Solar and Wind Power Forecasting with Optimal ARIMA Parameters

Abstract

The solar and wind renewable energy sources are gaining popularity to encourage green energy into the power system. The cost of generation of solar and wind energy sources are decreasing and competing with conventional coal-based generation. Therefore, it is very important to integrate these renewable sources into the power system. Integrating Solar and wind energy sources require to solve the uncertainty problem. Both the solar and wind energy generation is uncertain and not controllable. In this paper, sliding window optimal ARIMA forecasting algorithm is proposed to solve the uncertainty associated with solar and wind sources. The proposed forecasting method is used on the data collected from National Renewable Energy Laboratory website.