Based on wind speed, direction and power data, an assessment method of wind energy potential using finite mixture statistical distributions is proposed. Considering the correlation existing and the effect between wind speed and direction, the angular-linear modeling approach is adopted to construct the joint probability density function of wind speed and direction. For modeling the distribution of wind power density and estimating model parameters, based on expectation-maximization algorithm, a two-component three-parameter Weibull mixture distribution is chosen as wind speed model, and a von Mises mixture distribution with nine components and six components are selected as wind direction and relation circular variable models, respectively. A comprehensive technique of model selection, which includes Akaike information criterion, Bayesian information criterion, the coefficient of determination R2 and root mean squared error, is used to select the optimal model in all candidate models. The proposed method is applied to averaged 10-minute field monitoring wind data and compared with the other estimation methods and judged by the values of R2 and root mean squared error, histogram plot and wind rose diagram. The results show that the proposed method is effective and the area under study is not suitable for wide wind turbine applications, and the estimated wind energy potential would be inaccuracy without considering the influence of wind direction.