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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]  
Schedule of Composition of Derivatives
   
For the year ended December
  
   
2022
    
2021
  
   
€ in thousands
  
Derivatives presented under current assets
            
Currency swap
    
-
      
639
  
Swap contracts
    
273
      
-
  
     
273
      
639
  
                 
Derivatives presented under non-current assets
                
Swap contracts
    
1,488
      
-
  
Currency swap
    
-
      
2,635
  
     
1,488
      
2,635
  
                 
Derivatives presented under current liabilities
                
Swap contracts
    
-
      
(3,431
)
Financial power swap
    
(33,183
)
    
(11,352
)
     
(33,183
)
    
(14,783
)
                 
Derivatives presented under non-current liabilities
                
Financial power swap
    
(28,354
)
    
(9,542
)
Swap contracts
    
-
      
(565
)
     
(28,354
)
    
(10,107
)
Schedule of Forward and SWAP Contracts
   
December 31, 2022
  
   
Currency/
  
Currency/
      

Fair value - €

  
   
linkage/interest rate
  
linkage/interest rate
  
 
  
in
  
   
receivable
  
Payable
  
Date of 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
    
1,761
  
Financial power swap- electricity price swap fixed for float
  
Electricity price in Spain
  
Fixed price
  
September 30, 2030
    
(61,537
)
Schedule of Contractual Maturities of Financial Liabilities
   
December 31, 2022
  
   
Carrying
    
Contractual
    
Less than
                
More than
  
   
amount
    
cash flows
    
1 year
    
2 years
    
3-5 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 and other accounts payable
    
15,144
      
15,144
      
15,144
      
-
      
-
      
-
  
     
422,185
      
555,748
      
70,044
      
108,490
      
102,127
      
275,087
  
                                                 
Derivative finance liabilities
                                                
                                                 
Financial power swap
    
61,537
      
61,537
      
33,183
      
26,424
      
(2,666
)
    
4,596
  
                                                 
     
61,537
      
61,537
      
33,183
      
26,424
      
(2,666
)
    
4,596
  
 
   
December 31, 2021
  
   
Carrying
    
Contractual
    
Less than
                
More than
  
   
amount
    
cash flows
    
1 year
    
2 years
    
3-5 years
    
5 years
  
   
€ in thousands
  
Non-derivative financial liabilities
                                    
                                     
Long term loans, including current maturities
    
218,895
      
240,038
      
147,127
      
20,671
      
18,347
      
53,892
  
                                                 
Debentures
    
137,299
      
150,116
      
24,244
      
66,481
      
59,391
      
-
  
                                                 
Lease liabilities
    
20,129
      
25,825
      
4,832
      
2,244
      
2,201
      
16,548
  
                                                 
Trade payables and other accounts payable
    
22,058
      
22,058
      
22,058
      
-
      
-
      
-
  
     
398,381
      
438,037
      
198,261
      
89,396
      
79,939
      
70,440
  
                                                 
Derivative finance liabilities
                                                
                                                 
Financial power swap
    
20,894
      
20,894
      
11,352
      
14,079
      
1,961
      
(6,498
)
                                                 
Swap contracts
    
3,996
      
3,996
      
3,431
      
234
      
157
      
174
  
                                                 
     
24,890
      
24,890
      
14,783
      
14,313
      
2,118
      
(6,324
)
Schedule of Company's Exposure to Linkage and Foreign Currency Risk
 
   
December 31, 2022
  
   
Non-monetary/ Non finance
    
 
NIS(*)
    
 
Unlinked
    
 
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
 
   
December 31, 2021
  
   
Non-monetary/ Non finance
    
 
NIS(**)
    
 
Unlinked
    
 
EURO
    
 
Total
  
   
€ in thousands
  
                               
Current assets:
                              
Cash and cash equivalents
    
-
      
30,405
      
1,090
      
9,734
      
41,229
  
Marketable securities
    
-
      
-
      
1,946
      
-
      
1,946
  
Short term deposits
    
-
      
28,410
      
-
      
-
      
28,410
  
Restricted cash
    
-
      
-
      
-
      
1,000
      
1,000
  
Receivable from concession project
    
-
      
1,784
      
-
      
-
      
1,784
  
Trade and other receivables
    
1,020
      
739
      
-
      
7,728
      
9,487
  
Non-current assets:
                                        
Investments in equity accounted investees
    
25,534
      
8,495
      
-
      
-
      
34,029
  
Advances on account of investments
    
1,554
      
-
      
-
      
-
      
1,554
  
Receivable from concession project
    
-
      
26,909
      
-
      
-
      
26,909
  
Fixed assets
    
*340,897
      
-
      
-
      
-
      
340,897
  
Right-of-use asset
    
23,367
      
-
      
-
      
-
      
23,367
  
Intangible asset
    
4,762
      
-
      
-
      
-
      
4,762
  
Restricted cash and deposits
    
-
      
6,630
      
-
      
9,000
      
15,630
  
Deferred tax
    
12,952
      
-
      
-
      
-
      
12,952
  
Long term receivables
    
1,928
      
1,272
      
-
      
2,188
      
5,388
  
Derivatives
    
-
      
-
      
-
      
2,635
      
2,635
  
Current liabilities:
                                        
Current maturities of long term bank loans
    
-
      
(2,024
)
    
-
      
(124,156
)
    
(126,180
)
Current maturities of long term loans
    
-
      
-
      
-
      
(16,401
)
    
(16,401
)
Current maturities of debentures
    
-
      
(19,806
)
    
-
      
-
      
(19,806
)
Trade payables
    
-
      
(218
)
    
-
      
(2,686
)
    
(2,904
)
Other payables
    
-
      
(6,882
)
    
(527
)
    
(13,397
)
    
(20,806
)
Current maturities of derivatives
    
-
      
-
      
-
      
(14,783
)
    
(14,783
)
Current maturities of lease liabilities
     -      
(3,782
)
    
-
      
(547
)
    
(4,329
)
Non-current liabilities:
                                        
Long-term lease liabilities
    
-
      
(5,154
)
    
-
      
(10,646
)
    
(15,800
)
Long-term loans
    
-
      
(15,803
)
    
-
      
(23,290
)
    
(39,093
)
Other long-term bank loans
    
-
      
(6,898
)
    
-
      
(30,323
)
    
(37,221
)
Debentures
    
-
      
(117,493
)
    
-
      
-
      
(117,493
)
Deferred tax
    
*(9,044
)
    
-
      
-
      
-
      
(9,044
)
Derivatives
    
-
      
-
      
-
      
(10,107
)
    
(10,107
)
Other long-term liabilities
    
-
      
(3,905
)
    
-
      
-
      
(3,905
)
Total exposure in statement
                                        
of financial position in
                                        
respect of financial assets
                                        
and financial liabilities
    
402,970
      
(77,321
)
    
2,509
      
(214,051
)
    
114,107
  
 
** Including items linked to Israeli CPI
* Restated following application of an amendment to IAS 16 - see Note 2C.
Schedule of Significant Exchange Rates
   
For the year ended December 31
  
   
Rate of
          
Rate of
        
   
Change
          
Change
        
   
%
    
Dollar
    
%
    
NIS
  
1 Euro in 2022
    
(5.8
)
    
1.066
      
6.6
      
3.753
  
1 Euro in 2021
    
(7.7
)
    
1.132
      
(10.8
)
    
3.520
  
Schedule of Sensitivity Analysis
   
December 31, 2022
  
   
Increase
    
Decrease
  
   
Equity
    
Equity
  
   
€ thousands
  
Change in the exchange rate of:
            
5% in the USD
    
155
      
(155
)
5% in NIS
    
(963
)
    
963
  
 
   
December 31, 2021
  
   
Increase
    
Increase
  
   
Equity
    
Equity
  
   
€ thousands
  
Change in the exchange rate of:
            
5% in the USD
    
111
      
(111
)
5% in NIS
    
(1,098
)
    
1,098
  
Schedule of Change in Interest Rate
   
December 31,
  
   
2022
    
2021
  
   
Profit or loss
    
Profit or loss
  
   
€ in thousands
  
Increase of 1%
    
1,313
      
2,446
  
Increase of 3%
    
4,245
      
7,368
  
Decrease of 1%
    
(1,615
)
    
(2,474
)
Decrease of 3%
    
(4,548
)
    
(7,396
)
Schedule of Statement of Fair value of Other Financial Liabilities
   
December 31, 2022
         
Fair value
        
   
Carrying
                    
Valuation techniques for
  
Inputs used to
   
amount
    
Level 1
    
Level 2
    
Level 3
  
determining fair value
  
determine fair value
   
€ in thousands
        
Non-current liabilities:
                              
Debentures
    
110,428
      
102,957
      
-
      
-
        
Loans from banks and others (including current maturities)
    
273,863
      
-
      
217,073
      
-
  
Discounting future cash flows by the market interest rate on the date of measurement.
  
Discount rate of Euribor+ 2% with a zero floor, Euribor+ 5.27%, fix rate for 5 years 2.65%-4.5% Linkage to Euribor, fix rate 2.58%-3.03%, fix rate 2.75%-7% Linkage to Consumer price index in Israel and floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%.
                                       
     
384,291
      
102,957
      
217,073
      
-
        
 
   
December 31, 2021
         
Fair value
        
   
Carrying
                    
Valuation techniques for
  
Inputs used to
   
amount
    
Level 1
    
Level 2
    
Level 3
  
determining fair value
  
determine fair value
   
€ in thousands
        
Non-current liabilities:
                              
Debentures
    
137,299
      
140,293
      
-
      
-
        
Loans from banks and others (including current maturities)
    
218,895
      
-
      
223,287
      
-
  
Discounting future cash flows by the market interest rate on the date of measurement.
  
Discount rate of Euribor+ 2.53%, fix rate for 5 years 2.9%-3.1% and 4.65% Linkage to Consumer price index in Israel
                                       
     
356,194
      
140,293
      
223,287
      
-
        
Schedule of Interest Rates Used to Discount Estimated Cash Flows
 

December 31,
 

2022

  

2021
 

%
Non-current liabilities:
      
Loans from banks
Discount rate of Euribor+ 2% with a zero floor
  
Euribor+ 1.76%- 2.75% with a zero floor

Loans from banks

 fix rate for 5 years 2.65%-4.5% Linkage to Euribor  

fix rate for 5 years 2.65% - 3.55%
Loans from banks
4.65% Linkage to Consumer price index in Israel
  
4.65% Linkage to Consumer price index in Israel
Loans from banks
fix 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 Consumer price index in Israel and fixed rate of 5.5%
Schedule of Fair Values Hierarchy
   
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.
   
December 31, 2021
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Valuation techniques for
   
€ in thousands
  
determining fair value
Marketable securities
    
1,946
      
-
      
-
      
1,946
  
Market price
Swap contracts
    
-
      
(3,996
)
    
-
      
(3,996
)
Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks.
Currency swap
    
-
      
3,274
      
-
      
3,274
  
Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks.
Dori Energy loan
    
-
      
-
      
8,495
      
8,495
  
The fair value is measured by discounting the expected future loan repayments and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks. The discounting rate was estimated at approximately 10% and the expected yearly change of Israeli Consumer Price Index, during the expected lifetime of the loan, was estimated at approximately 1%.
Financial power swap
    
-
      
-
      
(20,894

)

    
(20,894

)
Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks.
Schedule of Reconciliation Financial Instruments Carried at Fair Value
 
 
 
   
Financial assets
  
   
Dori Energy loan
  
   
€ in thousands
  
       
Balance as at December 31, 2020
    
8,745
  
         
Total income recognized in profit or loss
    
799
  
Grant of loan
    
335
  
Repayment
    
(2,259
)
Foreign Currency translation adjustments
    
875
  
         
Balance as at December 31, 2021
    
8,495
  
         
Total income recognized in profit or loss
    
243
  
Grant of loan
    
128
  
Repayment
    
(149
)
Conversion to capital notes
    
(6,053
)
     
(2,665
)
         
Current maturities
    
(2,665
)
         
Balance as at December 31, 2022
     -  
 
 
   
Financial liability
  
   
Financial power swap
  
   
€ in thousands
  
       
Balance as at December 31, 2020
    
10,238
  
         
Total income recognized in other comprehensive income
    
(31,132
 ) 
         
Balance as at December 31, 2021
    
(20,894
)
         
Total income is recognized in other comprehensive income
    
(40,643
 )
         
Balance as at December 31, 2022
    
(61,537
)