If you use wing-in-ground-effect then you are in a single fluid, where there is no relative movement, so you cannot extract energy from the relative movement.
Put more simply, you need something to push against, so you need at least part of the vehicle in each fluid.
If you count that as sailing, this is the fastest sailing vessel.
You have to remember that speed sailing is effectively an efficiency competition. The theoretically perfect sailing machine would a foil in the air and a foil in the water connected by something with as little weight and drag as possible. Syroco are alarmingly close to making this happen.
An interesting choice to use a supercavitating foil. "Back in the day" there was an assumption that hydrofoils could never run above 50 knots due to cavitation, but the America's Cup people seem to do that (just). There are nice consistent supercavitating surfaces but they're called propellers.
Either which way, my money is on syroco.
Otherwise, no, because it's the interaction between the keel and water which allow you to sail other points i.e. broad reach.
(in theory, I think a kite up in the jet stream and a fairly large sail near ground level would work for some definition of ‘work’)
I remain unconvinced it's impossible downwind, given gliders and parasailing work.
Wind-powered “planes” can't work for that reason (and no, gliders aren't powered by the wind, and you can't have a ground-effect glider either)
So the best you can do is have just a foil that sticks in the water while having everything else out, which is basically what every modern race boat is doing.
[0] https://en.wikipedia.org/wiki/Dynamic_soaring#Manned_aircraf...
Seems like the sails would be too big of an aerodynamic compromise for the former, but the latter might work (though it would be kind of silly).
Sailboats can go many times the speed of the wind they're in.