That's likely to remain so for some time because fixed offshore installations are dropping dramatically in cost while floating projects are still emerging from tests, he adds.
Many companies are currently working on floating projects with a real interest for future development in tourism.
Dutch firm Waterstudio.nl have a whole series of floating projects that look at placing buildings on top of water floating structures could be a way to overcome the problem of rising sea levels.
The Bio Argo floats project is funded by the funded by the Department of Industry's Australia-India strategic research fund, CSIRO Oceans & Atmosphere Flagship and Earth Observation Informatics Future Science Platform, the Indian government's department of science and technology, and UN FAO.
The cinema was programmed by our artists-in-residence Nina Pope and Karen Guthrie, and functioned as an intimate on-board screening and event space for 12 passengers – but also as a floating projection house to project film on to a bankside screen to much larger audiences.
In turn, the group had to dig into reserves to float projects that lost financing, lay off 14 people and shut its Boston counseling center in June.
Mr. Nellore notes that each floating solar project comes with its own engineering challenges.
While it is a floating archaeology project for some, and a scientific experiment for others, it is also a tangible reminder of nature's perils.
So how do we work together to get around that?" said Marisa Prefer, who manages the public programs for Swale, the floating forest project by the artist Mary Mattingly that started a year ago.
Commonwealth officials proposed that Shell's Prelude floating LNG project, currently under development, should not be allowed to result in a net increase in emissions but the condition was not enforced.
