The Navitus Bay project was for up to 121 turbines off Dorset, Hampshire and the Isle of Wight.
The Department of Energy and Climate Change rejected the offshore project in September.
The developers' "extensive" research will be made available via the Crown Estate's Marine Data Exchange.
The Â£3.5bn plan, developed jointly by Dutch firm Eneco and French giant EDF Energy A, would have seen up to 121 8MW turbines at 200m (656ft) high constructed.
Developers said it would have provided electricity for up to 700,000 homes, but opponents argued it would damage tourism and was too close to protected coasts.
It was only the second time the government rejected an offshore project.
A statement on the Navitus Bay website read: "After careful consideration, Navitus Bay has chosen not to challenge this decision.
"We would like to thank the communities on the South Coast and all our stakeholders for their engagement throughout the project."
It added a "wealth of information" gathered, including bird and mammal surveys, archaeological data and sediment sampling, would be left as a "legacy...to stimulate research, support academia and contribute towards the sustainable management of the seabed".
The Challenge Navitus campaign group, which had opposed the development, said in a statement it was "delighted and relieved" at the announcement.
"The examiners' recommendation for refusal to the government was unequivocal and carefully considered, as was the Secretary of State's decision, so it would have been surprising if there were legal flaws in the process that the developer could challenge," it added.

Quamari Serunkuma-Barnes, 15, was attacked as he left Capital City Academy in Willesden, north-west London, on 23 January.
Before he died in hospital, he managed to tell one of the nurses the name of his attacker.
The defendant, who cannot be named because of his age, had a string of convictions for violent behaviour.
He also had convictions for possessing a knife at school when he was aged 13.
Prosecutors at the Old Bailey described the murder as a "deliberate, planned attack on a defenceless schoolboy."
"He was happy and unconcerned as he walked out of the school gates, singing and exchanging banter with his school friends as he walked," said prosecutor Sally O'Neill QC.
But within three minutes of leaving school, he was chased and stabbed by a masked boy, dressed in black, who had been waiting for him at the corner.
Witnesses described Quamari shouting that he was going to be stabbed and "running for his life" back to the school.
He was unable to outrun the defendant who grabbed him and stabbed him three times in his back, shoulder and upper leg before running off.
One of the witnesses, a girl, recognised the attacker and almost immediately rang him. He lied to her saying he was in south London.
The masked figure was caught on CCTV waiting for Quamari to come out of school and his phone confirmed he was in the area at the time of the stabbing.
"This wasn't a school argument getting out of hand and someone getting hurt because one of them had a knife," continued the prosecutor.
"Whoever did this to Quamari Barnes was waiting for him and as soon as he saw him, he chased him, caught him and stabbed him three times."
The defendant refused to give evidence, but his barrister, Kirsty Brimelow QC, told the court that the case was "riddled with doubts" and that the police had simply "joined with the playground chat".
He will be sentenced on 28 July.
Det Ch Insp Jamie Stevenson said Quamari was a popular schoolboy who "didn't stand a chance" as his attacker was an adept runner.
"Many of the schoolchildren who witnessed the attack initially thought the two boys were messing around.
"Little did they know that within a matter of minutes Quamari would be lying helplessly on the ground fighting for his life. Those that witnessed the events have been left completely devastated by the loss of their friend."
Developers behind a wind farm plan off the south coast of England which was refused consent by the government have decided not to appeal the decision.
[NEXT_CONCEPT]
A 15-year-old boy has been found guilty of murdering a teenager outside his school gate.