Abstract
On the basis of the ideal MHD equations expressed in terms of Elsässer variables, a new set of equations has been derived that governs the dynamics of the inhomogeneous background plasma and the superimposed incompressible fluctuations. From these equations the dynamic equation for the two-point and two-time correlation tensor has been obtained, and subsequently the equations of motion for the various spectral densities related to energy, cross-helicity and residual energy or the Alfvén ratio have been established. This set of equations offers a new possibility of discussing and perhaps better understanding the mostly incompressible fluctuations observed in the solar-wind plasma and of analysing their radial evolution into interplanetary space and their spectral development. The scope of the paper is limited to giving mainly formal developments of the equations. A detailed evaluation of the many terms in the light of interplanetary observations is intended for the future, but is not presented in this paper.