The energy innovation scenario sees hybrid wind-wave platforms as a promising technology for reducing the variability of the power output and for the minimization of the cost of offshore marine renewable installations. This article presents a model that describes the installation of a 5 MW wind turbine on a floating platform designed by Fincantieri and equipped with gyroscopic stabilization. The use of gyros allows for the delivery of platform stabilization by damping the wave and wind induced motion on the floater and at the same time producing extra power. Shetland Island was chosen as the reference site because of its particularly harsh weather. Final results show that the total production of power in moderate and medium climate conditions is considerable thanks to the installation of the gyro, together with a significant stabilization of the platform in terms of pitching angle and nacelle acceleration.