Accurate short-term solar irradiance forecasting is crucial for the efficient operation of solar energy driven photovoltaic (PV) power plants. In this research, we introduce a novel hybrid ensemble forecasting model that amalgamates the strengths of machine learning tree-based models and deep learning neuron-based models. The hybrid ensemble model integrates the interpretability of tree-based models with the capacity of neuron-based models to capture complex temporal dependencies within solar irradiance data. Furthermore, stacking and voting ensemble strategies are employed to harness the collective strengths of these models, significantly enhancing prediction accuracy. This integrated methodology is enhanced by incorporating pixels from satellite images provided by the European Organization for the Exploitation of Meteorological Satellites (EUMETSAT). These pixels are converted into structured data arrays and employed as exogenous inputs in the algorithm. The primary objective of this study is to improve the accuracy of short-term solar irradiance predictions, spanning a forecast horizon up to 6 hours ahead. The incorporation of EUMETSAT satellite image pixels data enables the model to extract valuable spatial and temporal information, thus enhancing the overall forecasting precision. This research also includes detailed analysis of the derivation of GHI using satellite images. The study was carried out and the models tested across three distinct locations in Austria. A detailed comparative analysis was carried out for traditional Satellite (SAT) and Numerical Weather Prediction (NWP) models with hybrid models. Our findings demonstrate a higher skill score for all of the approaches compared to smart persistent model and consistently highlight the superiority of the hybrid ensemble model for short-term prediction window of 1 to 6 hours. This research underscores the potential for enhanced accuracy of the hybrid approach to advance short-term solar irradiance forecasting, emphasizing its effectiveness at understanding the intricate interplay of the meteorological variables affecting solar energy generation worldwide. The results of this investigation carry noteworthy implications for advancing solar energy systems, thereby supporting the sustainable integration of renewable energy sources into the electrical grid.

One of the key areas of the International Renewable Energy Agency’s (IRENA) programme of work is the analysis of renewable technology costs and performance and the dissemination of these results to as wide an audience as possible. In addition to analysis, IRENA seeks to engage a broad range of stakeholders in the context of this work through the Renewable Costing Alliance. The Costing Alliance brings together companies, industry association, governments and researchers to share, confidentially, data for real-world renewable energy project cost and performance, helping to build further on IRENA’s costing work to date. In this context the authors analyse the current cost differentials and cost reduction potentials for solar PV in Japan compared to best practice levels and identify the reasons for higher costs in Japan and how to reduce them. This study analyses the current installed cost differentials for utility-scale, commercial and residential rooftop solar PV systems. In addition to identifying the reasons for the cost differentials, potential policy recommendations to reduce the cost differential are identified.