A short time after founding the company we put the quality of the WIEN forecasting system to the test: EuroWind applied for the accreditation of the WIEN modelling process by the Deutsche Akkreditierungsstelle GmbH (DAkkS) in accordance with DIN EN ISO / IEC 17025:2005 - with success. The positive result also impressed our customers. Word soon got round about our expertise in the area of wind resource and energy yield assessments in the onshore and offshore field and EuroWind became the supplier of first choice for banks, investors and companies in the wind sector.
But we would not be EuroWind if that had been enough for us. Instead of resting on our laurels, we set to work on new calculation methods. It was our declared aim to also be able to compile daily wind power forecasts. This led to the development of the SOWIE model in 2002. The simulation model for nline forecasting of the wind energy supply initially compiled forecasts for the German market that quickly got an excellent reputation among the transmission system operators.
Subsequently the team of experts around Rupert Hänsch and Béla Reitter continuously improved the wind power forecasting system. From 2004 on, wind power forecasts for all relevant markets in Europe were offered by implementing the extended program EuroSOWIE.
By the further expansion of our development team we realised the simulation model for forecasting of solar power, SimSol. Starting with 2006 we expanded our portfolio with the resulting photovoltaic power forecasts for Europe. This set another important milestone in our company's history. Ever since, our forecasting systems have been continuously improved by our experienced team to support our customers in their daily work, providing best-in-class forecast data.
The medium-term and short-term forecasts play an important role in the energy industry. Network operators, so-called transmission system operators (=TSO) can use these to estimate the capacity utilisation of their networks and thus provide protection against overloads. Power utilities employ forecasts to better plan their energy mix and control their systems more effectively. And direct marketers also depend on wind and solar energy forecasts, as the market prices for energy are oriented to supply and demand, like other commodities. That means reliable forecasts are vital to every energy dealer.
We not only wanted to promise our customers that our forecasts are rock solid, we also wanted to demonstrate it. We therefore had our SOWIE method certified according to DIN EN ISO / IEC 17025:2005 in 2007. That made us the first German provider with an officially accredited method for wind power forecasting. Subsequently the photovoltaic power forecast also was internationally accredited according to DIN EN ISO / IEC 17025:2005 in 2011. These unique awards have made EuroWind one of the international market leaders for medium-term and short-term forecasts and also ensured the efficient network integration of clean, renewable energy.
This aim remains important to us even today. Following our motto "MAKING RENEWABLES PREDICTABLE", we wish to forecast the output of renewable energies as accurately as possible, thereby making their marketing more profitable, while minimising the need for balancing and control energy and hence making an important contribution to the energy revolution.