A method and apparatus for extracting energy from wind and wave motion using a common floating platform comprising a ship hull (10) which is moored in an offshore location and which supports wind turbines (27) for extracting energy from wind and wave energy extraction devices (12) positioned at least at one side of the hull (10) for extracting energy from wave motion relative to the hull (10). The method and apparatus may also use water current energy extraction devices. The hull (10) may also support a desalination plant (45) which uses the energy generated from the wind, wave and water current energy extraction devices.