v3.26.1
Loans from banks and other financial institutions (Tables)
12 Months Ended
Dec. 31, 2025
Credit From Banking Corporations Financial Institutions And Other Credit Providers [Abstract]  
Disclosure of detailed information about credit from banking corporations, financial institutions and other credit providers
   
Current liabilities
   
Non-current liabilities
   
Total
 
   
As of December 31
   
As of December 31
   
As of December 31
 
   
2025
   
2024
   
2025
   
2024
   
2025
   
2024
 
   
USD in thousands
   
USD in thousands
   
USD in thousands
   
USD in thousands
   
USD in thousands
   
USD in thousands
 
Credit from banks (1)
   
67,665
     
90,000
     
-
     
-
     
67,665
     
90,000
 
Loans from banks and other financial institutions for project financing (2)
   
816,455
     
122,246
     
2,861,672
     
1,879,758
     
3,678,127
     
2,002,004
 
Loans from banks for corporate financing
   
-
     
-
     
120,114
     
116,379
     
120,114
     
116,379
 
                                                 
Total credit
   
884,120
     
212,246
     
2,981,786
     
1,996,137
     
3,865,906
     
2,208,383
 
 
  (1)
The Credit from banks as of December 31, 2025, are part of short-term credit facilities totaling USD 545 million.
Disclosure of detailed information about loans from banking corporations and other financial institutions for project financing
     
Balance of the loan as of December 31,
   
 
Project name
Original loan currency
Date financing provided
2025
2024
Interest rate and Indexation (*)
Maturity
USD in million
Halutziot
NIS
December 2020
153
144
0.88%, CPI-linked
2035
Halutziot 1 upgrade
NIS
September 2022
19
18
3.22%, CPI-linked
2035
Halutziot 2
NIS
September 2022
34
30
3.32%, CPI-linked
2045
Mivtachim and Talmei Bilu
NIS
December 2020
79
76
0.77%, CPI-linked
2033
Kramim and Idan
NIS
December 2020
25
24
0.8%, CPI-linked
2034
Emek HaBacha
NIS
November 2018
176
158
2.41%, CPI-linked
2040
Solar and Storage projects in Israel
NIS
December 2023
249
208
6.37%-7.37%
2031(**)
Ruach Beresheet
NIS
July 2020
340
303
2.14%, CPI-linked
2042
Tullynamoyle
EUR
August 2020
11
10
90% of the loan - 3.47%
10% of the loan - 3M Euribor plus 2%
2032
Lukovac
EUR
December 2020
33
34
84% of the loan - 3.5%-3.75%
16% of the loan - 3M Euribor plus 3%-3.5%
2032
EWK
EUR
December 2017
75
78
60% of the loan – 2.3%
29% of the loan - 3.95%
11% of the loan – 4.65%-4.83%
2030
Picasso
EUR
January 2020
75
71
Until 2029 – 1.58%
Until 2039 – 2.33%
2039
SOWI
EUR
January 2020
88
86
49% of the loan – 1.91%
32% of the loan – 4.06%
1% of the loan – 4.46%
18% of the loan – 6M Euribor plus 4%
2033
Gecama (1)
EUR
May 2025
271
145
5.1%
2045
Björnberget
EUR
May 2021
213
199
79% of the loan – 2.28%
21% of the loan - 6M Euribor plus 1.75%.
2041
Attila
HUF
January 2019
32
28
70% of the loan – 6.3%.
30% of the loan – 4.05%.
2036
Raaba Flow and Raaba ACDC
EUR
March 2024
40
35
70% of the loan – 6.1%
30% of the loan - 3M Euribor plus 3.15%-3.25%.
2033
PUPIN
EUR
March 2024
93
67
70% of the loan – 6.3%
30% of the loan - 3M Euribor plus 3.3%.
2040
Atrisco PV
USD
December 2023
103
115
5.4%-5.9%
2049
Atrisco BESS
USD
December 2023
168
174
5.6%-5.9%.
2049
 Roadrunner PV (3)
USD
January 2025
212
-
Construction loan- SOFR plus 1.5%
2026
 Roadrunner Bess (3)
USD
January 2025
244
-
Construction loan- SOFR plus 1.5%
2026
 Quail Ranch PV (4)
USD
April 2025
114
-
Construction loan- SOFR plus 1.5%
2026
 Quail Ranch Bess (4)
USD
April 2025
86
-
Construction loan- SOFR plus 1.5%
2026
 Country Acers (5)
USD
March 2025
484
-
Construction loan- SOFR plus 1.5%
2027
 Snowflake A (6)
USD
November 2025
201
-
Construction loan- SOFR plus 1.5%
2027
 Mezzanine loan (2)
USD
August 2025
59
-
6M SOFR plus 2.9-3.1%
2032
 
(*) The interest rates in the table above include the impact of Interest Rate Swap (IRS) instruments hedging variable interest rates.
 
(**) Maturity - 20-year amortization period and a 6-year mini-perm term.