An overview of the wind forecasting techniques and resource assessment

With the increasing wind energy demand in the electricity grid, reliable, accurate, and precise wind energy prediction is necessary to manage and correctly operate the interconnected power systems. Therefore, wind energy forecasting plays a significant role in wind energy utilization, particularly wind speed forecasting. Given the importance of wind speed forecasting and its resource assessment, numerous forecasting methods have been proposed in the literature, each with its advantages and disadvantages. A search for effective wind speed forecasts in wind energy management and resource assessment poses a significant challenging task. This paper carried out an overview of the different methods of wind forecasting techniques and resource assessment parameters needed for accurate wind generation modeling in power systems planning, operation, and control. This is also useful in electricity market designing with high renewable penetration and provision of ancillary services.