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Loans and Borrowings (Narrative) (Details) - EUR (€) € in Thousands | 1 Months Ended | 6 Months Ended
--- | --- | ---
Feb. 29, 2020 | Apr. 30, 2019 | Jun. 30, 2020
Disclosure of detailed information about borrowings [line items] |  |  |
Interest rate basis |  |  | Annual interest of Euribor with a margin (expected to be 1.76%) and annual interest of 6 month Euribor with margin of 2%- 2.75%.
Talasol Project [Member] |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |
Interest rate basis |  | Talasol entered into a swap agreement, replacing the Euribor 6 month rate with a fixed 6 month rate of approximately 0.9412%. |
Description of Debt Equity ratio and holdings |  | During the construction period, interest payments on the term, revolving debt and VAT facilities will be made on a monthly basis, and semi-annually thereafter (commencing March 31, 2021). The VAT facilities’ interest period, however, remains on a monthly basis. The agreements executed in connection with the Talasol Project Finance provide for mandatory prepayment upon the occurrence of certain events and various customary representations, warranties and covenants, including covenants to maintain a Historic and Projected DSCR not lower than 1.05:1, and not to make distributions in the event that: (i) the Historic and Projected DSCR will be lower than 1.15:1.0 and (ii) the Loan Life Cover Ratio will be lower than 1.20:1.0. The facilities provided by the EIB include certain other representations and undertakings mandated by applicable EU regulation. |
Talasol Project [Member] | Term facility [Member] |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |
Amount of loan |  | € 65,900 |
Interest rate basis |  | annual interest of 6 month Euribor (with a zero floor and synchronous with the applicable interest period |
Maturity date |  | September 30, 2033 |
Description of applicable margin |  | The applicable margins are: (i) 2.25% until technical completion, (ii) 2% from technical completion until the 5th anniversary of technical completion, (iii) 2.25% from the 5th anniversary of technical completion until the termination date of the power hedge agreement that Talasol entered into last June (the “PPA”, i.e., September 30, 2030), and (iv) 2.5% from the termination date of the PPA until the end of the term of the commercial term facility. |
Drawn down amount of loan | € 40,400 |  |
Capitalized loan expenses | 3,700 |  |
Talasol Project [Member] | Revolving debt service reserve facility [Member] |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |
Amount of loan |  | € 4,450 |
Interest rate basis |  | annual interest of 6 month Euribor (with a zero floor) plus a margin determined based on the stage of the Talasol Project. |
Maturity date |  | (i) September 30, 2033 or (ii) the date on which the commercial term loan set forth under (a) above has been repaid in full. |
Description of applicable margin |  | The applicable margins are: (i) 2.5% until technical completion, (ii) 2.25% from technical completion until the 5th anniversary of technical completion, (iii) 2.50% from the 5th anniversary of technical completion until the termination date of the PPA, and (iv) 2.75% from the termination date of the PPA until the termination date; |
Talasol Project [Member] | VAT facility [Member] |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |
Amount of loan |  | € 6,670 |
Interest rate basis |  | annual interest of 1 month Euribor (with a zero floor) plus a margin of 2%. |
Maturity date |  | June 30, 2021 |
Drawn down amount of loan |  | € 100 |
Talasol Project [Member] | Letter of credit facility [Member] |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |
Amount of loan |  | € 12,000 |
Interest rate basis |  | annual interest of (i) 1.25% for amounts cash covered, and (ii) 2% for any other amounts; |
Maturity date |  | September 30, 2030 |
Talasol Project [Member] | Term facility from EIB [Member] |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |
Amount of loan |  | € 65,000 |
Interest rate basis |  | annual interest of Euribor synchronous with the applicable interest period described below plus a margin (expected to be 1.76%). |
Maturity date |  | September 30, 2033 |
Drawn down amount of loan | 39,900 |  |
Capitalized loan expenses | € 3,700 |  |
Talasol Project [Member] | Revolving debt service reserve facility from EIB [Member] |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |
Amount of loan |  | € 4,450 |
Interest rate basis |  | annual interest of 6 month Euribor (with a zero floor) plus a margin |
Maturity date |  | (i) September 30, 2033 or (ii) the date on which the commercial term loan set forth under |
Talasol Project [Member] | Shares in Talasol [Member] |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |
Proportion of ownership interest |  | 50.10% |

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