The limited supply of fossil fuels, constant rise in the demand of energy and the importance of reducing greenhouse emissions have brought the adoption of renewable energy sources for generation of electrical power. One of these sources that has the potential to supply the world’s energy needs is the ocean. Currently, ocean in West African region is mostly utilized for the extraction of oil and gas from the continental shelf. However, this resource is depleting, and the adaptation of ocean energy could be of major importance. The purpose of this paper is to discuss the possibilities of ocean-based renewable energy (OBRE) and analyze the economic impact of adapting an ocean energy using a thermal gradient (OTEC) approach for energy generation.