Economic Modeling for the Renewable Energy Support

Sara Nada¹, M. Hamed^2*

¹Università degli Studi di Roma “Tor Vergata”, Rome, Italy.
²Department of Electrical Engineering, Faculty of Engineering, Port Said University, Port Said, Egypt.

DOI: 10.4236/oalib.1101360                

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.

Keywords

Economic, Banking, Marketing, Industrial Investment, Cost, Electric Station, Renewable Energy

Conflicts of Interest

The authors declare no conflicts of interest.

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