)

Share-Based Payment (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment [Abstract]
Schedule of Expenses Recognized in Financial Statements	The expenses recognized in the financial statements for services received from directors and employees is shown in the following table: Year ended December 31 2023 2022 2021 € thousand Expenses arising from share-based payment transactions 122 127 63
Schedule of Black-Scholes Options Pricing Model	The fair value of the options is estimated using a Black-Scholes options pricing model with the following weighted average assumptions: Year ended December 31 2023 2022 2021 Dividend yield 0 % 0 % 0 % Expected volatility 0.509 0.405 0.433 Risk-free interest 4.92 % 2.9 % 0.48 % Expected life (in years) 2-3 2-3 2-3 Exercise price 16.11 27.22 29.27
Schedule of Weighted Average Fair Values and Exercise Price	All options granted during 2023, 2022 and 2021 were granted with exercise price equal to or higher than the market price on the date of grant. Weighted average fair values and exercise price of options on dates of grant are as follows: Equal market price 2023 2022 2021 US$ Weighted average exercise prices 16.11 27.22 29.27 Weighted average fair value on grant date 5.11 7.27 9.65
Schedule of Number and Weighted Average Exercise Prices of Share Options	The following table lists the number of share options, the weighted average exercise prices of share options during the current year: 2023 2022 2021 Weighted Weighted Weighted Average average Average Number of Exercise Number of exercise Number of Exercise options Price options price options Price US$ US$ US$ Outstanding at beginning of year 49,394 26.98 48,684 26.16 31,135 12.94 Granted during the year 4,616 16 4,000 27.22 37,000 29.27 Exercised during the year (- ) - (3,290 ) 11.19 (18,451 ) 10.06 Expired during the year (- ) - (- ) - (1,000 ) 26.63 Outstanding at end of year 54,010 26.28 49,394 26.98 48,684 26.16 Exercisable at end of year 38,394 26.63 23,394 25.25 6,749 20.05

Details of the Statements of _2

Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2023
Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) [Abstract]
Schedule of Revenues	Revenues For the year ended December 31 2023 *2022 *2021 € in thousands Revenues from the sale of solar electricity 31,813 39,601 32,019 Revenues from the sale of gas and power produced by anaerobic digestion plants 17,021 12,640 12,686 Total revenues 48,834 52,241 44,705 * Reclassified due to discontinued operation - see Note 23.
Schedule of Operating Costs, Depreciation and Amortization	Operating Costs, Depreciation and Amortization For the year ended December 31 2023 *2022 *2021 € in thousands Depreciation from fixed assets 15,405 14,954 13,977 Depreciation from right-of-use assets 607 626 664 Professional services 2,549 2,232 1,465 Operating and maintenance services 16,276 13,827 11,193 System operator charges 2,385 6,882 3,046 Insurance 842 649 506 Other 809 81 1,013 Total operating costs 38,873 39,251 31,864 * Reclassified due to discontinued operation - see Note 23.
Schedule of General and Administrative Expenses	General and Administrative Expenses For the year ended December 31 2023 *2022 *2021 € in thousands Salaries and related compensation 1,797 2,151 1,505 Professional services 2,306 2,367 2,785 Other 1,180 1,337 1,334 Total general and administrative expenses 5,283 5,855 5,624 * Reclassified due to discontinued operation - see Note 23.
Schedule of Financing Income	Financing income For the year ended December 31 2023 *2022 *2021 € in thousands Interest income 2,015 402 266 Change in fair value of derivatives, net 251 605 - Profit from settlement of derivatives contract - - 407 Gain from exchange rate differences, net 6,732 6,041 - Total financing income 8,998 7,048 673 * Reclassified due to discontinued operation - see Note 23.
Schedule of Financing Expenses	Financing expenses For the year ended December 31 2023 *2022 *2021 € in thousands Change in fair value of derivatives, net - - 841 Debentures interest and related expenses 3,876 2,130 3,220 Interest and commissions related to projects finance 5,825 5,852 4,313 Amortization of capitalized expenses related to projects finance 252 246 12,180 Interest on minority shareholder loan 2,014 1,529 2,055 Bank charges and other commissions 247 471 137 Interest on lease liability 341 296 294 Loss from exchange rate differences, net - - 5,394 Total financing expenses 12,555 10,524 28,434 * Reclassified due to discontinued operation - see Note 23.

Taxes on Income (Tables)

Taxes on Income (Tables)	12 Months Ended
	Dec. 31, 2023
Taxes on Income [Abstract]
Schedule of Composition of Income Tax Benefit (Taxes on Income)	B. Composition of income tax benefit (taxes on income): For the year ended December 31 2023 *2022 *2021 € in thousands Current tax expense Current year (932 ) (1,826 ) (977 ) (932 ) (1,826 ) (977 ) Deferred tax income Creation and reversal of temporary differences 1,655 174 3,513 Adjustments for prior years, net 713 - - 2,368 174 3,513 Tax benefit (taxes on income) 1,436 (1,652 ) 2,536 * Reclassified due to discontinued operation - see Note 23.
Schedule of Theoretical Tax on the Pre-Tax Profit and the Tax Expense	C. Reconciliation between the theoretical tax on the pre-tax profit and the tax expense: 2023 *2022 *2021 € in thousands Profit (loss) before taxes on income 976 1,081 (22,935 ) Primary tax rate of the Company 23 % 23 % 23 % Tax benefit (tax expenses) calculated according to the Company’s primary tax rate (224 ) (249 ) 5,275 Additional tax saving in respect of: Different tax rate of foreign subsidiaries (72 ) (488 ) (40 ) Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees 994 277 27 Difference between measurement basis of income (expenses) for tax purposes and measurement basis of income (expenses) for financial reporting purposes (47 ) (706 ) - Changes in deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past 713 282 - Utilization of tax losses and benefits from prior years for which deferred taxes were not created 1,363 566 - Change in temporary differences for which deferred tax were not recognized 106 - 51 Current year tax losses and benefits for which deferred taxes were not created (1,275 ) (1,199 ) (2,770 ) Permanent differences (122 ) (135 ) (7 ) Actual tax benefit (taxes on income) 1,436 (1,652 ) 2,536 * Reclassified due to discontinued operation - see Note 23.
Schedule of Deferred Taxes	Deferred taxes: Financial Fixed Swap Carry- assets leases contract and losses Total € in thousands Balance of deferred tax asset (liability) as at January 1, 2023 (3,642 ) (2,124 ) 14,944 7,562 16,740 Changes recognized in profit or loss 690 774 - 1,594 3,058 Changes recognized in other comprehensive income 235 - (16,589 ) - (16,354 ) Transfer to disposal groups held for sale (see Note 23) 2,717 - - - 2,717 Balance of deferred tax asset (liability) as at December 31, 2023 - (1,350 ) (1,645 ) 9,156 6,161 Financial Fixed Swap Carry- assets leases contract and losses Total € in thousands Balance of deferred tax asset (liability) as at January 1, 2022 (6,964 ) (1,555 ) 5,400 7,027 3,908 Changes recognized in profit or loss 3,065 (569 ) - 538 3,034 Changes recognized in other comprehensive income 257 - 9,544 (3 ) 9,798 Balance of deferred tax asset (liability) as at December 31, 2022 (3,642 ) (2,124 ) 14,944 7,562 16,740

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The calculation of basic earnings per share as at December 31, 2023, 2022 and 2021 was based on the profit attributable to the Company’s shareholders divided by a weighted average number of ordinary shares outstanding, calculated as follows: For the year ended December 31 2023 2022 2021 € in thousands (other than share and per share data) Net profit (loss) attributed to owners of the Company 2,219 (357 ) (15,090 ) Net profit (loss) attributed to owners of the Company from continuing operations 4,006 (1,068 ) (15,849 ) Net profit (loss) attributed to owners of the Company from discontinued operation. See Note 23. (1,787 ) 711 759 Weighted average ordinary shares outstanding (1) 12,852,585 12,850,118 12,824,088 Dilutive effect: Stock options and warrants 3,462 7,796 8,637 Diluted weighted average ordinary shares outstanding 12,856,047 (2) 12,857,914 (2) 12,832,725 (2) Basic net earning (loss) per share 0.17 (0.03 ) (1.18 ) Diluted net earning (loss) per share 0.17 (0.03 ) (1.18 ) Basic profit (loss) per share from continuing operations 0.31 (0.08 ) (1.24 ) Diluted profit (loss) per share from continuing operations 0.31 (0.08 ) (1.24 ) Basic profit (loss) per share from discontinued operation (0.14 ) 0.05 0.06 Diluted profit (loss) per share from discontinued operation (0.14 ) 0.05 0.06 (1) Net of treasury shares. (2) In 2023, 2022 and 2021 share options and warrants did not have a dilutive effect.

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Financial Instruments [Abstract]
Schedule of Transactions in Derivative Financial Instruments	In order to manage these risks a For the year ended December 2023 2022 € in thousands Derivatives presented under current assets Swap contracts 275 273 275 273 Derivatives presented under non-current assets Swap contracts 607 1,488 Financial power swap 10,341 - 10,948 1,488 Derivatives presented under current liabilities Financial power swap (4,643 ) (33,183 ) (4,643 ) (33,183 ) Derivatives presented under non-current liabilities Financial power swap - (28,354 ) - (28,354 )
Schedule of Forward and Swap Contracts	The following table sets forth the details of the Company’s financial power swap and swap contracts with banking institutions: December 31, 2023 Currency/ Currency/ linkage/interest linkage/interest Date of Fair value receivable Payable expiration thousand Euro 17.6 million interest swap transaction for a period of 18 years, semi-annually. Euribor 6 months Fixed 1% December 20, 2037 882 Financial power swap- electricity price swap fixed for float Electricity price in Spain Fixed price September 30, 2030 5,698
Schedule of Contractual Maturities of Financial Liabilities	The following are the contractual maturities of financial liabilities at undiscounted amounts and based on the spot rates at the reporting date, including estimated interest payments. This disclosure excludes the impact of netting agreements: December 31, 2023 Carrying Contractual Less than More than amount cash flows 1 year 2-3 years 4-5 years 5 years € in thousands Non-derivative financial liabilities Long-term loans, including current maturities 281,938 375,334 21,883 41,743 59,691 252,017 Debentures 140,087 158,051 41,100 72,088 30,738 14,125 Lease liabilities 24,380 47,011 1,916 3,895 3,903 37,297 Trade payables, other accounts payable and Other long-term liabilities 14,496 14,496 13,703 793 - - 460,901 594,892 78,602 118,519 94,332 303,439 December 31, 2022 Carrying Contractual Less than More than amount cash flows 1 year 2-3 years 4-5 years 5 years € in thousands Non-derivative financial liabilities Long term loans, including current maturities 273,863 363,553 30,392 42,547 43,381 247,233 Debentures 110,428 141,140 22,878 62,710 55,552 - Lease liabilities 22,750 35,911 1,630 3,233 3,194 27,854 Trade payables, other accounts payable and Other long-term liabilities 15,144 15,144 13,518 813 813 - 422,185 555,748 68,418 109,303 102,940 275,087 Derivative finance liabilities Financial power swap 61,537 61,537 33,183 26,424 (2,666 ) 4,596
Schedule of Company's Exposure to Linkage and Foreign Currency Risk	The Company’s exposure to linkage and foreign currency risk was as follow: December 31, 2023 Non-monetary/ NIS (*) USD EURO Total € in thousands Current assets: Cash and cash equivalents - 34,990 4,199 11,938 51,127 Short term deposits - 997 - - 997 Restricted cash - - - 810 810 Intangible asset from green certificates 553 - - - 553 Trade and other receivables 2,584 2,660 - 6,748 11,992 Assets of disposal groups classified as held for sale 28,297 - - - 28,297 Non-current assets: Investments in equity accounted investees 31,772 - - - 31,772 Advances on account of investments 898 - - - 898 Fixed assets 407,982 - - - 407,982 Right-of-use asset 30,967 - - - 30,967 Restricted cash and deposits - 3,558 - 13,828 17,386 Deferred tax 8,677 - - - 8,677 Long term receivables 9,350 1,096 - - 10,446 Derivatives - - - 10,948 10,948 Current liabilities: Current maturities of long-term bank loans - - - (9,784 ) (9,784 ) Current maturities of long-term loans - - - (5,000 ) (5,000 ) Current maturities of debentures - (35,200 ) - - (35,200 ) Trade payables - (832 ) (154 ) (4,263 ) (5,249 ) Other payables (553 ) (9,445 ) - (861 ) (10,859 ) Current maturities of derivatives - - - (4,643 ) (4,643 ) Current maturities of lease liabilities - (105 ) (10 ) (585 ) (700 ) Liabilities of disposal groups classified as held for sale (17,142 ) - - - (17,142 ) Non-current liabilities: Long-term lease liabilities - (3,176 ) (2,150 ) (18,354 ) (23,680 ) Long-term loans - (69,685 ) - (168,096 ) (237,781 ) Other long-term bank loans - (8,452 ) - (20,921 ) (29,373 ) Debentures - (104,887 ) - - (104,887 ) Deferred tax (2,516 ) - - - (2,516 ) Other long-term liabilities - (939 ) - - (939 ) Total exposure in statement of financial position in respect of financial assets and financial liabilities 500,869 (189,420 ) 1,885 (188,235 ) 125,099 December 31, 2022 Non-monetary/ NIS (*) USD EURO Total € in thousands Current assets: Cash and cash equivalents - 30,359 55 16,044 46,458 Marketable securities - - 2,836 - 2,836 Restricted cash - - - 900 900 Receivable from concession project - 1,799 - - 1,799 Trade and other receivables 2,174 4,694 16 5,798 12,682 Non-current assets: Investments in equity accounted investees 23,976 6,053 - - 30,029 Advances on account of investments 2,328 - - - 2,328 Receivable from concession project - 24,795 - - 24,795 Fixed assets 365,756 - - - 365,756 Right-of-use asset 30,020 - - - 30,020 Intangible asset 4,094 - - - 4,094 Restricted cash and deposits - 5,607 - 14,585 20,192 Deferred tax 23,510 - - - 23,510 Long term receivables 7,840 1,171 - 259 9,270 Derivatives - - - 1,488 1,488 Current liabilities: Current maturities of long-term bank loans - (2,091 ) - (10,724 ) (12,815 ) Current maturities of long-term loans - - - (10,000 ) (10,000 ) Current maturities of debentures - (18,714 ) - - (18,714 ) Trade payables - (123 ) - (4,381 ) (4,504 ) Other payables - (6,107 ) - (5,100 ) (11,207 ) Current maturities of derivatives - - - (33,183 ) (33,183 ) Current maturities of lease liabilities - (193 ) - (552 ) (745 ) Non-current liabilities: Long-term lease liabilities - (4,740 ) - (17,265 ) (22,005 ) Long-term loans - (13,495 ) - (215,971 ) (229,466 ) Other long-term bank loans - (7,538 ) - (14,044 ) (21,582 ) Debentures - (91,714 ) - - (91,714 ) Deferred tax (6,770 ) - - - (6,770 ) Derivatives - - - (28,354 ) (28,354 ) Other long-term liabilities - (2,021 ) - - (2,021 ) Total exposure in statement of financial position in respect of financial assets and financial liabilities 452,928 (72,258 ) 2,907 (300,500 ) 83,077 (*) Including items linked to the Israeli CPI
Schedule of Significant Exchange Rates	Information regarding significant exchange rates: For the year ended December 31 Rate of Rate of Change Change % Dollar % NIS 1 Euro in 2023 3.7 1.106 6.9 4.012 1 Euro in 2022 (5.8 ) 1.066 6.6 3.753
Schedule of Sensitivity Analysis of Equity	The analysis assumes that all other variables, in particular interest rates, remain constant. December 31, 2023 Increase Decrease Equity Equity € thousands Change in the exchange rate of: 5% in the USD (90 ) 99 5% in NIS (9,471 ) 9,471 December 31, 2022 Increase Increase Equity Equity € thousands Change in the exchange rate of: 5% in the USD 155 (155 ) 5% in NIS (963 ) 963
Schedule of Change in Interest Rate Profit (Loss)	A change in interest rate would have increased (decreased) the profit in the financial statements by the amounts shown below: December 31, 2023 2022 Profit or loss Profit or loss € in thousands Increase of 1% 736 161 Increase of 3% 2,204 520 Decrease of 1% (734 ) (196 ) Decrease of 3% (2,201 ) (556 )
Schedule of Fair Values of the Other Financial Liabilities	The fair values of the other financial liabilities, together with the carrying amounts shown in the statement of financial position, are as follows: December 31, 2023 Fair value Valuation techniques Inputs used to Carrying for determining determine amount Level 1 Level 2 Level 3 fair value fair value € in thousands Non-current liabilities: Debentures 140,087 134,464 - - Loans from banks and others (including current maturities) 281,938 - 231,057 - Discounting future cash flows by the market interest rate on the date of measurement. See Note 21F(2) 422,025 134,464 231,057 - December 31, 2022 Fair value Valuation techniques Inputs used to Carrying for determining determine amount Level 1 Level 2 Level 3 fair value fair value € in thousands Non-current liabilities: Debentures 110,428 102,957 - - Loans from banks and others (including current maturities) 273,863 - 217,073 - Discounting future cash flows by the market interest rate on the date of measurement. See Note 21F(2) 384,291 102,957 217,073 -
Schedule of Interest Rates Used to Discount Estimated Cash Flows	The interest rates used to discount estimated cash flows, when applicable, are based on the government yield curve at the reporting date plus an adequate credit spread, and were as follows: December 31, 2023 2022 % Non-current liabilities: Loans from banks Discount rate of Euribor+ 2% with a zero floor Discount rate of Euribor+ 2% with a zero floor Loans from banks fixed rate for several years 3.1%-6% Linkage to Euribor fixed rate for 5 years 2.65%-4.5% Linkage to Euribor Loans from banks 2.58%-4.78% Linkage to Consumer price index in Israel 2.58% Linkage to Israeli CPI Loans from banks Floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%. Floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%. Loans from banks fixed rate of 2.58%-3.03% fixed rate 2.58%-3.03% Loans from others Euribor+ 5.27% Euribor+ 5.27% Loans from others 7% Linkage to Consumer price index in Israel and fixed rate of 5.5% 7% Linkage to Israeli CPI and fixed rate of 5.5%
Schedule of Fair Values Hierarchy	Level 3 - Inputs that are not based on observable market data (unobservable inputs). December 31, 2023 Level 1 Level 2 Level 3 Total Valuation techniques for € in thousands determining fair value Swap contracts - 882 - 882 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 - - 5,698 5,698 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	The table hereunder presents 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 January 1, 2022 (20,894 ) Total income recognized in profit or loss 49,679 * Total income recognized in other comprehensive income (90,322 )* Balance as at December 31, 2022 (61,537 ) Total income recognized in profit or loss 13,777 Total income recognized in other comprehensive income 53,548 Balance as at December 31, 2023 5,698 * Reclassified

Operating Segments (Tables)

Operating Segments (Tables)	12 Months Ended
	Dec. 31, 2023
Operating Segments [Abstract]
Schedule of Fixed Assets, Net	Performance is measured based on segment adjusted gross profit as included in reports that are regularly reviewed by the chief operating decision maker. Segment adjusted gross profit is used to measure performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries. PV Ellomay Solar Talasol Israel Bio Gas Dorad Manara Total reportable Total Italy Spain Spain Spain USA operation) Netherland Israel Israel segments Reconciliations consolidated For the year ended December 31, 2023 € in thousands Revenues - 2,791 4,051 24,971 - 675 17,021 63,973 - 113,482 (64,648 ) 48,834 Operating expenses - (517 ) (1,825 ) (5,786 ) - (342 ) (14,733 ) (47,322 ) - (70,525 ) 47,664 (22,861 ) Depreciation expenses - (912 ) (946 ) (11,459 ) - (461 ) (2,670 ) (5,689 ) - (22,137 ) 6,126 (16,012 ) Gross profit (loss) - 1,362 1,280 7,726 - (128 ) (382 ) 10,962 - 20,820 (10,858 ) 9,961 Adjusted gross profit (loss) - 1,362 1,280 7,726 - 1,223 (382 ) 10,962 - 22,171 (10,986 ) 9,961 Project development costs (4,465 ) General and administrative expenses (5,283 ) Share of loss of equity accounted investee 4,320 Operating profit 4,533 Financing income 8,747 Financing expenses in connection with derivatives and warrants, net 251 Financing expenses, net (12,555 ) Profit before taxes on income 976 Segment assets as at December 31, 2023 40,054 12,807 18,666 231,142 6,267 28,297 31,164 97,339 169,783 635,519 (22,667 ) 612,852 PV Ellomay Solar Talasol Israel (Discontinued Bio Gas Dorad Manara Total reportable Total Italy Spain Spain Spain operation) Netherland Israel Israel 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 (63,932 ) 52,241 Operating expenses - (322 ) (1,399 ) (8,764 ) (418 ) (13,186 ) (47,442 ) - (71,531 ) 47,860 (23,671 ) Depreciation expenses - (908 ) (427 ) (11,400 ) (512 ) (2,824 ) (6,339 ) - (22,410 ) 6,830 (15,580 ) Gross profit (loss) - 2,034 1,771 12,576 189 (3,370 ) 9,032 - 22,232 (9,242 ) 12,990 Adjusted gross profit (loss) - 2,034 1,771 12,576 1,565 (3,370 ) 9,032 23,608 (10,618 ) 12,990 Project development costs (3,784 ) General and administrative expenses (5,855 ) Share of loss of equity accounted investee 1,206 Operating profit 4,557 Financing income 6,443 Financing expenses in connection with derivatives and warrants, net 605 Financing expenses, net (10,524 ) Profit before taxes on income 1,081 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 PV Ellomay Solar Talasol Israel (Discontinued Bio Gas Dorad Manara Total reportable Total Italy Spain Spain Spain operation) Netherland Israel Israel segments Reconciliations consolidated For the year ended December 31, 2021 € in thousands Revenues - 2,587 - 29,432 1,016 12,686 51,630 - 97,351 (52,646 ) 44,705 Operating expenses - (472 ) - (6,305 ) (367 ) (10,446 ) (39,175 ) - (56,765 ) 39,542 (17,223 ) Depreciation expenses - (904 ) - (10,586 ) (475 ) (3,135 ) (5,539 ) - (20,639 ) 5,998 (14,641 ) Gross profit (loss) - 1,211 - 12,541 174 (895 ) 6,916 - 19,947 (7,106 ) 12,841 Adjusted gross profit (loss) - 1,211 - 12,541 1,514 (895 ) 6,916 - 21,287 (8,446 ) 12,841 Project development costs (2,508 ) General and administrative expenses (5,624 ) Share of loss of equity accounted investee 117 Operating profit 4,826 Financing income 673 Financing expenses in connection with derivatives and warrants, net (841 ) Financing expenses, net (27,593 ) Loss before taxes on income (22,935 ) 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
Schedule of Fixed Assets, Net	The following table lists the revenues from the Company’s operations in Spain, Israel and the Netherlands: For the year ended December 31 2023 2022 2021 € in thousands Spanish PV segment 2,791 3,264 2,587 Ellomay Solar PV segment (Spain) 4,051 3,597 - Talasol PV segment (Spain) 24,971 32,740 29,432 Netherlands biogas segment 17,021 12,640 12,686 Total revenues 48,834 52,241 44,705
Schedule of Fixed Assets, Net	The following table lists the non-current assets, net from the Company’s operations in Spain, Israel, USA, Italy and the Netherlands: As at December 31 2023 2022 Non-current assets (*) € in thousands Spain 238,580 251,574 Israel 195,248 187,798 USA 6,041 - Italy 33,711 20,363 Netherlands 25,871 26,749 Total fixed assets, net 499,451 486,484 (*) Other than financial instruments, deferred tax assets and employee benefit assets.

Discontinued operation and Di_2

Discontinued operation and Disposal Groups Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2023
Discontinued operation and Disposal Groups Held for Sale [Abstract]
Schedule of Assets of Disposal Groups Classified as Held for Sale	Assets of disposal groups classified as held for sale December 31 2023 € in thousands Cash and cash equivalents 428 Short-term deposits 12 Receivable from concession project 23,426 Trade and other receivables 587 Right-of-use asset 1,204 Intangible asset 917 Restricted cash and deposits 1,694 Long term receivables 29 Total 28,297
Schedule of Disposal Groups Classified as Held for Sale	Liabilities of disposal groups classified as held for sale December 31 2023 € in thousands Trade payables 39 Other payables 18 Lease liability 1,321 Long-term bank loans including current maturities 13,047 Deferred tax liabilities 2,717 17,142
Schedule of Results Attributable to Discontinued Operation	Results attributable to discontinued operation For the year ended December 31 2023 2022 2021 € in thousands € in thousands € in thousands Results of discontinued operation Revenue 675 1,119 1,016 Operating expenses 342 418 367 Depreciation and amortization expenses 461 512 475 Gross profit (loss) from operating activities (128 ) 189 174 General and administrative expenses 33 37 37 Operating profit (loss) from operating activities (161 ) 152 137 Financing income 1,792 3,121 2,258 Financing expenses 1,269 2,111 1,381 Financing income, net 523 1,010 877 Results from operating activities before taxes on income 362 1,162 1,014 Taxes on income (247 ) (451 ) (255 ) Results from operating activities, net of taxes on income 115 711 759 Loss on adjustment to fair value (2,565 ) - - Tax benefit on loss from sale of discontinued operation 663 - - Profit (loss) for the year (1,787 ) 711 759 Earnings per share Basic earnings (loss) per share (in € (0.14 ) 0.06 0.06 Diluted earnings (loss) per share (in € (0.14 ) 0.06 0.06 Cash flows from discontinued operation Net cash (used in) from operating activities 2,587 2,445 2,471 Net cash (used in) from investing activities (462 ) (1,327 ) (604 ) Net cash (used in) from financing activities (2,127 ) (2,126 ) (2,099 ) Net cash from (used in) discontinued operation (2 ) (1,008 ) (232 )

General (Details)

General (Details)	12 Months Ended
	Dec. 31, 2023
Groen Gas Goor B.V. [Member]
General (Details) [Line Items]
Green gas production capacity per year	3 million
Groen Gas Oude-Tonge B.V. [Member]
General (Details) [Line Items]
Green gas production capacity per year	3.8 million
Groen Gas Gelderland B.V. [Member]
General (Details) [Line Items]
Green gas production capacity per year	9.5 million
Manara PSP [Member]
General (Details) [Line Items]
Proportion of ownership interest	83.333%
Talasol Solar S.L.U [Member]
General (Details) [Line Items]
Proportion of ownership interest	51%
Dorad Energy Ltd [Member]
General (Details) [Line Items]
Proportion of ownership interest	9.375%

Basis of Preparation (Details)

Basis of Preparation (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2021
Change in classification [Member]
Basis of Preparation (Details) [Line Items]
Other comprehensive income	€ 37.3	€ 21.8

Material Accounting Policies (D

Material Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2023
Euro Member Countries, Euro
Material Accounting Policies (Details) [Line Items]
Rate of exchange	1.106
United States of America, Dollars
Material Accounting Policies (Details) [Line Items]
Rate of exchange	1
Bottom of range [member]
Material Accounting Policies (Details) [Line Items]
Entity, percentage	20%
Percentage of hedge	80%
Estimated useful life	20 years
Depreciated term	20 years
Top of range [member]
Material Accounting Policies (Details) [Line Items]
Entity, percentage	50%
Percentage of hedge	125%
Estimated useful life	25 years
Depreciated term	40 years

Material Accounting Policies _2

Material Accounting Policies (Details) - Schedule of Estimated Useful Lives	12 Months Ended
	Dec. 31, 2023
Office furniture and equipment [Member]
Material Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Mainly percentage per annum	33%
Office furniture and equipment [Member] | Bottom of range [member]
Material Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Percentage per annum	6%
Office furniture and equipment [Member] | Top of range [member]
Material Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Percentage per annum	33%
Photovoltaic plants in Spain [Member]
Material Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Percentage per annum	5%
Mainly percentage per annum	5%
Biogas plants in the Netherlands [Member]
Material Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Percentage per annum	8%
Mainly percentage per annum	8%
Leasehold improvements [Member]
Material Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Mainly percentage per annum	7%
Leasehold improvements	Over the shorter of the lease period or the life of the asset

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - Schedule of Cash and Cash Equivalents € in Thousands, $ in Thousands	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2020 EUR (€)
Schedule of Cash and Cash Equivalents [Abstract]
Cash	€ 21,093		€ 14,768
On call deposits	30,034		31,690
Cash and cash equivalents	51,127	$ 56,548	46,458	$ 51,384	€ 41,229	€ 66,845
Cash and cash equivalents in the statement of cash flows	€ 51,127	$ 56,548	€ 46,458	$ 51,384	€ 41,229	€ 66,845

Restricted Cash, Deposits and_3

Restricted Cash, Deposits and Marketable Securities (Details) - Schedule of Restricted Cash - Restricted Cash, Deposits and Marketable Securities [Member] - EUR (€) € in Thousands		Dec. 31, 2023	Dec. 31, 2022
Restricted Cash, Deposits and Marketable Securities (Details) - Schedule of Restricted Cash [Line Items]
Marketable securities			€ 2,836
Short-term deposits		997
Short-term restricted cash	[1]	810	900
Restricted cash and bank deposits, long-term	[1]	€ 17,386	€ 20,192
[1]Deposits used to secure obligations under agreements (see Notes 6 and 21E(3)) and loan agreements (see Note 11).

Investee Companies and other _3

Investee Companies and other investments (Details) ₪ / shares in Units, € in Thousands, ₪ in Thousands, $ in Thousands

1 Months Ended

12 Months Ended

Feb. 28, 2021 EUR (€)

Feb. 28, 2021 ILS (₪)

Apr. 17, 2019 EUR (€)

Oct. 01, 2017

Jul. 25, 2016

May 12, 2014

Nov. 15, 2013

Mar. 31, 2024 EUR (€)

Mar. 31, 2024 ILS (₪)

Mar. 31, 2023 EUR (€)

Mar. 31, 2023 ILS (₪)

Mar. 31, 2022 EUR (€)

Mar. 31, 2022 ILS (₪)

Apr. 30, 2021

Jun. 30, 2018

Jul. 31, 2015

Oct. 30, 2011 ₪ / shares

Nov. 30, 2010

Dec. 31, 2023 EUR (€)

Dec. 31, 2023 USD ($)

Dec. 31, 2023 ILS (₪)

Dec. 31, 2022 EUR (€)

Dec. 31, 2022 ILS (₪)

Dec. 31, 2021 EUR (€)

Feb. 29, 2024

Dec. 31, 2023 USD ($)

Dec. 31, 2023 ILS (₪)

Aug. 31, 2023 EUR (€)

Jun. 28, 2023 USD ($)

Apr. 01, 2023

Feb. 23, 2023 EUR (€)

Feb. 23, 2023 ILS (₪)

Feb. 01, 2023

Jan. 01, 2023

Dec. 31, 2022 USD ($)

May 01, 2022

Feb. 01, 2022

Aug. 31, 2021 EUR (€)

Aug. 31, 2021 ILS (₪)

Jan. 27, 2021 EUR (€)

Jan. 01, 2021

Dec. 31, 2020 EUR (€)

Nov. 30, 2019 EUR (€)

Mar. 12, 2019 EUR (€)

Dec. 31, 2017 EUR (€)

Apr. 30, 2017 EUR (€)

Apr. 30, 2017 ILS (₪)

Feb. 23, 2017 USD ($)

Investee Companies and Other Investments [Line Items]

Shareholders loans (in New Shekels) | ₪

₪ 10,000

Interest payable on debt percentage

3%

3%

3%

Claims amount payment

€ 374

₪ 1,500

Claims interest payment amount

€ 168

₪ 672

Expenses percentage

36%

36%

36%

20%

Remaining amount of Acquisition

€ 1,600

₪ 6,400

Forfeiture of license guarantee

1,000

₪ 4,100

Finance cost

12,555

$ 13,886

€ 10,524

[1]

€ 27,593

[1]

Loan

₪ 353,000

€ 18,400

Equity guarantee aggregate amount

3,400

13,475

Green gas production capacity

9,500,000

9,500,000

Interest accrued

€ 4,900

Payment percentage

49%

Equity amount

125,099

€ 83,077

114,107

$ 138,364

$ 91,885

€ 125,026

Transaction cost

(240)

€ (3,082)

Electricity produce per share (in New Shekels per share) | ₪ / shares

₪ 0.9631

Intangible asset

5,505

Cost of development and construction

€ 58,000

Ellomay Luxembourg [Member]

Investee Companies and Other Investments [Line Items]

Shareholders loans (in New Shekels) | ₪

₪ 23,467

Advance payments

€ 1,921

€ 1,554

Deferred payment amount

€ 1,400

Manara PSP [Member]

Investee Companies and Other Investments [Line Items]

Transmission network period

20 years

20 years

20 years

Finance cost

€ 349,000

₪ 1,400,000

Loan

94,100

Additional amount

€ 2,500

₪ 10,000

€ 4,700

₪ 17,500

€ 3,200

₪ 11,500

Finance provided by owners

95,000

382,000

Additional equity

€ 11,500

₪ 46,000

Ellomay PS [Member]

Investee Companies and Other Investments [Line Items]

Equity guarantee aggregate amount

€ 3,331

₪ 12,500

Talasol Solar S.L.U [Member]

Investee Companies and Other Investments [Line Items]

Percentage of share capital holds

100%

100%

100%

Share value

€ 10,000

Talasol S P A [Member]

Investee Companies and Other Investments [Line Items]

Aggregate purchase price

€ 175,000

Amount withdrawn

49%

Interest accrued

€ 4,900

Premium amount

6,100

Aggregate purchase price

€ 1,400

Equity amount

€ 6,100

Expenses amount

700

Prepayment outstanding amount

121,000

Deposit amount

6,900

Security for a letter of credit

10,000

Financing amount

3,290

Transaction cost

3,000

Special dividend

€ 31,000

Talmei Yosef [Member]

Investee Companies and Other Investments [Line Items]

Plant for a period

20 years

Electra Infrastructure Ltd [Member] | Manara PSP [Member]

Investee Companies and Other Investments [Line Items]

Construction period

62 months 15 days

Groen Gas Gelderland B.V [Member]

Investee Companies and Other Investments [Line Items]

Green gas production capacity

7,500,000

7,500,000

Talasol Solar S.L.U [Member]

Investee Companies and Other Investments [Line Items]

Percentage of share capital holds

51%

51%

51%

Talasol [Member]

Investee Companies and Other Investments [Line Items]

Investment percentage

24.50%

Construction agreement amount

€ 192,500

Swap output percentage

80%

Plant for a period

10 years

Talasol S P A [Member]

Investee Companies and Other Investments [Line Items]

Aggregate purchase price

€ 16,100

Manara Psp Epc Agreement [Member] | Manara PSP [Member]

Investee Companies and Other Investments [Line Items]

Aggregate consideration amount

€ 280,000

₪ 1,130,000

Manara PSP [Member]

Investee Companies and Other Investments [Line Items]

Amount of acquisition

€ 6,000

₪ 24,000

Ellomay Solar Project [Member]

Investee Companies and Other Investments [Line Items]

Investment percentage

100%

100%

100%

Fixed and lump-sum amount

€ 15,820

U. Dori Energy Infrastructures Ltd [Member]

Investee Companies and Other Investments [Line Items]

Percentage of share capital holds

50%

Dorad Energy Ltd [Member]

Investee Companies and Other Investments [Line Items]

Percentage of share capital holds

18.75%

Issued production licenses

20 years

License expired date

May 11, 2034

Aggregate amount

€ 40,400

₪ 162,000

Average production decrease percentage

1%

1.40%

1.20%

0.70%

5.70%

Percentage of production increase

3.30%

5.30%

24.30%

3.30%

3.30%

5.30%

9.40%

13.60%

Claims amount payment | $

$ 183,367,953

Claims interest payment amount

€ 39,000

$ 43,000

Dorad [Member]

Investee Companies and Other Investments [Line Items]

Indirect share of guarantees shareholders

€ 3,700

₪ 15,000

Refund amount in claim | $

24,000

$ 100,000

Percentage decrease from Dorad Holding

10%

10%

10%

Expenses percentage

80%

Zorlu Enerji Elektrik Uretim A.S [Member]

Investee Companies and Other Investments [Line Items]

Percentage of share capital holds

25%

25%

25%

Luzon Group [Member]

Investee Companies and Other Investments [Line Items]

Percentage of share capital holds

10%

10%

10%

Claims amount payment

€ 127,000

$ 140,000

€ 218,000

₪ 906,400

Payment received for management and entrepreneurship services

11,900

₪ 49,400

Recovery of amount (in New Shekels) | ₪

₪ 49,400

Eilat Ashkelon Infrastructure Services Ltd [Member]

Investee Companies and Other Investments [Line Items]

Percentage of share capital holds

37.50%

Dori Energy [Member]

Investee Companies and Other Investments [Line Items]

Refund amount in claim

22,000

Equity amount

€ 31,350

€ 29,232

Edelcom Ltd [Member]

Investee Companies and Other Investments [Line Items]

Percentage of share capital holds

18.75%

Ellomay Pumped Storage [Member]

Investee Companies and Other Investments [Line Items]

Ownership percentage

83.333%

83.333%

83.333%

Ampa Ltd [Member]

Investee Companies and Other Investments [Line Items]

Ownership percentage

16.667%

16.667%

16.667%

Investment percentage

16.667%

16.667%

16.667%

Manara PSP [Member]

Investee Companies and Other Investments [Line Items]

Aggregate amount

€ 317,000

₪ 1,270,000

[1]Reclassified due to discontinued operation - see Note 23.

Investee Companies and other _4

Investee Companies and other investments (Details) - Schedule of Composition of Investments € in Thousands, $ in Thousands	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Schedule of Composition of Investments [Abstract]
Investment in shares	€ 31,772		€ 30,029
Long-term loans			2,665
Total of composition investment	31,772		32,694
Current maturities			(2,665)
Investment in equity accounted investee	€ 31,772	$ 35,141	€ 30,029

Investee Companies and other _5

Investee Companies and other investments (Details) - Schedule of Changes in Investments - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Changes in Investments [Abstract]
Balance as at January 1	€ 30,029	€ 34,029
Long term loans extended		128
Dividend distribution	(374)
Repayment of long-term loans		(149)
Reevaluation in connection with long term loans		(270)
The Company’s share of income	4,012	1,206
Foreign currency translation adjustments	(1,895)	(2,250)
Conversion to short term loan		(2,665)
Balance as at December 31	€ 31,772	€ 30,029

Investee Companies and other _6

Investee Companies and other investments (Details) - Schedule of Information on Financial Position - Dori Energy [Member] - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
2023
Rate of ownership, Ellomay Luzon Energy	50%	50%
Current assets, Ellomay Luzon Energy	€ 309	€ 72
Non-current assets, Ellomay Luzon Energy	62,735	63,722
Total assets, Ellomay Luzon Energy	63,044	63,794
Current liabilities, Ellomay Luzon Energy	(344)	(5,329)
Non-current liabilities, Ellomay Luzon Energy
Total liabilities, Ellomay Luzon Energy	(344)	(5,329)
Equity attributable to the owners of the Company, Ellomay Luzon Energy	62,700	58,464
Company’s share, Ellomay Luzon Energy	31,350	29,232
Surplus costs and goodwill, Ellomay Luzon Energy	1,388	1,927
Other adjustments, Ellomay Luzon Energy	(966)	(1,130)
Carrying amount ofinvestment, Ellomay Luzon Energy	€ 31,772	€ 30,029

Investee Companies and other _7

Investee Companies and other investments (Details) - Schedule of Information on Operating Results - Dori Energy [Member] - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
2023
Rate of ownership, Ellomay Luzon Energy	50%	50%
Income for the year, Ellomay Luzon Energy	€ 8,807	€ (61)
Company’s share, Ellomay Luzon Energy	4,404	(31)
Elimination of interest on loan from related party, Ellomay Luzon Energy	308	1,475
Other adjustments, Ellomay Luzon Energy	(392)	(238)
Company’s share of income of investee, Ellomay Luzon Energy	€ 4,320	€ 1,206

Investee Companies and other _8

Investee Companies and other investments (Details) - Schedule of Composition of Advances on Account of Investments - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Development of PV Projects in Italy [Member]
Investee Companies and other investments (Details) - Schedule of Composition of Advances on Account of Investments [Line Items]
On account of development of PV projects in Italy	€ 898	€ 2,328

Trade and Other Receivables (De

Trade and Other Receivables (Details) - Schedule of Current Assets - Trade and Other receivables € in Thousands, $ in Thousands	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Current Assets - Trade and Other receivables:
Government authorities	€ 4,851		€ 3,752
Income receivable	1,013		1,062
Interest receivable	221		125
Advance tax payment	1,028		566
Trade receivable	205		420
Inventory	1,170		1,201
Derivatives (see Note 21)	275		273
Loan to others	1,246
Prepaid expenses and other	1,983		2,033
Current maturities of loans given to an equity accounted investee			2,665
Total Current Assets	11,992	$ 13,264	12,097
Non-current Assets - Long term receivables:
Prepaid expenses associated with long-term loans	9,265		8,417
Annual rent deposits	656		290
Loans to others	509		546
Other	16		17
Total Non Current Assets	€ 10,446		€ 9,270

Fixed Assets (Details)

Fixed Assets (Details) € in Thousands, ₪ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 ILS (₪)	Dec. 31, 2022 EUR (€)
Fixed Assets (Details) [Line Items]
Fixed assets	€ 407,982	$ 451,244	₪ 44,750	€ 365,756
Borrowing costs	6,996
Subsidiaries [Member]
Fixed Assets (Details) [Line Items]
Fixed assets	€ 339,821

Fixed Assets (Details) - Schedu

Fixed Assets (Details) - Schedule of Fixed Assets - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cost [Member]
Cost
Balance beginning	€ 405,113	€ 365,301
Additions	63,759	45,356
Transfer to disposal groups held for sale	(18)
Effect of changes in exchange rates	(6,127)	(5,544)
Balance ending	462,727	405,113
Cost [Member] | Photovoltaic plants [Member]
Cost
Balance beginning	266,062	251,027
Additions	19,762	15,036
Transfer to disposal groups held for sale
Effect of changes in exchange rates	(108)	(1)
Balance ending	285,716	266,062
Cost [Member] | Pumped storage [Member]
Cost
Balance beginning	102,472	78,892
Additions	42,178	29,124
Transfer to disposal groups held for sale
Effect of changes in exchange rates	(6,019)	(5,544)
Balance ending	138,631	102,472
Cost [Member] | Biogas plants [Member]
Cost
Balance beginning	36,355	35,192
Additions	1,792	1,163
Transfer to disposal groups held for sale
Effect of changes in exchange rates
Balance ending	38,147	36,355
Cost [Member] | Office furniture and equipment [Member]
Cost
Balance beginning	224	190
Additions	27	33
Transfer to disposal groups held for sale	(18)
Effect of changes in exchange rates		1
Balance ending	233	224
Depreciation [Member]
Cost
Balance beginning	39,357	24,404
Depreciation for the year	15,405	14,954
Transfer to disposal groups held for sale	(18)
Effect of changes in exchange rates	1	(1)
Balance ending	54,745	39,357
Depreciation [Member] | Photovoltaic plants [Member]
Cost
Balance beginning	29,530	17,297
Depreciation for the year	12,736	12,233
Transfer to disposal groups held for sale
Effect of changes in exchange rates
Balance ending	42,266	29,530
Depreciation [Member] | Pumped storage [Member]
Cost
Balance beginning
Depreciation for the year
Transfer to disposal groups held for sale
Effect of changes in exchange rates
Balance ending
Depreciation [Member] | Biogas plants [Member]
Cost
Balance beginning	9,652	6,952
Depreciation for the year	2,644	2,700
Transfer to disposal groups held for sale
Effect of changes in exchange rates
Balance ending	12,296	9,652
Depreciation [Member] | Office furniture and equipment [Member]
Cost
Balance beginning	175	155
Depreciation for the year	25	21
Transfer to disposal groups held for sale	(18)
Effect of changes in exchange rates	1	(1)
Balance ending	183	175
Carrying amounts [Member]
Cost
Balance beginning	365,756	340,897
Balance ending	407,982	365,756
Carrying amounts [Member] | Photovoltaic plants [Member]
Cost
Balance beginning	236,532	233,730
Balance ending	243,450	236,532
Carrying amounts [Member] | Pumped storage [Member]
Cost
Balance beginning	102,472	78,892
Balance ending	138,631	102,472
Carrying amounts [Member] | Biogas plants [Member]
Cost
Balance beginning	26,703	28,240
Balance ending	25,851	26,703
Carrying amounts [Member] | Office furniture and equipment [Member]
Cost
Balance beginning	49	35
Balance ending	€ 50	€ 49

Fixed Assets (Details) - Sche_2

Fixed Assets (Details) - Schedule of Investments in Photovoltaic Plants € in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€) MW
Ellomay Spain – Rinconada II [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	2.275
Connection to grid/Other status	June 2010
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 5,509
Rodríguez I [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	1.675
Connection to grid/Other status	November 2011
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 3,662
Rodríguez II [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	2.691
Connection to grid/Other status	November 2011
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 6,631
Fuente Librilla [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	1.248
Connection to grid/Other status	June 2011
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 3,212
Talasol [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	300
Connection to grid/Other status	January 2021
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 220,061
Ellomay Solar [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	28
Connection to grid/Other status	July 2022
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 18,074
Solar Italy One [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	14.8
Connection to grid/Other status	Under construction
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 12,056
Solar Italy Two [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	4.95
Connection to grid/Other status	Under construction
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 4,069
Solar Italy Four [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	15.6
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 553
Solar Italy Five [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	87.2
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 4,535
Solar Italy Seven [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	54.77
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 1,852
Solar Italy Nine [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	8
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 464
Solar Italy Ten [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	18
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 1,071
Fairfield Solar [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	13.44
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 1,100
Mexia Solar I [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	5.6
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 808
Mexia Solar II [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	5.6
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 341
Malakoff Solar I [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	6.96
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 578
Malakoff Solar II [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	6.96
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 351
Talco Solar [Member]
Schedule of Investments in Photovoltaic Plants [Line Items]
Original nominal capacity | MW	10.3
Connection to grid/Other status	Ready to Build status
Cost included in book value as at December 31, 2023 (in Euro) | €	€ 789

Other Payables (Details) - Sche

Other Payables (Details) - Schedule of Other Payables € in Thousands, $ in Thousands	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Schedule of Other Payables [Abstract]
Employees and payroll accruals	€ 497		€ 358
Government authorities	1,602		1,426
Deferred revenues	1,058		1,794
Accrued expenses connected to Manara PSP	5,976		6,392
Other accrued expenses	1,587		853
Taxes on income	139		384
Total	€ 10,859	$ 12,010	€ 11,207

Current maturities and short _3

Current maturities and short term bank loans (Details)	12 Months Ended
	Dec. 31, 2023
Current Maturities and Short Term Bank Loans [Abstract]
Minority percentage	49%

Current maturities and short _4

Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans - EUR (€) € in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans [Line Items]
Current portion of long term bank loans		€ 9,784	€ 12,815
EURIBOR [Member]
Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans [Line Items]
Linkage terms		EURIBOR
Current portion of long term bank loans		€ 3,022	3,261
Other long term borrowings original currency	[1]	EURIBOR
Interest rate of other long term borrowings interest rate	[1]
Current borrowings and current portion of non-current borrowings	[1]	€ 5,000	€ 10,000
EURIBOR [Member] | Bottom of range [member]
Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans [Line Items]
Borrowings, interest rate			2%
Interest rate of other long term borrowings interest rate	[1]		5.27%
EURIBOR [Member] | Top of range [member]
Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans [Line Items]
Borrowings, interest rate		6%
Interest rate of other long term borrowings interest rate	[1]	9.20%
Fixed interest rate [member]
Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans [Line Items]
Linkage terms
Current portion of long term bank loans		€ 6,762	€ 7,463
Fixed interest rate [member] | Bottom of range [member]
Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans [Line Items]
Borrowings, interest rate			2.58%
Fixed interest rate [member] | Top of range [member]
Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans [Line Items]
Borrowings, interest rate		3.03%
Consumer price index in Israel [Member]
Current maturities and short term bank loans (Details) - Schedule of Current Maturities and Short Term Bank Loans [Line Items]
Linkage terms		Consumer price index in Israel
Borrowings, interest rate		4.65%
Current portion of long term bank loans			€ 2,091
[1]Loans provided by the minority (49%) holders in Talasol.

Loans (Details) - Part-1

Loans (Details) - Part-1 € in Thousands, ₪ in Thousands		12 Months Ended
	Apr. 30, 2019	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 ILS (₪)	Dec. 31, 2022 EUR (€)	Mar. 31, 2022 ILS (₪)	Feb. 11, 2021 EUR (€)	Feb. 11, 2021 ILS (₪)	Dec. 31, 2020	Mar. 12, 2019 EUR (€)
Loans (Details) - Part-1 [Line Items]
Minority percentage		49%
Separate loans		2
Floating interest rate		5.65%	5.65%					4.50%
Amount of loan			₪ 353,000						€ 18,400
Standby equity guarantee		€ 3,400	₪ 13,475
Floating interest rate [member]
Loans (Details) - Part-1 [Line Items]
Floating interest rate		9.10%	9.10%
Manara Project [Member]
Loans (Details) - Part-1 [Line Items]
Owned Israeli subsidiary		83.333%
Ellomay and Ampa Investments Ltd [Member]
Loans (Details) - Part-1 [Line Items]
Floating interest rate		7%	7%
Ellomay and Ampa Investments Ltd [Member] | Ellomay Pumped Storage [Member]
Loans (Details) - Part-1 [Line Items]
Standby equity guarantee		€ 3,300	₪ 12,500
Mezzanine Loan [Member]
Loans (Details) - Part-1 [Line Items]
Floating interest rate		5%	5%
Manara PSP Project Finance [Member]
Loans (Details) - Part-1 [Line Items]
Amount of loan | ₪			₪ 245,656
Manara PSP Project Finance [Member] | Ellomay Pumped Storage [Member]
Loans (Details) - Part-1 [Line Items]
Amount of loan		€ 65,452
Sheva Mizrakot Ltd [Member]
Loans (Details) - Part-1 [Line Items]
Owned Israeli subsidiary		16.667%
Israeli consortium Loan Agreement [Member]
Loans (Details) - Part-1 [Line Items]
Maturity date		December 31, 2027
Amount of loan						€ 338,000	₪ 1,270,000
Israeli consortium Loan Agreement [Member] | Manara Project [Member]
Loans (Details) - Part-1 [Line Items]
Aggregate amount		€ 17,100	64,000
Gse Three Uk Limited And Fond Ico Infraestructuras Ii, Ficc [Member] | Talasol Project [Member]
Loans (Details) - Part-1 [Line Items]
Owned Israeli subsidiary	49%
Maturity date		December 31, 2037
Amount of loan		€ 8,452	₪ 33,910
Manara Project [Member]
Loans (Details) - Part-1 [Line Items]
Floating interest rate		3%	3%
Amount of loan		€ 25,055
Long-term facilities		€ 16,800	₪ 63,000	€ 10,600	₪ 40,000
Manara Project [Member] | Senior Secured Tranche[Member]
Loans (Details) - Part-1 [Line Items]
Repaid over a period		19 years 6 months
Manara Project [Member] | Senior Secured Tranche[Member] | Ellomay Pumped Storage [Member]
Loans (Details) - Part-1 [Line Items]
Amount of loan		€ 5,527	₪ 20,875
Manara Project [Member] | Subordinated Secured B Tranche [Member]
Loans (Details) - Part-1 [Line Items]
Repaid over a period		12 years
Manara Project [Member] | Construction Period Of Project [Member] | Senior Secured Tranche[Member]
Loans (Details) - Part-1 [Line Items]
Floating interest rate		3.25%	3.25%
Manara Project [Member] | Construction Period Of Project [Member] | Senior Secured Tranche[Member] | Bottom of range [member] | Ellomay Pumped Storage [Member]
Loans (Details) - Part-1 [Line Items]
Interest rate range		2.75%
Manara Project [Member] | Construction Period Of Project [Member] | Subordinated Secured B Tranche [Member]
Loans (Details) - Part-1 [Line Items]
Floating interest rate		4.35%	4.35%
Manara Project [Member] | Actual Completion Date Of Project [Member] | Senior Secured Tranche[Member]
Loans (Details) - Part-1 [Line Items]
Floating interest rate		2.40%	2.40%
Manara Project [Member] | Actual Completion Date Of Project [Member] | Subordinated Secured B Tranche [Member]
Loans (Details) - Part-1 [Line Items]
Floating interest rate		3.90%	3.90%
Manara Project [Member] | Commercial Operation [Member] | Senior Secured Tranche[Member] | Top of range [member] | Ellomay Pumped Storage [Member]
Loans (Details) - Part-1 [Line Items]
Interest rate range		4.78%

Loans (Details) - Part-2

Loans (Details) - Part-2 € in Thousands, ₪ in Millions

1 Months Ended

12 Months Ended

Jan. 31, 2023 EUR (€)

Nov. 30, 2020 EUR (€)

Oct. 31, 2023

Mar. 31, 2023

Dec. 31, 2018 EUR (€)

Dec. 31, 2017 EUR (€)

Dec. 31, 2023 EUR (€)

Dec. 31, 2023 ILS (₪)

Jun. 30, 2023

Mar. 31, 2022

Dec. 31, 2020

Mar. 12, 2019 EUR (€)

Sep. 30, 2018 EUR (€)

Dec. 31, 2016 EUR (€)

Dec. 31, 2015 EUR (€)

Loans (Details) - Part-2 [Line Items]

Amount of loan

₪ 353

€ 18,400

Floating interest rate

5.65%

5.65%

4.50%

Fixed interest rate

5.95%

Fixed interest rate [member]

Loans (Details) - Part-2 [Line Items]

Floating interest rate

6.05%

6.05%

Talasol Project [Member]

Loans (Details) - Part-2 [Line Items]

Annual interest rate

C.In order to minimize the interest-rate risk resulting from liabilities to banks and financing institutions linked to the Euribor, the Company executed swap transactions.

Spanish subsidiaries [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

18,400

Goor loan agreement

The Facility Agreement provides for mandatory prepayment upon the occurrence of certain events and includes various customary representations, warranties and covenants, including covenants to maintain a DSCR on an aggregate basis not lower than 1.05:1, and not to make distributions unless, among other things: (i) the DSCR, on an aggregate basis, is equal to or higher than 1.15:1.0, (ii) the first instalment of the Project Finance has been repaid, (iii) no amount under the revolving credit tranche has been withdrawn and not fully repaid and no drawdowns of the revolving credit tranche are expected within the next six months, and (iv) the Subsidiaries’ net debt to regulatory value (as such terms are defined in the Facility Agreement) ratio is equal to or higher than 0.7:1.

Maturity date

December 2037

Annual interest rate

Euribor 6 months plus a margin of 2% (with a zero interest floor) and repaid semi-annually on June 20 and December 20

Photovoltaic Plants Subsidiaries [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 23,500

Aggregate nominal purchase price

€ 14,850

Aggregate amount

€ 14,600

Tranche One [Member]

Loans (Details) - Part-2 [Line Items]

Repaid over a period

12 years

/Number of installment

144 months

Tranche Two [Member]

Loans (Details) - Part-2 [Line Items]

Repaid over a period

12 years

/Number of installment

144 months

Tranche Three [Member]

Loans (Details) - Part-2 [Line Items]

Repaid over a period

12 years

/Number of installment

144 months

Tranche Four [Member]

Loans (Details) - Part-2 [Line Items]

Repaid over a period

12 years

/Number of installment

144 months

Senior Secured Tranche[Member] | Fixed interest rate [member]

Loans (Details) - Part-2 [Line Items]

Floating interest rate

5.15%

5.15%

Revolving Credit Facility1 Member | Spanish subsidiaries [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

800

Swap contract [member]

Loans (Details) - Part-2 [Line Items]

Aggregate amount

17,600

Swap contract [member] | Spanish subsidiaries [Member]

Loans (Details) - Part-2 [Line Items]

Maturity date

December 2037

Aggregate amount

€ 17,600

Annual interest rate

Euribor 6 month rate with a fixed 6 month rate of approximately 1%, resulting in a fixed annual interest rate of approximately 3%.

Goor Loan Agreement [Member]

Loans (Details) - Part-2 [Line Items]

Repaid over a period

12 years 3 months

Withdrawn loans

€ 5,600

Goor Loan Agreement [Member] | Tranche One [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 3,510

Floating interest rate

3%

3%

Fixed interest rate

3.45%

Goor Loan Agreement [Member] | Tranche Two [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 2,090

Floating interest rate

2.50%

Fixed interest rate

2.65%

Goor Loan Agreement [Member] | Credit Facility [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

370

Oude Tonge Loan Agreement [Member]

Loans (Details) - Part-2 [Line Items]

Withdrawn loans

€ 4,850

€ 4,850

Variable interest

100

Oude Tonge Loan Agreement [Member] | Tranche One [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

3,150

Oude Tonge Loan Agreement [Member] | Tranche Two [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

1,540

Floating interest rate

2.90%

Oude Tonge Loan Agreement [Member] | Tranche Three [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 160

Floating interest rate

3.40%

Repaid over a period

12 years 3 months

Rabobank [Member]

Loans (Details) - Part-2 [Line Items]

Fixed interest rate

3.95%

Rabobank [Member] | Groen Gas Oude-Tonge [Member]

Loans (Details) - Part-2 [Line Items]

Floating interest rate

3.10%

Luda And Ellomay Luxemburg Member

Loans (Details) - Part-2 [Line Items]

Goor loan agreement

that Groen Goor and Groen Gas Oude Tonge, as applicable, will not make distributions to its shareholders for a period of two years following the execution of the Loan Agreement, (b) that Groen Goor will not make distributions or repurchase its shares so long as the equity (including owners loans) to total assets ratio of Groen Goor is less than 40%, (c) that in the event the equity (including owners loans) to total assets ratio of Groen Goor and Groen Gas Oude Tonge will be below 40%, its shareholders will invest the equity required in order to increase this ratio to 40%, pro rata to their holdings in Groen Goor and Groen Gas Oude Tonge, as applicable, and up to a maximum of €1.2 million

Groen Gas Gelderl And Bv Member

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 750

Floating interest rate

3%

5%

Repaid over a period

3 years

Variable interest

€ 750

/Number of installment

56 months

Aggregate amount of withdrawn

€ 6,900

€ 6,900

Outstanding principal amount

1,890

Maturity date

August 2025

Maturity period

5 years

Groen Gas Gelderl And Bv Member | Tranche One [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 2,453

Floating interest rate

3.10%

3.60%

3.60%

Groen Gas Gelderl And Bv Member | Tranche Two [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 1,200

Floating interest rate

4.50%

4.50%

Fixed interest rate

3.50%

Groen Gas Gelderl And Bv Member | Tranche Three [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 400

Floating interest rate

3.55%

Groen Gas Gelderl And Bv Member | Tranche Four [Member]

Loans (Details) - Part-2 [Line Items]

Amount of loan

€ 2,847

Fixed interest rate

3.50%

Groen Gas Gelderl And Bv Member | New Facilities Agreement [Member]

Loans (Details) - Part-2 [Line Items]

Extension of maturity period

5 years

Groen Gas Gelderl And Bv Member | New Facilities Agreement [Member] | Talasol Project [Member]

Loans (Details) - Part-2 [Line Items]

Aggregate amount of withdrawn

€ 6,900

Loans (Details) - Part-3

Loans (Details) - Part-3 € in Thousands, ₪ in Thousands			12 Months Ended
	Dec. 31, 2021 EUR (€)	Apr. 30, 2019	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 ILS (₪)	Dec. 31, 2020	Mar. 12, 2019 EUR (€)
Loans (Details) - Part-3 [Line Items]
Amount of loan				₪ 353,000		€ 18,400
Floating interest rate			5.65%	5.65%	4.50%
Talasol Project [Member]
Loans (Details) - Part-3 [Line Items]
Annual interest rate			C.In order to minimize the interest-rate risk resulting from liabilities to banks and financing institutions linked to the Euribor, the Company executed swap transactions.
Talasol Project [Member] | Thirty June Two Thousand Forty Four [Member] | New Facilities Agreement [Member]
Loans (Details) - Part-3 [Line Items]
Amount of loan	€ 155,000
Maturity date	June 30, 2044
Talasol Project [Member] | Thirty One December Two Thousand Forty Two [Member] | New Facilities Agreement [Member]
Loans (Details) - Part-3 [Line Items]
Amount of loan	€ 20,000
Maturity date	December 31, 2042
Manara Project [Member]
Loans (Details) - Part-3 [Line Items]
Amount of loan			€ 25,055
Floating interest rate			3%	3%
Gse Three Uk Limited And Fond Ico Infraestructuras Ii, Ficc [Member] | Talasol Project [Member]
Loans (Details) - Part-3 [Line Items]
Amount of loan			€ 8,452	₪ 33,910
Maturity date			December 31, 2037
Owned Israeli subsidiary		49%
Owns of Talasol		24.50%
Annual interest rate		Euribor 6 mount plus 5.27%.

Loans (Details) - Schedule of L

Loans (Details) - Schedule of Loans - EUR (€) € in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Current Maturities [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 9,784	€ 12,815
Bank Loan [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		237,781	229,466
Bank Loan [Member] | Bank Of Israel Interest Rate [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 5,509	€ 2,986
Borrowings, interest rate		Bank of Israel interest rate
Bank Loan [Member] | Bottom of range [member] | Bank Of Israel Interest Rate [Member]
Schedule of Composed as Follows: [Line Items]
Current maturities			4.35%
Bank Loan [Member] | Top of range [member] | Bank Of Israel Interest Rate [Member]
Schedule of Composed as Follows: [Line Items]
Current maturities		9.10%
Bank Loan [Member] | EURIBOR [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 21,132	€ 23,918
Borrowings, interest rate		EURIBOR
Bank Loan [Member] | EURIBOR [Member] | Fixed interest rate [member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 156,748	€ 164,212
Borrowings, interest rate
Bank Loan [Member] | EURIBOR [Member] | Bottom of range [member]
Schedule of Composed as Follows: [Line Items]
Current maturities			2%
Bank Loan [Member] | EURIBOR [Member] | Bottom of range [member] | Fixed interest rate [member]
Schedule of Composed as Follows: [Line Items]
Current maturities			2.58%
Bank Loan [Member] | EURIBOR [Member] | Top of range [member]
Schedule of Composed as Follows: [Line Items]
Current maturities		6%
Bank Loan [Member] | EURIBOR [Member] | Top of range [member] | Fixed interest rate [member]
Schedule of Composed as Follows: [Line Items]
Current maturities		3.03%
Bank Loan [Member] | Consumer price index in Israel [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 64,176	€ 51,165
Borrowings, interest rate		Consumer price index in Israel
Bank Loan [Member] | Consumer price index in Israel [Member] | Bottom of range [member]
Schedule of Composed as Follows: [Line Items]
Current maturities			2.75%
Bank Loan [Member] | Consumer price index in Israel [Member] | Top of range [member]
Schedule of Composed as Follows: [Line Items]
Current maturities		4.78%
Consumer price index in Israel [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 247,565	€ 242,281
Other Long Term Loans [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		29,373	21,582
Other Long Term Loans [Member] | EURIBOR [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 25,055	€ 23,247
Borrowings, interest rate	[1]	EURIBOR(1)
Other Long Term Loans [Member] | EURIBOR [Member] | Bottom of range [member]
Schedule of Composed as Follows: [Line Items]
Current maturities		5.27%
Other Long Term Loans [Member] | EURIBOR [Member] | Top of range [member]
Schedule of Composed as Follows: [Line Items]
Current maturities			9.20%
Other Long Term Loans [Member] | Consumer price index in Israel [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 5,806	€ 4,857
Borrowings, interest rate		Consumer price index in Israel
Current maturities			7%
Other Long Term Loans [Member] | Fixed [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 3,512	€ 3,478
Borrowings, interest rate		Fixed
Other Long Term Loans [Member] | Fixed [Member] | Bottom of range [member]
Schedule of Composed as Follows: [Line Items]
Current maturities		5%
Other Long Term Loans [Member] | Fixed [Member] | Top of range [member]
Schedule of Composed as Follows: [Line Items]
Current maturities			5.50%
Other Long Term Loans [Member] | Current Maturities [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 5,000	€ 10,000
Other long-term loans total [Member]
Schedule of Composed as Follows: [Line Items]
Linkage terms		€ 34,373	€ 31,582
[1]Loans provided by the minority (49%) holders in Talasol.

Loans (Details) - Schedule of A

Loans (Details) - Schedule of Aggregate Annual Maturities - Loans [Member] - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Aggregate Annual Maturities [Line Items]
Long-term loans	€ 267,154	€ 251,048
Current maturities	14,308	22,187
Short-term loans	476	628
Total	281,938	273,863
Second year [Member]
Schedule of Aggregate Annual Maturities [Line Items]
Long-term loans	14,049	13,811
Third year [Member]
Schedule of Aggregate Annual Maturities [Line Items]
Long-term loans	13,668	15,952
Fourth year [Member]
Schedule of Aggregate Annual Maturities [Line Items]
Long-term loans	15,828	14,759
Fifth year [Member]
Schedule of Aggregate Annual Maturities [Line Items]
Long-term loans	24,462	16,026
Sixth year and thereafter [Member]
Schedule of Aggregate Annual Maturities [Line Items]
Long-term loans	€ 199,147	€ 190,500

Loans (Details) - Schedule of M

Loans (Details) - Schedule of Movement in Liabilities Deriving from Financing Activities - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Movement in Liabilities Deriving from Financing Activities [Line Items]
Balance Beginning	€ 384,291	€ 356,194
Changes from financing activities
Proceeds from issue of debentures	55,808
Repayment of debentures	(17,763)	(19,764)
Receipt of loans	32,157	215,170
Repayment of loans	(12,736)	(153,751)
Accrued interest	4,284	2,488
Linkage	1,849	2,029
Transaction costs related to borrowings	(240)	(3,082)
Issuance of capital note to non-controlling interest		(3,958)
Transfer to disposal groups held for sale	(13,047)
Total net financing liabilities	434,603	395,326
Effect of changes in foreign exchange rates	(12,578)	(11,035)
Balance Ending	422,025	384,291
Loans and borrowings [Member]
Schedule of Movement in Liabilities Deriving from Financing Activities [Line Items]
Balance Beginning	273,863	218,895
Changes from financing activities
Proceeds from issue of debentures
Repayment of debentures
Receipt of loans	32,157	215,170
Repayment of loans	(12,736)	(153,751)
Accrued interest	4,284	2,488
Linkage	1,849	2,029
Transaction costs related to borrowings	(686)	(3,861)
Issuance of capital note to non-controlling interest		(3,958)
Transfer to disposal groups held for sale	(13,047)
Total net financing liabilities	285,684	277,012
Effect of changes in foreign exchange rates	(3,746)	(3,149)
Balance Ending	281,938	273,863
Debentures [Member]
Schedule of Movement in Liabilities Deriving from Financing Activities [Line Items]
Balance Beginning	110,428	137,299
Changes from financing activities
Proceeds from issue of debentures	55,808
Repayment of debentures	(17,763)	(19,764)
Receipt of loans
Repayment of loans
Accrued interest
Linkage
Transaction costs related to borrowings	446	779
Issuance of capital note to non-controlling interest
Transfer to disposal groups held for sale
Total net financing liabilities	148,919	118,314
Effect of changes in foreign exchange rates	(8,832)	(7,886)
Balance Ending	€ 140,087	€ 110,428

Debentures (Details)

Debentures (Details) € / shares in Units, ₪ / shares in Units, ₪ in Thousands, $ in Thousands

1 Months Ended

12 Months Ended

Feb. 01, 2023 EUR (€)

Feb. 01, 2023 ILS (₪)

Aug. 17, 2022 USD ($)

Jun. 06, 2022

Feb. 23, 2021 EUR (€) € / shares

Oct. 31, 2021 EUR (€)

Oct. 31, 2021 ILS (₪)

Feb. 23, 2021 EUR (€) € / shares

Feb. 23, 2021 ILS (₪)

Oct. 26, 2020 EUR (€)

Oct. 26, 2020 ILS (₪)

Jul. 25, 2019 EUR (€)

Jul. 25, 2019 ILS (₪)

Dec. 31, 2023 EUR (€)

Dec. 31, 2023 ILS (₪)

Feb. 01, 2023 ILS (₪)

Oct. 31, 2021 ILS (₪) ₪ / shares

Jun. 25, 2021 EUR (€)

Feb. 23, 2021 USD ($)

Feb. 23, 2021 ILS (₪) ₪ / shares

Oct. 26, 2020 ILS (₪)

Jul. 25, 2019 ILS (₪)

Series C Debentures [Member]

Debentures [Line items]

Aggregate princiipal amount

€ 25,442,000

€ 32,100,000

€ 25,442,000

€ 38,500,000

€ 22,690,000

Gross proceeds from offering

€ 32,529,000

41,100,000

Net proceeds from offering

€ 25,534,000

€ 40,300,000

€ 22,317,000

Principal amount of each unit comprised (in New Shekels) | ₪

₪ 1

Debenture issued per unit price (in New Shekels per share) | ₪ / shares

₪ 1.0135

Aggregate repayment of debenture (in Dollars) | $

$ 3,800

Debentures payable term

The principal amount of Series C Debentures is repayable in five (5) unequal annual installments as follows: on June 30, 2021 10% of the principal shall be paid, on June 30 of each of the years 2022 and 2023, 15% of the principal shall be paid and on June 30 of each of the years 2024 and 2025, 30% of the principal shall be paid. The Series C Debentures originally bore a fixed interest at the rate of 3.3% per year (that is not linked to the Israeli CPI or otherwise), payable semi-annually on June 30 and December 31 commencing December 31, 2019 through June 30, 2025 (inclusive).

Annual interest rate

0.25%

Percentage of distributable profit

75%

75%

Liabilities amount (in Euro)

€ 2,000

Series C Debentures [Member] | Bottom of Range [Member]

Debentures [Line items]

Fixed interest rate

3.30%

0.25%

0.25%

0.25%

0.25%

0.25%

0.25%

Series C Debentures [Member] | Top of Range [Member]

Debentures [Line items]

Fixed interest rate

3.55%

0.50%

0.50%

Series C Debentures [Member] | Israel, New Shekels

Debentures [Line items]

Aggregate princiipal amount | ₪

₪ 120,000

₪ 100,939

₪ 154,000

₪ 89,065

Gross proceeds from offering | ₪

₪ 121,600

₪ 102,400

₪ 164,200

₪ 89,065

Net proceeds from offering | ₪

₪ 101,500

₪ 162,400

₪ 87,600

Notional amount (in New Shekels) | ₪

₪ 100,000

Series One Options Member | Israel, New Shekels

Debentures [Line items]

Aggregate princiipal amount | ₪

₪ 385,000

Series D Debentures [Member]

Debentures [Line items]

Aggregate princiipal amount

€ 15,627,000

€ 15,627,000

Net proceeds from offering

€ 15,577,000

Debentures payable term

The principal amount of the Series D Convertible Debentures is repayable in one installment on December 31, 2026. The Series D Convertible Debentures bear a fixed interest at the rate of 1.2% per year (that is not linked to the Israeli CPI or otherwise), payable semi-annually on June 30 and December 31 commencing June 30, 2021, through December 31, 2026 (inclusive).

Fixed interest rate

1.20%

1.20%

1.20%

1.20%

Equity (in Euro)

€ 70,000,000

€ 70,000,000

€ 50,000,000

Amount of immediate repayment provision (in Euro)

€ 75,000

€ 75,000

€ 60,000

Debentures Convertible Into Ordinary Shares Par Value Per Share (in New Shekels per share) | (per share)

€ 41.6

€ 41.6

₪ 165

Debt Instrument Conversion Price | € / shares

€ 41.6

€ 41.6

Long Term Liabilities Recognized In Connection With Convertible Debt

€ 1,890,000

€ 1,890,000

Liabilities amount (in Euro)

€ 82,000

Interest rate

0.75%

0.75%

Amount Of Expansion Of Aggregate Par Value Of Debentures (in New Shekels) | ₪

₪ 200,000

Series D Debentures [Member] | Israel, New Shekels

Debentures [Line items]

Aggregate princiipal amount | ₪

₪ 62,000

Gross proceeds from offering | ₪

62,600

Net proceeds from offering | ₪

₪ 61,800

Debentures Convertible Into Ordinary Shares Par Value Per Share (in New Shekels per share) | ₪ / shares

₪ 10

Debt Instrument Conversion Price | ₪ / shares

₪ 165

Long Term Liabilities Recognized In Connection With Convertible Debt | ₪

₪ 7,504

Series E Debentures [Member]

Debentures [Line items]

Aggregate princiipal amount

€ 58,500,000

₪ 220,000

Net proceeds from offering

€ 56,000,000

₪ 218,000

Fixed interest rate

6.05%

6.05%

Equity (in Euro)

€ 75,000,000

Amount of immediate repayment provision (in Euro)

€ 80

Percentage of distributable profit

60%

60%

Series E Debentures [Member] | Bottom of Range [Member]

Debentures [Line items]

Annual interest rate

0.25%

0.25%

Series E Debentures [Member] | Top of Range [Member]

Debentures [Line items]

Annual interest rate

0.75%

0.75%

Series E Debentures [Member] | Ellomay Luzon Energy [Member]

Debentures [Line items]

Ownership percentage

50%

50%

Series E Debentures [Member] | Dorad [Member]

Debentures [Line items]

Ownership percentage

18.75%

18.75%

Net Financial Debt [Member] | Series C Debentures [Member]

Debentures [Line items]

Percentage of equity on consolidated basis

60%

60%

Net Financial Debt [Member] | Series D Debentures [Member]

Debentures [Line items]

Percentage of immediate repayment provision

68%

68%

67.50%

67.50%

Percentage of interest increase provision

60%

60%

60%

60%

Percentage of equity on consolidated basis

60%

60%

60%

60%

Equity rate (in Dollars) | $

$ 85,000

Net Financial Debt [Member] | Series E Debentures [Member]

Debentures [Line items]

Percentage of immediate repayment provision

65%

65%

Percentage of interest increase provision

60%

60%

Percentage of equity on consolidated basis

60%

60%

Company Balance Sheet [Member] | Series D Debentures [Member]

Debentures [Line items]

Equity (in Euro)

€ 70,000,000

Company Balance Sheet [Member] | Series E Debentures [Member]

Debentures [Line items]

Equity (in Euro)

€ 90,000,000

Debentures (Details) - Schedule

Debentures (Details) - Schedule of Debentures - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Face value [Member]
Schedule of Debentures [Line items]
Debentures	€ 141,689	€ 111,911
Less current maturities	35,698	19,078
Total long-term debentures	105,991	92,833
Carrying amount [Member]
Schedule of Debentures [Line items]
Debentures	140,087	110,428
Less current maturities	35,200	18,714
Total long-term debentures	€ 104,887	€ 91,714

Debentures (Details) - Schedu_2

Debentures (Details) - Schedule of Aggregate Annual Maturities € in Thousands, $ in Thousands	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Schedule of Aggregate Annual Maturities [Line items]
Long-term debentures	€ 104,887		€ 91,714
Current maturities	35,200	$ 38,933	18,714
Long-term loans	140,087		110,428
Second year [Member]
Schedule of Aggregate Annual Maturities [Line items]
Long-term debentures	35,212		37,779
Third year [Member]
Schedule of Aggregate Annual Maturities [Line items]
Long-term debentures	28,692		37,792
Fourth year [Member]
Schedule of Aggregate Annual Maturities [Line items]
Long-term debentures	13,625		16,143
Fifth year [Member]
Schedule of Aggregate Annual Maturities [Line items]
Long-term debentures	13,657
Later than five years and not later than seven years [member]
Schedule of Aggregate Annual Maturities [Line items]
Long-term debentures	€ 13,701

Other Long-term Liabilities (De

Other Long-term Liabilities (Details) - Schedule of Other Long-Term Liabilities € in Thousands, $ in Thousands		Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Schedule of Other Long Term Liabilities [Abstract]
Warrants Liability (see Note 16)		€ 84		€ 329
Other liabilities	[1]	793		1,626
Liabilities for employee’s benefits		62		66
Total Other Long-term Liabilities		€ 939	$ 1,039	€ 2,021
[1]Represents the long-term portion of the potential liability in connection with the acquisition of rights in the Manara PSP. See Note 6B.

Leases (Details)

Leases (Details) € in Thousands, ₪ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€)		Dec. 31, 2023 ILS (₪)	Dec. 31, 2022 EUR (€)		Dec. 31, 2022 ILS (₪)	Dec. 31, 2021 EUR (€)		Dec. 31, 2021 ILS (₪)	Dec. 31, 2023 USD ($)
Leases (Details) [Line Items]
Percentage of rent	2%		2%
Rent years	3 years									3 years
Lease liability	€ 24,380
Right-of-use asset	30,967			€ 30,020						$ 34,251
Payment of lease liabilities	€ 2,527
Annual rent increases percentage	2%		2%
Right-of-use asset	€ 2,142
Interest expenses on lease liability (in New Shekels)	407	[1]	₪ 66	370	[1]	₪ 74	€ 367	[1]	₪ 73
Discontinued Operation [Member]
Leases (Details) [Line Items]
Depreciation expenses	€ 111			€ 117			€ 110
Talco Solar LLC [Member]
Leases (Details) [Line Items]
Operating Lease Agreement Term	25-35 years		25-35 years
Annual rent	€ 207
Ellomay Solar photovoltaic [Member]
Leases (Details) [Line Items]
Operating Lease Agreement Term	24 years and 11 months		24 years and 11 months
Lease Expire dates	July 2046		July 2046
Capitalized rent	€ 7,758		₪ 28,800
Quarterly rent (in New Shekels) | ₪			₪ 165
Lease liability	10,629
Right-of-use asset	€ 10,629
Ellomay Solar Italy One Srl [Member]
Leases (Details) [Line Items]
Operating Lease Agreement Term	31 years		31 years
Capitalized rent	€ 397
Lease liability	2,527
Payment of lease liabilities	208
Office Space [Member]
Leases (Details) [Line Items]
Payment of lease liabilities	262
Material Lease Agreements [Member]
Leases (Details) [Line Items]
Lease liability	€ 2,142
[1] The remainder of the depreciation and the interest is capitalized to fixed assets.

Leases (Details) - Schedule of

Leases (Details) - Schedule of Right-of-use Assets - Right-of-use assets [member] - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases (Details) - Schedule of Right-of-use Assets [Line Items]
Balance as beginning	€ 30,020	€ 23,367
Lease agreements entered into during the period	4,669	8,861
Depreciation for the year	(1,433)	(1,366)
Other	(287)	(57)
Effect of changes in exchange rates	(798)	(785)
Transfer to disposal groups held for sale	(1,204)
Balance as ending	30,967	30,020
Bio Gas [Member]
Leases (Details) - Schedule of Right-of-use Assets [Line Items]
Balance as beginning	46	170
Lease agreements entered into during the period
Depreciation for the year	(26)	(124)
Other
Effect of changes in exchange rates
Transfer to disposal groups held for sale
Balance as ending	20	46
Italy [Member]
Leases (Details) - Schedule of Right-of-use Assets [Line Items]
Balance as beginning	8,733
Lease agreements entered into during the period	2,527	8,861
Depreciation for the year	(262)	(128)
Other	(1,472)
Effect of changes in exchange rates
Transfer to disposal groups held for sale
Balance as ending	9,526	8,733
Spain [Member]
Leases (Details) - Schedule of Right-of-use Assets [Line Items]
Balance as beginning	2,314	2,755
Lease agreements entered into during the period
Depreciation for the year	(126)	(120)
Other	139	(321)
Effect of changes in exchange rates
Transfer to disposal groups held for sale
Balance as ending	2,327	2,314
Talasol [Member]
Leases (Details) - Schedule of Right-of-use Assets [Line Items]
Balance as beginning	7,183	7,587
Lease agreements entered into during the period
Depreciation for the year	(455)	(404)
Other	867
Effect of changes in exchange rates
Transfer to disposal groups held for sale
Balance as ending	7,595	7,183
Pumped storage [Member]
Leases (Details) - Schedule of Right-of-use Assets [Line Items]
Balance as beginning	10,413	11,352
Lease agreements entered into during the period
Depreciation for the year	(429)	(473)
Other	110	228
Effect of changes in exchange rates	(669)	(694)
Transfer to disposal groups held for sale
Balance as ending	9,425	10,413
USA [Member]
Leases (Details) - Schedule of Right-of-use Assets [Line Items]
Balance as beginning
Lease agreements entered into during the period	2,142
Depreciation for the year	(24)
Other
Effect of changes in exchange rates	(44)
Transfer to disposal groups held for sale
Balance as ending	2,074
Talmei Yosef [Member]
Leases (Details) - Schedule of Right-of-use Assets [Line Items]
Balance as beginning	1,331	1,503
Lease agreements entered into during the period
Depreciation for the year	(111)	(117)
Other	69	36
Effect of changes in exchange rates	(85)	(91)
Transfer to disposal groups held for sale	(1,204)
Balance as ending		€ 1,331

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Maturity Analysis of Company's Lease Liabilities € in Thousands, $ in Thousands	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Leases (Details) - Schedule of Maturity Analysis of Company's Lease Liabilities [Line Items]
Lease Liability	€ 24,380
Current maturities of lease liability	700	$ 774	€ 745
Long-term lease liability	23,680	$ 26,191	€ 22,005
Less than one year [Member]
Leases (Details) - Schedule of Maturity Analysis of Company's Lease Liabilities [Line Items]
Lease Liability	700
One to five years [Member]
Leases (Details) - Schedule of Maturity Analysis of Company's Lease Liabilities [Line Items]
Lease Liability	2,970
More than five years [Member]
Leases (Details) - Schedule of Maturity Analysis of Company's Lease Liabilities [Line Items]
Lease Liability	€ 20,710

Leases (Details) - Schedule o_3

Leases (Details) - Schedule of Amounts Recognized in Profit or Loss € in Thousands, ₪ in Thousands		12 Months Ended
		Dec. 31, 2023 EUR (€)		Dec. 31, 2023 ILS (₪)	Dec. 31, 2022 EUR (€)		Dec. 31, 2022 ILS (₪)	Dec. 31, 2021 EUR (€)		Dec. 31, 2021 ILS (₪)
Schedule of Amounts Recognized in Profit or Loss [Member]
Depreciation on right-of-use asset	[1]	€ 718			€ 743			€ 774
Interest expenses on lease liability		€ 407	[1]	₪ 66	€ 370	[1]	₪ 74	€ 367	[1]	₪ 73
[1] The remainder of the depreciation and the interest is capitalized to fixed assets.

Transactions and Balances wit_3

Transactions and Balances with Related Parties (Details) € in Thousands, ₪ in Thousands, $ in Thousands			1 Months Ended	12 Months Ended
	Aug. 12, 2021 EUR (€)	Aug. 12, 2021 ILS (₪)	Dec. 30, 2008 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 ILS (₪)
Transactions and Balances with Related Parties (Details) [Line Items]
Company’s shareholders				€ 60	₪ 239
Conversion amount					46,933
Shareholders loans portion					₪ 23,467
Kanir and Meisaf [Member]
Transactions and Balances with Related Parties (Details) [Line Items]
Aggregate annual management fee	€ 345	₪ 1,386	$ 400
Kanir And Keystone R P Holdings And Investments Ltd Member
Transactions and Balances with Related Parties (Details) [Line Items]
Aggregate annual management fee	€ 449	1,800,000
Kanir [Member]
Transactions and Balances with Related Parties (Details) [Line Items]
Aggregate annual management fee		660
Keystone [Member]
Transactions and Balances with Related Parties (Details) [Line Items]
Aggregate annual management fee		₪ 1,140

Transactions and Balances wit_4

Transactions and Balances with Related Parties (Details) - Schedule of Key Management Personnel and Interested Parties - Key management personnel of entity or parent [member] € in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)
Transactions and Balances with Related Parties (Details) - Schedule of Key Management Personnel and Interested Parties [Line Items]
Short-term Benefits, Number of People	3	3	3
Short-term Benefits, Amount	€ 703	€ 994	€ 763
Post-employment Benefits,Number of People	2	2	2
Post-employment Benefits, Amount	€ 66	€ 72	€ 61
Share-based payments, Number of People	3	3	3
Share-based payments, Amount	€ 80	€ 69	€ 68

Transactions and Balances wit_5

Transactions and Balances with Related Parties (Details) - Schedule of Compensation to Directors - Key Management Non Personnel of Entity or Parent [Member] € in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)
Schedule of Compensation to Directors [Line Items]
Total compensation to directors not employed by the Company, Number of people	4	4	4
Total compensation to directors not employed by the Company, Amount	€ 80	€ 90	€ 72
Share-based payments, Number of people	4	4	4
Share-based payments, Amount	€ 28	€ 36	€ 10

Transactions and Balances wit_6

Transactions and Balances with Related Parties (Details) - Schedule of Debts and Loans to Related and Interested Parties - Ellomay Luzon Energy [Member] - EUR (€) € in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Transactions and Balances with Related Parties (Details) - Schedule of Debts and Loans to Related and Interested Parties [Line Items]
Annual interest rate	[1]	8.10%
Debts and loans to related and intrested parites			€ 2,665
Interest income recognized in statement of income		€ 267	€ 1,398	€ 821
[1] See Note 6A regarding the conversion of approximately NIS 46,933 thousand of the shareholders loans (of which the Company’s portion is approximately NIS 23,467 thousand) to capital notes.

Equity (Details)

Equity (Details) € / shares in Units, ₪ / shares in Units, € in Thousands, ₪ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2022 EUR (€) shares

Apr. 17, 2024 ₪ / shares

Dec. 31, 2023 EUR (€) shares

Dec. 31, 2023 USD ($) shares

Dec. 31, 2023 ILS (₪) shares

Dec. 31, 2021 shares

Feb. 23, 2021 EUR (€) € / shares

Feb. 23, 2021 ILS (₪) ₪ / shares

Oct. 26, 2020 EUR (€) € / shares

Oct. 26, 2020 USD ($)

Oct. 26, 2020 ILS (₪) ₪ / shares

Mar. 12, 2019 EUR (€)

Equity (Details) [Line Items]

Aggregate principal amount

₪ 353,000

€ 18,400

Price per share | ₪ / shares

₪ 40,000,000

Liabilities

€ 493,080

€ 487,753

$ 539,476

Board and Employee [Member]

Equity (Details) [Line Items]

Number of share options exercised to ordinary shares

3,290

Series C Debentures [Member]

Equity (Details) [Line Items]

Aggregate principal amount

€ 38,500

₪ 154,000

Liabilities | €

2

Series D Convertible Debentures [Member]

Equity (Details) [Line Items]

Aggregate principal amount

€ 16,956

₪ 62,000

Price per share | ₪ / shares

₪ 10

Proceeds from private placement

€ 1,890

₪ 7,504

Liabilities | €

€ 82

Conversion price | (per share)

€ 41.6

₪ 165

Ordinarty Shares [Member]

Equity (Details) [Line Items]

Net of treasury shares (in Shares) | shares

258,046

258,046

258,046

258,046

258,046

Number of share options exercised to ordinary shares

1

Ordinarty Shares [Member] | Series C Debentures [Member]

Equity (Details) [Line Items]

Price per share | (per share)

€ 37.5

₪ 150

Proceeds from private placement

€ 2,224

₪ 8,891

Ordinarty Shares [Member] | Series One Options [Member]

Equity (Details) [Line Items]

Amount of ordinary shares repurchased (in Dollars) | $

$ 385,000

Equity (Details) - Schedule of

Equity (Details) - Schedule of Composition of Share Capital - shares		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Composition of Share Capital [Abstract]
Ordinary shares of NIS 10.00 par value, Authorized		17,000,000	17,000,000	17,000,000
Ordinary shares of NIS 10.00 par value, Issued and Outstanding	[1]	12,852,585	12,852,585	12,849,295
[1] Net of 258,046 Ordinary shares held as treasury shares as of December 31, 2023, 2022 and 2021, all of which have been purchased according to share buyback programs that were authorized by the Company’s Board of Directors.

Share-Based Payment (Details)

Share-Based Payment (Details)	1 Months Ended		12 Months Ended
	Aug. 31, 2000	Dec. 31, 1998	Dec. 31, 2023 $ / shares	Dec. 31, 2022 $ / shares	Dec. 31, 2021 $ / shares	Dec. 31, 2020 $ / shares
Share-Based Payment [Line Items]
Aggregate amount of ordinary shares			4,616	4,000	37,000
Options to purchase			54,010	49,394	48,684	31,135
Weighted average remaining contractual life			8 years 2 months 23 days	8 years 4 months 24 days	9 years 4 months 17 days
Range of exercise prices (in Dollars per share)			$ 26.28	$ 26.98	$ 26.16	$ 12.94
Bottom of range [member]
Share-Based Payment [Line Items]
Range of exercise prices (in Dollars per share)			8.41	8.41	8.41
Top of range [member]
Share-Based Payment [Line Items]
Range of exercise prices (in Dollars per share)			$ 34.44	$ 34.44	$ 34.44
Plan 1998 [Member]
Share-Based Payment [Line Items]
Expires		10 years
Aggregate amount of ordinary shares		75,000
Original expiration		December 8, 2008
Current expiration date		December 8, 2028
Options to purchase			19,365
Available for future grants			18,051
Plan 1998 [Member] | Key management personnel of entity or parent [member]
Share-Based Payment [Line Items]
Aggregate amount of ordinary shares			4,616	4,000	4,000
Plan 2000 [Member]
Share-Based Payment [Line Items]
Expires	10 years
Aggregate amount of ordinary shares	200,000
Original expiration	August 31, 2028
Options to purchase			34,645
Available for future grants			547,206
Options vest	3 years
Fair market value	80%

Share-Based Payment (Details) -

Share-Based Payment (Details) - Schedule of Expenses Recognized in Financial Statements - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Expenses Recognized In Financial Statements Abstract
Expenses arising from share-based payment transactions	€ 122	€ 127	€ 63

Share-Based Payment (Details)_2

Share-Based Payment (Details) - Schedule of Black-Scholes Options Pricing Model - € / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Black-Scholes Options Pricing Model [Line Items]
Dividend yield	0%	0%	0%
Expected volatility	0.509%	0.405%	0.433%
Risk-free interest	4.92%	2.90%	0.48%
Exercise price (in Euro per share)	€ 16.11	€ 27.22	€ 29.27
Bottom of range [member]
Schedule of Black-Scholes Options Pricing Model [Line Items]
Expected life (in years)	2	2	2
Top of range [member]
Schedule of Black-Scholes Options Pricing Model [Line Items]
Expected life (in years)	3	3	3

Share-Based Payment (Details)_3

Share-Based Payment (Details) - Schedule of Weighted Average Fair Values and Exercise Price - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Weighted Average Fair Values and Exercise Price [Line Items]
Weighted average exercise prices	$ 16.11	$ 27.22	$ 29.27
Weighted average fair value on grant date	$ 5.11	$ 7.27	$ 9.65

Share-Based Payment (Details)_4

Share-Based Payment (Details) - Schedule of Number and Weighted Average Exercise Prices of Share Options	12 Months Ended
	Dec. 31, 2023 $ / shares	Dec. 31, 2022 $ / shares	Dec. 31, 2021 $ / shares
Schedule of Number and Weighted Average Exercise Prices of Share Options [Line Items]
Outstanding at beginning of year, Number of options	49,394	48,684	31,135
Outstanding at beginning of year, Weighted Average Exercise Price	$ 26.98	$ 26.16	$ 12.94
Granted during the year, Number of options	4,616	4,000	37,000
Granted during the year, Weighted Average Exercise Price	$ 16.11	$ 27.22	$ 29.27
Exercised during the year, Number of options		(3,290)	(18,451)
Exercised during the year, Weighted Average Exercise Price		$ 11.19	$ 10.06
Expired during the year, Number of options			(1,000)
Expired during the year, Weighted Average Exercise Price			$ 26.63
Outstanding at end of year, Number of options	54,010	49,394	48,684
Outstanding at end of year, Weighted Average Exercise Price	$ 26.28	$ 26.98	$ 26.16
Exercisable at end of year, Number of options	38,394	23,394	6,749
Exercisable at end of year, Weighted Average Exercise Price	$ 26.63	$ 25.25	$ 20.05

Details of the Statements of _3

Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Details) - Schedule of Revenues - Discontinued operations [member] - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Details) - Schedule of Revenues [Line Items]
Revenues from the sale of solar electricity	€ 31,813	€ 39,601		€ 32,019
Revenues from the sale of gas and power produced by anaerobic digestion plants	17,021	12,640		12,686
Total revenues	€ 48,834	€ 52,241		€ 44,705
[1] Reclassified due to discontinued operation - see Note 23.

Details of the Statements of _4

Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Details) - Schedule of Operating Costs, Depreciation and Amortization - Operating Costs, Depreciation and Amortization [Member] - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Details) - Schedule of Operating Costs, Depreciation and Amortization [Line Items]
Depreciation from fixed assets	€ 15,405	€ 14,954		€ 13,977
Depreciation from right-of-use assets	607	626		664
Professional services	2,549	2,232		1,465
Operating and maintenance services	16,276	13,827		11,193
System operator charges	2,385	6,882		3,046
Insurance	842	649		506
Other	809	81		1,013
Total operating costs	€ 38,873	€ 39,251		€ 31,864
[1] Reclassified due to discontinued operation - see Note 23.

Details of the Statements of _5

Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Details) - Schedule of General and Administrative Expenses - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[1]
Schedule of General and Administrative Expenses [Abstract]
Salaries and related compensation	€ 1,797	€ 2,151		€ 1,505
Professional services	2,306	2,367		2,785
Other	1,180	1,337		1,334
Total general and administrative expenses	€ 5,283	€ 5,855		€ 5,624
[1] Reclassified due to discontinued operation - see Note 23.

Details of the Statements of _6

Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Details) - Schedule of Financing Income - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Schedule of Financing Income [Abstract]
Interest income	€ 2,015	€ 402		€ 266
Change in fair value of derivatives, net	251	605
Profit from settlement of derivatives contract				407
Gain from exchange rate differences, net	6,732	6,041
Total financing income	€ 8,998	€ 7,048		€ 673
[1] Reclassified due to discontinued operation - see Note 23.

Details of the Statements of _7

Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Details) - Schedule of Financing Expenses - Financing Expenses [Member] - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[1]
Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss) (Details) - Schedule of Financing Expenses [Line Items]
Change in fair value of derivatives, net				€ 841
Debentures interest and related expenses	3,876	2,130		3,220
Interest and commissions related to projects finance	5,825	5,852		4,313
Amortization of capitalized expenses related to projects finance	252	246		12,180
Interest on minority shareholder loan	2,014	1,529		2,055
Bank charges and other commissions	247	471		137
Interest on lease liability	341	296		294
Loss from exchange rate differences, net				5,394
Total financing expenses	€ 12,555	€ 10,524		€ 28,434
[1] Reclassified due to discontinued operation - see Note 23.

Taxes on Income (Details)

Taxes on Income (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Taxes on Income (Details) [Line Items]
Tax rates	23%		23%
Amount of net wealth tax (in Euro)	€ 500
Percentage of financing expenses	30%
Financial expenses (in Euro)	€ 1,000
Tax loss carryforwards (in Euro)	1,592
Bottom of range [member]
Taxes on Income (Details) [Line Items]
Amount of net wealth tax (in Euro)	535
Top of range [member]
Taxes on Income (Details) [Line Items]
Amount of maximum net wealth tax (in Euro)	€ 32,100
Corporate Income Tax [Member]
Taxes on Income (Details) [Line Items]
Percentage of net wealth tax rate	0.50%
Italian taxation [Member]
Taxes on Income (Details) [Line Items]
Tax rates	24%
Italian taxation [Member] | Resident and Non-Resident [Member]
Taxes on Income (Details) [Line Items]
Tax rate reduced	only on income arising in Italy at the rate from 3.29% (in 2024 the minimum rate will increase to 3.9%) to 4.82%
Spainsh Taxation [Member]
Taxes on Income (Details) [Line Items]
Tax rates	25%
Percentage of financing expenses	30%
Financial expenses (in Euro)	€ 1,000
Dutch Subsidiaries [Member]
Taxes on Income (Details) [Line Items]
Tax loss carryforwards (in Euro)	€ 18,906
The Netherlands Taxation Member
Taxes on Income (Details) [Line Items]
Tax rates	19%	15%	15%
Unrecognized tax benefits (in Euro)	€ 200	€ 395	€ 245
Percetage of taxable profits exceeding	25.80%	25%	25%

Taxes on Income (Details) - Sch

Taxes on Income (Details) - Schedule of Composition of Income Tax Benefit (Taxes on Income) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[1]
Current tax expense
Current year	€ (932)	€ (1,826)		€ (977)
Current tax expense, net	(932)	(1,826)		(977)
Deferred tax income
Creation and reversal of temporary differences	1,655	174		3,513
Adjustments for prior years, net	713
Deferred tax income	2,368	174		3,513
Tax benefit (taxes on income)	€ 1,436	€ (1,652)		€ 2,536
[1] Reclassified due to discontinued operation - see Note 23.

Taxes on Income (Details) - S_2

Taxes on Income (Details) - Schedule of Theoretical Tax on the Pre-Tax Profit and the Tax Expense - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[1]
Schedule of Theoretical Tax [Abstract]
Profit (loss) before taxes on income	€ 976	€ 1,081		€ (22,935)
Primary tax rate of the Company	23%	23%		23%
Tax benefit (tax expenses) calculated according to the Company’s primary tax rate	€ (224)	€ (249)		€ 5,275
Additional tax saving in respect of:
Different tax rate of foreign subsidiaries	(72)	(488)		(40)
Neutralization of tax calculated in respect of the Company’s share in profits of equity accounted investees	994	277		27
Difference between measurement basis of income (expenses) for tax purposes and measurement basis of income (expenses) for financial reporting purposes	(47)	(706)
Changes in deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past	713	282
Utilization of tax losses and benefits from prior years for which deferred taxes were not created	1,363	566
Change in temporary differences for which deferred tax were not recognized	106			51
Current year tax losses and benefits for which deferred taxes were not created	(1,275)	(1,199)		(2,770)
Permanent differences	(122)	(135)		(7)
Actual tax benefit (taxes on income)	€ 1,436	€ (1,652)		€ 2,536
[1] Reclassified due to discontinued operation - see Note 23.

Taxes on Income (Details) - S_3

Taxes on Income (Details) - Schedule of Deferred Taxes - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Deferred Taxes [Line Items]
Balance of deferred tax asset (liability) as at January 1	€ 16,740	€ 3,908
Changes recognized in profit or loss	3,058	3,034
Changes recognized in other comprehensive income	(16,354)	9,798
Transfer to disposal groups held for sale (see Note 23)	2,717
Balance of deferred tax asset (liability) as at December 31	6,161	16,740
Financial Assets [Member]
Schedule of Deferred Taxes [Line Items]
Balance of deferred tax asset (liability) as at January 1	(3,642)	(6,964)
Changes recognized in profit or loss	690	3,065
Changes recognized in other comprehensive income	235	257
Transfer to disposal groups held for sale (see Note 23)	2,717
Balance of deferred tax asset (liability) as at December 31		(3,642)
Fixed Assets and Lease [Member]
Schedule of Deferred Taxes [Line Items]
Balance of deferred tax asset (liability) as at January 1	(2,124)	(1,555)
Changes recognized in profit or loss	774	(569)
Changes recognized in other comprehensive income
Transfer to disposal groups held for sale (see Note 23)
Balance of deferred tax asset (liability) as at December 31	(1,350)	(2,124)
Swap Contracts [Member]
Schedule of Deferred Taxes [Line Items]
Balance of deferred tax asset (liability) as at January 1	14,944	5,400
Changes recognized in profit or loss
Changes recognized in other comprehensive income	(16,589)	9,544
Transfer to disposal groups held for sale (see Note 23)
Balance of deferred tax asset (liability) as at December 31	(1,645)	14,944
Carry- forward Tax Losses [Member]
Schedule of Deferred Taxes [Line Items]
Balance of deferred tax asset (liability) as at January 1	7,562	7,027
Changes recognized in profit or loss	1,594	538
Changes recognized in other comprehensive income		(3)
Transfer to disposal groups held for sale (see Note 23)
Balance of deferred tax asset (liability) as at December 31	€ 9,156	€ 7,562

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Weighted average number of ordinary shares options and warrants	$ 794	$ 779	$ 762

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Computation of Basic and Diluted Earnings Per Share € / shares in Units, € in Thousands		12 Months Ended
		Dec. 31, 2023 EUR (€) € / shares shares	Dec. 31, 2023 $ / shares	Dec. 31, 2022 EUR (€) € / shares shares		Dec. 31, 2021 EUR (€) € / shares shares
Schedule Of Computation Of Basic And Diluted Earnings Per Share Abstract
Net profit (loss) attributed to owners of the Company (in Euro)		€ 2,219		€ (357)		€ (15,090)
Net profit (loss) attributed to owners of the Company from continuing operations (in Euro)		4,006		(1,068)		(15,849)
Net profit (loss) attributed to owners of the Company from discontinued operation (in Euro)		€ (1,787)		€ 711		€ 759
Weighted average ordinary shares outstanding (in Shares) | shares	[1]	12,852,585		12,850,118		12,824,088
Stock options and warrants (in Euro)		€ 3,462		€ 7,796		€ 8,637
Diluted weighted average ordinary shares outstanding (in Shares) | shares	[2]	12,856,047		12,857,914		12,832,725
Basic net earning (loss) per share | (per share)		€ 0.17	$ 0.19	€ (0.03)	[3]	€ (1.18)	[3]
Diluted net earning (loss) per share | (per share)		0.17	0.19	(0.03)	[3]	(1.18)	[3]
Basic profit (loss) per share from continuing operations | (per share)		0.31	0.34	(0.08)	[3]	(1.24)	[3]
Diluted profit (loss) per share from continuing operations | (per share)		0.31	0.34	(0.08)	[3]	(1.24)	[3]
Basic profit (loss) per share from discontinued operation | (per share)		(0.14)	(0.15)	0.05	[3]	0.06	[3]
Diluted profit (loss) per share from discontinued operation | (per share)		€ (0.14)	$ (0.15)	€ 0.05	[3]	€ 0.06	[3]
[1]Net of treasury shares.[2]In 2023, 2022 and 2021 share options and warrants did not have a dilutive effect.[3]Reclassified due to discontinued operation - see Note 23.

Financial Instruments (Details)

Financial Instruments (Details) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2020 EUR (€)
Financial Instruments [Abstract]
Cash and cash equivalents	€ 46,458	€ 41,229	€ 51,127	$ 56,548	$ 51,384	€ 66,845
Derivative financial assets	900		810	896
Non-current restricted cash	20,192		17,386	$ 19,230
Trade receivables	420		205
Revenue receivables	1,062		1,013
Government authorities receivables	3,752		€ 4,851
Increase (decrease) in working capital	€ 5,199
Percentage of income			80%	80%
Deposit value		€ 10,000
Pecentage of reducing fund		10%
Security fund amount		€ 3,500

Financial Instruments (Detail_2

Financial Instruments (Details) - Schedule of Transactions in Derivative Financial Instruments € in Thousands, $ in Thousands	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Financial Instruments (Details) - Schedule of Transactions in Derivative Financial Instruments [Line Items]
Derivatives presented under current assets	€ 275		€ 273
Derivatives presented under non-current assets	10,948	$ 12,109	1,488
Derivatives presented under current liabilities	(4,643)	(5,135)	(33,183)
Derivatives presented under non-current liabilities			(28,354)
Swap contracts [Member]
Financial Instruments (Details) - Schedule of Transactions in Derivative Financial Instruments [Line Items]
Derivatives presented under current assets	275		273
Derivatives presented under non-current assets	607		1,488
Financial power swap [Member]
Financial Instruments (Details) - Schedule of Transactions in Derivative Financial Instruments [Line Items]
Derivatives presented under non-current assets	10,341
Derivatives presented under current liabilities	(4,643)		(33,183)
Derivatives presented under non-current liabilities			€ (28,354)

Financial Instruments (Detail_3

Financial Instruments (Details) - Schedule of Forward and Swap Contracts € in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€)
Interest Swap Transaction Three [Member] | Semi-annually [Member]
Financial Instruments (Details) - Schedule of Forward and Swap Contracts [Line Items]
Description of currency linkage / interest rate receivable	Euribor 6 months
Description of currency linkage / interest rate Payable	Fixed 1%
Date of expiration	December 20, 2037
Fair value	€ 882
Financial power swap [Member]
Financial Instruments (Details) - Schedule of Forward and Swap Contracts [Line Items]
Description of currency linkage / interest rate receivable	Electricity price in Spain
Description of currency linkage / interest rate Payable	Fixed price
Date of expiration	September 30, 2030
Fair value	€ 5,698

Financial Instruments (Detail_4

Financial Instruments (Details) - Schedule of Forward and Swap Contracts (Parentheticals) - Interest Swap Transaction Three [Member] - Semi-annually [Member] € in Millions	12 Months Ended
	Dec. 31, 2023 EUR (€)
Financial Instruments (Details) - Schedule of Forward and Swap Contracts (Parentheticals) [Line Items]
Interest swap transaction period	€ 17.6
Euro interest swap transaction for a period	18 years

Financial Instruments (Detail_5

Financial Instruments (Details) - Schedule of Contractual Maturities of Financial Liabilities - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Carrying amount [member]
Financial Instruments (Details) - Schedule of Contractual Maturities of Financial Liabilities [Line Items]
Long-term loans, including current maturities	€ 281,938	€ 273,863
Debentures	140,087	110,428
Lease liabilities	24,380	22,750
Trade payables, other accounts payable and Other long-term liabilities	14,496	15,144
Total non-derivative financial liabilities	460,901	422,185
Financial power swap		61,537
Contractual cash flows [Member]
Financial Instruments (Details) - Schedule of Contractual Maturities of Financial Liabilities [Line Items]
Long-term loans, including current maturities	375,334	363,553
Debentures	158,051	141,140
Lease liabilities	47,011	35,911
Trade payables, other accounts payable and Other long-term liabilities	14,496	15,144
Total non-derivative financial liabilities	594,892	555,748
Financial power swap		61,537
Less than 1 year [Member]
Financial Instruments (Details) - Schedule of Contractual Maturities of Financial Liabilities [Line Items]
Long-term loans, including current maturities	21,883	30,392
Debentures	41,100	22,878
Lease liabilities	1,916	1,630
Trade payables, other accounts payable and Other long-term liabilities	13,703	13,518
Total non-derivative financial liabilities	78,602	68,418
Financial power swap		33,183
2-3 years [Member]
Financial Instruments (Details) - Schedule of Contractual Maturities of Financial Liabilities [Line Items]
Long-term loans, including current maturities	41,743	42,547
Debentures	72,088	62,710
Lease liabilities	3,895	3,233
Trade payables, other accounts payable and Other long-term liabilities	793	813
Total non-derivative financial liabilities	118,519	109,303
Financial power swap		26,424
4-5 years [Member]
Financial Instruments (Details) - Schedule of Contractual Maturities of Financial Liabilities [Line Items]
Long-term loans, including current maturities	59,691	43,381
Debentures	30,738	55,552
Lease liabilities	3,903	3,194
Trade payables, other accounts payable and Other long-term liabilities		813
Total non-derivative financial liabilities	94,332	102,940
Financial power swap		(2,666)
More than 5 years [Member]
Financial Instruments (Details) - Schedule of Contractual Maturities of Financial Liabilities [Line Items]
Long-term loans, including current maturities	252,017	247,233
Debentures	14,125
Lease liabilities	37,297	27,854
Trade payables, other accounts payable and Other long-term liabilities
Total non-derivative financial liabilities	€ 303,439	275,087
Financial power swap		€ 4,596

Financial Instruments (Detail_6

Financial Instruments (Details) - Schedule of Company's Exposure to Linkage and Foreign Currency Risk € in Thousands, $ in Thousands		Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2020 EUR (€)
Current assets:
Cash and cash equivalents		€ 51,127	$ 56,548	€ 46,458	$ 51,384	€ 41,229	€ 66,845
Marketable securities				2,836
Short term deposits		997	1,103
Restricted cash		810		900
Receivable from concession project				1,799
Intangible asset from green certificates		553
Trade and other receivables		11,992		12,682
Assets of disposal groups classified as held for sale		28,297
Non-current assets:
Investments in equity accounted investees		31,772	35,141	30,029
Advances on account of investments		898	993	2,328
Receivable from concession project				24,795
Fixed assets		407,982		365,756
Right-of-use asset		30,967	34,251	30,020
Intangible asset				4,094
Restricted cash and deposits		17,386		20,192
Deferred tax		8,677	9,597	23,510
Long term receivables		10,446	11,554	9,270
Derivatives		10,948	12,109	1,488
Current liabilities:
Current maturities of long-term bank loans		(9,784)		(12,815)
Current maturities of long-term loans		(5,000)		(10,000)
Current maturities of debentures		(35,200)	(38,933)	(18,714)
Trade payables		(5,249)	(5,808)	(4,504)
Other payables		(10,859)	(12,010)	(11,207)
Current maturities of derivatives		(4,643)	(5,135)	(33,183)
Current maturities of lease liabilities		(700)	(774)	(745)
Liabilities of disposal groups classified as held for sale		(17,142)
Non-current liabilities:
Long-term lease liabilities		(23,680)	(26,191)	(22,005)
Long-term loans		(237,781)		(229,466)
Other long-term bank loans		(29,373)	(32,488)	(21,582)
Debentures		(104,887)	(116,009)	(91,714)
Deferred tax		(2,516)	(2,783)	(6,770)
Derivatives				(28,354)
Other long-term liabilities		(939)	(1,039)	(2,021)
Total exposure in statement of financial position in respect of financial assets and financial liabilities		125,099	138,364	83,077	91,885	€ 114,107	€ 125,026
Non-monetary/ Non finance [Member]
Current assets:
Cash and cash equivalents
Marketable securities
Short term deposits
Restricted cash
Receivable from concession project
Intangible asset from green certificates		553
Trade and other receivables		2,584		2,174
Assets of disposal groups classified as held for sale		28,297
Non-current assets:
Investments in equity accounted investees		31,772		23,976
Advances on account of investments		898		2,328
Receivable from concession project
Fixed assets		407,982		365,756
Right-of-use asset		30,967		30,020
Intangible asset				4,094
Restricted cash and deposits
Deferred tax		8,677		23,510
Long term receivables		9,350		7,840
Derivatives
Current liabilities:
Current maturities of long-term bank loans
Current maturities of long-term loans
Current maturities of debentures
Trade payables
Other payables		(553)
Current maturities of derivatives
Current maturities of lease liabilities
Liabilities of disposal groups classified as held for sale		(17,142)
Non-current liabilities:
Long-term lease liabilities
Long-term loans
Other long-term bank loans
Debentures
Deferred tax		(2,516)		(6,770)
Derivatives
Other long-term liabilities
Total exposure in statement of financial position in respect of financial assets and financial liabilities		500,869		452,928
NIS [Member]
Current assets:
Cash and cash equivalents	[1]	34,990		30,359
Marketable securities	[1]
Short term deposits	[1]	997
Restricted cash	[1]
Receivable from concession project	[1]			1,799
Intangible asset from green certificates	[1]
Trade and other receivables	[1]	2,660		4,694
Assets of disposal groups classified as held for sale	[1]
Non-current assets:
Investments in equity accounted investees	[1]			6,053
Advances on account of investments	[1]
Receivable from concession project	[1]			24,795
Fixed assets	[1]
Right-of-use asset	[1]
Intangible asset	[1]
Restricted cash and deposits	[1]	3,558		5,607
Deferred tax	[1]
Long term receivables	[1]	1,096		1,171
Derivatives	[1]
Current liabilities:
Current maturities of long-term bank loans	[1]			(2,091)
Current maturities of long-term loans	[1]
Current maturities of debentures	[1]	(35,200)		(18,714)
Trade payables	[1]	(832)		(123)
Other payables	[1]	(9,445)		(6,107)
Current maturities of derivatives	[1]
Current maturities of lease liabilities	[1]	(105)		(193)
Liabilities of disposal groups classified as held for sale	[1]
Non-current liabilities:
Long-term lease liabilities	[1]	(3,176)		(4,740)
Long-term loans	[1]	(69,685)		(13,495)
Other long-term bank loans	[1]	(8,452)		(7,538)
Debentures	[1]	(104,887)		(91,714)
Deferred tax	[1]
Derivatives	[1]
Other long-term liabilities	[1]	(939)		(2,021)
Total exposure in statement of financial position in respect of financial assets and financial liabilities	[1]	(189,420)		(72,258)
USD [Member]
Current assets:
Cash and cash equivalents | $			4,199		55
Marketable securities | $					2,836
Short term deposits | $
Restricted cash | $
Receivable from concession project | $
Intangible asset from green certificates | $
Trade and other receivables | $					16
Assets of disposal groups classified as held for sale | $
Non-current assets:
Investments in equity accounted investees | $
Advances on account of investments | $
Receivable from concession project | $
Fixed assets | $
Right-of-use asset | $
Intangible asset | $
Restricted cash and deposits | $
Deferred tax | $
Long term receivables | $
Derivatives | $
Current liabilities:
Current maturities of long-term bank loans | $
Current maturities of long-term loans | $
Current maturities of debentures | $
Trade payables | $			(154)
Other payables | $
Current maturities of derivatives | $
Current maturities of lease liabilities | $			(10)
Liabilities of disposal groups classified as held for sale | $
Non-current liabilities:
Long-term lease liabilities | $			(2,150)
Long-term loans | $
Other long-term bank loans | $
Debentures | $
Deferred tax | $
Derivatives | $
Other long-term liabilities | $
Total exposure in statement of financial position in respect of financial assets and financial liabilities | $			$ 1,885		$ 2,907
EURO [Member]
Current assets:
Cash and cash equivalents		11,938		16,044
Marketable securities
Short term deposits
Restricted cash		810		900
Receivable from concession project
Intangible asset from green certificates
Trade and other receivables		6,748		5,798
Assets of disposal groups classified as held for sale
Non-current assets:
Investments in equity accounted investees
Advances on account of investments
Receivable from concession project
Fixed assets
Right-of-use asset
Intangible asset
Restricted cash and deposits		13,828		14,585
Deferred tax
Long term receivables				259
Derivatives		10,948		1,488
Current liabilities:
Current maturities of long-term bank loans		(9,784)		(10,724)
Current maturities of long-term loans		(5,000)		(10,000)
Current maturities of debentures
Trade payables		(4,263)		(4,381)
Other payables		(861)		(5,100)
Current maturities of derivatives		(4,643)		(33,183)
Current maturities of lease liabilities		(585)		(552)
Liabilities of disposal groups classified as held for sale
Non-current liabilities:
Long-term lease liabilities		(18,354)		(17,265)
Long-term loans		(168,096)		(215,971)
Other long-term bank loans		(20,921)		(14,044)
Debentures
Deferred tax
Derivatives				(28,354)
Other long-term liabilities
Total exposure in statement of financial position in respect of financial assets and financial liabilities		€ (188,235)		€ (300,500)
[1]Including items linked to the Israeli CPI

Financial Instruments (Detail_7

Financial Instruments (Details) - Schedule of Significant Exchange Rates - Currency Risk Euro [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
USD [Member]
Schedule of Significant Exchange Rates [Line Items]
Rate of Change	3.70%	(5.80%)
Exchange rates	1.106	1.066
NIS [Member]
Schedule of Significant Exchange Rates [Line Items]
Rate of Change	6.90%	6.60%
Exchange rates	4.012	3.753

Financial Instruments (Detail_8

Financial Instruments (Details) - Schedule of Sensitivity Analysis of Equity - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Increase Equity [Member] | USD [Member]
Schedule of Sensitivity Analysis of Equity [Line Items]
Change in the exchange rate	€ (90)	€ 155
Increase Equity [Member] | NIS [Member]
Schedule of Sensitivity Analysis of Equity [Line Items]
Change in the exchange rate	(9,471)	(963)
Decrease Equity [Member] | USD [Member]
Schedule of Sensitivity Analysis of Equity [Line Items]
Change in the exchange rate	99	(155)
Decrease Equity [Member] | NIS [Member]
Schedule of Sensitivity Analysis of Equity [Line Items]
Change in the exchange rate	€ 9,471	€ 963

Financial Instruments (Detail_9

Financial Instruments (Details) - Schedule of Change in Interest Rate Profit (Loss) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Increase of 1% [Member]
Schedule of Change in Interest Rate Profit (Loss) [Line Items]
Increased (decreased) profit or loss	€ 736	€ 161
Increase of 3% [Member]
Schedule of Change in Interest Rate Profit (Loss) [Line Items]
Increased (decreased) profit or loss	2,204	520
Decrease of 1% [Member]
Schedule of Change in Interest Rate Profit (Loss) [Line Items]
Increased (decreased) profit or loss	(734)	(196)
Decrease of 3% [Member]
Schedule of Change in Interest Rate Profit (Loss) [Line Items]
Increased (decreased) profit or loss	€ (2,201)	€ (556)

Financial Instruments (Detai_10

Financial Instruments (Details) - Schedule of Fair Values of the Other Financial Liabilities - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Non-current liabilities:
Carrying amount, Total	€ 422,025	€ 384,291	€ 356,194
Carrying amount [Member]
Non-current liabilities:
Carrying amount, Debentures	140,087	110,428
Carrying amount, Loans from banks and others (including current maturities)	281,938	273,863
Carrying amount, Total	€ 422,025	€ 384,291
Valuation techniques for determining fair value [Member]
Non-current liabilities:
Valuation techniques for determining fair value, Loans from banks and others (including current maturities)	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 [Member]
Non-current liabilities:
Inputs used to determine fair value, Loans from banks and others (including current maturities)	See Note 21F(2)	See Note 21F(2)
Level 1 [Member]
Non-current liabilities:
Carrying amount, Debentures	€ 134,464	€ 102,957
Carrying amount, Loans from banks and others (including current maturities)
Carrying amount, Total	134,464	102,957
Level 2 [Member]
Non-current liabilities:
Carrying amount, Debentures
Carrying amount, Loans from banks and others (including current maturities)	231,057	217,073
Carrying amount, Total	231,057	217,073
Level 3 [Member]
Non-current liabilities:
Carrying amount, Debentures
Carrying amount, Loans from banks and others (including current maturities)
Carrying amount, Total

Financial Instruments (Detai_11

Financial Instruments (Details) - Schedule of Interest Rates Used to Discount Estimated Cash Flows	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans from banks [Member]
Non-current liabilities:
Interest rates used to discount estimated cash flows	Discount rate of Euribor+ 2% with a zero floor	Discount rate of Euribor+ 2% with a zero floor
Loans from banks Two [Member]
Non-current liabilities:
Interest rates used to discount estimated cash flows	fixed rate for several years 3.1%-6% Linkage to Euribor	fixed rate for 5 years 2.65%-4.5% Linkage to Euribor
Loans from banks Three [Member]
Non-current liabilities:
Interest rates used to discount estimated cash flows	2.58%-4.78% Linkage to Consumer price index in Israel	2.58% Linkage to Israeli CPI
Loans from banks Four [Member]
Non-current liabilities:
Interest rates used to discount estimated cash flows	Floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%.	Floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%.
Loans from banks five [Member]
Non-current liabilities:
Interest rates used to discount estimated cash flows	fixed rate of 2.58%-3.03%	fixed rate 2.58%-3.03%
Loan From Others One [Member]
Non-current liabilities:
Interest rates used to discount estimated cash flows	Euribor+ 5.27%	Euribor+ 5.27%
Loan From Others Two [Member]
Non-current liabilities:
Interest rates used to discount estimated cash flows	7% Linkage to Consumer price index in Israel and fixed rate of 5.5%	7% Linkage to Israeli CPI and fixed rate of 5.5%

Financial Instruments (Detai_12

Financial Instruments (Details) - Schedule of Fair Values Hierarchy - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Swap Contracts [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value	€ 882	€ 1,761
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.
Swap Contracts [Member] | Level 1 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value
Swap Contracts [Member] | Level 2 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value	882	1,761
Swap Contracts [Member] | Level 3 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value
Financial power swap [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value	€ 5,698	€ (61,537)
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.
Financial power swap [Member] | Level 1 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value
Financial power swap [Member] | Level 2 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value
Financial power swap [Member] | Level 3 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value	€ 5,698	(61,537)
Marketable Securities [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value		€ 2,836
Valuation techniques for determining fair value		Market price.
Marketable Securities [Member] | Level 1 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value		€ 2,836
Marketable Securities [Member] | Level 2 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value
Marketable Securities [Member] | Level 3 [Member]
Financial Instruments (Details) - Schedule of Fair Values Hierarchy [Line Items]
Fair values hierarchy value

Financial Instruments (Detai_13

Financial Instruments (Details) - Schedule of Reconciliation Financial Instruments Carried at Fair Value - Dori Energy Loan [Member] - Level 3 of fair value hierarchy [member] - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financial Instruments (Details) - Schedule of Reconciliation Financial Instruments Carried at Fair Value [Line Items]
Financial liability, Balance beginning	€ (61,537)	€ (20,894)
Total income recognized in profit or loss	13,777	49,679	[1]
Total income recognized in other comprehensive income	53,548	(90,322)	[1]
Financial liability, Balance ending	€ 5,698	€ (61,537)
[1]Reclassified

Operating Segments (Details)

Operating Segments (Details) € in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)
Operating Segments (Details) [Line Items]
Production capacity | €	€ 48,834		€ 52,241	€ 44,705
Year One [Member]
Operating Segments (Details) [Line Items]
Production capacity		$ 3
Year Two [Member]
Operating Segments (Details) [Line Items]
Production capacity		3.8
Year Three [Member]
Operating Segments (Details) [Line Items]
Production capacity		$ 9.5
Talasol [Member]
Operating Segments (Details) [Line Items]
Revenue percentage	51%	51%
Dorad Energy Ltd [Member]
Operating Segments (Details) [Line Items]
Pecentage of indirect interest	9.375%	9.375%
Pumped Storage Hydro Power Plant Member
Operating Segments (Details) [Line Items]
Pecentage of indirect interest	83.333%	83.333%

Operating Segments (Details) -

Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Italy [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues
Operating expenses
Depreciation expenses
Gross profit (loss)
Adjusted gross profit (loss)
Segment assets	40,054	€ 22,608	1,715
Spain [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	2,791	3,264	2,587
Operating expenses	(517)	(322)	(472)
Depreciation expenses	(912)	(908)	(904)
Gross profit (loss)	1,362	2,034	1,211
Adjusted gross profit (loss)	1,362	2,034	1,211
Segment assets	12,807	14,577	13,841
Ellomay Solar Spain [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	4,051	3,597
Operating expenses	(1,825)	(1,399)
Depreciation expenses	(946)	(427)
Gross profit (loss)	1,280	1,771
Adjusted gross profit (loss)	1,280	1,771
Segment assets	18,666	20,090	14,456
Talasol Spain [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	24,971	32,740	29,432
Operating expenses	(5,786)	(8,764)	(6,305)
Depreciation expenses	(11,459)	(11,400)	(10,586)
Gross profit (loss)	7,726	12,576	12,541
Adjusted gross profit (loss)	7,726	12,576	12,541
Segment assets	231,142	244,584	247,004
USA [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues
Operating expenses
Depreciation expenses
Gross profit (loss)
Adjusted gross profit (loss)
Segment assets	6,267
Discontinued operation Israel [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	675	1,119	1,016
Operating expenses	(342)	(418)	(367)
Depreciation expenses	(461)	(512)	(475)
Gross profit (loss)	(128)	189	174
Adjusted gross profit (loss)	1,223	1,565	1,514
Segment assets	28,297	34,750	38,809
Bio Gas Netherland [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	17,021	12,640	12,686
Operating expenses	(14,733)	(13,186)	(10,446)
Depreciation expenses	(2,670)	(2,824)	(3,135)
Gross profit (loss)	(382)	(3,370)	(895)
Adjusted gross profit (loss)	(382)	(3,370)	(895)
Segment assets	31,164	32,002	34,570
Dorad Israel [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	63,973	62,813	51,630
Operating expenses	(47,322)	(47,442)	(39,175)
Depreciation expenses	(5,689)	(6,339)	(5,539)
Gross profit (loss)	10,962	9,032	6,916
Adjusted gross profit (loss)	10,962	9,032	6,916
Segment assets	97,339	107,079	118,435
Manara Israel [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues
Operating expenses
Depreciation expenses
Gross profit (loss)
Adjusted gross profit (loss)
Segment assets	169,783	137,432	107,678
Reportable Segments [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	113,482	116,173	97,351
Operating expenses	(70,525)	(71,531)	(56,765)
Depreciation expenses	(22,137)	(22,410)	(20,639)
Gross profit (loss)	20,820	22,232	19,947
Adjusted gross profit (loss)	22,171	23,608	21,287
Segment assets	635,519	613,122	576,508
Reconciliations [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	(64,648)	(63,932)	(52,646)
Operating expenses	47,664	47,860	39,542
Depreciation expenses	6,126	6,830	5,998
Gross profit (loss)	(10,858)	(9,242)	(7,106)
Adjusted gross profit (loss)	(10,986)	(10,618)	(8,446)
Segment assets	(22,667)	(36,965)	(24,529)
Consolidated [Member]
Operating Segments (Details) - Schedule of Segment Adjusted Gross Profit [Line Items]
Revenues	48,834	52,241	44,705
Operating expenses	(22,861)	(23,671)	(17,223)
Depreciation expenses	(16,012)	(15,580)	(14,641)
Gross profit (loss)	9,961	12,990	12,841
Adjusted gross profit (loss)	9,961	12,990	12,841
Project development costs	(4,465)	(3,784)	(2,508)
General and administrative expenses	(5,283)	(5,855)	(5,624)
Share of loss of equity accounted investee	4,320	1,206	117
Operating profit	4,533	4,557	4,826
Financing income	8,747	6,443	673
Financing expenses in connection with derivatives and warrants, net	251	605	(841)
Financing expenses, net	(12,555)	(10,524)	(27,593)
Profit (loss) before taxes on income	976	1,081	(22,935)
Segment assets	€ 612,852	€ 576,157	€ 551,979

Operating Segments (Details) _2

Operating Segments (Details) - Schedule of Revenues from the Company’s Operations - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Segments (Details) - Schedule of Revenues from the Company’s Operations [Line Items]
Total revenues	€ 48,834	€ 52,241	€ 44,705
Spanish PV segment [Member]
Operating Segments (Details) - Schedule of Revenues from the Company’s Operations [Line Items]
Total revenues	2,791	3,264	2,587
Ellomay Solar PV segment (Spain) [Member]
Operating Segments (Details) - Schedule of Revenues from the Company’s Operations [Line Items]
Total revenues	4,051	3,597
Talasol PV segment (Spain) [Member]
Operating Segments (Details) - Schedule of Revenues from the Company’s Operations [Line Items]
Total revenues	24,971	32,740	29,432
Netherlands biogas segment [Member]
Operating Segments (Details) - Schedule of Revenues from the Company’s Operations [Line Items]
Total revenues	€ 17,021	€ 12,640	€ 12,686

Operating Segments (Details) _3

Operating Segments (Details) - Schedule of Fixed Assets, Net - EUR (€) € in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Operating Segments (Details) - Schedule of Fixed Assets, Net [Line Items]
Total fixed assets, net	[1]	€ 499,451	€ 486,484
Spain [Member]
Operating Segments (Details) - Schedule of Fixed Assets, Net [Line Items]
Total fixed assets, net	[1]	238,580	251,574
Israel [Member]
Operating Segments (Details) - Schedule of Fixed Assets, Net [Line Items]
Total fixed assets, net	[1]	195,248	187,798
USA [Member]
Operating Segments (Details) - Schedule of Fixed Assets, Net [Line Items]
Total fixed assets, net	[1]	6,041
Italy [Member]
Operating Segments (Details) - Schedule of Fixed Assets, Net [Line Items]
Total fixed assets, net	[1]	33,711	20,363
Netherlands [Member]
Operating Segments (Details) - Schedule of Fixed Assets, Net [Line Items]
Total fixed assets, net	[1]	€ 25,871	€ 26,749
[1]Other than financial instruments, deferred tax assets and employee benefit assets.

Discontinued operation and Di_3

Discontinued operation and Disposal Groups Held for Sale (Details) € in Thousands, ₪ in Thousands, $ in Thousands, kWh in Millions	12 Months Ended
	Dec. 31, 2024 kWh	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 ILS (₪)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 ILS (₪)	Dec. 31, 2022 EUR (€)
Non-Current Assets and Disposal Groups Held for Sale [Line Items]
Plant		€ 407,982		$ 451,244	₪ 44,750	€ 365,756
Customary exception		2,200	₪ 9,000
Liabilities		17,142		$ 18,960
Talmei Yosef Sale Agreement [Member]
Non-Current Assets and Disposal Groups Held for Sale [Line Items]
Plant		11,200
Additional potential payment		1,000			₪ 4,000
Assets		28,297
Liabilities		17,142
Impairment loss		€ 2,565
Disposal of major subsidiary [member] | Talmei Yosef Sale Agreement [Member]
Non-Current Assets and Disposal Groups Held for Sale [Line Items]
Energy produced (in Kilowatt-hours) | kWh	18

Discontinued operation and Di_4

Discontinued operation and Disposal Groups Held for Sale (Details) - Schedule of Assets of Disposal Groups Classified as Held for Sale - Disposal Groups Classified as Held for Sale [Member] € in Thousands	Dec. 31, 2023 EUR (€)
Discontinued operation and Disposal Groups Held for Sale (Details) - Schedule of Assets of Disposal Groups Classified as Held for Sale [Line Items]
Cash and cash equivalents	€ 428
Short-term deposits	12
Receivable from concession project	23,426
Trade and other receivables	587
Right-of-use asset	1,204
Intangible asset	917
Restricted cash and deposits	1,694
Long term receivables	29
Total	€ 28,297

Discontinued operation and Di_5

Discontinued operation and Disposal Groups Held for Sale (Details) - Schedule of Disposal Groups Classified as Held for Sale - Disposal Groups Classified as Held for Sale [Member] € in Thousands	Dec. 31, 2023 EUR (€)
Schedule of Disposal Groups Classified as Held for Sale [Line Items]
Trade payables	€ 39
Other payables	18
Lease liability	1,321
Long-term bank loans including current maturities	13,047
Deferred tax liabilities	2,717
Total	€ 17,142

Discontinued operation and Di_6

Discontinued operation and Disposal Groups Held for Sale (Details) - Schedule of Results Attributable to Discontinued Operation - Discontinued Operations [Member] - EUR (€) € / shares in Units, € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Results of discontinued operation
Revenue	€ 675	€ 1,119	€ 1,016
Operating expenses	342	418	367
Depreciation and amortization expenses	461	512	475
Gross profit (loss) from operating activities	(128)	189	174
General and administrative expenses	33	37	37
Operating profit (loss) from operating activities	(161)	152	137
Financing income	1,792	3,121	2,258
Financing expenses	1,269	2,111	1,381
Financing income, net	523	1,010	877
Results from operating activities before taxes on income	362	1,162	1,014
Taxes on income	(247)	(451)	(255)
Results from operating activities, net of taxes on income	115	711	759
Loss on adjustment to fair value	(2,565)
Tax benefit on loss from sale of discontinued operation	663
Profit (loss) for the year	€ (1,787)	€ 711	€ 759
Earnings per share
Basic earnings (loss) per share (in Euro per share)	€ (0.14)	€ 0.06	€ 0.06
Diluted earnings (loss) per share (in Euro per share)	€ (0.14)	€ 0.06	€ 0.06
Cash flows from discontinued operation
Net cash (used in) from operating activities	€ 2,587	€ 2,445	€ 2,471
Net cash (used in) from investing activities	(462)	(1,327)	(604)
Net cash (used in) from financing activities	(2,127)	(2,126)	(2,099)
Net cash from (used in) discontinued operation	€ (2)	€ (1,008)	€ (232)

Subsequent Events (Details)

Subsequent Events (Details) ₪ / shares in Units, € in Thousands							12 Months Ended
	Dec. 31, 2030	Dec. 31, 2029	Dec. 31, 2028	Apr. 17, 2024 ILS (₪) ₪ / shares	Feb. 01, 2023 EUR (€)	Feb. 01, 2023 ILS (₪)	Dec. 31, 2021 EUR (€)	Jan. 16, 2024 EUR (€)	Jan. 16, 2024 ILS (₪)
Subsequent Events (Details) [Line Items]
Aggregate amount								€ 41,000	₪ 170,000,000
Issue of equity | €							€ 8,682
Pricipal payment	15%	25%	30%
Par value per share (in New Shekels per share) | ₪ / shares				₪ 40,000,000
Series E Secured Debentures [Member]
Subsequent Events (Details) [Line Items]
Issue of equity					€ 2,000	₪ 1,020,000,000,000
Share issue related cost (in Euro) | €					€ 40,000
Debentures Fixed Interest Rate					5.50%	5.50%
Forecast [Member]
Subsequent Events (Details) [Line Items]
Aggregate gross consideration				₪ 37,800,000
Aggregate gross consideration price per share (in New Shekels per share) | ₪ / shares				₪ 0.946
Principal amount				₪ 1
Forecast [Member] | Series F Debentures [Member]
Subsequent Events (Details) [Line Items]
Debentures amount				₪ 210,000,000