Marine renewable energy is gaining prominence as a crucial component of the energy supply in coastal cities due to proximity and minimal land requirements. The synergistic potential of integrating floating photovoltaics with offshore wind turbines presents an encouraging avenue for boosting power production, amplifying spatial energy generation density, and mitigating seasonal output fluctuations. While the global promise of offshore wind-photovoltaic hybrid systems is evident, a definitive understanding of their potential remains elusive. Here, we evaluate the resource potential of the hybrid systems under geographical constraints, offering insights into sustainable and efficient offshore energy solutions. We compile a database with 11,198 offshore wind turbine locations from Sentinel-1 imagery and technical parameters from commercial project details. Our analysis reveals an underutilization of spatial resources within existing offshore wind farms, yielding a modest 26 kWh per square meter. Furthermore, employing realistic climate-driven system simulations, we find an impressive potential photovoltaic generation of 1372 ± 18 TWh annually, over seven times higher than the current offshore wind capacity. Notably, floating photovoltaics demonstrated remarkable efficiency, matching wind turbine output with a mere 17 % of the wind farm area and achieving an average 76 % increase in power generation at equivalent investment costs. Additionally, the hybrid wind and photovoltaic systems exhibit monthly-scale complementarity, reflected by a Pearson correlation coefficient of -0.78, providing a consistent and reliable power supply. These findings support the notion that hybrid offshore renewable energy could revolutionize the renewable energy industry, optimize energy structures, and contribute to a sustainable future for coastal cities.