A system for producing potable water and electrical power utilizing the difference in temperature between ambient air and deep, cold ocean water is disclosed. Cold water from depths of 2000 feet (610 meters) or more is pumped to a liquid/gas heat exchanger in the upper portion of a hollow cylinder. Ambient air currents are concentrated and diverted into the exchanger, becoming cooler and denser. Moisture condensing from the ambient air onto the cool surface of the heat exchanger is collected and channeled to storage or piped to shore. The air gains velocity before reaching a wind turbine near the bottom of the cylinder. This turbine is connected to a generator to extract the wind energy. This extracted energy is converted to electricity by the generator and sent to shore.