EconPapers    
Economics at your fingertips  
 

Advances in Short-Term Solar Forecasting: A Review and Benchmark of Machine Learning Methods and Relevant Data Sources

Franko Pandžić () and Tomislav Capuder
Additional contact information
Franko Pandžić: University of Zagreb Faculty of Electrical Engineering and Computing, Unska ulica 3, 10000 Zagreb, Croatia
Tomislav Capuder: University of Zagreb Faculty of Electrical Engineering and Computing, Unska ulica 3, 10000 Zagreb, Croatia

Energies, 2023, vol. 17, issue 1, 1-19

Abstract: Solar forecasting is becoming increasingly important due to the exponential growth in total global solar capacity each year. More photovoltaic (PV) penetration in the grid poses problems for grid stability due to the inherent intermittent and variable nature of PV power production. Therefore, forecasting of solar quantities becomes increasingly important to grid operators and market participants. This review presents the most recent relevant studies focusing on short-term forecasting of solar irradiance and PV power production. Recent research has increasingly turned to machine learning to address this challenge. The paper provides a discussion about building a solar forecasting model, including evaluation measures and machine learning method selection through analysed literature. Given that machine learning is data-driven, the focus of this review has been placed on data sources referenced in the literature. Open-access data sources have been compiled and explored. The main contribution of this paper is the establishment of a benchmark for assessing the performance of solar forecasting models. This benchmark utilizes the mentioned open-source datasets, offering a standardized platform for future research. It serves the crucial purpose of streamlining investigations and facilitating direct comparisons among different forecasting methodologies in the field of solar forecasting.

Keywords: solar forecasting; irradiance; machine learning; open-source data (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/17/1/97/pdf (application/pdf)
https://www.mdpi.com/1996-1073/17/1/97/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:17:y:2023:i:1:p:97-:d:1306282

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2025-03-19
Handle: RePEc:gam:jeners:v:17:y:2023:i:1:p:97-:d:1306282