Core Viewpoint - Germany has achieved its 2028 coal power reduction target ahead of schedule, eliminating the need for a second consecutive year of mandated coal plant closures [1] Group 1: Regulatory Developments - The Federal Network Agency of Germany announced that the mid-term target for coal power reduction by 2028 is set at 8,700 megawatts, and as of September 1, the country has exceeded this target by approximately 10% [1] - The country plans to completely phase out coal power by 2038, although some large lignite plants related to mining operations have been granted extended closure periods to address unemployment concerns [1] Group 2: Energy Market Dynamics - Currently, nearly two-thirds of Germany's electricity comes from renewable sources, leading to frequent instances of surplus solar power that drive electricity prices below zero, significantly reducing the profitability of coal power generation [1] - Coal plant operators are required to purchase carbon emission allowances under the EU Emissions Trading System, with prices fluctuating between €60 and €84 per ton this year, currently around €74 per ton [1]