See:

http://www.nytimes.com/2014/09/14/science/earth/sun-and-wind-alter-german-landscape-leaving-utilities-behind.html

Some quotes:

HELIGOLAND, Germany — Of all the developed nations, few have pushed harder
than Germany to find a solution to global warming. And towering symbols of
that drive are appearing in the middle of the North Sea.

They are wind turbines, standing as far as 60 miles from the mainland,
stretching as high as 60-story buildings and costing up to $30 million
apiece. . . .


Germans will soon be getting 30 percent of their power from renewable
energy sources. Many smaller countries are beating that, but Germany is by
far the largest industrial power to reach that level in the modern era. It
is more than twice the percentage in the United States. . . .


Electric utility executives all over the world are watching nervously as
technologies they once dismissed as irrelevant begin to threaten their
long-established business plans. Fights are erupting across the United
States over the future rules for renewable power. Many poor countries, once
intent on building coal-fired power plants to bring electricity to their
people, are discussing whether they might leapfrog the fossil age and build
clean grids from the outset.

A reckoning is at hand, and nowhere is that clearer than in Germany. Even
as the country sets records nearly every month for renewable power
production, the changes have devastated its utility companies, whose
profits from power generation have collapsed. . . .

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