Financial Instruments [Abstract]

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, 2024
	Currency/ linkage/ interest rate	Currency/ linkage/ interest rate	Date of	Fair value - € in
	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		862
Euro 9.6 million interest swap transaction for a period of 13 years, semi-annually.	Euribor 6 months	Fixed 0.465%	June 30, 2037		(331	)
Financial power swap - electricity price swap fixed for float	Electricity price in Spain	Fixed price	September 30, 2030		13,427
Forward Dollar/NIS contracts with an aggregate Dollar denominated principal of $2 million.	weighted average rate of approximately 3.65		Jan-25		(1	)

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, 2024
	Non-monetary/ Non finance			NIS			USD			EURO			Total
	€ in thousands
Current assets:
Cash and cash equivalents		-			28,147			1,831			11,156			41,134
Restricted cash		-			-			-			656			656
Intangible asset from green certificates		178			-			-			-			178
Trade and revenue receivables		-			-			-			5,393			5,393
Other receivables		1,215			1,872			62			12,192			15,341
Derivatives asset ST		-			-			-			146			146
Non-current assets:
Investments in equity accounted investees		41,324			-			-			-			41,324
Advances on account of investments		547			-			-			-			547
Fixed assets		482,747			-			-			-			482,747
Right-of-use asset		34,315			-			-			-			34,315
Restricted cash and deposits		-			5,004			-			12,048			17,052
Deferred tax		9,039			-			-			-			9,039
Long term receivables		12,874			537			-			-			13,411
Derivatives		-			-			-			15,974			15,974
Current liabilities:
Current maturities of long-term bank loans		-			-			(9,551	)		(11,765	)		(21,316	)
Current maturities of long-term loans		-			-			-			(5,866	)		(5,866	)
Current maturities of debentures		-			(35,706	)		-			-			(35,706	)
Trade payables		-			(255	)		(4,269	)		(4,332	)		(8,856	)
Other payables		(178	)		(6,466	)		(51	)		(4,201	)		(10,896	)
Current maturities of derivatives		-			(1	)		-			(1,874	)		(1,875	)
Current maturities of lease liabilities		-			(118	)		(10	)		(586	)		(714	)
Warrants		-			(1,446	)		-			-			(1,446	)

Non-current liabilities:
Long-term lease liabilities		-			(3,350	)		(2,021	)		(19,953	)		(25,324	)
Liabilities to banks		-			(79,541	)		-			(166,325	)		(245,866	)
Other long-term loans		-			(10,209	)		-			(20,239	)		(30,448	)
Debentures		-			(155,823	)		-			-			(155,823	)
Deferred tax		(2,609	)		-			-			-			(2,609	)
Other long-term liabilities		-			(939	)		-			-			(939	)
Derivatives											(288	)		(288	)
Total exposure in statement of financial position in respect of financial assets and financial liabilities		579,452			(258,294	)		(14,009	)		(177,864	)		129,285

	December 31, 2023
	Non-monetary/ Non finance			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 revenue receivables		-			-			-			1,218			1,218
Other receivables		2,584			2,660			-			5,255			10,499
Derivatives asset ST		-			-			-			275			275
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	)
Warrants		-			(84	)		-			-			(84	)
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		-			(855	)		-			-			(855	)

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

(*)

Including items linked to the Israeli CPI

Schedule of Sensitivity Analysis of Equity

The analysis assumes that all other variables, in particular interest rates, remain constant.

	December 31, 2024
	Increase			Decrease
	Equity			Equity
	€ thousands
Change in the exchange rate of:
5% in the USD		667			(737	)
5% in NIS		(12,915	)		12,915

	December 31, 2023
	Increase			Increase
	Equity			Equity
	€ thousands
Change in the exchange rate of:
5% in the USD		(90	)		99
5% in NIS		(9,471	)		9,471

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, 2024

Fair value

Carrying amount

Level 1

Level 2

Level 3

Valuation techniques for determining fair value

Inputs used to determine fair value

€ in thousands

Non-current liabilities:

Debentures

191,529

189,090

-

Loans from banks and others (including current maturities)

303,496

-

246,554

-

Discounting future cash flows by the market interest rate on the date of measurement.

See Note 21F(2)

495,025

189,090

246,554

-

	December 31, 2023
			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		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		-

Schedule of Fair Values Hierarchy

Level 3 - Inputs that are not based on observable market data (unobservable inputs).

	December 31, 2024
	Level 1			Level 2			Level 3			Total			Valuation techniques for
	€ in thousands												determining fair value
Warrants		(1,446	)		-			-			(1,446	)	Fair value is measured at trade market.
Swap contracts		-			862			-			862		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					(331	)					(331	)	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								13,427			13,427		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.
Forward		-			-			(1	)		(1	)	Fair value measured on the basis of discounting the difference between the forward price in the contract and the current forward price for the residual period until redemption using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks.

	December 31, 2023
	Level 1			Level 2		Level 3		Total			Valuation techniques for
	€ in thousands										determining fair value
Warrants		(84	)		-		-		(84	)	Fair value is measured at trade market.
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.