A comprehensive overview on wind power forecasting

Energy crisis, global warming and depletion of ozone layer are the major factors looming the world today. Adequate utilization of renewable energy sources like wind, solar, biomass etc. prove to be the only alternative. As a result, these industries are rapidly gaining significance. The wind power industry is very promising and it is necessary for the wind farm power prediction to be exact. Prediction models facilitate the integration of wind power with the grid and also forewarn the power system operators by giving weather alerts. They also aid in power system operations planning and economic dispatch. Developing forecasting models is an overwhelming task, due to the random and stochastic nature of wind. This paper presents an overall review on the various wind power forecasting techniques.