The energy is there for certain but my guess is the challenge in converting the energy to electricity is not trivial. Water, especially salt water is not friendly to mechanical systems and especially ones where you want to minimize friction and have minimal maintenance. Someone the other day brought up submersed water mills that would use currents to drive them much like the air drives the new windmills. In some places, it would be the tides that bring these currents about and no doubt there is a lot of energy there to tap but effectively?!?