I was invited to speak in Brussels earlier last week about the financing of energy infrastructure. It was a breakfast organised by the European Energy Reviewand Interel.
I had the opportunity to make a presentation outlining some of the points I've made here on many occasions (the importance of the cost of capital, the difference between profitable and cheap, and the fact that "market-based" policies are not technology neutral) and as these themes are not specific to Europe but also largely apply to the USA I'm copying the slides below the fold with some accompanying comments.
Added to my Wind Power series with the usual disclosure: I advise wind developers on their financing needs