The importance of accurate wind energy forecasting for power trading

Historical forecasts, also called hindcasts, refer to datasets resulting from a backcasting process that simulates the solar or wind energy forecasts as they would have occurred under operational conditions in the past.

We are pleased to announce that we have ranked at the forefront in the last three solar energy forecasting benchmarks in which we participated. These rigorous comparison exercises, spanning 5 to 6 months, engaged 6 to 11 participants and included power plants in both Spain and Romania.

While Steadysun has primarily been associated with solar energy for the past decade, it's time for us to set a new course: the realm of wind energy! And what if the Sun and the wind were ultimately more closely intertwined than you imagine?

The client participates in OMIE power exchange bids for the day-ahead market and aims to minimize portfolio balancing costs. Consequently, they require twice-daily delivery of day-ahead forecasts for the total aggregate.

Driven by a low-pressure system centered off the coast of Portugal, a dust plume event occurred in Western Europe between 4 and 8 September 2023. This advection resulted in a massive rise of sand from the Sahara across the Iberian Peninsula towards France and the UK.

Damien RAYNAUD and Guillaume TREMOY took part at the 7th International Conference Energy and Meteorology from June 27 to 29,2023. Topics addressed:
- Solar energy assessment and forecasting in insular regions: the Tahiti case study
- West African solar forecast errors and their link with meteorological conditions: case study of the Zagtouli solar farm (Burkina-Faso)
- West African Mineral Dust: a key in the NExus ClimaTe – WATer – Energy

Our team is thrilled to announce the launch of our new forecasting system, which promises to change the way you make use of weather and power forecasts.

Increased flexibility and autonomy, improved accuracy and risk assessment, live updates, and actionable decision-support tools.

Manage your operations effortlessly with the API's broad functional scope, including plants portfolio management, forecast retrieval, and production measurement transmission.

Check out our blog post to find out more.