| Fixed Assets |
Note
9 - Fixed Assets
Composition
and changes:
| |
|
2025
|
|
| |
|
PV
+ Storage |
|
|
Wind
farms |
|
|
Others
|
|
|
Total
|
|
| |
|
USD
in thousands |
|
|
Cost:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
of January 1, 2025 |
|
|
1,905,172
|
|
|
|
1,992,516
|
|
|
|
18,852
|
|
|
|
3,916,540
|
|
|
Additions
|
|
|
2,339,305
|
|
|
|
18,800
|
|
|
|
3,943
|
|
|
|
2,362,048
|
|
|
Translation
differences |
|
|
128,183
|
|
|
|
260,782
|
|
|
|
1,200
|
|
|
|
390,165
|
|
|
Cost
as of December 31, 2025 |
|
|
4,372,660
|
|
|
|
2,272,098
|
|
|
|
23,995
|
|
|
|
6,668,753
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated
depreciation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
of January 1, 2025 |
|
|
47,386
|
|
|
|
165,752
|
|
|
|
4,210
|
|
|
|
217,348
|
|
|
Depreciation
expenses |
|
|
58,822
|
|
|
|
74,866
|
|
|
|
1,920
|
|
|
|
135,608
|
|
|
Translation
differences |
|
|
8,774
|
|
|
|
25,076
|
|
|
|
529
|
|
|
|
34,379
|
|
|
Accumulated
depreciation as of December 31, 2025 |
|
|
114,982
|
|
|
|
265,694
|
|
|
|
6,659
|
|
|
|
387,335
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying
value as of December 31, 2025 |
|
|
4,257,678
|
|
|
|
2,006,404
|
|
|
|
17,336
|
|
|
|
6,281,418
|
|
| |
|
2024
|
|
| |
|
PV
+ Storage |
|
|
Wind
farms |
|
|
Others
|
|
|
Total
|
|
| |
|
USD
in thousands |
|
|
Cost:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
of January 1, 2024 |
|
|
1,179,394
|
|
|
|
1,894,508
|
|
|
|
8,114
|
|
|
|
3,082,016
|
|
|
Additions
|
|
|
666,740
|
|
|
|
183,839
|
|
|
|
10,774
|
|
|
|
861,353
|
|
|
Initial
consolidation |
|
|
49,831
|
|
|
|
-
|
|
|
|
-
|
|
|
|
49,831
|
|
|
Reclassification
from contract assets according to IFRIC 12 (*) |
|
|
99,416
|
|
|
|
-
|
|
|
|
-
|
|
|
|
99,416
|
|
|
Classification
to disposal group held for sale (**) |
|
|
(77,911
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(77,911
|
)
|
|
Translation
differences |
|
|
(12,298
|
)
|
|
|
(85,831
|
)
|
|
|
(36
|
)
|
|
|
(98,165
|
)
|
|
Cost
as of December 31, 2024 |
|
|
1,905,172
|
|
|
|
1,992,516
|
|
|
|
18,852
|
|
|
|
3,916,540
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated
depreciation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
of January 1, 2024 |
|
|
25,590
|
|
|
|
106,179
|
|
|
|
2,878
|
|
|
|
134,647
|
|
|
Depreciation
expenses |
|
|
30,675
|
|
|
|
65,948
|
|
|
|
1,360
|
|
|
|
97,983
|
|
|
Classification
to disposal group held for sale (**) |
|
|
(7,725
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(7,725
|
)
|
|
Translation
differences |
|
|
(1,154
|
)
|
|
|
(6,375
|
)
|
|
|
(28
|
)
|
|
|
(7,557
|
)
|
|
Accumulated
depreciation as of December 31, 2024 |
|
|
47,386
|
|
|
|
165,752
|
|
|
|
4,210
|
|
|
|
217,348
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying
value as of December 31, 2024 |
|
|
1,857,786
|
|
|
|
1,826,764
|
|
|
|
14,642
|
|
|
|
3,699,192
|
|
| |
(*) |
At the beginning of 2024, the Company reclassified
cluster of PV projects in Israel from contract assets to fixed assets due to significant changes to terms of the concession agreement.
|
| |
(**) |
At the end of 2024, the Company reclassified a
cluster of PV + Storage projects in Israel to disposal group held for sale according to the Company’s intention of selling the projects,
for additional information please see Note 7. |
|