Indeed Selsam’s “Auto-Oriented Wind Harnessing Buoyant Aerial Tramway” (towards the end of the long page): then this device was called Laddermill.
And in this classification tethered-aligned include both Chinese umbrella AWES (see above) and Laddermill.
I think it could perhaps be transformed into a Laddermill, the parachutes (umbrellas) deflating naturally in the downhill portion of the loop, being depowered.
Perhaps some other arrangements, comprising a train of Sharp rotor, could be found, as well as “simple” tethered-aligned kite trains and Laddermill-like.