A frictionless wind turbine utilizing a plurality of magnetic levitation bearings for magnetic levitation is disclosed. The frictionless wind turbine comprises a housing, a plurality of turbine blades, a rigid shaft, a plurality of magnetic levitation bearings, at least one compression bearing, a plurality of stationary electrical coiled segments and a plurality of magnet segments. The magnetic levitation bearings are arranged in magnetic communication with each other to create a magnetic repulsive force for magnetic levitation. The magnetic levitation bearings and the compression bearing freely rotate around the rigid shaft. The magnetic repulsive force and a twisting motion of the turbine blades cause a rotational motion of the magnet segments, thereby inducing electrical energy in the stationary electrical coiled segments. The electrical energy, induced by means of magnetic induction, is then transferred to wires in the rigid shaft.