As the global agenda turns more towards the so-called challenge of climate change and lowering carbon emissions, research into green, renewable energy sources becoming nowadays more and more popular. Offshore wind power, produced by FOWTs (i.e., Floating Offshore Wind Turbines), is one such substitute. It is a significant industrial part of the contemporary offshore wind energy industry and produces clean, renewable electricity. Accurate operational lifetime assessment for FOWTs is an important technical safety issue, as environmental in situ loads can lead to fatigue damage as well as extreme structural dynamics, which can cause structural damage. In this study, in situ environmental hydro and aerodynamic environmental loads, that act on FOWT, given actual local sea conditions have been numerically assessed, using the FAST coupled nonlinear aero-hydro-servo-elastic software package. FAST combines aerodynamics and hydrodynamics models for FOWTs, control and electrical system dynamics models, along with structural dynamics models, enabling coupled nonlinear MC simulation in the real time. The FAST software tool enables analysis of a range of FOWT configurations, including 2- or 3-bladed horizontal-axis rotor, pitch and stall regulation, rigid and teetering hub, upwind and downwind rotors. FAST relies on advanced engineering models—derived from the fundamental laws, however with appropriate assumptions and simplifications, supplemented where applicable with experimental data. Recently developed Gaidai reliability lifetime assessment method, being well suitable for risks evaluation of a variety of sustainable energy systems, experiencing nonlinear, potentially extreme in situ environmental loads, throughout their designed service life. The main advantage of the advocated Gaidai risks evaluation methodology being its ability to tackle simultaneously a large number of dynamic systems' degrees of freedom, corresponding to the system's critical components.