With 70 percent of the Earth’s surface covered with water, and the prospect of climate change causing sea levels to rise, oceans will be used for more than fishing and transportation.
Floating wind farms are being built around the world. Recently, RAA reported global offshore wind capacity may increase 15-fold and attract around $1 trillion of cumulative investment by 2040, citing data from International Energy Agency (IEA). This is driven by falling costs, supportive government policies and some remarkable technological progress, such as larger turbines and floating foundations.
And there are floating solar power plants. World Bank figures from September 2018 put the total amount of inland floating solar photovoltaic at 1.1 gigawatts. The capacity for floating solar is growing exponentially. At the end of 2014, total global installed capacity stood at 10 megawatts. As of Septem
