A wind energy conversion system optimized for offshore application. Each wind turbine includes a semi-submersible hull with ballast weight that is moveable to increase the system's stability. Each wind turbine has an array of rotors distributed on a tower to distribute weight and loads and to improve power production performance where windshear is high. As much of the equipment associated with each rotor as possible is located at the base of the tower to lower the metacentric height. The equipment that may be emplaced at the bottom of the tower could include a power electronic converter, a DC to AC converter, or the entire generator with a mechanical linkage transmitting power from each rotor to the base of the tower. Rather than transmitting electrical power back to shore, it is contemplated to create energy intensive hydrogen-based products at the base of the wind turbine. Alternatively, there could be a central factory ship that utilizes the power produced by a plurality of wind turbines to create a hydrogen-based fuel. The hydrogen-based fuel is transported to land and sold into existing markets as a value-added 'green' product.