In the context of offshore floating photovoltaic systems (FPVs), this paper explores the use of bifacial photovoltaic modules installed in the vertical position. The energy harvested from the rear face of vertically configured bifacial PV modules compensates for the reduced production at the front face of the module, and this demonstrates the potential of bifacial technology for offshore applications. By comparison, most existing horizontally tilted bifacial FPV systems gain only a small benefit in production from the rear face of the module due to the minimum radiation received, and what also must be taken into consideration is the negative effect of significant soiling owing to the low tilt angle of the PV modules. Hence, to overcome these drawbacks, we have developed the innovative “PVSail” concept, which explores the deployment of vertical FPV systems on floats, buoys, or poles/minipiles. Floating vertical bifacial PV systems (VBPVs) have huge potential to harness all the energy generation capabilities enhance by reflected light, especially from snow‐covered surfaces in northern regions. Our analysis considers a patented mooring and vertical PV system that allows the VBPV structure to align with the prevailing wind direction to shed wind loads, and our numerical analysis explores the potential of VBPV applied to Catania in Italy and Nigg Bay in the United Kingdom. Our analysis study has revealed that across an azimuth angle range (0°–180°), vertical bifacial modules experience roughly a 9% decrease in energy yield at Catania and about a 5% energy yield gain in higher latitude regions like Nigg Bay. Additionally, increasing the latitude of the installation location of VBPV reduces the energy yield sensitivity to the orientation, that is, azimuth angle. The PVSail concept opens the door to novel deployment possibilities in offshore renewable energy projects.