In the power formula ##P = \vec{F} \cdot \vec{u}##, the velocity ##\vec{u}## is the velocity of the point of application of the force. Wouldn't this be the velocity of a point of the blade? Of course, the speed of a point of the blade depends on the distance from the axis of rotation. So I guess you would need to use some average speed ##\overline{u}## for the points of the blade. Also, the force is probably different for different points of the blade. So, again you would need to use an average ##\overline{F}##. Even if you can argue that ##\overline{F}## is proportional to the square of the wind speed, ##v^2##, you would still need to argue that ##\overline{u}## is proportional to ##v## in order to get the power to be proportional to ##v^3##.