Investigating the coupling effect between different marine environmental conditions is essential to understand the dynamic response of wind turbines. This paper presents the study findings from the model tests conducted in a wave basin, exploring the coupling effect of wind, waves, and currents on the global performance of a 1:70 scale model 12 MW semi-submersible floating wind turbine (FWT). A multi-blade large-scale wind generation system with a rectifier network was improved and fabricated to provide a reliable wind field for the experiment. The stiffness-matched and geometry-matched tower models were designed and fabricated, achieving an accurate simulation of the tower's flexibility and windward areas and their impact on the global dynamic response. Following the calibration of marine environmental conditions and the characterization of the model FWT system, the study focused on the operational and extreme responses of the FWT concept. The aerodynamic damping effect of wind in pitch and surge motions is remarkable, especially in pitch motion, primarily manifesting by reducing the standard deviation of motions. Mooring load responses are predominantly induced by the hydrodynamic effect, with the wave-frequency response gradually becoming dominant as wave parameters increase. Tower-top load responses are primarily induced by the hydrodynamic effect of waves and the aerodynamic load effect of wind. Furthermore, the phenomenon where the action of current strengthens the aerodynamic damping effect of wind is observed. The coupling effect between wind and current amplifies surge motion while diminishing pitch motion, effectively reducing the tower-top and tower-base load responses.