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Leases

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases

Note 10 - Leases

1.

Material lease agreements entered into during the period

Ellomay Solar Italy - Fifteen leases the land on which it is constructing solar plant in the municipality of Torino, Verolengo, Piemonte Region, Italy, from a private lessor for a period of 31 years. There will be a regular annual rent of approximately €73 thousand, not including VAT, and capitalized rents in the total amount of €89 thousand. The annual rent is linked to the Italian CPI. A right-of-use asset in the amount of €1,106 thousand has been recognized in the statement of financial position in respect of leases of land. A lease liability in the amount of €1,121 thousand has been recognized in the statement of financial position in respect of such leases of land, out of which an amount of €11 thousand has been recognized in short-term liabilities.

2.

Right-of-use assets

		Netherlands				Italy				Spain												Israel				USA
		Biogas				Solar				Subsidized Solar Plants				28 MW Solar				Talasol Solar				Manara Pumped Storage				Solar				Total
		€ in thousands
Cost
Balance as at January 1, 2024			20				9,526				977				1,350				7,595				9,425				2,074				30,967
Additions			-				1,865				69				83				213				61				24				2,315
Depreciation for the period			(13	)			(179	)			(45	)			(22	)			(234	)			(215	)			(33	)			(741	)

Effect of changes in exchange rates			-				-				-				-				-				(19	)			72				53
Balance as at June 30, 2024			7				11,212				1,001				1,411				7,574				9,252				2,137				32,594

3.

Lease liability

Maturity analysis of the Company’s lease liabilities

		June 30, 2024
		€ in thousands
Less than one year			757
One to five years			3,267
More than five years			22,352

Total			26,376

Current maturities of lease liability			757

Long-term lease liability			25,619