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Performance Evaluation of Neural Network-Based Short-Term Solar Irradiation Forecasts

Author

Listed:
  • Simon Liebermann

    (Department of Mathematics and Economics, University of Ulm, 89069 Ulm, Germany)

  • Jung-Sup Um

    (Department of Geography, Kyungpook National University, Daegu 41566, Korea)

  • YoungSeok Hwang

    (Department of Climate Change, Kyungpook National University, Daegu 41566, Korea)

  • Stephan Schlüter

    (Department of Mathematics, Natural and Economic Sciences, University of Applied Sciences Ulm, 89075 Ulm, Germany)

Abstract

Due to the globally increasing share of renewable energy sources like wind and solar power, precise forecasts for weather data are becoming more and more important. To compute such forecasts numerous authors apply neural networks (NN), whereby models became ever more complex recently. Using solar irradiation as an example, we verify if this additional complexity is required in terms of forecasting precision. Different NN models, namely the long-short term (LSTM) neural network, a convolutional neural network (CNN), and combinations of both are benchmarked against each other. The naive forecast is included as a baseline. Various locations across Europe are tested to analyze the models’ performance under different climate conditions. Forecasts up to 24 h in advance are generated and compared using different goodness of fit (GoF) measures. Besides, errors are analyzed in the time domain. As expected, the error of all models increases with rising forecasting horizon. Over all test stations it shows that combining an LSTM network with a CNN yields the best performance. However, regarding the chosen GoF measures, differences to the alternative approaches are fairly small. The hybrid model’s advantage lies not in the improved GoF but in its versatility: contrary to an LSTM or a CNN, it produces good results under all tested weather conditions.

Suggested Citation

  • Simon Liebermann & Jung-Sup Um & YoungSeok Hwang & Stephan Schlüter, 2021. "Performance Evaluation of Neural Network-Based Short-Term Solar Irradiation Forecasts," Energies, MDPI, vol. 14(11), pages 1-21, May.
  • Handle: RePEc:gam:jeners:v:14:y:2021:i:11:p:3030-:d:560922
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    References listed on IDEAS

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    Cited by:

    1. Neethu Elizabeth Michael & Manohar Mishra & Shazia Hasan & Ahmed Al-Durra, 2022. "Short-Term Solar Power Predicting Model Based on Multi-Step CNN Stacked LSTM Technique," Energies, MDPI, vol. 15(6), pages 1-20, March.
    2. Stephan Schlüter & Sejung Jung & Andreas von Döllen & Wonhee Lee, 2022. "An Alternative to Index-Based Gas Sourcing Using Neural Networks," Energies, MDPI, vol. 15(13), pages 1-11, June.

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    More about this item

    Keywords

    neural network; solar irradiation; time series forecasting; LSTM; CNN; ; C45; C53; C58;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics

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