v3.26.1
Changes in Liabilities from Financing Activities (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Changes in Liabilities from Financing Activities, beginning of period $ 3,628,134 $ 2,814,541 $ 2,164,877
Cash flows from financing activities [1] 1,792,394 718,280 526,425
Translation differences in respect of foreign operations 357,923 (63,182) 17,902
Adjustments in respect of cash flows for operating activities 97,742 115,830 76,845 [2]
Non-cash activities 8,628 42,665 28,492
Changes in Liabilities from Financing Activities , end of period 5,884,821 3,628,134 2,814,541
Debentures      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Changes in Liabilities from Financing Activities, beginning of period [3] 482,912 323,161 256,736
Cash flows from financing activities [1],[3] 62,717 142,559 61,556
Translation differences in respect of foreign operations [3] 81,818 2,877 (4,076)
Adjustments in respect of cash flows for operating activities [3] 29,759 14,315 8,945 [2]
Non-cash activities [3] 0 0 0
Changes in Liabilities from Financing Activities , end of period [3] 657,206 482,912 323,161
Convertible Debentures      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Changes in Liabilities from Financing Activities, beginning of period [3] 133,421 130,931 131,763
Cash flows from financing activities [1],[3] 101,103 (1,078) (1,077)
Translation differences in respect of foreign operations [3] 32,078 (736) (3,763)
Adjustments in respect of cash flows for operating activities [3] 9,344 4,304 4,029 [2]
Non-cash activities [3] 0 0 (21) [4]
Changes in Liabilities from Financing Activities , end of period [3] 275,946 133,421 130,931
Loans from banks and other financial institutions      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Changes in Liabilities from Financing Activities, beginning of period 2,210,213 [3] 2,029,539 1,585,846
Cash flows from financing activities [1] 1,218,691 [3] 181,023 360,808
Translation differences in respect of foreign operations 339,091 [3] (56,015) 21,664
Adjustments in respect of cash flows for operating activities 124,995 [3] 106,612 63,751 [2]
Non-cash activities (18,127) [3],[5] (50,946) [6] (2,530) [4]
Changes in Liabilities from Financing Activities , end of period 3,874,863 [3] 2,210,213 [3] 2,029,539
Loans from non-controlling interests [Member]      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Changes in Liabilities from Financing Activities, beginning of period 75,598 92,751 90,909
Cash flows from financing activities [1] (1,009) (3,797) (2,606)
Translation differences in respect of foreign operations 9,931 (4,683) 2,466
Adjustments in respect of cash flows for operating activities 2,420 2,778 2,149 [2]
Non-cash activities 6 (11,451) (167)
Changes in Liabilities from Financing Activities , end of period 86,946 75,598 92,751
Liability in respect of tax equity arrangement      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Changes in Liabilities from Financing Activities, beginning of period 100,425 49,683 0
Cash flows from financing activities [1] 382,879 50,442 48,653
Translation differences in respect of foreign operations (121,749) 0 0
Adjustments in respect of cash flows for operating activities 0 300 1,030 [2]
Non-cash activities 14,040 0 0
Changes in Liabilities from Financing Activities , end of period 375,595 100,425 49,683
Deferred income related to equity      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Changes in Liabilities from Financing Activities, beginning of period 403,384 60,880 0
Cash flows from financing activities [1] 43,996 360,667 66,317
Translation differences in respect of foreign operations (901) 0 0
Adjustments in respect of cash flows for operating activities (75,745) (18,163) (5,437) [2]
Non-cash activities 0 0 0
Changes in Liabilities from Financing Activities , end of period 370,734 403,384 60,880
Lease liability      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Changes in Liabilities from Financing Activities, beginning of period 222,181 127,596 99,623
Cash flows from financing activities [1] (15,983) (11,536) (7,226)
Translation differences in respect of foreign operations 17,655 (4,625) 1,611
Adjustments in respect of cash flows for operating activities 6,969 5,684 2,378 [2]
Non-cash activities 12,709 [7] 105,062 [8] 31,210 [7]
Changes in Liabilities from Financing Activities , end of period $ 243,531 $ 222,181 $ 127,596
[1] See Note 2C for additional information regarding the change in presentation of interest receipts and interest paid.
[2] Including interest accrued and interest paid.
[3] Including interest payable.
[4] Mostly due to the offsetting of deferred borrowing costs which were prepaid by the project companies on the financial closing dates, and discounted finance expenses during the construction period.
[5] Mostly due to capitalization of finance expenses during the construction period.
[6] Mostly due to the offsetting of deferred borrowing costs which were prepaid by the project companies on the financial closing dates, capitalization of finance expenses during the construction period and classification of disposal groups classified as held for sale.
[7] Initial creation and index linking vis-à-vis right-of-use asset.
[8] Initial creation and index linking vis-à-vis right-of-use asset and classification to liabilities of disposal groups classified as held for sale.