TITLE:
Economic Modeling for the Renewable Energy Support
AUTHORS:
Sara Nada, M. Hamed
KEYWORDS:
Economic, Banking, Marketing, Industrial Investment, Cost, Electric Station, Renewable Energy
JOURNAL NAME:
Open Access Library Journal,
Vol.2 No.4,
April
17,
2015
ABSTRACT: This paper presents a general economic modification for the present
energy strategy. This modification is unidirectional economic concept depending
on three principles. The paper explains shortly the basics of engineering
connections between renewable energy stations and the traditional electric
power networks, illustrating the technical rules while the economical base has
been accounted with time consideration. Converting stations and rectification
principles are priced, simply. Also, the cost comparison may be noted in order
to find the best quick way for development. The proposed support depends on
three axes as the technical (direct current distribution systems), financial
banking, and industrial activity. This leads to a concentration in the manufactured
equipments and devices to be capable for encourage the application of direct
current operation. The tools and devices in the electric systems of cars may be
the first key for the technical implementation as a stable actual market in the
world so that the industrial axis would lead to the commercial use with a
reduced price for each component due to the high growth in mass production. It
is concluded that, the proposed philosophy can be introduced on the basis of
government support through electric and industrial companies besides
governmental banks. Also, encourage policy for private investment sectors in
marketing and financial authorities may be needed where a simple economic model
is illustrated. This is an economic differential solution since it accounts the
price ratio for the aimed target.