Not the usual power kite design which is more "air wing sail" shaped instead of parachute shaped. Use of helium balloon would make it less susceptible to fall to ground in wind lull.
Kites tend to make electrical power by changes in tension rather than tension. The air wing allows a cycle of power and depower movements to drive a motor. I don't get how a parachute can do the same, though this would be good for boat propulsion.