If the wind speed that passed through a wind turbine rotor disk area is constant, the hub height wind speed (HHWS) could be representative of the wind speed over the rotor disk area. However, this assumption cannot be applied to the large wind turbine, because of the wind shear effect by atmospheric stability. This is because the hub height wind speed cannot represent the vertical wind shear effect from the aerodynamics characteristic on the wind turbine. Using SCADA and offshore LiDAR observation data of the Anholt offshore wind farm, it is investigated whether the rotor equivalent wind speed (REWS) introduced in IEC61400-12-1 can contribute to the improvement of power output forecasting accuracy. The weighted value by separated sector area and vertical wind shear effect by difference between heights can explain the role of energy flux and atmospheric stability on the exact wind energy calculation. The commercial CFD model WindSim is used to calculate power production according to the HHWS and the REWS, and to compare them with the actual AEP of the local wind farm. The classification of atmospheric stability is carried out by Richardson number, which well represents the thermal and physical properties of the atmosphere below the atmospheric boundary layer, along with the wind shear coefficient and turbulence intensity. When atmospheric stability was classified by each stability index, the REWS-based predicted power output was sometimes more accurate than HHWS, but sometimes inferior. However, in most cases, using the REWS, it was possible to calculate an estimate closer to the actual power output. Through the results of this study, it is possible to provide a rationale for which method, REWS or HHWS, can more accurately calculate the expected power output and effectively derive the economic feasibility of the project by identifying the characteristics of local atmospheric stability before the wind farm project.