v3.25.2
Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases

Note 11 - Leases

 

1.Material lease agreements entered into during the period

 

Ellomay Solar Italy Eleven, S.L. 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 semi-annual rent of approximately €214 thousand, not including VAT. The semi-annual rent is linked to the Italian CPI.

 

A right-of-use asset in the amount of €7,375 thousand has been recognized in the statement of financial position in respect of leases of land. A lease liability in the amount of €7,375 thousand has been recognized in the statement of financial position in respect of such leases of land, out of which an amount of €60 thousand has been recognized in short-term liabilities.

 

2.Right-of-use assets

 

       Spain   Israel         
   Italy   Subsidized
Solar
Plants
   28 MW
Solar
   Talasol
 Solar
   Pumped
Storage
   USA   Total 
   € in thousands 
Cost                            
                             
Balance as at January 1, 2025   13,201    958    1,388    7,340    9,619    1,809    34,315 
Additions   7,375    
-
    
-
    
-
    
-
    867    8,242 
Depreciation for the period   (337)   (44)   (22)   (239)   (224)   (33)   (899)
Other   
-
    (21)   45    182    55    
-
    261 
Effect of changes in exchange rates   
-
    
-
    
-
    
-
    (382)   (236)   (618)
Balance as at June 30, 2025   20,239    893    1,411    7,283    9,068    2,407    41,301 

 

3.Lease liability

 

Maturity analysis of the Company’s lease liabilities

   June 30,
2025
 
   € in thousands 
Less than one year   791 
One to five years   3,912 
More than five years   29,041 
      
Total   33,744 
      
Current maturities of lease liability   791 
      
Long-term lease liability   32,953