Capacity value of solar power: Report of the IEEE PES task force on capacity value of solar power

This paper reviews methods used for adequacy risk assessment considering solar power, and for assessment of the capacity value of solar power. The properties of solar power are described as seen from the perspective of the balancing authority, comparing differences in energy availability and capacity factors with those of wind. Methodology for risk calculations considering variable generation (VG) are then surveyed, including the probability background, statistical estimation approaches, and capacity value metrics. Issues in incorporating VG in capacity markets are described, followed by a review of applied studies considering solar power. Finally, recommendations for further research will be presented.