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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Note 14 - Leases Leases in which the Company is the lessee The Company has lease agreements with respect to lands for the Solar Plants. Information regarding material lease agreements entered into during the period Ellomay Solar Italy Fourteen SRL leases land in Italy from private lessors for a period of 41 years and paid an amount of €2,183 thousand in advance for the all period. A right-of-use asset in the amount of €2,183 thousand have been recognized in 2024 in respect of this lease of land. Ellomay Solar Italy Fifteen SRL leases land in Italy from private lessors for a period of 31 years, extending until May 2054. The annual rent is €72.7 thousand and is indexed to the Italian CPI. In 2024, a lease liability of €1,106 thousand and a corresponding right-of-use asset of €1,106 thousand were recognized for this land lease.
| 1. | Right-of-use assets
|  | Bio Gas |  |  | Italy |  |  | Spain |  |  | Talasol |  |  | Pumped storage |  |  | USA |  |  | Total |
|  | € in thousands |
Balance as at January 1, 2024 |  |  | 20 |  |  |  | 9,526 |  |  |  | 2,327 |  |  |  | 7,595 |  |  |  | 9,425 |  |  |  | 2,074 |  |  |  | 30,967 |
Lease agreements entered into during the period |  |  | - |  |  |  | 3,289 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,289 |
Depreciation for the year |  |  | (20 | ) |  |  | (395 | ) |  |  | (135 | ) |  |  | (468 | ) |  |  | (434 | ) |  |  | (62 | ) |  |  | (1,514 | )
Other |  |  | - |  |  |  | 781 |  |  |  | 154 |  |  |  | 213 |  |  |  | 108 |  |  |  | (305 | ) |  |  | 951 |
Effect of changes in exchange rates |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 520 |  |  |  | 102 |  |  |  | 622 |
Balance as at December 31, 2024 |  |  | - |  |  |  | 13,201 |  |  |  | 2,346 |  |  |  | 7,340 |  |  |  | 9,619 |  |  |  | 1,809 |  |  |  | 34,315 |
|  | Bio Gas |  |  | Italy |  |  | Spain |  |  | Talasol |  |  | Pumped storage |  |  | 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 |
| 2. | Lease liability
Maturity analysis of the Company’s lease liabilities
|  | December 31, 2024 |
|  | € in thousands |
Less than one year |  |  | 714 |
One to five years |  |  | 3,328 |
More than five years |  |  | 21,996 |
Total |  |  | 26,038 |
Current maturities of lease liability |  |  | 714 |
Long-term lease liability |  |  | 25,324 |
| 3. | Additional information on leases
| (a) | Amounts recognized in profit or loss
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | € in thousands |
Depreciation on right-of-use asset |  |  | 629 |  |  |  | 718 |  |  |  | 743 |
Interest expenses on lease liability |  |  | 337 |  |  |  | *407 |  |  |  | *370 |
| * | Including the amounts of €66 thousand and €74 thousand that were presented as a discontinued operation and classified as held for sale for 2023 and 2022, respectively.
The remainder of the depreciation and the interest is capitalized to fixed assets, including the amounts of €111 thousand and €117 thousand recorded in the depreciation expenses that were presented as a discontinued operation and classified as held for sale for 2023 and 2022, 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 €264 thousand.

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