2014
DOI: 10.1002/env.2267
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Probabilistic forecasts of solar irradiance using stochastic differential equations

Abstract: Summary: Probabilistic forecasts of renewable energy production provide users with valuable information about the uncertainty associated with the expected generation. Current state-of-the-art forecasts for solar irradiance have focused on producing reliable point forecasts. The additional information included in probabilistic forecasts may be paramount for decision makers to efficiently make use of this uncertain and variable generation. In this paper, a stochastic differential equation (SDE) framework for mod… Show more

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Cited by 70 publications
(49 citation statements)
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“…For instance, the design and the study of renewable power plants with deterministic approaches are object of several academic courses and handbooks (Patel, 2014). Iversen et al, (2014) proposed an analytical model to forecast the solar irradiance, whereas Iqbal et al (2014) and Mellit et al (2014) present data-driven statistical learning methods to predict the effects of the renewable resources onto the power plants operations. In a previous work, Chiacchio et al (2018) analyzed the performance of photovoltaic power plant using a SHyFTA model, but they did not use this modelling technique to evaluate the service availability of the system.…”
Section: Dynamic Reliability Modelling With Stochastic Hybrid Fault Tmentioning
confidence: 99%
“…For instance, the design and the study of renewable power plants with deterministic approaches are object of several academic courses and handbooks (Patel, 2014). Iversen et al, (2014) proposed an analytical model to forecast the solar irradiance, whereas Iqbal et al (2014) and Mellit et al (2014) present data-driven statistical learning methods to predict the effects of the renewable resources onto the power plants operations. In a previous work, Chiacchio et al (2018) analyzed the performance of photovoltaic power plant using a SHyFTA model, but they did not use this modelling technique to evaluate the service availability of the system.…”
Section: Dynamic Reliability Modelling With Stochastic Hybrid Fault Tmentioning
confidence: 99%
“…Literature [32] systematic method to optimize the operation of the feeder and to ensure the voltage quality, to determine the photovoltaic active and reactive power output of residential roofs. Literature [33] used the framework of stochastic differential equations to predict the probability of solar irradiation. Literature [34] first predicted the probability distribution of the hourly clear sky index through Bayesian autoregressive time series model, and then calculated the probability distribution of PV output by random sampling of the clear sky index by Monte Carlo simulation.…”
Section: Distributed Photovoltaic Output Forecastmentioning
confidence: 99%
“…Our proposed method is district from the existing probabilistic solar forecasting methods like [6,7] because we use literally different base regression models rather than using a single base model with different parameters or bootstrapping. The good results offered by it can be attributed to the soundness of the seven base regression models themselves and the effectiveness of our carefully-crafted ensemble strategies, especially in the case of the normal distribution with additional features method.…”
Section: Our Contributionsmentioning
confidence: 99%
“…Iversen et al [6] proposed a framework for calculating the probabilistic forecasts of solar irradiance using stochastic differential equations (SDE). They construct a process that is limited to a bounded state space, and it assigns zero probability to all of the events outside this state space.…”
Section: Probabilistic Forecastingmentioning
confidence: 99%