Abstract

Renewable energy production is one of the most important strategies to reduce the emission of greenhouse gases. However, wind and solar energy especially depend on time-varying properties of the environment, such as weather. Hence, for the control and stabilization of electricity grids, the accurate forecasting of energy production from renewable energy sources is essential. This study provides an empirical comparison of the forecasting accuracy of electricity generation from renewable energy sources by different deep learning methods, including five different Transformer-based forecasting models based on weather data. The models are compared with the long short-term memory (LSTM) and Autoregressive Integrated Moving Average (ARIMA) models as a baseline. The accuracy of these models is evaluated across diverse forecast periods, and the impact of utilizing selected weather data versus all available data on predictive performance is investigated. Distinct performance patterns emerge among the Transformer-based models, with Autoformer and FEDformer exhibiting suboptimal results for this task, especially when utilizing a comprehensive set of weather parameters. In contrast, the Informer model demonstrates superior predictive capabilities for onshore wind power and photovoltaic (PV) power production. The Informer model consistently performs well in predicting both onshore wind and PV energy. Notably, the LSTM model outperforms all other models across various categories. This research emphasizes the significance of selectively using weather parameters for improved performance compared to employing all parameters and a time reference. We show that the suitability and performance of a prediction model can vary significantly, depending on the specific forecasting task and the data that are provided to the model.

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