A vertical axis wind turbine (VAWT) is disclosed having air or water bearing supports. The VAWT may be configured to float. The VAWT may include a 360° rotor, having a precision machined noncorrosive bearing surface at its perimeter, with a system of wind capturing devices configured to collect kinetic energy of wind. The rotor may be supported by at least three air or water bearing supports positioned substantially at a perimeter of the rotor. Electrical generation components may be located substantially at the perimeter of the rotor.