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A lesson for Europe: the remarkable rise of German renewable energy

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Watch: A lesson for Europe: the remarkable rise of German renewable energy

German day-ahead power prices averaged Eur25/MWh in May -- a level not seen since early 2003. Henry Edwardes-Evans and Andreas Franke assess the key fundamentals driving this price decline, including the impact of the astonishing growth in German renewables. They look at wind and solar's effect on conventional plant run times and operational characteristics, the country's climate change objectives, and the steep challenges facing the lignite coal sector.