Wind energy, one of the most sustainable renewable energy sources, has been extensively developed worldwide. However, owing to the strong regional and seasonal differences, it is necessary to first evaluate wind energy resources in detail. In this study, the offshore wind characteristics and wind energy potential of Bohai Bay (38.7° N, 118.7° E), China, were statistically analyzed using two-year offshore wind data with a time interval of one second. Furthermore, Nakagami and Rician distributions were used for wind energy resource assessment. The results show that the main wind direction in Bohai Bay is from the east (−15°−45°), with a speed below 12 m/s, mainly ranging from 4 to 8 m/s. The main wind speed ranges in April and October are higher than those in August and December. The night wind speed is generally higher than that in the daytime. The Nakagami and Rician distributions performed reasonably in calculating the wind speed distributions and potential assessments. However, Nakagami distribution provided better wind resource assessment in this region. The wind potential assessment results suggest that Bohai Bay could be considered as a wind class I region, with east as the dominant wind direction.