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Inspecting the literature, much effort has been placed on the verification of irradiance forecasts from numerical weather prediction (NWP) models, as such forecasts are thought to have profound implications on the photovoltaic (PV) power forecasts, which in turn affects grid operators' confidence in integrating such power into the electricity grid. However, perhaps due to the proprietary nature of PV plants and lack of access to state-of-the-art NWP model output, only few have had the chance to conduct head-to-head comparisons of global mesoscale and regional downscaled NWP models, in terms of how their irradiance forecast inaccuracies propagate to PV power forecasts. In this regard, this work presents such a study, in which irradiance and PV power forecasts from the European Centre for Medium-Range Weather Forecasts' High-Resolution (HRES) and Météo-France's Application of Research to Operations at Mesoscale (AROME) models are thoroughly verified against the ground-based measurements from 32 research-grade radiometry stations and 94 actual PV plants in Hungary. A wide range of techniques and case studies concerning verification is herein considered, including variance ratio analysis, Murphy–Winkler decomposition, point-versus-areal verification, and seasonal verification. Despite that the results are too numerous to be summarized in a few sentences, the overarching observation from the verification exercise is that the performance of irradiance forecasts can only be used to infer that of PV power forecasts to a certain extent, which contrasts the conventional wisdom. • Global ECMWF outperforms regional AROME for global horizontal irradiance forecasting. • The advantage of ECMWF is reduced if photovoltaic power forecasting is concerned. • Both numerical weather prediction models have the same accuracy for regional forecasting. • Photovoltaic power forecast errors are the highest in winter. [ABSTRACT FROM AUTHOR]

• Irradiance separation and transposition modeling are the two most critical steps. • 13% MAE, 12% RMSE and 23–33% skill score improvement is possible by model selection. • Detailed physical model chains, inlc. reflection and shading, have the lowest MAE. • Simple models have the lowest RMSE, but high bias and underdispersed forecast. • Wind speed has only marginal effect on physical photovoltaic power forecasting. Forecasting the power production of grid-connected photovoltaic (PV) power plants is essential for both the profitability and the prospects of the technology. Physically inspired modelling represents a common approach in calculating the expected power output from numerical weather prediction data. The model selection has a high effect on physical PV power forecasting accuracy, as the difference between the most and least accurate model chains is 13% in mean absolute error (MAE), 12% in root mean square error (RMSE), and 23–33% in skill scores for a PV plant on average. The power forecast performance analysis performed and verified for one-year 15-min resolution production data of 16 PV plants in Hungary for day-ahead and intraday time horizons on all possible combinations of nine direct and diffuse irradiance separation, ten tilted irradiance transposition, three reflection loss, five cell temperature, four PV module performance, two shading loss, and three inverter models. The two most critical calculation steps are identified as irradiance separation and transposition modelling, while the inverter models are the least important. Absolute and squared errors are two conflicting metrics, as the more detailed models result in the lowest MAE, while the simplest ones have the lowest RMSE. Wind speed forecasts have only a marginal effect on the PV power prediction. The results of this study contribute to a deeper understanding of the physical forecasting approach in the research community, while the main conclusions are also beneficial for PV plant owners in preparing their generation forecasts. [ABSTRACT FROM AUTHOR]