Current status and future advances for wind speed and power forecasting

This paper presents an overview of existing research on wind speed and power forecasting. It first discusses state-of-the-art wind speed and power forecasting approaches. Then, forecasting accuracy is presented based on variable factors. Finally, potential techniques to improve the accuracy of forecasting models are reviewed. A full survey on all existing models is not presented, but attempts to highlight the most promising body of knowledge concerning wind speed and power forecasting. (C) 2014 Elsevier Ltd. All rights reserved.