Solar photovoltaic (PV) power is emerging as one of the most viable renewable energy sources. The recent enhancements in the integration of renewable energy sources into the power grid create a dire need for reliable solar power forecasting techniques. In this paper, a new long‐term solar PV power forecasting approach using long short‐term memory (LSTM) model with Nadam optimizer is presented. The LSTM model performs better with the time‐series data as it persists information of more time steps. The experimental models are realized on a 250.25 kW installed capacity solar PV power system located at MANIT Bhopal, Madhya Pradesh, India. The proposed model is compared with two time‐series models and eight neural network models using LSTM with different optimizers. The obtained results using LSTM with Nadam optimizer present a significant improvement in the forecasting accuracy of 30.56% over autoregressive integrated moving average, 47.48% over seasonal autoregressive integrated moving average, and 1.35%, 1.43%, 3.51%, 4.88%, 11.84%, 50.69%, and 58.29% over models using RMSprop, Adam, Adamax, SGD, Adagrad, Adadelta, and Ftrl optimizer, respectively. The experimental results prove that the proposed methodology is more conclusive for solar PV power forecasting and can be employed for enhanced system planning and management.

The world’s energy consumption is outpacing supply due to population growth and technological advancements. For future energy demands, it is critical to progress toward a dependable, cost-effective, and sustainable renewable energy source. Solar energy, along with all other alternative energy sources, is a potential renewable resource to manage these enduring challenges in the energy crisis. Solar power generation is expanding globally as a result of growing energy demands and depleting fossil fuel reserves, which are presently the primary sources of power generation. In the realm of solar power generation, photovoltaic (PV) panels are used to convert solar radiation into energy. They are subjected to the constantly changing state of the environment, resulting in a wide range of defects. These defects should be discovered and remedied as soon as possible so that PV panels efficiency, endurance, and durability are not compromised. This paper focuses on five aspects, namely, (i) the various possible faults that occur in PV panels, (ii) the online/remote supervision of PV panels, (iii) the role of machine learning techniques in the fault diagnosis of PV panels, (iv) the various sensors used for different fault detections in PV panels, and (v) the benefits of fault identification in PV panels. Based on the investigated studies, recommendations for future research directions are suggested.