A French tradition, caramelizing apples is not what it sounds like. They are not candied, or caramel apples. When you caramelize apples, you slice and cook them to the point that the natural fruit juice caramelizes the apple meat on its own. This is a good treat for a party, sweet treat or housewarming gift. Use tart apples such as Granny Smith apples.
Preheat the oven to 350 degrees F.
Melt the butter in a large skillet until simmering. Add the apples and sugar. Cook, stirring, over medium heat for about 20 minutes or until the apples are golden.
Mix together the eggs, the 1/2 cup sugar, flour, lemon juice, water, baking powder and cinnamon in a bowl. Cream with a hand mixer on medium speed.
Arrange the apple slices in the pie plate after it has been sprayed. Pour the egg mix over the apples, evenly creating an upper layer.
Bake the apples for around 20 minutes or until lightly browned around the edges. Let cool slightly, then serve warm or chilled.