Reducing costs and risks in solar projects: The role of backtesting for solar project developers
Historical forecasts, also called hindcasts, refer to datasets resulting from a backcasting process that simulates the solar or wind energy forecasts as they would have occurred under operational conditions in the past.
Power trading & portfolio management: retailer of green electricity in Spain
The client participates in OMIE power exchange bids for the day-ahead market and aims to minimize portfolio balancing costs. Consequently, they require twice-daily delivery of day-ahead forecasts for the total aggregate.
Our forecasts contributed to supplying the Tahiti island with 100% renewable electricity for one hour on September 11
EDT ENGIE uses our intraday forecasts up to 12 hours ahead for energy dispatch scheduling (diesel gensets, hydropower, storage), and intra-hour forecasts up to 10 minutes ahead to manage spinning reserves in real-time. Last September 11, forecasts even helped EDT ENGIE supply the Tahitian grid with 100% renewable energy for one hour.
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